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Dr. Ashok Ajmera, FCA

Dr. Ashok Ajmera, FCA aged 60, is a well known Chartered Accountant (1977) and a capital market expert. He has garnered a rare expertise in the entire gamut of financial services, gained from a wealth of experience of over 35 years.

 

Mr. Ajmera is the Chairman & managing Director of Ajcon Global Services Ltd., the Company listed on BSE and is engaged in the services of Stock, Commodity and Currency Broking, Investment Banking and Corporate Advisory services with major emphasis on migrating the SME’s to the Mid Corporate and finally to large Corporate by lending  and also the Corporate Advisory Services with the major emphasis on migrating the SME’s to the Mid Corporate and finally to large Corporate by rendering the timely Merchant Banking services and complete range of Corporate and Financial Services. The Equity Broking division has a large Institutional clientele.

 

Over the years Ajcon Global under the able guidance of Mr. Ajmera has served more than 100 Corporate Clients and about 400 SSI and SME clients for their financial needs.

 

In addition to project consultancy and merchant banking, the Company offers broking & corporate advisory services to several financial institutions, banks and Corporates. The team provides non-discretionary investment advisory services on equity, derivatives, IPOs to HNIs and institutional clients backed by intensive in-house research. The Company has entered into a tie – up with Bank of India for online broking services for Bank’s clients through Ajcon’s online trading platform www.pyarapaisa.com.

 

The scope of corporate services includes advising on formation of all types of Companies (have formed above 200 companies), capital structuring, setting up of Corporate Offices, drawing up administrative and financial manuals, laying corporate strategy etc. Under guidance of Mr. Ajmera, challenging assignments on restructuring and rehabilitation of sick units, filing of BIFR cases have been undertaken. The Company has a proven history of turning around businesses in difficulty by advising on strategic and financial restructuring.

 

Presently the Company represents some large international private equity funds & shares its equity research report with more than 5000 fund managers & investment strategists all over the world.

 

During the initial years of NSE, Mr. Ajmera has significantly contributed to streamline operations and systems at NSE and has represented broker community. He has worked closely with NSE for replacing the then prevailing badla system by introducing Automated Lending and Borrowing Mechanism (ALBM). He chaired the NSE committees for resolving disputes of members. He addressed and resolved a large number of disputes over a 3-year term as the member of Dispute Resolution Committee (DRC). He was also a Committee Member of COSI (A hi - power committee of National Stock Exchange of India (NSE)) for over 3 years and Chairman of various Sub -Committees formed by NSE from time to time. Was elected as the Director of Association of NSE Members (ANMI) for 2 years and was designated as the Chairman of various Committees of ANMI viz. Insurance Committee, Public Relations Committee, Co-ordination Committee, Legal and Member grievance Committee etc. He then went on to become Vice-Chairman of ANMI-WIRC.

 

He has contributed several Articles and interviews in leading Newspapers & magazines. Leading media channels, namely, Doordarshan, B.B.C, Star, Zee, CNBC, NDTV, Sahara, Reuters, Awaaz, Aaj Tak, Headlines Today, Bloomberg UTV, India News, Times Now etc. interview him as a Capital Market Expert / Stock Analyst. He has had more than 2500 appearances on these channels.

 

Mr. Ajmera has also presented well researched papers in Universities, Management Institutes, National & International Seminars on subjects related to Indian Economy, Capital Markets, Projects & Finance. He authored a book on financial planning, published by the CPE Board of Institute of Chartered Accountants of India.

 

On the social front, Mr. Ajmera was an active Jaycee and went on to become its Zonal president, District chairman of Lions Club International, President of Lions Club of South Bombay, Chairman of "Clean Bombay Green Bombay", Managing Committee Member of Nana Chudasama's "I Love Mumbai" & F.T. Khorakiwala's Citizen Council for Better Tomorrow (CCBT). Most importantly, he was appointed by Government of Maharashtra as a Special Executive Magistrate for over 6 years. Presently Mr. Ajmera is an active Rotarian as a member of the 2nd oldest Rotary Club of Mumbai i.e. Rotary Club of Bombay North.

