SBICAPSEC is the 100 per cent subsidiary of SBI Capital Markets Limited, which has a share holding of 86.16 per cent by State Bank of India
and Asian Development Bank, which owns 13.84 per cent.
SBICAPSEC was formed to take over the broking operations of SBI Capital Markets in the first quarter of financial year 2006-07. SBI Capital Market commenced the broking services in March 2001 and caters to meet the secondary market needs of the largest financial institutions as well as individual retail investors.
Currently the services offered by SBICAPSEC includes institution equity, retail equity, derivatives, broking, depository Participant services, e-broking.
AP Verma is the chairman of SBICAPSEC. Having joined SBI in 1975, he has over 32 years of experience in banking sector and has held important positions in the public sector bank.
Satish Moreshwar Joshi is the Managing Director of the Company.
He joined State Bank of India
in 1974 as a Probationery Officer and has had various critical assignments including as Controller of several modules of the Bank.