About Us

Who we are

Established in the year 1996, AFCO Investment Services Pvt. Ltd. (AISL) is a strong player in the Indian investment market. More than two decades back AISL realized the true potential of the Indian debt market owing to its liquid nature and the potential of a fixed income market in India. AISL started its journey with a dream to reap the benefits of the bond market of the fifth largest economy in the world with four members on its roles. The progress from a team of four to a team of hundred plus speaks volumes about the true potential of AISL.
Read More

Underlining Philosophy

We believe in understanding and satisfying the needs and desires of the clients and planning their future goals and targets. Profound dedication and intense commitment towards the realization of our client’s goals and the creation of wealth for them is our superordinate objective. We view our clients as our partners.
AISL promises to become your most trusted and effective advisor. While we invest your hard-earned money. We deem it our duty to protect your interest and reap maximum benefits.
In the future, we look forward to breaking new ground, achievement in novel endeavors and meeting more challenges by way of maintaining cordial relationships with all our clients and delivering more than expected.

underliningg-philosophy

Vision

To be the most trusted and preferred financial services group trusted by customers while transforming the national landscape by facilitating the domestic corporate bond market growth.

Mission

Building investor confidence in fixed income markets by promoting liquidity, transparency and efficiency and by evolving customized debt financial products suiting investment horizon of all investor classes.

Mission

Building investor confidence in fixed income markets by promoting liquidity, transparency and efficiency and by evolving customized debt financial products suiting investment horizon of all investor classes.

Our Clientele


Banks

State level Public
Sector Undertakings

Primary Dealers

Development
authorities

Mutual Funds

Large corporates

Multi-National
Companies

Pension Funds

Management Team

Promoters

Atul Oza

Chairman & Managing Director

The prime promoter of AISL, Mr Atul Oza brings with him 35 years of experience to the rich history of AISL. Having completed his M.Com and MBA – Finance, he has played a key role of investment consultant to various Co-operative Banks, Provident Funds, Gratuity and Super Annuation Fund Trusts, Charitable Institutions and High Net-worth Individuals. Having started his career as Investment Merchant Banker (CAT-I), he gradually gained expertise in the field of resource mobilization, debt syndication and equity placements. Mr Oza brings his vast financial experience coupled with a greater role to guide the business while ensuring responsibility, honesty, mentoring and ensuring client goodwill.  Under the able guidance and leadership of Mr Atul Oza, AFCO Group has grown by leaps and bounds and ventured in all facets of debt capital market.


Chitvan Oza, CFA

Director

Mr Chitvan Oza is a CFA (USA) Charter holder and works as a Director with AFCO Group. He possesses strong research background having worked in capacity of “Research Analyst” at Institutional Equity Desk in one of the leading brokerage houses in India. He has been Instrumental in setting up Merchant Banking division – AFCO Capital Ltd – in the AFCO Group. His ambition is to further the growth of AFCO Group in a manner that debt market becomes easily accessible, transparent and nearer to every Indian. He has been instrumental in shaping AFCO’s strategy and aligning it with future business landscape with a dream to take the company to newer heights.

Leadership

Nrupesh Oza profile pic (1)

Nrupesh Oza

Head, Private Wealth Management

With a working experience of 25 years in executive handling of work involved in transfer of shares and bonds.. Read More

Untitled-1

Prasad Akolkar

Principal Officer

Mr Prasad Akolkar is an experienced finance professional in the field of investment management, mutual fund… Read More

Shailesh Mehta profile pic (1)

Shailesh Mehta

Head, Institutional Trading (Fixed Income)

Mr Shailesh Mehta’s association with AFCO group goes back to initial years of Fixed Income Market…. Read More

Khurshid Shaikh (1)

Khurshid Shaikh

Head, Proprietary Trading (Fixed Income)

Mr. Khurshid Shaikh is one of our Senior Dealer and Key Person, being part of our Company since the past … Read More

Manish Desai profile pic (1)

Manish Desai

Head, Retirement Benefits Group

A front line money market dealer in G-Sec and Bonds and Chief coordinator of Co-operative Banks … Read More

Nitin Chikhale profile pic (1)

Nitin Chikhale

Strategic Advisor

Nitin is a Management Consultant, a FinTech Professional, and a Turnaround Strategist….. Read More

@ Copyright AFCO GROUP All Rights Reserved

AISL started its journey with a dream to reap the benefits of the bond market of the fifth largest economy in the world, with four members on its roles. The progress from a team of four to a team of hundred plus, speaks volumes about the true potential of AISL.
Its pan-India presence and universal acceptance, make AISL, a favorite amongst all investors. The vast knowledge, expertise, and experience derived from its long presence in the market sets it right to benefit from the escalating investment environment in the country today.
Providing investment solutions to various Provident Funds, Gratuity and Super Annuation Fund Trusts, Charitable Institutions, High Net-worth Individuals (HNI) and other fixed-income groups forms the core of all activities at AISL. Its wealth management and a broad range of research-driven strategies, help in meeting the diverse investment needs and regulatory requirements of the institutional and HNI investors.
AFCO is among the top 10 leading players in the Indian Debt Market in its segment.
AFCO, a SEBI-registered organization has embedded itself as a national-level financial conglomerate by having its presence in most of the segments of financial services including Merchant Banking, Fixed Income Services, Investment Banking, Equity Broking, Currency & Interest Rate Derivatives, Wealth Management etc.

