Board of Directors
Mr. Upendra T. Shah is the Managing Director of Shah Investor’s Home Limited. He
is Bachelors in Commerce and LLB and is the promoter of the Shah Investor’s Home
Limited. He entered into the business of stock broking by taking membership of ASE
in 1980 for his proprietary firm.
He formed Shah Investor’s Home Limited in October 1994 with a goal to serve investors
in transparent and trustworthy manner and provide all financial services under one
roof. The visionary in Mr. Upendra Shah also ensured that SIHL was the first broking
house in Ahmedabad to offer trading in NSE F&O segment and the first DP in Gujarat
to offer Depository services in NSDL. With his ultimate management & accounting
skills,company’s performance has always shown an upward trend.Under his leadership,
the company has been a profitable and dividend paying entity since inception. Even
during the biggest stock market crashes, the company has generated positive results
by staying on the path charted out by him. Building a long-term business by giving
back more to investors, employees and society is his main “Mantra”.
Mrs. Purnima U. Shah is a Director of Shah Investor’s Home Limited. She is Masters
in Statistics from Gujarat University. She is a promoter of the Shah Investor’s
Home Limited and part of the senior management team since the inception of the SIHL
Group and has been the motivating force behind SIHL. Her qualification as well as
rich professional experience, has always provided the Board with the guidance and
inputs needed for the growth of the company. She believes in hard work and high
ethical standards for building sustainable long-term business. Mrs. Purnima Shah
is actively involved in monitoring administrative aspects of various segments at
SIHL. She has been instrumental in setting up transparent accounting systems enabling
rich long-term client relationships. Company’s performance has also witnessed consistent
benefits through these practices.
Ms. Preeti U. Shah is a Director and member of the management committee of Shah
Investor’s Home Limited. Ms. Preeti Shah is a Company Secretary (CS) by qualification
and has rich experience of more than 18 years in financial consultancy, compliance
and legal services. She acts as designated compliance officer of Shah Investor’s
Home Limited with exchanges and depositories.She is overseeing all legal and compliance
tasks like Submission of Annual Returns, Annual Compliance Reports, Internal Audit
Reports etc;managing board resolutions like changes in Shareholding Pattern & Directors;managing
Investor Grievances, Arbitration Hearing, KYC Guidelines as well as Handling of
the Inspection Department at SIHL.
She holds various NISM / NCFM certifications required by SEBI related to derivatives,
compliance, mutual funds and well as operational and risk management aspects. Her
handling of the compliance tasks has resulted in streamlined and rational internal
practices resulting in SIHL being one of the most compliant entities in the industry.
This is visible by looking at almost non-existent customer complaints as well as
compliance violations at SIHL as reported on regulator portals.
Mr. Tanmay U. Shah is a Director and member of the audit committee of Shah Investor’s
Home Limited. Mr. Tanmay U. Shah is Bachelors in Commerce. He has joined the company
in the year 2003 and has actively contributed to the growth of SIHL and group companies
over the last 14 years. He has played key roles in brand building and strategy development
for the growth of the company. The logo of the company was his creation and the
brand SIHL became household name in Gujarat due to his initiatives.He has been instrumental
in setting up institutional trading business vertical in Mumbai.
Under leadership of Tanmay, the Equity Research department has provided great investment
insights for the company’s proprietary as well as advisory portfolios. He is the
driving force behind identifying highly profitable investment ideas with limited
downside. His investment strategieshave yielded great returns for the company during
the bullish and bearish phases alike.
Mrs. Trupti Shah is a Director and member of the management committeeof Shah Investor’s
Home Limited. Mrs. Trupti Shah holds BE in Mechanical Engineering from Gujarat University
and MS in Computer Engineering from Florida Atlantic University, USA. Before joining
to Shah Investor’s Home Limited she worked with Intel Corporation, USA for 4 years.
She held a key management position in factory automation software development group.
She joined the board in 2008 and is presently looking after human resources, employee
training, and software development aspects of the business. She is responsible for
bringing about large scale improvements in employee communication, teamwork and
customer satisfaction at the company. Systems she has put in place for continuous
monitoring of internal and external communication has resulted in improvement of
many operational processes of the company. She holds various NISM certifications
required by SEBI related to equity and currency derivatives, mutual funds and insurance
Mr. Utpal P. Shah is a Director and member of CSR and Share Transfer Committees
of Shah Investor’s Home Limited. Mr. Utpal Shah holds BE in Electronics and Communications
Engineering from Gujarat University and MS in Electrical Engineering from the University
of Florida, USA.Before joining his current position in 2008, He worked with Intel
Corporation, USA for 9 years. He held various management positions in design operations
groups at Intel Corporation. He is looking after strategic planning, new business
initiatives and all aspects of day to day administration. He brings rich experience
and strategies for operational excellence and planning for the benefit of the company.
