LKP

Mumbai, India Founded: 1948 • Age: 78 yrs Listed Acquired By Essel Group
Financial products and investment services are provided to clients.
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About LKP

LKP is a publicly listed company based in Mumbai (India) founded in 1948, and was acquired by Essel Group in May 2018. Financial products and investment services are provided to clients. The company has 362 employees. Its chief executive, as recorded, is Pratik Doshi. Its website lkpsec.com draws about 11 thousand monthly visits. Its Indian entity Lkp Securities Limited reported revenue of ₹108 Cr. LKP offers products and services including Equity Trading and Derivatives. Its focus areas include Brokers and Dealers, Stock Brokers and Full Service.

Company details

LKP was founded in 1948 in Mumbai, India, within the financial services sector. Access to equities, derivatives, commodities, and currency trading is facilitated through its platform. Investment options such as mutual funds, IPOs, and fixed deposits are made available. Research reports, trading tools, and advisory services tailored to individual risk profiles and needs are offered. Account management and fund transfer support are also handled for clients.

  • Headquarters Mumbai, India
  • Employees 362
  • Stage Acquired
  • Sectors
    Financial Services
  • Website category Finance · Investing
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website lkpsec.com
  • Social LinkedIn X Facebook Instagram YouTube
  • Acquired by Essel Group (May 2018)
  • Legal Name Lkp Securities Limited
Operational Areas
Financial Services → Brokers and Dealers
Key Metrics
  • Market Cap
    ₹123 Cr

    LKPSEC · NSE

  • Share Price
    ₹14.34

    -3.69% today

  • Revenue
    ₹107 Cr

    FY 2025-26 · -4.5% YoY

  • EBITDA
    ₹26.48 Cr

    Margin 24.7%

  • Net Profit
    ₹10.19 Cr

    FY 2025-26 · -6.3% YoY

  • P/E (TTM)
    21.2x

    P/B 1.1x

  • ROE
    10.6%

    ROCE 13.6%

  • Debt / Equity
    0.67

    Interest cover 39.2x

  • Investors
    Essel Group
  • Employee Count
    362
  • Acquired by
    Essel Group

    (May 2018)

Products & Services of LKP

LKP offers a comprehensive portfolio of products and services, including Equity Trading and Derivatives.

Equity Trading
Financial Products

Equity trading is facilitated through various platforms to enable investments in stocks

Derivatives
Financial Instruments

Derivatives are provided for hedging against potential losses using advanced tools

Apps and channels of LKP

LKP publishes 2 mobile apps with over 10K+ downloads; its YouTube channel LKP Securities Limited has 6.35K subscribers and 30 videos.

GetSetGrow
Google Play Finance Everyone Free
Developer: LKP Securities Ltd
View on Google Play
GetSetGrow@LKP
App Store Business 4+
Developer: LKP SECURITIES LIMITED
View on App Store
LKP Securities Limited
YouTube 6.35K subscribers 30 videos Howto & Style
Open channel

Videos from LKP

The most watched videos on LKP's YouTube channel, LKP Securities Limited (6.35K subscribers). Click a video to play it here.

ET Now Swadesh Aaj Ka Bazaar 10 Oct 2025 12min 36sec Mr Vatsal Bhuva LKP Securities 07 39am
48 views
ET Now Swadesh Power Trade 26 Sept 2025 17min 54sec Mr Rupak De LKP Securities 08 35am
40 views
ET Now Swadesh Aaj Ka Bazaar 30 Sept 2025 17min 04sec Mr Vatsal Bhuva LKP Securities 07 34am
28 views
ET Now Swadesh Aaj Ka Bazaar 25 Sept 2025 13min 01sec Mr Vatsal Bhuva LKP Securities 07 42am
23 views

More on LKP Securities Limited.

Investors in LKP

LKP has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Essel Group.

All
Institutional
InvestorDescriptionFounded YearDomainLocation
Essel Group
Enterprise networking and idea management solution for entertainment industries
1976esselgroup.comMumbai, India
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Investor details for LKP

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

Verified entity values are shown only after access is granted.

