P H Capital Ltd, originally established as H L Financial Consultants and Management Services Private Limited in 1973, is a notable firm in India's investment banking sector. The company transitioned to a limited company named Ficom Industries Ltd in 1994, subsequently going public via an IPO on the Bombay Stock Exchange. Renamed P H Capital Ltd in 2003, it shifted its primary focus from trading chemicals for various industries to investing in shares, securities, and mutual funds following the suspension of its trading activities in 1999-2000.
Since 2003, P H Capital has operated as a Non-Banking Financial Company (NBFC), with its main income derived from investments. As a pioneer in private sector investment banking in India, the company has evolved from its initial brokerage and merchant banking operations to focusing on strategic investments, leveraging its historical expertise and market presence.