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The Ludhiana Stock Exchange Limited was established in 1981, by Sh. S.P. Oswal of
Vardhman Group and Sh. B.M. Lal Munjal of Hero Group, leading industrial luminaries,
to fulfill a vital need of having a Stock Exchange in the region of Punjab, Himachal
Pradesh, Jammu & Kashmir and Union Territory of Chandigarh. Since its inception,
the Stock Exchange has grown phenomenally. The Stock Exchange has played an important
role in channelising savings into capital for the various industrial and commercial
units of the State of Punjab and other parts of the country. The Exchange has facilitated
the mobilization of funds by entrepreneurs from the public and thereby contributed
in the overall, economic, industrial and social development of the States under
its jurisdiction.
Ludhiana Stock Exchange is one of the leading Regional Stock Exchange and has been
in the forefront of other Stock Exchange in every spheres, whether it is formation
of subsidiary for providing the platform of trading to investors, for brokers etc.
in the era of Screen based trading introduced by National Stock Exchange and Bombay
Stock Exchange, entering into the field of Commodities trading or imparting education
to the Public at large by way of starting Certification Programmes in Capital Market.
The vision and mission of Stock Exchange is:
"Reaching small investors by providing services relating to Capital Market including
Trading, Depository Operations etc and creating Mass Awareness by way of education
and training in the field of Capital Market.
To create educated investors and fulfilling the gap of skilled work force in the
domain in Capital Market."
Further, the Exchange has 295 members out of which 162 are registered with National
Stock Exchange as Sub-brokers and 121 with Bombay Stock Exchange as sub-brokers
through our subsidiary.
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LSE SALUTES ITS PRESIDENT/ CHAIRMEN VICE PRESIDENT/ VICE CHAIRMEN
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Sr. No.
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Name of the person
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Tenure
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1
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Sh. S.P. Oswal
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16.08.1983 to 27.07.1986
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2
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Sh. B.M. Lal Munjal
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28.07.1986 to 15.10.1989
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3
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Sh. V.N. Dhiri
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16.10.1989 to 30.10.1992
30.09.1998 to 04.10.2000
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4
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Sh. G.S. Dhodi
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31.10.1992 to 22.12.1993
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5
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Sh. Jaspal Singh
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23.12.1993 to 05.10.1995
01.10.1996 to 29.09.1998
06.10.2001 to 01.07.2002
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6
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Sh. M.S. Gandhi
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06.10.1995 to 30.09.1996
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7
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Sh. R.C. Singal
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05.10.2000 to 05.10.2001
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8
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Dr. B. B. Tandon, Chairman
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25.06.2007 to 10.12.2007
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9
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Sh. S.P. Sharma, Chairman
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15.07.2007 to 23.09.2008
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10
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Sh. Jagmohan Krishan
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23.09.2008 to 29.09.2009
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11 |
Prof Padam Parkash Kansal
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30.09.2009 to till date |
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Sr. No.
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Name of the person
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Tenure
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1
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Sh. Rajinder Verma
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14.07.1984 to 08.08.1987
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2
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Sh. B.K. Arora
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09.08.1987 to 15.10.1989
31.10.1992 to 22.12.1993
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3
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Sh. G.S. Dhodi
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28.10.1991 to 30.10.1992
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4
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Sh. B.S. Sidhu
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16.10.1989 to 27.10.1991
23.12.1993 to 05.10.1995
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5
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Sh. D.P. Gandhi
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06.10.1995 to 26.09.1997
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6
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Sh. M. S. Sarna
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27.09.1997 to 29.09.1998
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7
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Sh. T.S. Thapar
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30.09.1998 to 04.10.2000
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8
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Sh. Tarvinder Dhingra
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05.10.2000 to 05.10.2001
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9
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Dr. Rajiv Kalra
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06.10.2001 to 01.07.2002
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10
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Sh. D.K. Malhotra, Vice Chairman
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025.06.2007 to 10.12.2007
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11
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Sh. Jagmohan Krishan, Vice Chairman
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15.07.2007 to 23.09.2008
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12
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Sh. Ravinder Nath Sethi
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23.09.2008 to 08.10.2008
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13
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Prof Padam Parkash Kansal
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09.10.2008 to 29.09.2009
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14 |
Sh. Joginder Kumar
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30.09.2009 to till date |
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LSE has a strong governance and administration, which encompasses a right balance
of Industry Experts with highest level educational background, practicing professionals
and independent experts in various fields of Financial Sector. The administration
is presently headed by Sr. General Manager CUM Company Secretary and team of persons
having indepth knowledge of Secretarial, Legal and Education & Training.
