Our Timeline

The DSP family began their involvement in the financial sector, laying the foundation for future contributions to the industry.

An informal association of brokers was formed, including members of the DSP family.

The first Indian stock exchange was established, with the DSP family among the founding members. Originally called 'The Native Share & Stock Brokers Association.'

The DSP family was recognized by Grindlays for their 50 years of esteemed brokerage services, dating back to 1866.

The DSP family set up DS Purbhoodas Public Trust to support various public causes, continuing their legacy of community service.

Hemendra Kothari joined his family's broking firm, DS Purbhoodas, representing the fourth generation of his family in the business.

Hemendra Kothari founded DSP Financial Consultants Limited (DSPFC) in Mumbai on October 23rd, specializing in merchant banking, financial consultancy, investments, and finance.

DSPFC entered into a significant business partnership with Dresdner Bank, AG, enhancing their financial services and global reach.

DSPFC partnered with Merrill Lynch, the largest investment bank in the United States, marking a major milestone in their international expansion.

DSPFC advised Merrill Lynch on launching 'The India Fund,' the first international mutual fund for investments into India. They also led India's first public bond issue in the German market for IDBI.

DSPFC formed a business arrangement with Swiss Bank Corporation (SBC), further expanding their international collaborations.

Hemendra Kothari was elected President of the Stock Exchange, Mumbai, after serving as Vice President for three years, highlighting his leadership in the financial sector.

DSPFC and IDBI jointly promoted the IDBI Investment Management Company (IIMCO) to manage funds, marking a new venture in fund management.

DSPFC, along with Merrill Lynch and SBC, led multiple new transactions, including the first Euro Convertible Bond issue for Essar Gujarat and project finance structuring.

DSPFC co-managed GDR issues for East India Hotels Ltd. and JCT Ltd. They also received the 'Euromoney Award for the Best Securities Firm in India.'

DSPFC formed DSP Merrill Lynch Ltd. (DSPML) with Merrill Lynch acquiring a 29.41% equity stake, later increasing to 40%. They also formed DSP Merrill Lynch Asset Management (India) Ltd.

DSP Merrill Lynch Asset Management launched its first domestic equity and debt mutual fund schemes, expanding its investment offerings.

DSP Merrill Lynch Fund Managers launched the Merrill Lynch Specialist Investment Funds (MLSIF) India Fund, a Luxembourg-domiciled UCITS fund for global investors.

Following BlackRock's global asset management takeover, DSP Merrill Lynch Fund Managers became DSP BlackRock Investment Managers Ltd.

DSP Group purchased BlackRock's 40% stake in DSP BlackRock Investment Managers, renaming it DSP Investment Managers. DSP BlackRock Mutual Fund became DSP Mutual Fund.

DSP Investment Managers Private Limited (DSPIM) demerged its asset management business to form DSP Asset Managers Private Limited (DSPAM), effective April 1, 2023.

DSP Asset Managers continues to help millions of Indians #InvestForGood, focusing on doing the right things with the right intent and always prioritizing investors' needs.