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ABOUT US
Who we are, our progress story, the supporting pillars in our growth, values that drive us..

   SPS, a fourth generation broking house & one of the pioneer members of Bombay Stock Exchange was founded in 1945, as a proprietary concern in equity broking. It was registered with Bombay Stock Exchange Ltd. under the trade name of Shri Pramod P. Shah, who is a dominant share holder of the company. When the membership of Bombay Stock Exchange Ltd. got converted into a Corporate Entity in late 90’s, SPS too became a corporate member of Bombay Stock Exchange Ltd. & National Stock Exchange of India Ltd. The leadership was then taken over by his young, dynamic son Shri Sandeep Pramod Shah.

   Since its inception, SPS has sought to provide premium broking services & information which has helped us to add not only retail investors but also Institutional Investors, Corporate & High Net worth Individuals. Powered by the presence in national distribution capabilities, more than 6500 investors are served through 89 branches & franchisees across the country.

   With an enviable distribution facility, SPS has now added another jewel in its already bejewelled crown. Ace Richesse (I) Pvt. Ltd. has joined hands for marketing of our retail broking business. ACE is a financial boutique offering a full range of financial services -institutional business, HNI client services, client fund management and retail distribution of Mutual Funds, IPOs/FPOs, Depository Services, Insurance and other Financial Services.

   Although SPS’ specialization have been lying in servicing retail & HNI clients into equity broking, we have expanded our areas of services into Commodity Trading on Multi Commodity Exchange of India Ltd. (MCX) & National Commodity & Derivatives Exchange Ltd. (NCDEX) and Currency Futures on MCX-SX & NSE. We have also started strengthening our base for Mutual Fund Distribution, Initial Public Offers and Insurance through our branches & franchisee outlets. We will also be introducing Portfolio Management (PMS) and Investment Banking services in near future.

   Success doesn’t just happen. It’s planned. It takes putting facts down to numbers before discerning & acknowledging achievements that are larger than life. Upon having the tools & knowledge to plan success, making it a reality is never a Herculean task. Capitalising on consistency, superior investment performance, professionalism and transparency, we are here to make a difference to the world of finance.

"The world is round and the place which may seem like the end could just be the beginning...."
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Attention Investors :
"Prevent Unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors" | KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | " No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Advisory for Investors :
"Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms. || Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms. || Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: https://www.nseindia.com/invest/about-defaulter-section || Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/collateral MUST remain in the account of the client and can be pledged to the broker only by way of β€˜margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client. || Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly. || Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith. || Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy. || Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker."