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  • info@eurekasec.com

Company Profile

Since its inception in 1992, Eureka is lead by its vision to enable wealth creation via continuous innovation through an ethical and intellectual team of people. Starting from a small office with few employees, Eureka today has a team of around 130 employees, offering comprehensive investment solutions to more than 70,000 satisfied customers throughout the length and breadth of the country.

We, along with our associate firms, bestow a holistic offering of financial products and services to assist our client's to reach their financial goals with ease. Trust has helped us grow and retain our rich clientele which include Retail investors, Institutions, Corporate Houses, Banks, Financial Institutions, HNIs and NRIs.

At Eureka, we believe that every member of our valued clientele is a unique individual, with his or her own financial needs and preferences. Our executives take it upon themselves to tailor-make your financial solutions over a comfortable tete-a-tete.

The real drivers of Eureka's evolution have been its clients who have chosen to see us as a complete partner in wealth creation and not as a financial vendor. We have endeavored to create an institution that distinctively creates value to always put its clients on a position of advantage. This uniqueness includes:

  • Robust Credibility
  • Deep and broad understanding of the markets
  • National Network
  • Strong team with proven track record
  • Online software for client updating
  • One stop finance shop

We are also backed by a vast network of sub brokers and franchisees operating through more than 1000 terminals across the country, empowering us with a broader market exposure and support.

History

The incredible journey began when the Group's chairman, Mr. Paras Ram Somani, registered himself as a member of the Calcutta Stock Exchange in the year 1960. As Technology advanced and brought radical changes in the way Indian Capital Market operated and National Stock Exchange (NSE) was launched to bring Indian Stock Market trading system on par with International Standards, Mr. Paras Ram Somani spearheaded the group's initiative with a rational to acquire the membership of NSE and provide the benefit of trading in NSE to its customer's by taking over the management of Eureka from its existing promoters in the year 1997. Since then the flagship Company of the group Eureka grew exponentially and went on to achieve several milestones.

Why choose us?

We place our clients’ needs first. As a stock broking company, we bring to you more than 20 years of experience in serving a diverse client base of retail and institutional investors. We service our clients through a network of 29 branches and more than 200 registered sub-brokers and authorized persons with pan India presence. We aim to offer simplified investment solutions that provide long-term value to our clients.

We have strong background

Founded in the year 1992, Eureka Stock and Share Broking Services Ltd along with its associate firms have reached several milestones. Moving ahead with the mission of wealth creation for our investors through innovative products, investment strategies, trading facilities as well as personalized services, we are amongst the leading Broking, Research and Financial Service providers in India. We provide the best technology-driven trading platform to our clients and serve more than 70,000 investors throughout the country. Our core value revolved around “TRUST” which sets us apart from other players in the industry.

We are extremely flexible

We aim to provide our clients flexible solutions which allow them the opportunity to maximize their success. Our top priority always remains client servicing, we do not believe in creating rigid processes for our customers. We offer fully customizable plans and services for our customers suiting their needs and requirements.

We use latest Technologies

At Eureka we use cutting-edge technology to meet client requirements such as customized online trading platforms among other services. We also make sure that your needs, forever evolving with the growing market, is always on our radar. We understand that Trading is all about Timing and hence we provide super fast trading across Equities, Derivatives, Currencies, investment in Mutual Funds and IPOs, etc.

Mission & Values

Mission

"Our mission is wealth creation for our investors through innovative products, trade, investment strategies and personalized services"

Values

Our core value revolves around "TRUST" which sets us apart from other players in the industry

Transparency

Disclosing full terms and
agreements; no hidden information

Reliability

Honoring commitments with utmost
ethical and honest practices

User-friendly

Customer focussed procedures and one-stop
portal for a hassle free investment

Service

Skilled and motivated team to
serve our customers better

Thriving

Growing and thriving forward
through client's prosperity

Corporate Structure

Today we are a well diversified financial services company offering motley of financial products and services to cater to the distinct needs of its clients. The group is structured and operated through its following associates:

Accolades

  • Runner Up, Highest Net Sales DSP BLACKROCK Fund of Funds Schemes- East Zone, 2013
  • NSDL Star Performance awards 2013 in New Accounts Opened (Non-Bank Category) and Account Growth rate (Top DP category)
  • Gold certificate of Appreciation by HDFC Deposits, for outstanding contribution in mobilizing deposits, 2013
  • Platinum partner of Reliance Mutual Fund
  • Preferred partner of ICICI Prudential Mutual Fund, 2012
  • Achiever in UTI leadership Fund NFO, UTI Mutual Fund
  • Preferred partner of Tata Asset Management Ltd
  • Super Star Silver Club, SBI Mutual Fund 2008
  • Appreciation for Highest ever collection in close ended category in UTI Infrastructure Advantage Fund NFO, 2007
  • Appreciation for support in success of Pramerica Midcap Opportunities Fund NFO, Pramerica Mutual Fund
  • PruICICI Chairman Award 2005 for outstanding sales performance in the Financial Advisor Category
  • Certificate of Appreciation for outstanding support from UTI Dividend Yield Fund, Kotak Indo World Infrastructure Fund and Birla Sun Life International Equity Fund

