Ajit Day, CMD of the Dayco Group started his career in 1963. He is known for his vast experience and knowledge on Capital Market that he gathered over a long era of changes.
Following family tradition of 100 years, he joined the traditional stock broking house, but soon emerged as a man of foresight. He entered into institutional stock-broking first from Eastern India early in 1970s. He also built the base of retail strength slowly and steadily.
With the opening of Indian Economy in 1990s, he started broking for Foreign Institutional Investors. He became Member of NASDAQ, USA by joining Board of Directors of Cantor Capital Corp., USA.
Dayco was corporatised in 1994 and under the leadership of Ajit Day, it acquired the Membership of National Stock Exchange and also became a Depository Participant under National Securities Depository Ltd, among the 1st from Eastern India. Dayco was also among the 1st to start Internet Trading in the country.
| Contribution in Indian Capital Market: |
- Ajit Day was the President of Calcutta Stock Exchange during 1990-1992 and CSE was practically untouched in the Gulf War, 1991 and Securities Scam, 1992. He was associated with Stock Exchange administration since 1985.
- He was a Member of the Executive Board of the National Stock Exchange Of India Ltd from 1995 to 1996.
- He has also been a Member of the Executive Committee of National Securities Depository Ltd from 1999 to 2001.
- In 1986, Ajit Day became a Member of the R.N. Bansal Committee for Reformation of Share Transfer Forms.
- In 1990, he headed the National Committee for Regulation of the Unregulated Market in India, known as Grey Market. The Committee's proposals have been accepted and implemented by the Government Of India, later by the Securities And Exchange Board Of India.
- In 1992, he became a Member of the Committee for introduction of the Stock Depository Trust in India.
- In 1995, he became a Member of the committee for implementation of the Depository System in the country, constituted by SEBI. The reports of the committee resulted in the formation and activation of National Securities Depository Ltd, the first Depository of the country.
- Mr. Day has been a Member of the SEBI-constituted committee for standards for certifications of persons who wish to join the executive cadre of any Capital Market intermediary. The commitee's recommendations have been the basis of certification examinations, such as NCFM.
- Mr. Day was a Member of the committee for study and verification of Off Market Deals, constituted by SEBI. He has also been a Member of the committee constituted by SEBI for Regulations of Negotiated Deals occurring in the Capital Market.
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Ashis Nundy, Director – Principal Officer of the Dayco Group, joined the business in 1999. Under his leadership Dayco spread its branches across West Bengal and other places.
Ashis Nundy has business experience since 1993. Being an Alumni of Don Bosco School, Park Circus and learning Business Administration from Administrative Staff College, Hydrabad, he worked in Phoenix Pulp & Paper Ltd, Thailand to gain business experience. He floated VOSMAT Products & Processing Ltd – a closely held company with foreign equity, that produced “Yuchika™” brand motorcycle batteries in collaboration with N.V. Battery Ltd., Thailand. The brand was marketed in western and northern parts of India beside local sales. The “Yuchika™” brand batteries were exported to several Europian countries including Germany and Italy. Ashis attended many leading trade fairs in Europe. He also associated himself with family business firm Matthews & Co., Principal Distributor of Escorts Yamaha Ltd. & Escorts JCB Ltd. in Eastern India, now of L&T Case.
Having a family tradition in business for three generations, Ashis understands business as his core area of expertise. He also believes any Bengali business house should grow to the maximum extent. He has worked hard to reach remote and built personal contact with the investing population, to create true value of their wealth. This philosophy has given an edge to Dayco, where none of its competitors exist. Dayco, beside its expertise and experience, and its background of honesty and trustworthiness, has added this philosophy of growth from grass root to its trademark.
Ashis is seen in most of the Investor Awareness Programmes in all remote areas. He is accessible to all and keeps himself busy in regular branch visits. The investors and branch officials know him as a straight person of sincere efforts.
Ashis Nundy had been on official tours to many international exchanges, namely – London Stock Exchange, Frankfurt Stock Exchange, Hongkong Stock Exchange, Shanghai Stock Exchange, Singapore Stock Exchange and Stock Exchange of Thailand among the leaders.
Father, Suryanarayan Nundy is the Co-Chairman of Eastern Wing of ASSOCHAM and had been the President of Bengal National Chamber of Commerce and Industries. Ashis Nundy himself has been Vice Chairman of Youth Committee of BNCCI and attended business delegation to China from the Chamber. He also takes active interest in promoting the Education & Healthcare Trust floated by the group.
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Aditi Day Nundy, Director-Compliance Officer of the Dayco Group is one of the founder Directors of Dayco Securities. The conversion of the parent partnership firm Dayco to corporate entity Dayco Securities, the computerization process since scratch, Membership of NSE and NSDL and the human resource development processes in the group have been among her career milestones. She had led Dayco Securities to stand among the most compliant registered entities with Securities and Exchange Board of India, with one of the cleanest records.
Aditi joined parent firm Dayco in 1990 as a trainee. She worked with CPL Securities Ltd, a joint venture of Dayco with the IFB Group, to gain experience of Corporate broking. With an academic qualification of being a Physics Honours Graduate from Lady Brabourne College under University of Calcutta, Aditi had professional qualification of Capital Market Management from Indian Institute of Management, Kolkata. She had certifications from ICFAI and also NCFM.
Aditi, being a sixth generation stock broker and born and brought up in a broking family background, has handled retail clientele from a very young age. She has been weekly columnist on stock market in a leading Bengali Daily since 1993 to 1999. She anchors most of the Investor Awareness Programmes of Dayco. Aditi is the editor of the Newsletters published by the group and she also leads the web portal daycoindia.com.
Aditi has been on official tour to many international exchanges – London and Frankfurt Stock Exchanges in Europe, Hongkong and Schenzen Stock Exchange in China, Singapore Stock Exchange and Stock Exchange of Thailand in South East Asia. She has been a part of business delegation team to Hubei province of China from Bengal National Chamber of Commerce and Industries. She is presently a member of Compliance Committee of Association of National Exchanges Members of India (ANMI) – Eastern India Regional Counsil.
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