Morarka Finance Ltd. (India)

Morarka Finance Ltd. is a securities trading company located in Mumbai. The company was originally incorporated as Morarka Holdings Limited in 1985 and changed its name to Morarka Finance Limited in 1993. It started with an initial capital of Rs. 44 Lacs and focused on investment activities, specifically trading and marketable securities. In 1992, the company expanded its business to include merchant banking and OTCEI trading. It also worked as a Category II Merchant Banker and provided services as a Co-Manager for some public issues. The company has underwritten over Rs. 7 Crores worth of issues and has held a license from the RBI. In 1994, Morarka Finance made its Initial Public Offer of Equity Shares, which was a major success. The company's shares are listed on the Stock Exchange, Mumbai (BSE). Morarka Finance is known for its expertise in finance and trade and aims to help investors gain from the stock markets. The company follows the guidelines of SEBI, The Ministry of Corporate Affairs, and other statutory/regulatory bodies. It is engaged in activities related to portfolio management, including investment in securities, corporate advisory services, and advancing loans. The company's objectives include carrying on the business of an investment company, buying and selling shares, stocks, debentures, and securities, and not engaging in banking activities. Morarka Finance has a registered office in Nariman Point, Mumbai.