Tulsian PMS Limited was originally incorporated as 'Narmada Appliances Private Limited' on October 29, 1991, vide Certification of Incorporation issued by the Registrar of Companies, Maharashtra. Subsequently, on July 14, 2017, Company changed its name to Tulsian PMS Private Limited', dated July 24, 2017 issued to Company by the RoC, Mumbai. Then after, Company became a Public Limited Company, and the name changed to Tulsian PMS Limited', and a fresh Certificate of Incorporation dated September 20, 2023 was issued by the RoC, Mumbai.
Tulsian PMS Limited is a financial service company offering portfolio management services to its domestic clients and is engaged in proprietary wealth management. The Company obtained registration with SEBI as portfolio manager in year 2017. Under the portfolio management services, currently the Company is offering only discretionary PMS services to high-net-worth individuals and corporate houses/entities. Under the wealth division, it strategically invests the cash profits generated from the PMS division in cash and derivative segments of equity market. The choice as well as the execution of the investment decisions rest solely with the investor and the trade is carried out by the portfolio manager.
Under SEBI PMS regulations, a registered portfolio manager can offer discretionary or non-discretionary or advisory services or a combination thereof to its clients. In case of discretionary portfolio services, the investment and decisionmaking process rests solely with the fund manager. A non-discretionary portfolio manager manages the funds with the directions of client. Under Advisory service, the portfolio manager suggests the investment options.
To market the products to clients, Company utilize a distribution network consisting of PMS distributors across India. They are having digital operational process for opening of an account, client approvals and investment transactions and onboarding process etc.
The Company is proposing the IPO of issuing 11,41,100 Equity Shares by raising money from public aggregating to Rs 133.51 Crore thru' Offer for Sale.