Utpal heads the industry outreach at SIHL interacting with various government and
non-government bodies to help shape policy decisions in the financial services sector
He has set up new business verticals like Distribution, Financial Planning & Portfolio
Advisory as well as dedicated NRI investment desk. Global Investment Advisory and
International Exchange memberships at GIFT IFSC are also latest initiatives he is
spearheading for the company. Utpal holds various NISM certifications related to
equity & currency derivatives, compliance, securities operations and risk management,
investment advisory, depository operations, mutual fund and insurance distribution,
Mr. Bharat M Shah
Mr. Bharat M Shah aged 58, is Independent Director in our company. He is a Doctor
by profession. He received his MD in Internal Medicine from South Gujarat University.
He is Consulting Physician & Cardiologist with Gujarat Research & Medical Institute
and Rajasthan Hospital for last 22 years. Currently, he is the President of Jain
Doctor's Federation, Ahmedabad and Vice President of National Jain Doctor's Federation.
Mr. Bhushan Punani
Mr. BhushanPunani joined Blind People’s Association during 1979 after completing
his Post-Graduate Diploma in Business Management (1977-79) from the Indian Institute
of Management, Ahmadabad. He subsequently also completed Advanced Vocational Rehabilitation
Course from Haifa University during 1983 and Bachelor of Law during 1986 and Ph.
D during 1995 from the Gujarat University. He is at present working as Executive
Secretary of the Blind People’s Association, the largest NGO in the disability sector
in India. He is also Advisor (CBR) to CBM, SARO (North) as well as Chairman: International
Council for Education of People with Visual Impairment ICEVI West Asia Region. His
other outstanding assignments include his being Member of the Central Advisory Board
constituted as per provisions of Rights of Persons with Disabilities Act, 2016;
Members of State Monitoring Committee on Urban Shelter for Homeless People constituted
by Supreme Court of India; Vice-Chairperson of the Sector Skill Council for Persons
with Disabilities under Ministry of Skill Development.
He also provided his services as Member of the CBR India Network; Member: Member
of the New Disability Legislation Committee: Member of the Working Group on Disability
– 12th Five Year Plan; Member: Steering Group on Social Welfare – 12th Five Year
Plan; He has also participated in 400+ seminars and presented 300+ papers at the
State, National and International level on education, employment, community based
rehabilitation, corporate social responsibility, national disability policy, networking,
advocacy and administration of developmental services. He has published 94+ Articles
in the National as well as International journals and authored 8 books on disability
He has also worked as Examiner: Doctorate Programme of Tata Institute of Social
Sciences, JamiaMiliaIslamia and M.S. University, Vadodara. He has conducted evaluation
of 10 community based rehabilitation and education programmes in Nairobi, Zimbabwe,
Nepal, Bangladesh and India. He also carried out evaluation of 13 teacher training
programmes in India on behalf of Rehabilitation Council of India For his distinctive
achievements, He has been conferred 18+ Awards including Helen Keller Award during
1999, Lions Role of Honour during 2005, One of 100 Power – Eminent Persons of Gujarat
during 2008 and Distinguished Alumnus Award of the India Institute of Management,
Ahmadabad during 2011.
Mr. Jagdish B Shah
Mr. Jagdish B Shah aged 66, is Independent Director in our company. He is a fellow
member of the Institute of Chartered Accountants of India (ICAI). He has held various
positions in public sector including internal auditor at the National Textile Corporation
(Guj.) Ltd, manager accounts at the Center for Entrepreneurship Development and
22 years as the chief auditor (statutory post) at the Ahmedabad Municipal Corporation.
Our Team Members
Mr. Punjabi is the founding member and Director of the SIHL group and has more than
30 years of experience in the Financial Markets. He started his career with Mr.
Upendra Shah right after HSC exam in Financial Markets. His experience and operational
expertise in all segments of capital markets viz. cash, F&O, Currencies & Commodities
has helped in the substantial growth of the company while managing risk at all times.
Mr. Rajesh Punjabi leads the Equity and Commodity Broking business which comprises
of business development, operations and risk management. He oversees all financial
activities for the group. His has helped the company take firm and bold administrative
decisions at all crucial times, leading to risk managed growth for the company.
Mr. Punjabi is also director in various advisory bodies including at the Metropolitan
Stock Exchange Ltd.
Shamik Chokshi holds degree in M.Com, LL.B.(Gen), F.C.A., DISA(ICAI) and is a practicing
chartered accountants since 2008. He has been a senior consultant at the organization
from 2014. He is looking after Finance, Accounts, Taxation and System Audits of
the Organization. Prior to that, he was working as Manager-taxation and looking
after the direct and indirect taxes, accounts and finance in the SIHL Group from
2008 to 2014. He is reappointed as Chief Financial Officer of the SIHL Group with
effect from 1st December, 2017.
Shamik's areas of specialization are Taxation, Audit, Financial Consultancy, Management
Consultancy, Information Technology and Investment. He has been instrumental in
resolving litigations under the direct and indirect tax matters for the group.
He heads the Information Technology department at SIHL and is responsible for keeping
SIHL on the forefront of technological advances. Mr. Jinal Shah has been associated
with the company since year 2000 and has held various positions in software development,
IT infrastructure setup, branch setup, business process transformation, etc.