The Company was incorporated in 1996 in the name Ceenik Holdings Pvt. Ltd. later on changed its name to SPS Finquest Private Limited and further converted to Public Limited as SPS Finquest Limited. The Company is promoted by Mr. Sandeep Pramod Shah and family. The Company is in financing business in an IPO, Trade Funding, Loan against Stocks and Securities. The Company holds Non-deposit taking NBFC certificate from RBI. The Company was listed on BSE_SME w.e.f. 03/06/2014. The Company is now migrated to main board of BSE w.e.f. 02/11/2021.

SPS Finquest Limited is part of Mumbai based diversified “SPS Group” having business operations in the fields of Stock Broking, Depository Participant, Mutual Fund distribution, Portfolio Management (PMS), Insurance Repository Services and Insurance Broking.


Brief Information of the Directors

Former Chairman : Late Shri Pramod P. Shah

The Primary force behind the founding of SPS. As it is to be said everything rises and falls on leadership, under the leadership of Mr Pramod P Shah, SPS has achieved success because of his passion & long-term vision along with the strong persistence. Over a period of 40 years with a strong PR and a vast experience in Capital & Money Market. The Company has achieved its presence all over the country. His network with the who-is who has earned a goodwill and respect from established names like Shapoorji Pallonji Group.

Chairman : Shri Sandeep Pramod Shah

Excellence is not an accomplishment. It is a spirit, a never-ending process. A young, dynamic & passionate Shri Sandeep Pramod Shah has carried the legacy of Shri Pramod P Shah. With over 25 Years of experience in Capital Market, he believes to take SPS at the peak of success. He believes in philosophy that “In real life, the most practical advice for leaders is not to treat pawns like pawns, nor princes like princes, but all persons like persons.”A progressive mind with rich traditional value, he’s been a catalyst in leveraging the value and strength of the organization for expansion and creating a financial powerhouse, based on the trust and goodwill with which the reigns of SPS has been handed over by his legendary predecessors.

Managing Director : Shri Girish Tulshiram Jajoo

Master degree holder in Business Administration and Commerce & Advance Diploma in Computer Software System Analysis & Application. He has experience of 25 years in Capital Market & Money Market has gathered thorough knowledge of stock market operations/Financing business. Taking care of funding business and operations since takeover of the company in May 2010. In April 2011 he became ‘Managing Director’ and responsible for operations , Corporate Administration, Corporate Relationships, Personnel/Human Resource Development, Communication, Public Relations.

Director : Ms. Mahita Sandeep Shah

International Baccalaureate Diploma program holder, perusing BBA. Ms. Mahita S. Shah has more than two years experience in Capital and Money Market.


Director : Shri Priyesh Jhaveri

He has experience of 20 years in Capital Market & Money Market. He also deals in Diamonds, Pearls & Manufacturing of Jewelry,import – Export with many countries. He is associated with company since April 2013 . He is also associated with many companies like Kavee Impex Pvt.Ltd., Siddheshwar Diamonds Pvt., Vishwa Diamond Pvt. Ltd. & Dimple Diamond Pvt. Ltd.

Director : Ankita Shah

Master degree holder in Commerce and Bachelor degree holder in Law She is associated with company since April 2013. She has experience of 14 years in SEBI/ Exchange Compliance with various Stock Brokers.

Director : Ms. Megha M. Mehta

Bachelor degree holder in Commerce. She has has more than a decade’s experience in banking, particularly in the area of accounts, finance, capital market operations, settlements and likes.

Composition of Committees 


The Committee presently comprises of

Ms. Ankita M. Shah, Independent Directors

Mr. Priyesh Jhaveri, Independent Directors

Mr. Girish Jajoo, Managing Director

All the members of the Committee are having financial and accounting knowledge.