Investments

JM Financial has portfolio investments into different businesses, including asset management, equity broking, commodity broking, fixed income broking, investment banking, equity financing et al, which contribute inflows to a head other than sales (for example, into a factor like other income, say, through dividends). Ergo, the company in itself doesn’t have a particular business to undertake, but only portfolio investments to manage, consequently earning from either the capital appreciation, or through some kind of corporate remittances. Surprisingly again, for the second rank, the PtS ratio churned out another relatively lesser known company, D. S. Kulkarni Ltd, which is primarily a real estate developer, but also has invested in various other industries like IT and chemicals etc.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006