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The Vision

“To be a shining example

as a leader in innovation

and the first choice

for clients & employees”

Institutions

Private Clients

Priority Clients

Non Resident

Clients

Equity Capital Market

– IPOs / FPO / QIB

Private Equity / Advisory

M&A

Debt Raising, Syndication

and Restructuring

Equities

Derivatives

Bonds

Mutual Funds

Commodities

Insurance

Mumbai, Delhi, Kolkata, Chennai,

Bangalore, Hyderabad, Dubai,

Bangkok and Singapore

Mumbai, Delhi, Chennai, Kolkata,

Bangalore, Hyderabad and Ahmedabad

Present at 400 locations

across India

Wealth

Management

Investment

Banking

Brokerage &

Distribution

PRIVATE & CONFIDENTIAL

Set up in 1994, 4000 people

19.9% stake held by Citigroup Venture Capital International (CVC)

Group Overview

Anand Rathi

Commodities Limited

Rathi Global

Finance

Anand Rathi

Insurance Brokers

AR Middle East

DMCC

Anand Rathi Share

and Stock Brokers

Corporate Structure

• Member - NSE

• Depository Participant

NSDL

• Member – NCDEX,

MCX & NMCE

• NBFC • Insurance

Broking

Member, Dubai

Gold & Commodities

Exchange

AR Venture Funds

Management

• Real Estate

Private Equity

PRIVATE & CONFIDENTIAL

• Member - BSE

• Depository Participant - CDSL

• Wealth Management

• Investment Banking

Anand Rathi

(International)

• International

Operations

Anand Rathi Financial Services Limited

Board of Directors

Amit Rathi, Managing Director

A rank holder Chartered Accountant and an MBA from Leonard N. Stern School of

Business, New York University joined the group in 1998. He was instrumental in

establishing the group's private wealth management and investment banking businesses.

Calling him a 'financial guru', the Times of India group, listed Amit in 2008 amongst the

top 51 young Marwaris in India (under the age of 40).

Pradeep Gupta, Co- founder & Vice chairman

With over twenty years experience in the securities market. Co-founder and key driver of

the Retail and Institutional Equities business of the group.

Anand Rathi, Founder & Chairman

A gold medalist Chartered Accountant and former President Bombay Stock Exchange (BSE).

A key executive of the Birla Group and the driving force behind the setting up of the Birla

Group's Cement and Financial Services business among others. And in the setting up of the

Online trading system and the Central Depository Services Ltd in India. With over 40 years

in the industry.

Board of Directors – Independent

Former Chairman of State Bank of

India. Director in Financial

Technologies (India). Director in

Sesa Goa Ltd. Director in SBI Funds

Management Pvt Ltd & the Multi

Commodity Exchange of India Ltd

and a M. A. in Economics

Former Chairman Securities & Exchange Board of

India (SEBI) and Deputy Director of the RBI.

Former Chairman Unit Trust of India (UTI).

Member of General Committees of Government of

India & Financial Reforms and Chairman CMIE 1998

till date. And a M. A. (USA) with Ph D in

Economics

Formerly Secretary in the Union

Ministry of Mines. Special Secretary &

Additional Secretary in the Ministry of

Coal. Resident Chief Information

Commissioner - AP (Right to

Information Act). Commissioner Civil

Supplies (AP). Chairman & MD, APSEC.

With a M .A.(History) and diploma

Management & Administration of Rural

Development (Birmingham, UK)

Managing Director Citi Venture Capital London

Over 17 years experience with Citi. Joined

CVC international in 2001. Worked on Strategy

and business development for Citibank in

CEEMEA region and managed Cash Management

Business for Citi in Poland and India. A B Tech

(IIT Delhi) and an MBA (IIM Ahmedabad)

P G Kakodkar, Director Dr. S A Dave, Director

Ajit Bhushan, Director C D Arha, Director

Key Business Heads

Rakesh Rawal, Head – Private Wealth

Previously Vice President, Private Wealth

Management, Deutsche Bank. With over 25 years

career in Wealth Management, he has held key

leadership roles in illustrious organisations like

Hindustan Lever and Ranbaxy Laboratories. A B

Tech (IIT-Kanpur) and MBA (Finance) from JBIMS

Amandeep S. Chahal, Head–Retail

During his 14 years of work experience,

Mr. Amandeep Chahal has worked with

Standard Chartered Bank, Citibank and

Yes Bank amongst others. Prior to

joining Anand Rathi in May 2006, he was

the Head of Yes Bank’s Retail operations

in the North. He is an MBA, from

Symbiosis Institute of Business

Management.

