Monday, May 31, 2010

SMC Group becomes the first Indian company to attract 'Blank Cheque' investments from the U.S.

SMC Group (SMC), one of the leading brokerage outfits based in New Delhi, has earned the distinction of being the first Indian company to attract investment from a U.S.-based Blank Cheque Company. SMC has offered 14.9% stake in the Company, valued at Rs. 1.64 billion, to Millennium India Acquisition Company (MIAC), a blank cheque company based at New York. Singhi Advisors Ltd., one of the top 10 Indian corporate finance firms and investment banking boutiques, and the Kolkata-based Beejay investment & Financial Consultants Pvt Ltd were the advisors to the first-of-its-kind transaction.

The SMC Group (SMC Global and SAM Global) is a leading broking house having a pan India network of over 800 branches and has an investor base of over 2,50,000 clients. The Company provides equity and commodity-based products (research, equities, derivates, depository, etc.,) and has exchange memberships with major domestic and international equity and commodities exchanges. SMC is also one of the leading arbitragers in the country.

Mr. Subhash Chand Aggarwal, Founder and Chairman of SMC Group of Companies, said, “The funding will be used to expand the network further and to create greater value for our customers through advanced technology. Millennium India Acquisition would bring a wealth of knowledge through its international experience. Financial partnership with such a renowned international fund and extra resources will assist us in achieving faster growth.” He added, “The funds raised will be deployed for faster growth both organic, inorganic and working capital requirements. This is an exciting time for SMC Group — solidifying our financial foundation will allow us to grow further and realise our dreams.”

“SMC is built on the principles of transparency, honesty, and integrity and a rock solid commitment for excellence and relations that have made the Group a financial hub in one of the fastest growing emerging economies in the world,” said Mr. Mahesh Chand Gupta, Co-Founder and Director of SMC.

Mr. F. Jacob Cherian, President and CEO of MIAC, said, “SMC is a fast-growing company in India with long-term strategy, an established presence and significant expansion potential. We look forward to working with the dedicated and professional team of SMC to help the Company accelerate its growth through access to capital this transaction provides.”

Mr. Cherian added, “The Indian stock broking business is passing through a vibrant phase. Foreign private equity players are picking up stake in the Indian securities brokerage firms but more and more foreign players are making direct entry into the industry. Millennium India Acquisition, which recently raised US$ 58 million, intends to focus on privately-owned businesses within the financial services, healthcare, infrastructure, consumer retail and hospitality sectors that offer innovative cross-border growth opportunities.”

SMC provides equity & commodity-based products (research, equities, derivates, depository, etc.,) and has exchange memberships with major domestic and international equity and commodities exchanges including BSE, NSE, MCX, NCDEX and DGCX, Dubai. SMC was established by the Mr. Subash Aggarwal & Mr. Mahesh Gupta in early 1990’s. SMC has achieved a significant presence in retail broking and has recently started IPO (ranked as the seventh largest entity today) and insurance products distribution and merchant banking activities.

Millennium India Acquisition is a blank cheque company based at New York, and listed on Amex. It has recently raised US$ 58 million and is currently headed by Mr. Jacob Cherian and Mr. Suhel Kanuga, who have worked in the financial services division of CSC (Computer Sciences Corporation), a Fortune 500 company that is touted as the world’s third largest Information Technology (IT) solutions company.

Friday, May 21, 2010

SMC Global gets Secrets to manifest 10, 000 Cr. Target- Law of Attraction workshop by ArtIntelligence

SMC Global gets Secrets to manifest 10, 000 Cr. Target- Law of Attraction workshop by ArtIntelligence

Every corporation follows this, no matter big or small but the winners are only those who know how to transfer this knowledge to their every employee, no exceptions. Yes Law of Attraction is working for your corporation as well all the time; if you are a business entrepreneur or a corporate leader then pay attention to this as you got your think tank and your think tank has subconscious mind and hence their decision making ability is getting affected at certain times when they are in feel bad state and this time Law of Attraction would work against you. So it is better to have your team this knowledge.

Success and Prosperity come as a result of doing things in a certain way. But what are those; how you and your corporation can take maximum advantages of these natural universal laws? The Law of Attraction - how we attract things to us by our thoughts. But to use that law we have to first understand The 1st Law - The Law of Vibration - which is that everything in the universe has a vibration and we have the ability to alter the vibration. In order to do this we need to understand what we are and who we are.

