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Introduction

Chona Financial Services Limited  was incorporated on 24th April 1995 under companies act 1995.

The offerings of the company are divided into Stock-Broking and Construction in India.           

CHONA GROUP :

Chona Financial  Services Limited

Chona Commodity Trading Services Private Limited

Chona Investments  Private Limited

Chona Share broking Limited

Chona Estates and Properties Private Limited

Chona Craft Shoppe  Private Limited

Chona Megatainment Malls Limited

Chona Property Management Private Limited 

United Commercial Hotel Enterprises Private Limited

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Our Business

In equity and derivatives, own trading would comprise less than 10% of the total business and the balance is wholly comprised of retail business spread across all the branches. 

·         Equity Trading

·         Commodities

·         Portfolio Management Services

·         Mutual Funds Life Insurance

·         Personal Loans

·         IPO

·         Depository Services

·         Investment Advisory

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Membership

Member : [ NSE ]

Member Code No. 07543

Equity SEBI Regn.No. INB 230754330, 

Future and Options   SEBI Regn.No.  INF 230754330 ,

Self Clearing Member ID.  M50445, 

Portfolio Management Services (PMS). SEBI Regn. No. : INP000001199

NSE Currency Derivatives  SEBI Regn.No.:  INE230754330 

Member : [ MCX-SX]

Currency Derivatives  SEBI Regn.No.: INE260754330

Clearing Member :IL&FS |SEBI Regn. No. : INE231308334 

Member Code No. :10300

Member : [CDSL ] 

DP SEBI Regn.No : IN-DP-CDSL- 407-2007 

DP-ID : 12050400 

Member : [ MCX]

FMC Unique Membership Code : MCX/TCM/CORP/0266 

Member Code No. : 10500 

Sub-Broker : [ BSE ]

Sub-Broker of the BSE, SEBI Regn. No. INS 012066218 / 01-11169, affiliated to M/s. MSE Financial Services Ltd 

Member : [ MCX-SX]

SEBI Regn.No.: INE260754330

Clearing Member :IL&FS |SEBI Regn. No. : INE231308334 

Member Code No. :10300

Member : [ NCDEX ]

FMC Unique Membership Code : NCDEX/TCM/CORP/0253 

Member Code No. : 00069 

Mutual Fund :

M/s.Chona Financial Services Limited is empanelled with Association of Mutual Funds in India (Registration No.49711) for distribution of Mutual Funds.

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Network :

The Company has more than 70 branches in Tamilnadu, Pondicherry, Bangalore and Mumbai and over 210 trading terminals. 

 

Technology & Infrastructure :

The Company is a user of advanced technologies and has in its employment dedicated systems and network experts who manage a widespread and diverse network of computer trading terminals and back office systems and communication models which includes the use of VSAT, Leased Line, VPN, ISDN, ISDN Internet, Dial up Internet, etc.  

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Internal Control Procedure / Systems :  

• Clients are admitted only after a strict screening process and after obtaining all details including IT Pan or other approved ID, bank details, DP details, address proof, photo, etc.

• The Company has a centralized back office at its registered office in Chennai and maintains strict control over trading limits of all its clients using surveillance software as well as skilled trading administrators, managers and accounts and delivery personnel.  More than 95 persons are employed by the group.

• No trading is permitted without the collection of prudent margins and mark to market margins are collected compulsorily on a daily basis without compromise.

• CTCL or administration software has been installed for surveillance of all orders before it is sent to the Exchange, therefore there is preventive surveillance which is ever-alert.

• Digitally certified e-contracts, accounts and documents are sent to almost all of the clients with their consent.

• A vigilant compliance officer is employed full time in addition to a team of internal auditors on contractual basis who audit daily transactions regularly.

• Cash is not accepted from clients for trading, and no payment is made in cash to clients.

• All the Directors are whole time Directors constantly monitoring and supervising the servicing of the clients and interacting with the clients.

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Salient features of CHONA :

·         Redundant power systems with back-up generators and UPS systems. 

·         24 Hours A/C fully automated Control System in our Systems Department 

·         Redundant  High bandwidth Internet and VPN connection 

·         Monitoring by skilled Technical staffs. 

Managed Services of CHONA : 

·         Dedicated backup 

·         Dedicated firewall 

·         Load balancing 

·         Database administration 

·         Systems administration 

Futures of CHONA : 

·         Trading on All Exchanges (NSE,BSE,MCX,NCDEX, Currency Derivative )  through a single screen.

·         Risk Management and Online Monitoring.

·         Technical Analysis Support.

·         Fundamental Recommendations.

·         High Speed Internet Trading.

·         Wide branch network.

·         Digitally certified contracts sent by email.

·         Back up copies of contracts on CHONA website (please ask for password).

·         Live Accounts over the web.

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Research :

The Company has strong research capabilities. 

A highly skilled and acclaimed Technical Research Team is headed by Mr.K.Premkumar who is a Daily Columnist in the financial newspaper Business Line.   Fundamental research is headed by Mrs.Parvathi Palaniappan, Joint Managing Director

A highly skilled and acclaimed  Fundamental Research Team is headed by Mrs.Parvathi Palaniappan, Joint Managing Director.

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