Mission Statement

Endeavour at
Stewart & Mackertich is
Powering your Wealth
through products,
systems and services
for successful
Investment & Financial
planning with focus on


In 1981, two prominent groups, Stewart & Co. and C. Mackertich, having a legacy of 100 years joined hands to synergies their Expertise and Experience; to emerge and establish themselves as a fine integrated wealth advisory and equity broking house, catering to FII's, Banks, Corporate's, HNI's and Retail clientele.

Our expertise is spread to Investment banking and Underwriting, with skills in corporate finance, merchant banking, corporate advisory services, treasury management and project finance. With a basket of financial products, we are committed to empowering 'You' with a world of solutions for your growing needs. At STEWART & MACKERTICH, we are inspired by the rich heritage of the company. We believe in building long term relationships with our clients and associates by laying emphasis on our transparent and ethical dealings. We practice the noble art of finance with professionalism, skill and transparency.

Integration of capital market products, with advisory products for a complete outlook of perfect portfolio advice-with a live portfolio tracker for an effective tracking system. At Stewart & Mackertich, we redefine wealth creation for various life stages through innovative, systematic and disciplined investment planning together with superior service, commitment, and definite focus on consistent high quality. At every stage, we strive to bring perfect wealth management solutions focusing on 'You'. We give solutions and advice for all financial investment plans. Not as means to the end of Wealth Creation, but as a reflection of 'One Stop-One Relationship.

Continued growth, has been a constant motivating feature at STEWART & MACKERTICH. After having a unparalleled track record of servicing Institutions and HNIs, we are planning to foray into the growing retail segment in a big way. We would be expanding across the geography with a wide network of franchisees and Authorized Persons / Sub-Brokers. We would be offering a complete basket in financial services.

Visionaries & Promoters

Sevantilal Shah One of the stalwarts in the broking industry with unparalleled expertise in the capital markets. As a member of the Calcutta Stock Exchange he had been instrumental in institutionalizing stock broking business. He had served as a member of its governing board and he is the founder promoter of Stewart & Company.

Ajay Kumar Kayan Under the able leadership of Mr. Kayan, C. Mackertich progressed leaps and bounds through long lasting relationships with institutions, corporate houses as well as HNIs, which he built brick by brick over the years. He along with Mr. Utsav Parkeh, visualized the synergy between Stewart and C. Mackertich groups and paved the way for the formation of Stewart & Mackertich.

Utsav Parekh As a partner of Stewart & Company, he visualized the need for corporatisation in Investment & Merchant Banking and laid foundation of SMIFS Capital Markets Ltd. as a leading Merchant Banking company in Eastern India. Over the years he has built long lasting relationships with leading corporate houses in India and he is one of the most respected Merchant Banker in the country.

Yogendra Shah He started his career as a member of the Bombay Stock Exchange. Since 1979 he has built excellent rapport with leading corporate houses, institutions and HNIs. He visualized the need to corporatise the broking business and was one of the first few brokers who corporatised his individual membership.

Values & Principles

PEOPLE We care about people and the role of work in their lives. We respect people as individuals, trusting them, supporting them, enabling them to achieve their aims in work and in life. We help people develop their careers through planning, work, coaching and training.
We recognize everyone's contribution to our success – our staff, our clients and our candidates. We encourage and reward achievement.

KNOWLEDGE We share our knowledge, our expertise and our resources so that everyone understands what is important now and what's happening next in the world of work – and knows how best to respond.
We actively listen and act upon this information to improve our relationships, solutions and services. Based on our understanding of the world we actively pursue the development and adoption of the best practices worldwide

INNOVATION We lead in the world of work. We dare to innovate, to pioneer and to evolve. We never accept the status quo. We constantly challenge the norm to find new and better ways of doing things,
We thrive on our entrepreneurial spirit and speed of response; taking risks, knowing that we will not always succeed, but never exposing our clients to risk.

Vision & strategies

Our vision is to be 'better' in everything we do with full commitment. To anticipate our customers' needs and interests to empower them and create value for them in any circumstance.

Revenue Generating more revenue requires us to develop strategic insights about our clients' needs and goals, elevating and broadening our mutually-beneficial relationships and measuring our contribution to our clients' businesses.

Efficiency Improving our efficiency means achieving speed, quality and effective use of resources throughout all our operations.

Innovation Demonstrating our commitment to innovation requires us to continuously capture creativity in local markets and replicate this around the world. Our role is to develop and expand our capabilities, while creating services targeted to what's new and what's next in the world of work.

Thought Leadership Maintaining our thought leadership means continuously anticipating future dynamics of the market and contributing to the design of social and employment systems on a global basis.

Organization and Culture Evolving our organization and culture requires attracting and retaining high quality people for the long term. It also requires creating an environment that promotes entrepreneurship, rewards high performance and motivates us to reach our full potential.

Key Managerial Personnel

Mr. Rahul Kayan 31 years, is a Director of the Company. He holds a Bachelors Degree of Science in Finance & Marketing from Leonard N. Stern School of Business, New York University. He has worked with Merrill Lynch –New York. He has9 years of experience in Prime Brokerage, Equity Research, Risk Management and Marketing of Equity, Mutual Fund and Debt Linked Product.

Mr. Ashiwini Kumar Tripathi46 years, is a Director of the Company. He has PGDM Degree with Specialization in Finance and has more than 25 years of experience in Capital Markets. He has worked with Wealth Management Advisory Services Limited, a once SEBI Registered Portfolio Manager and has played an instrumental role in providing portfolio management services to HNI’s and Corporates.

Mr. Ajay Jaiswal 46 years, a graduate in Commerce, is President - Strategies & Head of Research, joined the group in July 2016. He has experience of 22 years in Research & Advisory across asset classes, particularly Equities, Commodities and Currencies. He set up Research, PMS and Institutional desk at Microsec Group, worked as Investment Strategist at Angel Broking, Head of Research at Lohia Securities Ltd and Research Analyst at CD Equisearch. Over the years, identified various investment themes across sectors ahead of time.

Mr. Sudipto Datta 47 years, is a B.Sc(Eco), PGDBM and L.L.M and has 25 Years of experience in Research, operations and compliance department. Currently serving as the Compliance Officer. He has played an instrumental role in formulating structured systems for strict implementation of Compliance entailed as per Rules and Bye-Laws framed for broking business segment.