Prudent Corporate Advisory Services Ltd
Prudent Corporate Advisory Services Ltd (PRUDENT)

Prudent Corporate Advisory Services Ltd (PRUDENT)

₹730.21.19%

Key Stats

₹701
Day's Price Range
₹750
₹460.95
52-Week Price Range
₹750
1 Month Return20.02 %
3 Month Return47.79 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 2
37.36
EPS
Rank 2
₹19.3
BVPS
Rank 1
₹1524.59
Dividend Yield
Rank 2
ROE
Rank 2
23.47%
Price To Book Ratio
Rank 1
0.47
Debt To Asset
Rank 1
0.44

Company Information

Prudent Corporate Advisory Services Ltd. was incorporated on June 4 2003 as Prudent Corporate Advisory Services Limited as a Public Limited Company under the Companies Act 1956 pursuant to a Certificate of Incorporation issued by the RoC. The Company commenced its operations pursuant to a Certificate for Commencement of Business dated June 20 2003 issued by the RoC.The Company is an independent retail wealth management services group in India and is amongst the top mutual fund distributors in terms of average assets under management AAUM and commission received. It offer a technology enabled comprehensive investment and financial services platform with endtoend solutions critical for financial products distribution and presence across both online and offline channels. The Company has provided wealth management services to 1351274 unique retail investors through 23262 MFDs on businesstobusinesstoconsumer B2B2C platform and is presently spread across branches in 110 locations in 20 states in India. Owing to a large network of MFDs it facilitate AMCs access to smaller cities especially in the B30 markets. Apart from this it distributes life and general insurance products in India through its wholly owned subsidiary Gennext.In 2000 the Company started offering financial services in the name Prudent Fund Manager.In 2003 the Company obtained ARN to provide Mutual Fund Distribution Services to clients.In 2006 the Company launched Partner Network.In 2010 the Company launched Property Advisory /Distribution services.In 2016 the Company obtained SEBI RIA licence to provide Investment Advisory services. It obtained the PFRDA Point of Presence license for NPS Distribution. In 2017 the Company launched NPS on Fundzbazar.During the year 2017 the Company received RERA Real Estate Agent License in Gujarat and Maharashtra and also launched Online paperless empanellment for Mutual Fund Distributors. In 2018 the Company further launched Fundzbot on Fundzbazar and launched Prudent Private Wealth and fixed income investment options bond investing on Fundzbazar in 2019.In 2020 the Company obtained registration from SEBI to act as a stock broker under the SEBI Stock Brokers Regulations. It started offering unlisted equity bonds structured products distribution of PMS/ AIFs products and private wealth management services.In 2021 the Company launched stock broking on Fundzbazar. Besides this it obtained RERA Real Estate Agent License in Karnataka.The Company received awards accreditation and recognition during the year as summarized below:In 2009 the Company was awarded for the Best Performing Regional Financial Advisor West by UTI Mutual Fund and CNBCTV 18 at the Financial Advisor Awards 200809.In 2010 the Company received award for the Best Performing Regional Financial AdvisorWestby UTI Mutual Fund and CNBCTV 18 at the Financial Advisor Awards 2010.In 2012 the Company bagged award for the Best Performing Regional Financial AdvisorWestby UTI Mutual Fund and CNBCTV 18 at the Financial Advisor Awards 2012.In 2013 the Company was awarded for Best Performing Regional Financial Advisor West by UTI Mutual Fund and CNBCTV 18 at the Financial Advisor Awards 201213.In 2014 the Company was awarded for Best Performing Regional Financial Advisor West by UTI Mutual Fund and CNBCTV 18 at the Financial Advisor Awards 201314.And in the year 2020 the Company received You I Excellence Award 2020 for Highest Overall AUM National Distributor by Kotak Mutual Fund.
OrganisationPrudent Corporate Advisory Services Ltd
HeadquartersAhmedabad
IndustryFinance