SAFAL CAPITAL (INDIA) LIMITED (Formerly known as MPSE Securities Limited) is subsidiary company of Madhya Pradesh Stock and Capital Market Limited ( Formerly known as Madhya Pradesh Stock Exchange Limited), incorporated on 19th, March, 2000 under companies Act 1956 registered at Registrar of Companies at Ahmadabad (Gujarat) having its corporate Identification Number is (CIN) U67110GJ2000PLC106741 and registration number is 106741 and its registered office at 238, Chitvan Society, Opp. Abhijyot Harmony, Gala Gymkhana Road, Bopal Ahmedabad 380058.
The Company having the corporate membership of the NSE, BSE, MCX, ICEX, NCDEX and Metropolitan Stock Exchange Limited. Company has also Depository participant of Central Depository of India Limited (CDSL).
SCIL is one of the leading financial services company in central India over the last 16 years. SCIL has successfully provided trading facilities in multiple segments to thousands of clients through a vast network of its business associates and highly qualified staff.
SCIL is continuously exploring various opportunities for its all-round growth and in view of emerging opportunities in the financial sector, and its provide an integrated facility for Mutual fund, Commodities, Depository Participants, Equity, Equity Derivative, Commodities and IPO’s services
Madhya Pradesh Stock and Capital Market Limited (Formerly known as Madhya Pradesh Stock Exchange (MPSCML) was a stock exchange located at Indore, Madhya Pradesh, India. It was a SEBI recognized Permanent Stock Exchange, until it’s de-recognition in 2015. Established in 1919, it was 3rd oldest stock exchange in India and a leading stock exchange under outcry system.
MPSCML was originally set up as an association in 1919, with around 150 broking members. It was granted permanent recognition under the provisions of the Securities Contract (Regulation) Act, 1956 ("SCRA"), by the Government of India in 1988. MPSCML has 185 broker members, including some of the leading brokering houses in India. Around 315 companies, including some of the leading corporate of the country are listed on MPSCML.
After joining hands with National Stock Exchange (NSE) in 2012 and with the Bombay Stock Exchange (BSE) in 2013, MPSCML became the only regional stock exchange in India to provide independent trading platform for its members
MPSCML was the first regional exchange to enter into agreement with both the stock exchanges and first in India to get SEBI's approval when it allowed regional exchanges to come out of hibernation. Prior to this trading at the MPSCML was allowed through its subsidiary
In 2014, SEBI asked MPSCML to create its own trading platform with a net worth of ₹ 100 crore or be de-recognized. SEBI de-recognized MPSE in 2015.
Journey of Madhya Pradesh Stock Exchange to Madhya Pradesh Stock and Capital Market Limited are as follow
1919- Incorporated as Association of Person.
1957 - Recognized as Regional Stock Exchange.
1988 - Ministry of Finance granted permanent recognition.
1992 - MPSE records highest turnover.
2006 - MPSEL was corporatized into a limited company.
Aug 2007 - MPSE demutualized at a premium of Rs. 30/- per share.
2008 - Strategic Investors have taken up 51% stake at the Exchange.
2009 - Auction of two trading membership rights at record price of Rs. 3.81 lacs and Rs. 3.51 lacs.
10 Apr 2010 - Agreement under section 13 with National Stock Exchange (NSE).
31 Mar 2011 - Approval of Securities and Exchange Board of India (SEBI) to NSE agreement.
1 May 2012 - Agreement under section 13 with Bombay Stock Exchange (BSE).
9 June 2015 - SEBI Exit Order in respect of Madhya Pradesh Stock Exchange Ltd (MPSE).
2019 - Company has completed its 100+ years.