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5 paisa capital was started in 2007. It is a fintech company having presence mainly in online discounted stock broking, depository services, research, distribution of financial products, and peer-to-peer lending.Its Promoter is Mr. Nirmal Jain who is also the promoter of IIFL Group.
5paisa Capital faces a tax demand of ~₹0.1 Cr, including interest & penalties, over alleged excess Input Tax Credit. The company will appeal, expecting no significant financial or operational impact.
5paisa Capital secured SEBI registration as a Research Analyst, allowing it to undertake research activities. This 5-year approval is expected to support and enhance the company's business operations. #5PAISA #SEBI
5paisa Capital's Board updated its Independent Directors and Nomination & Remuneration Committees. Dr. Sarat Kumar Malik appointed Chairman of the Independent Directors Committee and Member of Nomination & Remuneration. This enhances corporate governance.
5paisa Capital is expanding its operational footprint by utilizing two new premises due to increased business operations and space constraints. A portion of the IT/Product team will now operate from a Bengaluru location, while a Thane site will house parts of the Customer Support and KYC back-office teams. These premises...