Board of directors of Lkp Securities Limited (LKP)

Lkp Securities Limited is the primary company behind LKP. The board of Lkp Securities Limited currently have 7 directors; the longest-serving is Pratik Mahendra Doshi, appointed in 2010. 11 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Pratik Mahendra Doshi
DIN 00131122
Managing Director26 Oct 201016 yrsLkp Securities Limited
Satvinderpal Singh Gulati
DIN 02404230
Director08 Jul 201610 yrs 4 moLkp Securities Limited
Ganesh Arun Malhotra
DIN 07581670
Director03 Aug 201610 yrs 3 moLkp Securities Limited
Sajid Mohamed
DIN 06878433
Director27 Sep 20179 yrs 1 moLkp Securities Limited
Saseekala Nair
DIN 10122007
Director25 Jul 20242 yrs 3 moLkp Securities Limited
Vineet Suchanti
DIN 00004031
Additional Director31 Oct 20251 yrLkp Securities Limited
Dara Jahangir Kalyaniwala
DIN 03311200
Additional Director31 Oct 20251 yrLkp Securities Limited

People of LKP

1 people are tracked at LKP (1 in leadership); the tracked headcount is 362.

NameRoleGroup
Pratik Doshi
CEO & MDLeadership
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Complete people profiles for LKP

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

Verified entity values are shown only after access is granted.

IPO & Listings of LKP

LKP is a publicly listed company on the BSE with ticker symbol LKPSEC in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date12 Jan 2016
  • Listed onBSE: 540192
  • Listed entityLKP Securities Limited
  • Exchange sectorFinance
  • ISININE341H01023
  • Share price₹20.75 (-1.89% on the day) · 2026-05-11
  • Market capitalisation₹174 Cr
  • Price to earnings16.7
  • EPS (diluted, trailing year)₹1.24
  • Dividend yield1.42%
  • Volume (last session)18,082
  • Analyst consensusNo rating

Financials of LKP

Exchange-reported figures of Lkp Securities Limited, the listed company behind LKP (NSE: LKPSEC).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹107 Cr
-4.5% YoY
EBITDA
₹26.48 Cr
-0.3% YoY
Profit After Tax
₹10.19 Cr
-6.3% YoY
Net Worth
₹102 Cr
+9.7% YoY
Total Assets
₹176 Cr
+20.2% YoY
Total Debt
₹74.94 Cr
+38.1% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10711297.3978.2493.6284.5373.85
Revenue growth-4.5%+15.2%+24.5%-16.4%+10.8%+14.5%-
EBITDA26.4826.5521.869.8022.057.797.49
EBITDA margin+24.7%+23.7%+22.5%+12.5%+23.6%+9.2%+10.1%
Profit before tax13.7118.2113.405.2218.265.612.22
Net profit10.1910.879.713.7113.494.091.62
Net profit margin+9.5%+9.7%+10.0%+4.7%+14.4%+4.8%+2.2%
EPS (₹)1.251.611.160.481.800.540.22
Balance sheet
Total assets17614710288.0775.0462.7057.94
Net worth10292.6180.0166.5257.7344.3940.18
Total debt74.9454.2721.7521.5517.3118.3217.76
Cash & bank13815311056.9712597.3448.76
Net working capital84.6887.5664.1957.4653.2539.9540.04
Cash flow
Cash from operations(4.38)(23.16)(12.79)(72.12)27.8947.321.56
Cash from investing(3.82)(0.74)3.2912.38(0.12)(9.78)24.15
Cash from financing6.6225.25(2.57)(1.01)(4.96)(6.55)(14.05)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue29.4426.5627.7924.6226.8827.8622.3525.10
Revenue growth (YoY)+9.5%-4.7%+24.3%-1.9%-20.9%-9.3%--
Other income0.070.200.290.080.340.154.640.23
EBITDA6.635.845.994.976.638.903.775.54
EBITDA margin+22.5%+22.0%+21.6%+20.2%+24.7%+31.9%+16.9%+22.1%
Depreciation1.551.451.431.481.111.322.711.11
Interest2.622.342.112.302.101.781.921.97
Profit before tax2.532.252.741.273.765.953.782.69
Tax0.920.800.480.301.101.551.100.78
Net profit1.611.452.260.972.664.402.681.91
EPS (₹)0.160.170.270.120.320.530.320.23
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue10511196.2276.5792.6883.7473.04
Revenue growth-5.6%+15.7%+25.7%-17.4%+10.7%+14.7%-
EBITDA25.1926.2121.308.5521.807.707.47
EBITDA margin+24.0%+23.5%+22.1%+11.2%+23.5%+9.2%+10.2%
Profit before tax12.4118.0513.254.4418.045.522.20
Net profit9.1910.859.672.8713.304.031.57
Net profit margin+8.7%+9.8%+10.1%+3.8%+14.4%+4.8%+2.2%
EPS (₹)1.131.611.160.401.780.530.21
Balance sheet
Total assets17314599.5486.6774.2162.0357.32
Net worth99.1691.2078.6065.1256.9043.7239.56
Total debt74.1753.4620.9321.5517.3118.3217.76
Cash & bank13715110956.0312596.8148.50
Net working capital82.6685.8662.6055.5952.5139.2839.29
Cash flow
Cash from operations(4.02)(23.43)(12.52)(72.82)27.6046.951.15
Cash from investing(4.49)(1.03)2.7712.850.00(9.68)25.13
Cash from financing6.7325.35(2.45)(1.06)(4.93)(6.55)(14.05)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue24.7824.2526.4824.4126.6927.5322.0824.93
Revenue growth (YoY)-7.2%-11.9%+19.9%-2.1%-21.0%-9.7%--
Other income0.130.120.160.070.300.154.640.20
Total expenses19.6219.8221.5119.5120.0718.8318.4519.43
EBITDA5.164.434.974.906.628.703.635.50
EBITDA margin+20.8%+18.3%+18.8%+20.1%+24.8%+31.6%+16.4%+22.1%
Depreciation1.491.411.401.461.091.292.681.09
Interest2.182.102.092.282.081.761.901.95
Profit before tax1.621.041.641.233.755.803.692.66
Tax0.370.420.310.261.061.481.040.76

