Yunik Managing Advisors Ltd Company Summary

Yunik Managing Advisors Limited was formerly incorporated as Essar Securities Limited on December 16, 2005. The Company changed its name to Yunik Managing Advisors Limited from Essar Securities Limited vide special resolution passed through postal ballot dated October 18th, 2023. Initially, the Company commenced the business of providing strategic advisory services and business start up consultancy services during the period 2008-09.

As per the Scheme of Arrangement between India Securities and the Company, the Investment Division of India Securities Limited was demerged into the Company and the said Scheme became effective on March 9, 2009.In August 2010, the Company sold their investments comprising of equity shares of Essar Telecom Infrastructure Pvt Ltd for a total consideration of Rs 49.70 crore.As per the Main objects Clause of the Company altered in the Memorandum of Association, the Company is engaged in business of rendering consultancy services during the year 2023-24.