| Our Company was incorporated as "Satyam Fiscal Services Private Limited" on June 6, 1989 as a private limited company under the Companies Act, 1956. The name of our Company was changed to "Microsec Financial Services Private Limited" and a fresh certificate of incorporation dated October 17, 2005 was issued by the Registrar of Companies, West Bengal at Kolkata. The name of our Company was further changed to Microsec Financial Services Limited consequent upon the conversion of our Company to a public limited company and a fresh certificate of incorporation dated October 21, 2005 was issued by the Registrar of
Companies, West Bengal at Kolkata. The aforesaid changes in the name were made to reflect the nature of the business. Prior to its acquisition by the current Promoters on August 1, 2005, our Company was a financial services company and was engaged in the business of financing and investment management. Our Company was registered with the RBI as a NBFC since January 29, 2003, but did not have significant operations. As a part of the financing activities, our Company was engaged in the business of providing loans. As at March 31, 2005 (the date of the last audited financing statements prior to acquisition by the current Promoters) and at
March 31, 2004 respectively, the loans and advances of our Company were Rs. 8,176 and Rs. 6,189,182. Further, for the fiscal years ended March 31, 2005 and March 31, 2004, respectively, our Company earned an aggregate income of Rs. Nil and Rs. 27,000 respectively from this business.
As a part of the investment management activities, our Company was engaged in the business of trading in securities. For the fiscal years ended March 31, 2005 and March 31, 2004, respectively, our Company earned an aggregate income of Rs. 35,000 and Rs. 6,000 respectively from this business. The profit before tax of our Company for the fiscal years ended March 31, 2005 and March 31, 2004,respectively, was Rs. 1,000 and Rs. 2,179, respectively.
The Promoters acquired the entire shareholding of our Company from the previous shareholders. On August 1,2005, 800,000 Equity Shares were transferred to Banwari Lal Mittal, and on October 1, 2005, 5,340 Equity Shares were transferred to LKPL, Abha Mittal, Prabhu Dayal Khaitan, Bharati Sharma, Ravi Kant Sharma and Sushila Devi Khaitan. The previous shareholders do not hold Equity Shares of our Company. Our Company also
held the entire shareholding of Microsec Capital Limited ("MCap") on November 24, 2005 and Microsec Resources Private Limited ("MRPL") on February 1, 2006. Since MCap, prior to its acquisition by our Company, held the entire equity share capital of Microsec Commerze Limited ("MCL") and Microsec Risk Management Limited (as it then was), on acquisition by our Company, MCL and Microsec Risk Management Limited (now Microsec Insurance Brokers Limited) became the indirect subsidiaries of our Company.
Further, MIL Technologies Limited (now renamed Microsec Technologies Limited as on March 17, 2008) held the entire shareholding of erstwhile Microsec Technologies Limited as on October 1, 2005 and the entire share capital of MIL Technologies Limited (now Microsec Technologies Limited) were held by Our Company on March 30, 2006 respectively. The erstwhile Microsec Technologies Limited was merged with MIL Technologies Limited (now known as Microsec Technologies Limited) Microsec Technologies Limited ("MTL") acquired the entire shareholding of PRP Technologies Limited on February 9, 2009. On acquisition by
the MTL, PRP Technologies became the indirect subsidiary of our Company.
Shringar Vinimay Private Limited ("SVPL") became a wholly owned subsidiary of our Company with effect from February 26, 2009. Subsequently, on March 1, 2009, SVPL was merged with our Company.
The Microsec Group operates in the financial services sector since fiscal 2000 through Microsec Capital Limited (then known as Microsec India Limited). Microsec Capital Limited, Microsec Resources Private Limited, MIL Technologies Limited (now Microsec Technologies Limited), Microsec Insurance Brokers Limited and Microsec Commerze Limited became Subsidiaries of our Company pursuant to the acquisition of our Company by the Promoters and the subsequent reorganization of the business of investment banking, equity and commodities brokerage, depository participant, wealth management, insurance financial advisory, financing services, wealth management and insurance broking under a consolidated entity.
AWARDS
Company having an AatmaNirbhar App and became Part of Digital India
-SastaSundar app has been mentioned by the Government of India as one of India's best AatmaNirbhar App in the latter's `Digital India AatmaNirbhar Bharat App Innovation Challenge
-a) Best E-commerce in Health Care (Times Business Awards 2019)
-b) Recognition as a Winner by Deloitte Technology Fast 50 India 2018 Program
-c) Start-up of the Year (Times Men of the Year, Kolkata, 2018)
2003
-Our Company was registered as an NBFC (not accepting public deposit) with RBI
2006
-Ravindra Shelter Limited was merged with our Company.
2009
-Shringar Vinimay Private Limited was merged with our Company.
2003
-MCL was registered as a trading-cum-clearing member with NCDEX
-MIBL was registered as a insurance broker with IRDA
-MCap was registered as a mutual fund advisor with AMFI
-MCap was registered as a merchant banker in the category-I with SEBI
-MCap was registered as a member of future and option segment with NSE
2004
-MCL was registered as a trading-cum-clearing member with MCX
2005
-MCap was registered as a stock broker with BSE
- MCap was registered as a depositor participant with NSDL
-Amalgamation of MTL with MIL Technologies Limited
2006
- MRPL was registered as a non banking financial institution not accepting public deposit
with RBI
- MCap was registered as a self clearing member with NSE
- Amalgamation of Kautilya Advisory Private Limited with MCap
2007
-MCap was registered as a member of future and options segment with BSE
-MTL was registered as a 100% export oriented unit with the Software Technology Park,Kolkata
-MCap was registered as a depository participant with CDSL
-MCap was registered as a portfolio manager with SEBI
-MCap was certified as ISO 9001:200 company by Moody International Certification Limited
2008
-MCap was registered as a trading member with NSE in respect of currency derivative segment/ clearing corporation/ clearing house.
2011
-The Company has recommended a dividend at Rs. 1.00 per equity share of Rs. 10/- each i.e. 10%.
2012
-The Company has recommended a dividend at Re. 1.00 per equity share of Rs. 10/- each i.e. 10%
2013
-Microsec Financial Services Ltd has won ICAI Awards for Excellence in Financial Reporting' for the year 2013.
2016
- Microsec Financial Services Ltd. shall be changed to Sastasundar Ventures Ltd. and symbol be changed from MICROSEC to SASTASUNDR w.e.f. November 22, 2016.
2021
-"SastaSundar.com won "Best Online Pharmacy-National Level Award" at The Economic Times Healthcare Award 2021".
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