The company was originally incorporated as a Private Limited Company under the name “Vedant Asset Advisors Private Limited” on July 7, 2015 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Jharkhand. Subsequently, the name of the Company was changed from Vedant Asset Advisors Private Limited to Vedant Asset Private Limited and a Fresh Certificate of Incorporation was issued by the Registrar of Companies, Jharkhand on November 29, 2017. Further, pursuant to Special Resolution passed by the shareholders at the Extra Ordinary General Meeting held on April 28, 2022 the company was converted into a Public Limited Company and consequently the name of the Company was changed from “Vedant Asset Private Limited” to “Vedant Asset Limited” vide a fresh Certificate of Incorporation dated June 3, 2022 issued by the Registrar of Companies, Jharkhand.

The company is engaged in the business as a Corporate Business Correspondents (BC) of Bank of India, Jharkhand Rajya Gramin Bank (JRGB) and Madhya Pradesh Gramin Bank (MPGB) and as Mutual Funds Distribution through a partner base of more than 350 Vedant Mitra partners working in various rural and semi-urban locations and handling more than 100 crores of assets under its Mutual fund distribution business. The company’s Vedant Mitra Kendra acts as Banking - Customer services Point (CSPs) to fulfil all the necessary banking requirements of the people, Adhaar enabled payment system, Direct Money Transfer (DMT), investment in Mutual Funds - mPOS, PAN related services, Insurance services, Loan services and recharge services along with Air, rail and Bus ticketing etc. The company is also looking towards expanding its services in the field of disbursing Government DBT subsidies, Adhaar linked subsidies and providing essential services through its network of Vedant Mitra Kendra.

The company has been promoted by Lallit Tripathi and Priyanka Maheshwari who have an overall experience of around 25 years and 18 years respectively in the field of providing financial services, mutual fund distribution and financial distribution services. Under the leadership of its promoters and the guidance of its management it has carved itself as a complete financial solution provider for urban and rural markets and it is continually expanding its reach and market. Over the year, the company’s success has been recognized by many institutes like CNBC Hall of Fame Award for the year 2019, CNBC TV18 Best financial advisors award for East 2016, CNBC TV 18 Best financial advisor (IFA Up country East) 2017, One of the largest mobilization of AUM (Asset under management in Jharkhand), Wealth Forum Award for Highest Business Mobilization in Rest of East in 2015 etc.

Business area of the company

Vedant Asset is an Financial cum Investment Super Market for private and rural investors. For more than a decade it has helped investors take informed decision by following process driven approach and Right Assets Allocation. It offers an array of services ranging from Mutual Funds to Investments, Insurance, Loans, Payments etc.

Key Events and Milestones:

• 2015: Incorporation of the Company.
  
• 2019: Empanelled with JRGB as Corporate Business Correspondent.
  
• 2020: Empanelled with Bank of India Ranchi as Corporate Business Correspondent.
  
• 2021: Empanelled with MPGB and Bank of India Indore as Corporate Business Correspondent.
  
• 2022: Conversion of the Company from Private Limited to Public Limited Company.