Master Trust Limited was incorporated as a Private LimitedCompany under the name and style of Arora financial ConsultantsPrivate Limited on 20.08.1985 with Registrar of CompaniesPunjab H.P and Chandigarh at Jalandhar. The name and status ofthe company was changed to master Trust Limited on 30th March1992 and the Company got the fresh certificate of incorporation.The matter regarding change of name from Master Trust Limited toPrime Trust Limited is pending with Department of Companyaffairs. The original promoter of the company was Sh.HarjeetSingh Arora. In the year 1992 Sh. R.K.Singhania joined asdirector and co-promoter. At present Harjit Singh Arora andMr.R.K.Singhania may be deemed to be promoters of the company.They are professionally qualified assisted by a team of youngexecutives having experience in their respective fields.There has been no change in management of the company sinceincorporation except Mr. R.K.Singhania joining as Co-Promoter inthe year 1992.The company is established with the main objects to provide thecorporate services and dealing in shares and securities. thecompany is actively involved in Merchant banking activitiessince inception and has provided the Merchant Banking services /corporate services to various group viz.Punjab Alkalies & Chemicals Ltd. Punjab Chemicals andPharmaceuticals Ltd. Punjab Communications Ltd. Vardhman Groupof Companies Thapar Ispat Group of Companies jindal StripsLimited Prakash Industries Limited Surya Roshni Limited OswalAgro Group of Companies Varinder Agro Group of CompaniesArihant Group of Companies dhillon group of CompaniesShreyans Paper Mills Limited Organic chem Oils Limited VallabhSteel Ltd Samana Steel Ltd Ritesh Group of Companies AlphaDrugs Ltd. Tokyo Plast International ltd. Herman Milk FoodsLtd. Century Sheet metals ltd. Vee kay Fibres ltd. TelephoneCables Ltd. etc.With the introduction of Securities and Exchange Board of India(SEBI) the company has been accorded Category - I Merchantbanker status w.e.f 01.02.1993 by SEBI. Since then the companyhas been engaged in the merchant banking Activities whichincludes management of public issues / right issues in thecapacity of lead managers / C0-managers/ Advisors and tounderwriting the issues.SUBSIDIARIES OF THE COMPANYThe Company has subsidiary in the name of Master CapitalServices (P) Ltd. to carry out the activities of Stock brokingand other financial services. This company was incorporated on25.04.1994 and has a paid up capital of Rs.101.40 Lacs As on 31.08.94.
| Name | Position |
|---|---|
| Mr. Harjeet Singh Arora | Managing Director |
| Mr. Gurmeet Singh Chawla | Non Exe.Non Ind.Director |
| Mrs. Harneesh Kaur Arora | Non Exe.Non Ind.Director |
| Mr. Rajinder Kumar Singhania | Non Exe.Non Ind.Director |
| Mr. Pavan Kumar Chhabra | Ind. Non-Executive Director |