Our company was incorporated in 1996, by promoters, Mr. Dev Aswani, Mr. Narain Aswani and Mr. Mahesh
Aswani, all of who are directors of the company. Later in the year 2000, Mr. Suresh Aswani also
joined HFPL as a director of the company.
Before the company came into existence, its promoters were engaged in brokerage business through a proprietary firm.
Mr. Mahesh Aswani started the firm and offered services such as initial public offers and secondary market to its clients.
The firm promoters were sub-brokers of the ASE and BSE.
There used to be a ring where saudas (transactions) took place through a OUT-CRY system. With the introduction
of computerised transactions, many exchanges lost their trade volumes which resulted in closure of many
of such stock exchanges including the ASEL. However, SEBI permitted extinguishing exchanges to form its subsidiaries and
allow their members to trade through market platforms such as the BSE and NSE of India. Such an arrangement allowed
HFPL to be affiliated to ASE Capital Market Ltd. (subsidiary of ASEL) and continue serving to its huge client base.
The company has acquired cards of BSE and CDSL (for demate services).
The company has large number of individual and corporate clients (6000+ as of November 2010). The company has three
branches spread across the city and is planning for more branches in the nearby future.
The company also received best businessman award from All India Sindhi Chamber of Commerce and Industry.