Mastertrust celebrates yet another milestone as the firm completes 35 glorious years in the industry
May 25, 2020
New Delhi [India], May 25 (NewsVoir/ANI): Mastertrust, a leading trading platform in India, celebrates yet another milestone as it completes 35 successful years in the industry.
The company has witnessed a steep growth in business during its successful tenure wherein it has been growing top line 10 per cent YoY from last five years.
Since its inception, the company has continued with steady growth and achieved various milestones along the way. One of the notable accomplishments was to acquire membership of NSE in 1993.
From opening its first office in Ludhiana in 1985 with a modest team size of three professionals, the company has now grown to a team of 800 people.
The company continued to leverage its achievements to heighten its success. The firm ventured into NBFC market in 1998 and further Depository Services in 1999.
It became insurance broker and a SEBI registered portfolio manager in 2004 - 2005. The next biggest achievement came in 2017-2019 when their flagship Portfolio Management Services AUM crossed INR 325 crores and Mutual Fund AUM crossed INR 470 crores.
In 2017, the company did AI-based innovation in automated portfolio analysis. The firm has clocked in average daily turnover of 1050.6 crores during the lockdown and has seen an increase of 5 per cent in average daily traders on their platforms.
Mastertrust has many awards and recognitions in its account. From being declared as India's best derivative broker by BSE in 2012-2013 to receiving "Order of Merit" in SKOCH BSE Awards in 2016-2017, the journey has been noteworthy. With over 250000 plus customers, the company is continuously striving to provide financial services with great expertise.
The firm offers facilities like zero brokerage plans, paperless e-KYC, Demat account opening for all its stakeholders, customers, and partners.
Mastertrust also offers stock broking services, portfolio management services, selling of ETFs, mutual funds, bonds, and IPOs.
"The financial sector has been rapidly evolving and people in India are now more inclined towards various investment options which can give them better returns. I am humbled and feel accomplished as the dream and vision which I saw 35 years back has finally become a reality," said Harjeet S Arora, Managing Director, Master Capital Services Ltd., speaking about the achievement.
"We have strengthened our business over the last few years and have been dedicated to understanding the needs of our customers through in-depth research and analysis to achieve seamless and excellent customer satisfaction. We are also looking forward to growing businesses with our partners and clients with lots of technical upgrades and user-friendly products that we plan to bring in soon," said Arora.
"At Mastertrust we believe strength and growth comes from perseverance and hard work," Harjeet S Arora further added.
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