Amisha Vora acquires Prabhudas Lilladher Group

Who is Amisha Vora?

• Amisha has been associated with the PL Group since 2000 and became a 24% stake owner and joint MD of the Group in the year 2007

• In her 20 years of association, she has played a key role in diversifying and strengthening the Group

• She is a CA by qualification and has an overall work experience spanning 35 years across equity research, institutional sales, investment banking, among others

• She has been a member of the CII-Capital Markets Committee for the past 5 years and has recently elected to the board of directors of APMI

Mumbai: Prabhudas Lilladher Group (PL Group), one of India's leading and most trusted financial services organisations, has undergone a transformational change. The company's co-owner and joint MD, Amisha Vora, will now be the Chairperson and Managing Director (CMD) of the PL Group. She now holds a 96 per cent stake in the group's holding company, up from 24 per cent.

The acquisition has been approved by the SEBI, the BSE and the NSE, the RBI, and the other regulators of respective PL Group companies. The reputed banks that extend credit facilities to the Group, have also approved the change in shareholding.

Talking to Bizz Buzz, Amisha Vora says, "Post acquisition, we would look to augment capital for our retail business as also NBFC business. For that first approach would be private equity, family offices or strategic tie up."

This decade belongs to India and I believe wealth management business will grow exponentially in India. We may plan for our stake dilution of up to 20 per cent in the firm. We are planning to utilise the proposed fund for expansion of businesses like retail, broking and margin trading funding book and grow our wealth management and asset management business, she said.

Talking about her vision for the next decade, she added, "PL will focus on being a value-added integrated financial services provider with stellar research at its core. We believe that quantitative research is the future and we will work towards taking a leading position in quant-based asset and wealth management services."

Amisha is also focused on building a team of qualified professionals, to fuel the next leg of PL's journey. "In the last few months, we have also made significant changes in the team by bringing in experienced professionals from the industry to manage each of our diversified business verticals. I am sure this stellar team, coupled with our research expertise and client-first attitude will pave the way for strong growth in the coming decade," she said.

After dedicating 50 valuable years to the PL Group and upon crossing 75 years of age, Arun Sheth, Chairman of the Group, has decided to retire. Dilip Bhat, Joint MD, would also be moving on after 22 years. The Group's Vice Chairman, Dhiren Sheth, will continue his association through his position on the board of directors as a non-executive director.

"The PL Group is now in the able hands of Amisha Vora. We are sure that with the help of a capable and dedicated team, she will strive for rapid growth in times to come. We wholeheartedly wish her all the success in the future," said Dhiren Sheth.

Amisha has been associated with the PL Group since 2000 and became a 24 per cent stake owner and joint MD of the Group in the year 2007. In her 20 years of association, she has played a key role in diversifying and strengthening the Group.

She is a Chartered Accountant by qualification and has an overall work experience spanning 35 years across equity research, institutional sales, investment banking and corporate advisory, retail broking and wealth management, funds management and NBFC businesses. Her professional accomplishments have made her a highly sought-after opinion maker in the capital markets.