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SAMCO Securities Appoints Independent Board of Directors

Ahmedabad, July 2018: Samco Ventures Pvt limited a fast growing fintech start-up has today announced that it has for the first time appointed new board of directors to advice and counsel the leadership team. The new board of independent directors will consist ofMr. Hinesh Doshiwho has been appointed in Samco Securities Limited a broking entity of the group whereasMr. Sivaramakrishnan S Iyer and Mr. Kanu Doshi are appointed on the board of holding company i.e. Samco Ventures Pvt ltd.

The main objective of the team will be to assess the strategies undertaken by the leadership at a strategic level as well as to guide them regarding future decisions, keeping the overall corporate vision of the company in mind.This announcement marks the advent of a new trend in the era of rising corporate governance among fintech start-up companies.

Hinesh Doshi has qualified as a Chartered Accountant since 1989 and has more than 27 years of professional experience. He is founder and managing partner of HINESH R DOSHI & CO LLP, Chartered Accountants. He has been Co-opted as Member of Secondary Market Advisory Committee in Securities and Exchange Board of India (SEBI), (2002 -2011). He has also been elected as President of The Chambers of Tax Consultants ( a 91 year old professional organisation) in 2018 and held various positions as Chairman of International Taxation Committee, Hon Jt Secretary, Hon Treasurer and Vice-President. He specialises in Tax, Regulatory services and Laws applicable to Foreign companies investing in India or Indian Companies investing abroad. Practicing in FEMA, Inbound and Outbound Joint Ventures, International tax, Transfer Pricing, DTAA (Double Tax Avoidance Agreements), Entry Strategies for foreign companies and RBI matters. He is also National Treasurer of INTERNATIONAL FISCAL ASSOCIATION – INDIA Branch since 2012.

Sivaramakrishnan S Iyer,holds a bachelor’s degree in commerce from University of Mumbai. He is a qualified Chartered Accountant from ICAI since 1987. He specializes in corporate finance and advises companies on debt/equity fund raising, mergers and amalgamations, capital structuring for new / expansion projects. He is also an Independent director on several large Listed companies like Phoenix Mills, Man Infra, Praj Industries, etc.

Kanu H. Doshi, He is a Senior Eminent Chartered Accountant and Professor

Emeritus - Finance, at Welingkar Institute of Management wherehe teaches Corporate Tax Planning, Financial Management andInvestment Banking in Business Management Courses.He isan Independent Director on the Boards of Companies likeReliance Nippon Life Asset Management Limited, EdelweissAsset Management Ltd, Motilal Oswal Asset Management Ltd.In addition to his work he is also a member of the Governing Council of Forum ofFree Enterprise and he is an active Rotarian.

On the appointment Mr. Hinesh Doshi said, “SAMCO Securities has exhibited an impressive growth trajectory in a short of period. The founder, Jimeet Modi's disruptive business model is a sheer inspiration to all young leaders that start-ups can become big and profitable if they are scalable and build on robust technology platform which can serve customers at minimal costs. It would be a honour to be associated and contribute to the strategic growth of SAMCO Securities. I look forward to the opportunity to deliver my best that will bring greater value to customers, employees, investors and other stakeholders”.

On the appointment Mr. Kanu H. Doshi said, “I am excited to join Samco Ventures and the young team of Jimeet Modi who has created a robust start up venture in a highly competitive industry by offering low cost solutions to the customers in turn helping them save huge costs and at the same time remain profitable. Being associated with him will bring my experience and his young talent on one platform to create long term sustainable value for all the stakeholders”.

Commenting on the same Mr. Jimeet Modi, CEO & Founder at Samco Securities & StockNote said“The collective knowledge, expertise and experience that Shri Kanubhai, Shri Hineshbhai, Shri Sivaramakrishnanji will bring to the company will further strengthenour financial function and will reinforce our position at the forefront of professional service providers. SAMCO Securities welcomes their appointment and looks forward to adding their voice and efforts for the benefit of all stake holders.”

About SAMCO Securities:

SAMCO Ventures Private Limited, is a fintech startup incorporated in March 2015, one of India's fastest growing companies in the Discount Broking Industry with over 75,000 customers. The company aims to solve problems and at an extremely affordable cost for its customers who actively trade or invest in the Indian capital markets with the use of Artificial Intelligence. SAMCO strives to provide some of the most unique margin products to enable its customers make the most efficient use of their capital and dodge complex problems like high brokerage and inefficient capital allocation that plague the trading and investing industry. SAMCO Securities Limited is headquartered in Mumbai in India. Please visit www.samco.infor further details.

About StockNote:

StockNote is a first-of-its-kind, easy-to-navigate content streaming and trading platform, powered by a proprietary Giga Trading Engine that combines artificial intelligence (AI), powerful computing and analytical technology to identify opportunities, trends and patterns from the stock markets and present these as simple, filtered and actionable ideas to users. Please visit http://www.stocknote.com for further details.
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