Key Business Heads

Ms. Priti Gupta, Executive Director – Commodities

Ms. Gupta was instrumental in setting up the commodity desk and in formulating the overall

strategy of the internal systems & processes, new products and innovation. She has lead the

advisory team for commodity exchanges across the world for Base Metals & Energy in particular

and was the driving force behind the group’s association with international counterparts NATIXIS

(an exclusive tie up in India) and Spread Co offering exposure to global markets. Prior to joining

the group she was Director with Navratan Capital & Securities P Ltd. (Member of National Stock

Exchange of India Ltd.). Ms. Gupta has done her FMB from S. P. Jain

Ms. Supriya Rathi, Director - Insurance

Ms. Rathi has 14 years of varied experience across financial services including 6 years

experience in Insurance Broking. Ms. Rathi was instrumental in setting up setting up a

Greenfield & profitable insurance brokerage operation for the group and has designed internal

systems & processes for marketing, research & claim management. She has been the driving

force in setting up the operational processes & interfaces with insurance companies and in

creating a nationwide team for servicing clients for their life & non-life insurance needs. Prior

to join the group in 1998 she has worked in Retail Banking and Equity Research.with leading

organizations like Hong Kong Bank, Asia Securities PCL (now part of ABN-Amro Bank), Solomon

Smith & Barnery (now part of Citigroup). She is an MBA (Finance) from Stern School of Business,

NYU

Awards and Accolades

Ranked #1 Pvt bank Domestic and # 2 Private Bank –Overall

by Asiamoney polls 2009.

We are consistently amongst the top 3 brokers in commodity

and currency segments on MCX, NSE and MCX-SX.

We are amongst the top 10 brokers on DGCX.

First to introduce structured products in commodities.

Recognition

Ranked as the no 1 Private Bank- Domestic & no 2- Overall by Asia Money 2009 polls.

Ranked 6th in FY2006 for All India Broker Performance in equity distribution in the High Networth Individuals (HNI) Category.

Ranked 9th in the Retail Category having more than 5% market share

Group History - Milestones 1994: Started activities in consulting and Institutional equity sales with staff of 15

1995: Set up a research desk and empanelled with major institutional investors

1997: Introduced investment banking businesses. Retail brokerage services launched

1999: Lead managed first IPO and executed first M & A deal

2001: Initiated Wealth Management Services

2002: Retail business expansion recommences with ownership model

2003: Wealth Management assets cross Rs1500 crores; Insurance broking launched; Launch of Wealth

Management services in Dubai; Retail Branch network exceeds 50

2004: Commodities brokerage and real estate services introduced; Wealth Management assets cross

Rs3000crores; Institutional equities business relaunched and senior research team put in place; Retail Branch

network expands across 100 locations within India

2005: Real Estate Private Equity Fund launched; Retail branch network expands to 200 locations within India

2006: AR Middle East, WOS acquires membership of Dubai Gold & Commodity Exchange (DGCX);

Ranked amongst South Asia's top 5 wealth managers for the ultra-rich by Asia Money 2006 poll; Ranked 6th in

FY2006 for All India Broker Performance in equity distribution in the High Networth Individuals (HNI) Category

Ranked 9th in the Retail Category having more than 5% market share; Completes its presence in all States

across the country with offices at 300+ locations within India

2007: Citigroup Venture Capital International picks up 19.9% equity stake; Retail customer base crosses 200

thousand; Establishes presence in over 450 locations

2009: Ranked #1 Private Domestic Asia Money polls 2009.

