Secmark Consultancy Limited was originally incorporated as a Private Limited Company on August 03, 2011, under the provision of Companies Act, 1956 and subsequently the Company got converted into Public Limited Company pursuant to the approval of Shareholders` Resolution passed at an Extra-Ordinary General Meeting held on January 28, 2020. Consequently, name of the Company was changed from SecMark Consultancy Private Limited to SecMark Consultancy Limited and fresh Certificate of Incorporation dated March 02, 2020, was issued by Registrar of Companies, Mumbai, Maharashtra.
The Company is offering Consulting, Technology and Outsourcing services to leading financial market participants. The Company has business services in the areas of Regulatory Compliance, Operations, Risk Management, Outsourcing, Software Development, etc., to more than 250 financial market participants and others. The clients primarily include Stock and Commodity Brokers, Depository Participants, Stock Exchanges, Wealth Managers, Alternative Investment Funds, Research Analysts, Insurance Companies, Insurance Brokers, Corporate Agents, Portfolio Managers, Investment Advisors, NBFCs, Banks, etc.
The Company`s product range include, OIMS (Order Instruction Management System - oimsonline.com); Compliancesutra (A complete cloud based compliance product suite - compliancesutra.com) and E-Learning product. OIMS is a unique SMS based application that allows seamless flow of orders from advisors, to clients and from clients to their broker, while maintaining complete trail and evidence of order placement. Compliancesutra mean a business app to manage one`s compliances, audits, assign tasks and monitor the teams. E-Learning product is implemented for a free annual financial literacy test for school students. This product suite is used by National Center for Financial Education to create curriculum, add questions, make test papers, take tests and issue certificates.
The Company has developed applications and capabilities around automation of workflow process to manage compliance, audit, work force management, regulatory reporting processes, e-learning / online examination etc. Also, the Company embarked on a transformation strategy with future growth that will primarily be driven by technology related services. To execute on this strategy, Company has already hired a multiple critical resources and consultants and will continue to hire more senior leaders from the industry who will create the breadth and depth of experience to manage and drive this technology focused transformation of the Company. The track record of delivering solutions to complex business problems backed by demonstrable industry and technology expertise helped the Company to forge strong relationships with their clients. The Company has been focusing on acquiring new customers through direct and indirect channels. The Company continue to leverage contacts with existing clients and strengthen marketing & sales team, who would be focused on growing business and revenues.
During the year 2019, markets on Cloud Private Limited became 100% Subsidiary of the Company on 15th March 2019.