Document Text Contents
Page 43
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Mr. A.K. Purvar – Board member since March 2008 – completed his Masters degree in
commerce from Allahabad University in 1966 and a diploma in Business Administration in
1967. Mr. Purwar joined the State Bank of India as a probationary officer in 1968, where he held
several important and critical positions in retail, corporate and international banking, covering
almost the entire range of commercial banking operations in his illustrious career. He also played
a key role in co-coordinating the work for the Bank's entry into the field of insurance. After
retiring from the Bank at end May 2006, Mr. Purwar is now working as Member of Board of
Governors of IIM-Lucknow, joined IIM–Indore as a visiting professor, joined as a Hon.-
Professor in NMIMS and he is also a member of Advisory Board for Institute of Indian
Economic Studies (IIES), Waseda University, Tokyo, Japan. He has now taken over as Chairman
of IndiaVenture Advisors Pvt. Ltd., as well as IL & FS Renewable Energy Limited. He is also
working as Independent Director in leading companyies in Telecom, Steel, Textiles, Autoparts,
Engineering and Consultancy.
MILESTONES KEY:-
• Incorporated on 18 October 1995 as probity research and services.
• Launched internet portal wwwindiainfoline.com in may 1999.
• Commenced distribution of personal financial products like MF’s and RBI’s
Bond in April 2000.
• Launched online trading in shares branded as www.5paisa.com in July 2000.
• Started life-insurance agency business in Dec. 2000 as corporate agent.
• Became a depository participant of NSDL in September 2001.
• Launched stock messaging services in May 2003.
• Acquired commodities broking license in March 2004 .
http://www.5paisa.com/
Page 44
P a g e | 44
History of India Infoline ltd.
We were originally incorporated on October 18, 1995 as Probity Research and
Services Private Limited at Mumbai under the Companies Act, 1956 with
Registration No. 11 93797. We commenced our operations as an independent
provider of information, analysis and research covering Indian businesses, financial
markets and economy, to institutional customers. We became a public limited
company on April 28, 2000 and the name of the Company was changed to Probity
Research and Services Limited. The name of the Company was changed to India
Infoline.com Limited on May 23, 2000 and later to India Infoline Limited on March
23, 2001.
In 1999, we identified the potential of the Internet to cater to a mass retail segment
and transformed our business model from providing information services to
institutional customers to retail customers. Hence we launched our Internet portal,
www.indiainfoline.com in May 1999 and started providing news and market
information, independent research, interviews with business leaders and other
specialized features.
In May 2000, the name of our Company was changed to India Infoline.com Limited
to reflect the transformation of our business. Over a period of time, we have
emerged as one of the leading business and financial information services provider
in India.
In the year 2000, we leveraged our position as a provider of financial information
and analysis by diversifying into transactional services, primarily for online trading
in shares and securities and online as well as offline distribution of personal
financial products, like mutual funds and RBI Bonds. These activities were carried on
by our wholly owned subsidiaries.
Our broking services was launched under the brand name of 5paisa.com through
our subsidiary, India Infoline Securities Private Limited and www.5paisa.com, the e-
broking portal, was launched for online trading in July 2000. It combined
competitive brokerage rates and research, supported by Internet technology
Besides investment advice from an experienced team of research analysts, we also
Page 85
P a g e | 85
BIBLIOGRAPHY
Books
David F, Swensen. 2005. Unconventional Success. A fundamental Approach to Personal
Investment Free Press 416
D.C. Anjaria. Dhaivat Anjaria. 2001 AMFI’s Mutual Fund Testing Programme.