Brokerage & Distribution

Specialist teams providing best-of-breed research, execution and settlement through

branches nationwide

Licenses Member, BSE+NSE (Cash & Derivatives)

Depository Participant (CDSL & NSDL)

Member, NCDEX, MCX, NMCE (Commodities Exchanges)

Insurance Brokerage (IRDA)

Member, Dubai Gold & Commodities Exchange (DGCX)

MF Distribution (AMFI)

Cutting-edge technology support providing real-time access to clients through a

private broadband satellite network, leased links and the internet

PRIVATE & CONFIDENTIAL

Reaching out nationwide

Equities

Derivatives

Commodities

IPOs

Mutual Funds

Life & Non-Life Insurance

Depository Services

Bonds

Value-add services backed by independent research

teams

real-time support to clients

Brokerage & Distribution

Institutional clients including most leading Mutual Funds, Banks and Insurance Companies

Individuals, Families & Corporates across India

Non Resident Indians

Products Clients Size

Daily turnover in excess of Rs 15 bn

1,45,000+ clients nationwide

Leading distributor of Insurance, Mutual Funds & third party products

PRIVATE & CONFIDENTIAL

Pan India presence

Dubai Singapore

International Presence

Bangkok

Why Anand Rathi?

▪ Both domestic and International platform

▪ Dedicated Corporate Setup

▪ Regional penetration

▪ Research capability

▪ Offering tailor made solutions for specific exposure

The Anand Rathi Advantage

Client-centric philosophy, with focus on providing long term value addition to clients, maintaining highest standards of excellence, ethics and professionalism

We always strive to develop strong relationships with our clients nurtured by personal attention of senior management

We approach our clients holistically with the goal of balancing their strategic and financial objectives

Proficiency in rendering consistent high quality value added services

A senior product team of retail specialists who provide hands on support to Personal Investment Advisors for all products

Our Strengths – Corporate Client Servicing

Risk Management system

Trade execution/Dealing

Research

Operations

Memberships and Licenses

Our Team

Services to Clients

Trade Execution / Dealing

We recommend that clients appoint an authorized person for trading.

Tailor made hedging solution

Voice recording ensures transparency.

High execution speed of 1.25 second vs. an industry average of 5

seconds (source: Transaction Auditing Group).

State of the art online trading system

Research

Dedicated fundamental Research team for corporate guidance.

Publish variety of quality research reports

Sector specific

Macro Economic trends

Fundamental Reports – Daily, Weekly.

Technical Reports

Our excellent relationship with major market players gives us an edge over our

competitors in information collation

Regular Sector wise surveys enable us to have first hand information from ground

level

Success ratio of our positional calls is 70%

List of Research

Partnering with Corporate Clients

Our thrust is on developing long term mutually beneficial relationship

with corporates.

There is a separate team to cater to corporate clients requirements.

Provide dedicated Relationship Manager and dealer to our large

corporates.

Provide consultancy services in commodities to clients like HUL etc.

We serve more than 150 corporate clients across India in commodities

and currency segment.

DCM Shriram Consolidated Ltd

K.K.Birla group of

Sugar Companies

A glance at our Key Clients

Our Key Clients

KN Resources –

Itarsi Oils Ltd Ruchi Soya

Industries

Disclaimer

Past performance may not be indicative of future results!

Therefore, you should not assume that the future performance of

any specific investment or investment strategy will be profitable

or equal to corresponding past performance levels. Each

investment decision you make should be determined with

reference to the specific information available for such

investment, and not based upon the success of past

recommendations.

DISCLAIMER

This report has been issued by Anand Rathi Commodities Ltd (ARCL), which is regulated by FMC. The information herein was obtained

from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed

constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives related

to such securities ("related investments"). ARCL and its affiliates may trade for their own accounts as market maker / jobber and/or

arbitrageur in any securities of this issuer(s) or in related investments, and may be on the opposite side of public orders. ARCL, its

affiliates, directors, officers, and employees may have a long or short position in any securities of this issuer(s) or in related

investments. ARCL or its affiliates may from time to time perform investment banking or other services for, or solicit investment

banking or other business from, any entity mentioned in this report. This research report is prepared for private circulation. It does

not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may

receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment

strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be

realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise

or fall. Past performance is not necessarily a guide to future performance. Foreign currency rates of exchange may adversely affect

the value, price or income of any security or related investment mentioned in this report.

Thank you