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The Governing Board of our Exchange comprises of eleven members, out of which two
are Public Interest Directors, who are eminent persons in the fields of Finance
and Accounts, Education, Law, Capital Markets and other related fields, Six are
Shareholder Directors, and Three are Broker Member Director and the Exchange has
four Statutory Committees namely Disciplinary Committee, Arbitration Committee,
Defaults Committee and Investor Services Committee. In addition, it has advisory
and standing committees to assist the administration.
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LSE has a Code of Conduct in place that governs the elected Board Members and the
Senior Management Team. The same is monitored through periodic disclosure procedures.
The Exchange has an Ethics Committee, which looks into any issue of conflict of
interest and has in place general code of conduct for the Senior Officials.
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The composition of the Governing Board is as under:-
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Sr. No.
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Name of Director
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Category
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1
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Prof. Padam Parkash Kansal
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Chairman
(Shareholder Director)
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2
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Sh. Joginder Kumar
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Vice Chairman
(Shareholder Director)
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3
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Dr. Ravinder Nath Sethi
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Shareholder Director
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4
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Sh. Satish Nagpal
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Shareholder Director
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5
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Sh. Ashok Kumar
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Shareholder Director
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6
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Sh. Varun Chhabra
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Shareholder Director
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7
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Dr. Raj Singh
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Registrar of Companies (Public Interest Director)
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8
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Sh. Ashwani Kumar
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Public Interest Director
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9
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Sh. T. S. Thapar
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Trading member Director
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10
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Sh. Sunil Gupta
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Trading Member Director
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11
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Sh. Sanjay Anand
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Trading member Director
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1. “LSE” brand is popular among masses. The brand image of LSE can be capitalized.
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2. We have requisite infrastructure for the Capital Market activities which includes
a multi-storeyed, centrally air conditioned building situated in the financial hub
of the city i.e. Feroze Gandhi Market. |
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3. We have well experienced staff handling operations of Stock Exchange. |
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4. We have competent Board and professional management.
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5. We have much needed networking of sub brokers in the entire region, who are having
rich experience in Stock Market operations for the last 25 years.
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6. We have more than 40,000 clients spread across Punjab, Himachal Pardesh, Jammu
& Kashmir and adjoining areas of Haryana and Rajasthan.
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7. The turnover of our subsidiary is the highest amongst all subsidiaries of Regional
Stock Exchanges in India. |
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The Exchange building is situated at Feroze Gandhi Market, Ferozepur Road, Ludhiana.
It is a six storeyed building, which is centrally air-conditioned. The building
has 262 rooms, which are located on various floors ranging from second to fifth.
The first floor of the building houses the administrative office and rooms from
second to fifth floors have been leased out to brokers. The first floor also has
canteen and banking facilities. Investor Service Centre is also located at first
floor which houses a well-equipped library and view-terminals to provide “live”
rates of NSE and BSE to investors. Investors are also provided with Cable TV for
the purpose of viewing the latest happenings in the Capital Market and around. Basement
of the building has air-conditioning plant and Generators to provide air-conditioned
environment and twenty-four hours power back up.
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The Exchange has also an additional plot of land measuring 2333 sq. yards in the
prime location of city, to enhance its infrastructure and source of income.
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Due to Nation wide reach of bigger Stock Exchanges, the trading volumes at Ludhiana
Stock Exchange declined and ultimately, the trading stopped in February, 2002, but
the Stock Exchange converted the threat of bigger Exchanges into opportunities and
acquired the corporate membership of these exchanges through its subsidiary company
i.e. LSE Securities Limited.
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We have now been providing Trading Platforms of Bigger Stock Exchanges to the Investors
of the region. The vast network of Brokers of the Exchange is servicing millions
of Investors. The subsidiary company is also providing depository services in the
State of Punjab and Himachal Pradesh. The allied services like PAN Service Centre,
Investor Service Centres are also being provided at major locations of the region.
