Depository Participant

Product Description

Depositories are Government bodies which hold investment securities such as shares, bonds, and ETFs in an electronic format. In India, there are two main depositories — Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL), which work with different stock exchanges. A Depository Participant acts as a bridge between these depositories and the investor.

With a demat account in place, an investor can proceed with hassle-free electronic trading through the Depository Participants. Eureka Stock and Share Broking Services Ltd. is a partner to CDSL and NSDL, offering depository accounts for both individual investors and corporates. Here, you are promised efficient depository services by a team that is in the know of global trends and accelerates the settlement cycle.

Benefits of the eureka depository participant system

Automated pay-in option

Ease of transactions

Immediate transfer of ownership

Reduction of transaction costs

Minimum paperwork and zero stamp charges

Securities lending and account freezing/unfreezing

Highest Qualification

Work Experience (no. of years)

Highest Qualification

Work Experience (no. of years)

Ramesh Kumar Somani

Managing Director

A Commerce graduate from St Xavier’s College, Kolkata, with a capital market exposure of 40 years, Ramesh Kumar Somani 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.

Rajesh Kumar Somani

Chief Executive Officer

Responsible for the day-to-day operations in relation to risk management, surveillance, and internal control, Rajesh Kumar Somani 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 relationships.

Rakesh Somani

Wholetime Director

A Commerce graduate from St Xavier’s College, Kolkata, Chartered Accountant, Cost Accountant and DBF (ICFAI) with over 24 years of experience, Rakesh Somani provides dynamism and professionalism to the whole group. He was the President of Associations of National Exchanges Members of India (ANMI), Chairman of Asian Forum for Investor Education (AFIE), and member of the Trading Advisory Committee of Bombay Stock Exchange (BSE). He spearheads the DP vertical of the Company and is responsible for Regulatory Compliances and Controlling Finance. He oversees Institutional Business and is responsible for the development and growth of Institutional Clients.

Anurag Somani

Executive Director

He is a Rank Holder Company Secretary, Chartered Accountant, and commerce graduate from St. Xaviers College, Kolkata. He is the Executive Director of Eureka Stock & Share Broking Services Ltd, with over 12 years of experience in Capital Markets, Bond Markets, and Distribution of various financial products such as Mutual Funds, NPS, Bonds, PMS, Insurance, etc.

He started his career as a Tax Consultant in KPMG, Hyderabad, and thereafter joined Eureka as a Business Analyst. Now he is spearheading Eureka group’s efforts to expand its operations in the Financial Products domain.

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