COMPANY PROFILE

Indiabulls Securities Ltd is India's leading capital markets company

with All-India Presence and an extensive client base. The company is
engaged in the securities brokerage industry. They provide range of
services to their clients in securities brokerage, including equities,
commodities, wholesale debt, futures and options, depositary services,
research services, insurance, initial public offering (IPO), and mutual
fund distribution. They have a pan India presence with a network of
123 branches spread across 70 cities. The company's primary business
activity is to carry on business of stock and share broker on National
Stock Exchange of India Ltd and Bombay Stock Exchange Ltd, and
other related ancillary services. They are a depositary participant with
the National Securities Depository Ltd (NSDL) and Central Depository
Services (India) Ltd (CDSL) for settlement of dematerialized shares.
They perform clearing services for all securities and commodities
transactions. The company is the first and only brokerage house in
India to be assigned the highest rating BQ-1 by CRISIL. They
possesses state of the art trading platform, best broking practices and is
the pioneer in trading product innovations. Power Indiabulls, in-house
trading platform, is one of the fastest and most efficient trading
platforms in the country. Their subsidiaries include Indiabulls
Commodities Limited, Devata Tradelink Ltd, Indiabulls Distribution
Services Ltd and Indiabulls Brokerage Ltd. Indiabulls Securities Ltd
was incorporated on June 9, 1995 as a private limited company with the
name GPF Securities Pvt Ltd. The name of the company was changed
to Orbis Securities Pvt Ltd on December 15, 1995 to change the profile
of the company and subsequently due to the conversion of the company
into a public limited company, the name was further changed to Orbis
Securities Ltd on January 5, 2004. The name of the company was again
changed to Indiabulls Securities Ltd on February 16, 2004 so as to
capitalize on the brand image of the term 'Indiabulls' in the company
name. During the year 2007-08, pursuant to a court approved
composite scheme of arrangement inter-alia between the company,
Indiabulls Financial Services Ltd and Indiabulls Credit Services Ltd
and their respective shareholders and creditors, the securities broking
and advisory business of Indiabulls Financial Services Ltd comprising
of business providing advisory business with respect to risk
management, equity analysis and securities data management,
securities brokerage including equities, wholesale debt, futures and
options, depository services, research services, mutual fund and IPO
distribution its clients which Indiabulls Financial Services Ltd carries
on by itself and through their subsidiaries including the company, a
registered member of the BSE and NSE and Indiabulls Commodities
Pvt Ltd which is a member of National Commodities Derivatives
Exchange of India and Multi Commodity Exchange and operates the
business of an intermediary for trading in securities and derivatives was
transferred by the way of de-merger and vested with the company. The
de-merger of Indiabulls Securities Ltd was effective form December
24, 2007. As per the scheme, every shareholder of Indiabulls Financial
Services Ltd as on January 8, 2007, received a share of Indiabulls
Securities Ltd. In January 9, 2008, the company incorporated Devata
Tradelink Ltd as a subsidiary company. The equity shares of the
company were listed on National Stock Exchange of India Ltd and
Bombay Stock Exchange Ltd with effect from April 2, 2008 and GDRs
were listed on Luxembourg Stock Exchange with effect from July 16,
2008. During the year 2008-09, the company formed wholly owned
subsidiary company namely Indiabulls Brokerage Ltd. During the year
2009-10, the company formed a wholly owned subsidiary company,
namely, Indiabulls Distribution Services Ltd. They opened 58,224 new
equity trading accounts during the year. Also, they added 8,612 new
trading accounts for commodities during the year. In December 2009,
they created a full fledged division for institutional sales. The company
is focused on building a long term stable business with emphasis on
retail brokerage that does not rely on highly-leveraged trading clients.
Their position will be further strengthened by the set-up of their
Institutional Equity business and their future foray into Portfolio
Management, Wealth Management and Investment Banking.