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The turnover of subsidiary is highest amongst all the subsidiaries of Regional Stock
Exchanges. The growth of subsidiary is swift and it has been providing a range of
services to the public at large such as Trading, Depository, IPO bidding collection
Centre. |
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The Company in its continuous endevour to provide qualitative services to its valued
clients, has started e-broking trading services for its clients, thereby increasing
the geographical reach of the company. |
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At present, Ludhiana Stock Exchange has 330 listed companies, out of which 214 are
regional and 116 are Non-regional. The total listed capital of aforesaid companies
is Rs. 3168.91 Crores appx. The market capitalization of the said companies is more
than Rs. 3372.34 crores. The Stock Exchange is covering the vast investor base through
the listing of abovesaid companies, which are situated in the region comprising
of Punjab, Himachal Pardesh, Jammu & Kashmir, Chandigarh.
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Despite the fact, the implementation of SEBI (Delisting of Securities) guidelines,
2003 has resulted into the Delisting of good companies listed at Exchange, however
still there are leading Companies listed with our Exchange, notable among them are
United Breweries Limited, Vardhman Acrlyics Limited, SMC global securities limited,
Himachal Futuristic Communications Limited etc.
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Ludhiana Stock Exchange has facilitated the capital generation for agro based industries
as Punjab is a agricultural led economy. It will continue to do so, once it gets
approval for a tie up with bigger Exchanges for commencing trading operations.
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The Exchange has been providing a variety of services for the benefit of investing
public. The services include Investor Service Centres, Investor Protection fund
and Investor Educational Seminars.
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(i).Investor Service Centres
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The Exchange has set-up Investor Service Centres at various DP branches of its subsidiary
for providing information relating to Capital Market to the general public. The
Centres subscribe to leading economic, financial dailies and periodicals. They also
store the Annual Reports of the companies listed at the Stock Exchange. The Investor
Service Centres are also equipped with a Terminal for providing “live” rates of
trading at NSE and BSE. A large number of the investors visit the centres to utilize
the services being provided by the Exchange.
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(ii).Investor Awareness Seminars
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The Exchange has been organizing Investor Awareness Seminars for the benefit of
Investors of the region comprising State of Punjab, Himachal Pradesh, Jammu & Kashmir,
Chandigarh and adjoining areas of Haryana and Rajasthan. This massive exercise of
organizing Investor Awareness Seminars has been launched as a part of Securities
Market Awareness Campaign launched by SEBI in January, 2003. The Exchange apprises
the investors about Do’s and Don’ts to be observed while dealing in Securities Market.
Till date, Exchange has organized more than 200 workshops in the region mentioned
above.
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(iii).Website of the Exchange: www.lse.co.in
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The Exchange has its own website with the domain name www.lse.co.in. The website
provides valuable information about the latest market commentary, research reports
about companies, daily status of International markets, a separate module for Internet
trading, information about listed companies and brokers and sub-brokers of the Exchange
and its subsidiary. The website also contains many useful links on portfolio management,
investor education, frequently asked questions about various topics relating to
Primary and Secondary Market, information about Mutual Funds, Financials of the
Company including Quarterly Results, Share Prices, Profit and Loss Accounts, Balance
Sheet and Many More. The website also contains daily Technical Charts of various
scrips being traded in BSE and NSE.
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LSE has carved out its unique position among the Stock Exchanges of the country
for the Knowledge Management. It has set up an Education and Training Cell and the
same has emerged as a leading facility in various Financial Services in India. The
Exchange has been conducting a unique certification programme in Capital Market
in association with Centre for Industry Institute Partnership Programme Panjab University,
Chandigarh for the last three year. This programme has widened the horizons of participants
vis-à-vis Capital Market Operations as practical skill based knowledge is provided
by Stock Brokers, Stock Exchange Officials, Professors of Finance and Business Management
and above all Professionals working in different areas of Capital Market. We have
completed series of batches of this programme and we now want to scale up this programme
and are planning to launch various other programmes on areas relating to Securities
Market.
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We have edge over others as far as Education and Training in Financial Services
is concerned due to following factors:
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a. Directly connected with the Industry as Regional Stock Exchange.
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b. Connected with large base of Investors as they use the Stock Exchange as a Trading
Platform for their liquidity needs
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c. Presence in the region of Punjab, Himachal Pradesh, Jammu & Kashmir and Chandigarh
through our branches Network and the area being under the jurisdiction of our Exchange.
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d. Already running Certification programmes in Capital Market successfully.
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e. Continuously holding Investor Awareness Programmes for Investors & Investor Groups
through association with Brokers, Sub-brokers, Colleges, Universities and Consumer
Groups.
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