 

Considering his qualification, vast experience and expertise in securities market, he was appointed as an independent director on the board of Gilt Securities Trading Corporation (subsidiary of Canara Bank) in 2004 now known as Canara Bank Securities Ltd.

 

Mr. Ajmera pursued his hobby of training people throughout his career. He was certified as an International trainer by JCI, USA as an EXCEL graduate and has to his credit over 300 training programmes. Most programmes were focused on personality development, stress management, time management and extended forward to professional development of a person. He was sent as a delegate to the JCI international conferences in Thailand and Japan and was honored by "Outstanding participation awards" at these conferences.

 

He also presented a well-researched paper on the 'Indian economy', with a foreword by the eminent tax expert and Supreme Court Advocate, Mr. Y.P Trivedi in Japan before 14,000 delegates in the year 1992, just after the second budget of Dr. Manmohan Singh as Finance Minister.

 

Mr. Ashok Ajmera is the son of well known philanthropist of Indore Shri. Manik Chandji Ajmera and belong to a large family of seven brothers.  Married to Pragati, Mr. Ajmera is blessed with two sons Ankit & Anuj. Ankit is a M.B.A. from U.K. and is married to Pallavi, a Chartered Accountant, is blessed with 2 daughter’s Baby Aanchal & Baby Naveya. Anuj, an IT professional is married to Shikha an MBA and is blessed with a Son Baba Annsh. His wife Pragati is also a very social minded lady who runs and manages as its Founder and President of “Parichay”

 
Mr. Ankit Ajmera
Mr. Ankit Ajmera, an MBA Graduate from UK is the Executive Director of the company. He has experience of over ten years of Capital Markets in general and in Institutional equities in particular. He has hands on experience in IPO Distribution, Equity Research, and Institutional Broking/Dealing etc. At Ajcon, he spearheads the execution/development of the entire operations of Institutional Broking and Retail Broking. His other associations involve him as a Chairperson of Lions Club, Mumbai, and a Managing Committee Member of AMNI.
 
Mr. Annuj Ajmera
Mr. Annuj Ajmera, a Commerce Graduate is the Executive Director of Ajcon. He has over eight years of experience in Business Development, Marketing & PR initiatives. Owing to his extensive knowledge of IT he is entirely responsible for the development and implementation of IT framework of Ajcon and its group companies. He has played a pivotal role in designing the online trading web portal of Ajcon Global “www.pyarapaisa.com”. He is responsible and leads the business development and marketing aspects for the broking and investment banking division of the Company. His other associations involve him as Secretary of Rotary Club of Kandivali, Mumbai.

 

 INDEPENDENT DIRECTORS
 
Mr. Sameer Biswas
Mr. Sameer Biswas, is the Independent Director at Ajcon Global Services Limited. He has completed CA, CWA, CS and BA. He has been the former Regional Director & Director of Inspection of Ministry of Corporate Affairs. During his tenure with Dep. Of Company Affairs he has assisted JJ Irani Committee & Kumar Mangalam Birla Committee on Corporate Governance.He is Govt.appointed independent director on Padmini Technologies.
 
Mr. Rajendra Bakiwala
Mr. Rajendra Bakiwala, is serving as an Independent Director. A veteran Chartered Accountant he leads the profession of Accountancy and Taxation from Jaipur for the last thirty years and is a wellknown social figure there.
 
Mr. Narayan Atal
Mr. Narayan Atal is serving as Independent Director at Ajcon. His qualifications include CA, ICWA and LLB. He is a fellow member of ICAI. Over the years, he has gained vast knowledge in capital markets, project finance, legal and accounting matters. His other associations involve as Director of Elpro International Limited, Gama Leafin Private Limited.
 
Mrs. Ragini Chokshi
Mrs. Ragini Chokshi is serving as additional Independent Director at Ajcon She is a founder partner of the firm “Ragini Chokshi & Co.” and associated with many listed and unlisted Companies. She is a practicing Company Secretary in Mumbai since more than two decade & having Specialization in Corporate laws, Listing, Merger & Amalgamation, Managerial Remuneration, Organization Restructuring, conversion of Balance sheet & Profit & loss a/c into XBRL & Corporate legal counseling to Companies & appearance before Company law Board , Regional Director, Ministry of Corporate Affairs, SAT, SEBI,etc.
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