As humans we have six abilities - Perception. Will, Reason, Intellectual, Intuition & Wisdom. But we did not get education to empower all these skills at school, college or corporate level that’s why we make difficult decision in our life which brings difficult results We teach them about themselves and showed them how to learn about the root cause of what they did, how to understand the thought mechanism that was behind it, and then change their personality.
Most corporations work on analysis reports to monitor their employees or human resources and then order training to increase their performances but all these analysis and training are focused on the effect but what about the cause; We work to remove that cause as every human being has got tremendous potential to overcome his or her difficult situation; that’s what I mentioned in my book Law of Attraction – Channel Chang says Mr. Manish Sinha (Managing Director, ArtIntelligence Learning Systems)

Very inspirational; something I never felt before. Mr. Manish Sinha has delivered more than what we expected says Mr. Vineet Kumar Goyal (AVP Brand Promotion, SMC Global). Mr. Sinha you have come out with different sort of training and help us to visualize our hidden potential says Alok Garg. I wish him all the best for his future endeavors as he has taken a bold step to educate people about how to achieve success- Vikas Ranjan. It has given me good insight for my children. I feel I can use it to focus & inspire my children says Deepa Mohamad (Manager HR, SMC Global)

These were the reaction of participants after a 4 hours training session on Law of Attraction and money manifestation techniques. The problem is people has too much of information but they do not know how to use this information to make application of this information and those who are able to make it they will definitely make a difference and make their presence felt across the globe summed up Mr. Sinha.

About ArtIntelligence-

ArtIntelligence has corporate headquarter in Delhi. The Company is focused towards enterprise clients – ranging from medium to large sized corporate entities. The Company offers end-to-end solutions by unifying its four clearly defined LOA based courses: Law of Attraction – Channel Change (LOA), Personal Development (PD), Business Development (BD) and Corporate Development (CD).

About SMC-

SMC Group, a leading financial services provider in India is a vertically integrated investment solutions company, with a pan-India presence. Over the Years, SMC has expanded its domestic as well as international operations. Existing network includes regional offices at Mumbai, Kolkata, Chennai, Bangalore, Cochin, Ahmedabad, Jaipur and Hyderabad plus a growing network of more than 1800 offices across over 400 cities/towns in India. SMC has plans to grow its network to 5,000 offices across 700+ cities in the next 3 years. SMC has a highly efficient workforce of over 6,000 employees & one of the largest retail network in India currently serving the financial needs of more than 5,50,000 satisfied investors.

SMC has entered into a 50:50 joint venture with Sanlam Group, one of the largest listed financial services group in South Africa for setting up wealth Management and Asset Management business in India, Sanlam is operating in over 30 countries globally including UK, USA, Switzerland, Luxembourg, Dublin, Australia and others.

Wednesday, May 12, 2010

SMC Group (India) Launches Online Trading Services with PNB: An Alliance of Trust and Technology

SMC Global (India) one of the leading broking house in India has launched its online trading services with PNB. Now consumers can enjoy the convenience of investing in financial products from the comfort of their home / offices by using SMC Global's website, also online trading link in provided on bank's website at pnb website. Newspaper Coverages

SMC Global's CMD Shri SC Aggarwal and CEO-NSBL Shri Ranjan Dhawan after signing agreement with Dr KC Chakrabarty CMD, PNB, says, "We always believed consumer is king and our new 3-in-1 offering at competitive rate is just a natural next step."

SMC Group has its strong in-house research team of analysts, which periodically comes out with comprehensive market reports on equities, commodities, mutual funds, insurance, etc. The web portal www.smcindiaonline.com is already working on secure transaction processing system and now this new alliance is a further boost for it.

"I am a small time businessman and investing my hard saved money in this volatile market was very challenging for me. Now after 2 years of association with SMC, I must say I made a right decision and as they say money wise bewise," says Mr Mohit Sharma one of the happy investor.

Mr SC Aggarwal, CMD, SMC global added, "It is in fact a win-win alliance for PNB, SMC and for the clients too. Through this alliance, now 40 million PNB customers can access our state - of - art online trading services which would be available at huge network of 4600 + branches of PNB and supported by SMC network of 1500 offices over 350 cities. In addition to the existing huge customer base of the bank, the alliance would equally and aggressive target the acquisition of new generation customer group by offering top of the class technologies product."

About SMC Global, India:

SMC Group is a leading full fledged financial services provider in India and overseas, offering institutional and retail brokerage of equity, commodity, currency and derivatives trading, on-line trading services, Portfolio and Wealth Management services, investment banking, clearing & depository services, IPOs, Mutual funds and insurance products (both life & general).

Over the years, the group has expanded its domestic & international operations. Existing SMC network includes regional offices at Mumbai, Kolkata, Chennai, Bangalore, Cochin, Ahmedabad, Jaipur, Hyderabad plus over 1500 offices across 350+ cities in India. The company has also expanded internationally, and has established office in Dubai, becoming a member of the Dubai Gold and Commodities Exchange (DGCX). SMC has got the membership of all the leading equity, commodity, currency, depositories & spot exchanges of India. Currently SMC has a highly efficient workforce of over 3500 employees and over 7500 financial advisors serving the financial needs over of more than 550,000 loyal customers.

Achievements:
2nd largest distributor of IPO in retails
4th largest brokerage house in India
Fastest Growing Retail Distribution House in Financial Services in India