Nrupesh Oza
Director, Private Wealth Management

With a working experience of 25 years in executive handling of work involved in transfer of shares and bonds. Mr Nrupesh Oza, a Commerce Graduate from the University of Mumbai, brings with him immense talent. Long working experience with Company Registrars has made Mr Nrupesh Oza is a master money market dealer. He specializes in handling Provident Fund Trusts and Fixed Income Groups who insist on regular flow of income and consistent returns. He is a key person instrumental in structuring of various fixed income instruments such as perpetual bonds, tax free bonds etc. His skill is in successfully understanding the needs of clients with a substantial knowledge of markets and instruments. In his words, retail participation in debt market will witness tremendous growth in coming decade.

Prasad Akolkar
Principal Officer

Mr Prasad Akolkar is an experienced finance professional in the field of investment management, mutual fund, stock exchange, compliance and merchant banking. He has held key position as Executive Director – Vadodara Stock Exchange & MD & CEO of All Bank Finance Merchant Banking arm of Allahabad Bank. During his tenure at All Bank Finance Ltd. he handled issue management, debt syndication, mutual; fund distributorship, debenture trusteeship, and techno-economic viability study. Since 2012 he has also been associated with the education sector and served in a management role in renowned educational institutions.

Shailesh Mehta
Head, Institutional Trading (Fixed Income)

Mr Shailesh Mehta’s association with AFCO group goes back to initial years of Fixed Income Market. He has been mainly responsible for Business Development for the group primarily connected with Proprietary dealing on Institutional side. He has over 25 years of experience in Financial Services industry and specialises in Fixed Income Markets, Intermediation, Origination, Distribution. An expert in his domain. he has been instrumental in forging meaningful clientele relationships for the group by identifying the client’s needs through understanding the markets and instruments at nascent stage.

Khurshid Shaikh
Head, Proprietary Trading (Fixed Income)

Mr. Khurshid Shaikh is one of our Senior Dealer and Key Person, being part of our Company since the past six years. Soon after his Graduation in Commerce through Bombay University in his twenties, he has been associated with the Debt Capital Markets in various capacities right from a calling Assistantship to Senior Dealer to Decision Maker in taking calls on the Proprietary Books  with several Leading Players in India. He has contributed immensely to the bottom lines of ace dealers like HSBC Securities, Apple Finance etc. during his tenure with them in early nineties. A veteran in Government Securities, Sovereign Bonds, Listed and Un-listed Fixed Interest Instruments, Masala Bonds  and other innovative products in the Indian Debt Capital Markets. A veteran in the Market, his Business Relationships and contacts in the field are impeccable. Having a hard-core working experience in the field he is undoubtedly a true asset to our team of professionals.

Manish Desai
Head, Retirement Benefits Group

A front line money market dealer in G-Sec and Bonds and Chief coordinator of Co-operative Banks and Provident Fund Trusts. He possesses rich banking experience of over 20+ years in bond market. A B.Com from the University of Mumbai and having worked with a known co-operative bank, Mr Manish Desai mastered various tasks such as Cash Management, Finalization of Accounts and overall supervision of the branch. At AFCO group, he has handled several hats and handled placement responsibilities with retirement funds, advisory and fund raising.

Nitin Chikhale
Strategic Advisor

Nitin is a Management Consultant, a FinTech Professional and a Turnaround Strategist.

Nitin is a Fellow Cost & Management Accountant [FCMA], holds a Post Graduate Master’s Degree with Finance [MBA Finance] and, a Certified Management Consultant [CMC]. He also has a Diploma in Cyber Laws [DCL] from the Asian School of Cyber Laws, Manila, Philippines.

Nitin is currently the President of The Institute of Management Consultants [IMCI], Mumbai Chapter.

Nitin has a rare combination of heading the F&A function, spearheading companies and, IT / Management Consulting having had global exposure with organizations like SAP, Siemens, Keane (NTT), Crompton Greaves, ING Group, Walt Disney, etc. spread over four decades in India, South East Asia, Middle East and Europe.