Shardul Securities Ltd., originally established in 1985 as Spotlight Trade & Finance, is a flagship entity of the Shriyam Group focused on investment banking activities. It transitioned from a lending-focused business to engaging in equity and debt investments, merchant banking, IPO funding, advisory services, and broking activities. The company gained SEBI registration as a category-I merchant banker in 1993, enhancing its role in issue management, handling rights and public issues in various capacities. Shardul Securities is a member of the National Stock Exchange, with its membership transferred to its subsidiary, Shriyam Broking Intermediary.
The company expanded its operations by establishing Shardul Commodities International Limited for commodity trading and acquiring a 32% stake in Antique Stock Broking Ltd. In 2012, it divested its interest in Shardul Energy Limited, altering its subsidiary holdings. The establishment of Shriyam Broking (IFSC) Private Limited in 2016 further reflects its commitment to diversifying and strengthening its market presence.
