StockHolding Corporation of India


Stock Holding Corporation of India Limited is India's largest custodian and depository participant, based in Mumbai, Maharashtra.
SHCIL was established in 1986 as a Public Limited Company and is a subsidiary of IFCI. SHCIL is known for its online trading portal, with investors and traders.
It is also responsible for e-stamping system around India. It is also authorised by Reserve Bank of India as Agency Bank to distribute and receive Govt. of India savings/relief bond 2003 along with nationalized banks.

Corporate structure

The Stock Holder Corporation is mainly split into two separate entities under the SHCIL umbrella:

Domestic presence

SHCIL has over 200 branches and in 100 cities around India, it currently caters to 50+ million customers.

E-Stamping

The maine-stamping facility was opened on 3 July 2008 in New Delhi, India and was inaugurated by Chief Minister Sheila Dikshit.
The goal of the e-stamp was to "prevent paper and process-related fraudulent practices" according to the SHICL chairman and managing director at that time, RC Razdan.
It implemented the e-stamping facility in five cities of Gujarat - Ahmedabad, Gandhinagar, Surat, Rajkot and Baroda – as well as Bangalore, in March 2008.

Products and services

Stock Holding offers numerous financial services along three main branches: personal, corporate and custodial services.

Personal services

Some of the personal services they offer include:
A platform that allows users to buy gold online and is one of the only two ways to do so in India.

Corporate services

Custodial services include any safekeeping, administration, transaction and further activities done on behalf of a company by its custodian, and include: