Background
The promoters visualised the need to have a financial super market providing complete triangular services in equity, debt and forex markets. With a view to complete the third angle, Reserve Bank of India and Foreign Exchange Dealers Association of India (FEDAI) were approached for accredition as EXCHANGE BROKER. In the year 1992, the group was granted permission by FEDAI to offer interbank forex broking services.

Over the years, in line with the group's philosophy of learning and establishing new businesses, the forex broking business was established. The business was conducted in a proprietary firm as per the terms of accredition. FEDAI granted recognition in 1998 to the business being transferred to a limited company. Accordingly the forex broking business is transferred and conducted from Asit C. Mehta Forex Private Limited w.e.f. December, 1998.