- Business
- Abans Holdings Limited, now renamed Abans Financial Services Limited as of January 2025, is a diversified non-banking financial company (NBFC) headquartered in Mumbai, India, with operations spanning India, the UK, UAE, China, Mauritius, Hong Kong, and Singapore. The company offers a comprehensive range of financial products and services including NBFC lending primarily to private traders and small to medium enterprises involved in commodities trading; global institutional trading in equities, commodities, and foreign exchange; private client stockbroking; depositary services; asset management including portfolio management services; investment advisory; and wealth management services targeting corporates, institutional investors, and high net worth individuals. Additionally, Abans Financial Services engages in warehousing and agricultural trading to support its commodities business and operates treasury operations focused on capital investment in low to medium risk equity and commodity strategies. Founded in 2009, the company operates through 17 subsidiaries and has a diversified multi-asset and multinational financial services platform.
Recent major developments include the rebranding from Abans Holdings Limited to Abans Financial Services Limited in early 2025, expansion of asset management capabilities including plans to secure a mutual fund license to diversify product offerings and attract new investors, and efforts to register the Global Arbitrage Fund with the US Securities and Exchange Commission (SEC) to facilitate broader market access. The company is also investing in technology to enhance high-frequency trading capabilities and has augmented its portfolio management services by acquiring a PMS with a strong track record. Abans actively pursues strategic initiatives such as applications for a merchant banking license and introduction of business advisory services. Its ongoing business expansion focuses on increasing assets under management with targeted growth in the East Africa and Gulf Cooperation Council (GCC) markets, along with optimization of real-time trading strategies to maintain profitability and operational efficiency. These moves reflect Abans Financial Services’ commitment to broadening its financial services footprint and enhancing its competitive position in global markets.