Milestones

  • 1992

    Eureka Stock and Share Broking Services Ltd was founded

  • 1997

    Mr. Paras Ram Somani took over the management of Eureka from its promoters

  • 2000

    Acquired clearing and trading membership of the derivative segments

  • 2001

    Became a Depository Participant with NSDL

  • 2003

    Became a member of NSE

  • 2004

    Became member of BSE

  • 2008

    Became a Depository Participant with CDS

Management Team


He is a Commerce graduate from St. Xavier's College, Kolkata. With a capital market exposure of 30 years, he commands great respect for his administrative skills and leadership capabilities. He has been instrumental in transcending and transforming the group into a well diversified financial services company.

He is responsible for the day to day operations in relation to risk management, surveillance and internal control. He is actively involved in broadening the Branch and Sub Broker network. Helping clients to sail smoothly through the market volatility is his forte and he assumes a vital role in building and developing strong customer relationship.

He is a Commerce graduate from St. Xavier's College, Kolkata. He is also a Chartered Accountant, Cost Accountant & DBF (ICFAI) with over 15 years of experience. He has provided dynamism and professionalism to the whole group. Mr. Rakesh Somani was the President of Associations of National Exchanges Members of India (ANMI) and the Chairman of Asian Forum for Investor Education (AFIE).He was also the member of Trading Advisory Committee of Bombay Stock Exchange (BSE). He is heading DP vertical of the Company and is responsible for Regulatory Compliances & controlling Finance. He oversees the Institutional Business and is responsible for development and growth of Institutional Clients.

Social Responsibility


Social Responsibility

The management of Eureka has been deeply involved in social service since the last five decades. Late Paras Ramji Somani, the Chairman of the Group, got associated with the Marwari Relief Society in 1972. Marwari Relief Society is a century old organization which runs hospitals in Kolkata, West Bengal and provides quality medical treatment at subsidized rate for the lesser fortunate. Late Paras Ramji Somani became the Hospital Secretary in 1982 and has been serving the patients and visiting them everyday till today. He also helped organize and set up an eye operation facility in the Hospital which conducted free eye operations for a certain span of time.

In 1980 he got associated with Shri Shiv Shakti Seva Samiti. He donated and helped in the arrangements for thousands of devotees visiting Gangasagar Mela & Tarkeshwar in West Bengal.

Besides this, the Management at Eureka had arranged for an eye operation camp in Pilani, Rajasthan. Patients were fetched from the interiors of Rajasthan where there were no Operation Theatres to the camp, operated and sent back carefully after proper care to their villages. 192 successful operations were conducted in this camp.

Mr. Rakesh Somani with Father Felix Raj
and other members of Snegum

Because of his dedication to Social work, Late Paras Ramji Somani has been felicitated by various organizations. Some of them include:
  • Life Time Achievement Award by Marwari Yuva Manch
  • Token of Appreciation by Shree Shiv Sakti Seva Samiti for devoted support
  • Honoured by Shri Kedia Sabha
  • Quami Ekta Award by All India Quami Ekta Manch, 2011
  • Preferred partner of ICICI Prudential Mutual Fund, 2012
  • Honoured by Shri B.K.Birla and Smt. Sarla Birla for exemplary social work in medical field, at an event organized by Anandlok Hospital
  • Felicitated by Lt Shri Jyoti Basu, Ex-Chief Minister of West Bengal, for dedication towards social work

Snegam Social Welfare and Resource Society addresses the educational needs of many underprivileged children. Mr. Rakesh Somani, wholetime director of Eureka Stock and Share Broking Services, is a part of the Snegam committee. Snegam aspires to promote girl education, support economically and socially backward students to continue with their education and enhance women's empowerment. Some of the noteworthy activities include:

  • Super Star Silver Club, SBI Mutual Fund 2008
  • Appreciation for Highest ever collection in close ended category in UTI Infrastructure Advantage Fund NFO, 2007
  • Appreciation for support in success of Pramerica Midcap Opportunities Fund NFO, Pramerica Mutual Fund
  • PruICICI Chairman Award 2005 for outstanding sales performance in the Financial Advisor Category
  • Certificate of Appreciation for outstanding support from UTI Dividend Yield Fund, Kotak Indo World Infrastructure Fund and Birla Sun Life International Equity Fund