Websites
WWW.GOOGLE.COM
WWW.YAHOO.COM
WWW.WIKIPEDIA.COM
WWW.INDIAINFOLINE.COM
WWW.AMFIINDIA.COM
WWW.MONEYCONTROL.COM
WWW.5PAISA.COM
WWW.SHAREMARKETBASICS.COM
http://WWW.SHAREMARKETBASICS.COM/
http://WWW.5PAISA.COM/
http://WWW.MONEYCONTROL.COM/
http://WWW.AMFIINDIA.COM/
http://WWW.INDIAINFOLINE.COM/
http://WWW.WIKIPEDIA.COM/
http://WWW.YAHOO.COM/
http://WWW.GOOGLE.COM/
P a g e | 43
Mr. A.K. Purvar – Board member since March 2008 – completed his Masters degree in
commerce from Allahabad University in 1966 and a diploma in Business Administration in
1967. Mr. Purwar joined the State Bank of India as a probationary officer in 1968, where he held
several important and critical positions in retail, corporate and international banking, covering
almost the entire range of commercial banking operations in his illustrious career. He also played
a key role in co-coordinating the work for the Bank's entry into the field of insurance. After
retiring from the Bank at end May 2006, Mr. Purwar is now working as Member of Board of
Governors of IIM-Lucknow, joined IIM–Indore as a visiting professor, joined as a Hon.-
Professor in NMIMS and he is also a member of Advisory Board for Institute of Indian
Economic Studies (IIES), Waseda University, Tokyo, Japan. He has now taken over as Chairman
of IndiaVenture Advisors Pvt. Ltd., as well as IL & FS Renewable Energy Limited. He is also
working as Independent Director in leading companyies in Telecom, Steel, Textiles, Autoparts,
Engineering and Consultancy.
MILESTONES KEY:-
• Incorporated on 18 October 1995 as probity research and services.
• Launched internet portal wwwindiainfoline.com in may 1999.
• Commenced distribution of personal financial products like MF’s and RBI’s
Bond in April 2000.
• Launched online trading in shares branded as www.5paisa.com in July 2000.
• Started life-insurance agency business in Dec. 2000 as corporate agent.
• Became a depository participant of NSDL in September 2001.
• Launched stock messaging services in May 2003.
• Acquired commodities broking license in March 2004 .
http://www.5paisa.com/
Page 44
P a g e | 44
History of India Infoline ltd.
We were originally incorporated on October 18, 1995 as Probity Research and
Services Private Limited at Mumbai under the Companies Act, 1956 with
Registration No. 11 93797. We commenced our operations as an independent
provider of information, analysis and research covering Indian businesses, financial
markets and economy, to institutional customers. We became a public limited
company on April 28, 2000 and the name of the Company was changed to Probity
Research and Services Limited. The name of the Company was changed to India
Infoline.com Limited on May 23, 2000 and later to India Infoline Limited on March
23, 2001.
In 1999, we identified the potential of the Internet to cater to a mass retail segment
and transformed our business model from providing information services to
institutional customers to retail customers. Hence we launched our Internet portal,
www.indiainfoline.com in May 1999 and started providing news and market
information, independent research, interviews with business leaders and other
specialized features.
In May 2000, the name of our Company was changed to India Infoline.com Limited
to reflect the transformation of our business. Over a period of time, we have
emerged as one of the leading business and financial information services provider
in India.
In the year 2000, we leveraged our position as a provider of financial information
and analysis by diversifying into transactional services, primarily for online trading
in shares and securities and online as well as offline distribution of personal
financial products, like mutual funds and RBI Bonds. These activities were carried on
by our wholly owned subsidiaries.
Our broking services was launched under the brand name of 5paisa.com through
our subsidiary, India Infoline Securities Private Limited and www.5paisa.com, the e-
broking portal, was launched for online trading in July 2000. It combined
competitive brokerage rates and research, supported by Internet technology
Besides investment advice from an experienced team of research analysts, we also
Page 85
P a g e | 85
BIBLIOGRAPHY
Books
David F, Swensen. 2005. Unconventional Success. A fundamental Approach to Personal
Investment Free Press 416
D.C. Anjaria. Dhaivat Anjaria. 2001 AMFI’s Mutual Fund Testing Programme.
Websites
WWW.GOOGLE.COM
WWW.YAHOO.COM
WWW.WIKIPEDIA.COM
WWW.INDIAINFOLINE.COM
WWW.AMFIINDIA.COM
WWW.MONEYCONTROL.COM
WWW.5PAISA.COM
WWW.SHAREMARKETBASICS.COM
http://WWW.SHAREMARKETBASICS.COM/
http://WWW.5PAISA.COM/
http://WWW.MONEYCONTROL.COM/
http://WWW.AMFIINDIA.COM/
http://WWW.INDIAINFOLINE.COM/
http://WWW.WIKIPEDIA.COM/
http://WWW.YAHOO.COM/
http://WWW.GOOGLE.COM/