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 11 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue29.4426.5627.7924.6226.8827.8622.3525.10
Revenue growth (YoY)+9.5%-4.7%+24.3%-1.9%-20.9%-9.3%--
Other income0.070.200.290.080.340.154.640.23
EBITDA6.635.845.994.976.638.903.775.54
EBITDA margin+22.5%+22.0%+21.6%+20.2%+24.7%+31.9%+16.9%+22.1%
Depreciation1.551.451.431.481.111.322.711.11
Interest2.622.342.112.302.101.781.921.97
Profit before tax2.532.252.741.273.765.953.782.69
Tax0.920.800.480.301.101.551.100.78
Net profit1.611.452.260.972.664.402.681.91
EPS (₹)0.160.170.270.120.320.530.320.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10711297.3978.2493.6284.5373.85
Revenue growth-4.5%+15.2%+24.5%-16.4%+10.8%+14.5%-
Other income0.865.271.050.930.730.650.55
Total expenses80.6785.6475.5368.4471.5776.7466.36
Employee cost40.6839.7035.6432.4932.4430.8431.10
EBITDA26.4826.5521.869.8022.057.797.49
EBITDA margin+24.7%+23.7%+22.5%+12.5%+23.6%+9.2%+10.1%
Depreciation5.345.804.082.872.121.641.16
Interest8.297.815.432.642.401.194.66
Profit before tax13.7118.2113.405.2218.265.612.22
Tax3.425.003.891.504.781.650.60
Net profit10.1910.879.713.7113.494.091.62
Net profit margin+9.5%+9.7%+10.0%+4.7%+14.4%+4.8%+2.2%
EPS (₹)1.251.611.160.481.800.540.22
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital16.4616.3916.3315.6814.9714.7914.79
Reserves & surplus85.0976.2263.6849.5942.7629.6025.39
Shareholders' funds (net worth)10292.6180.0166.5257.7344.3940.18
Minority interest0.000.000.000.000.000.000.00
Secured loans62.2543.728.157.289.1110.1615.10
Unsecured loans12.6910.5513.6014.278.208.162.66
Total debt74.9454.2721.7521.5517.3118.3217.76
Total liabilities17614710288.0775.0462.7057.94
Assets
Gross block42.6434.7435.2133.3221.7920.1010.23
Net block23.9519.4322.0723.6414.8415.186.18
Capital work in progress0.000.000.000.000.440.100.15
Investments13.9112.605.005.744.683.666.72
Inventories0.000.000.000.000.000.000.00
Sundry debtors16.1814.1216.6120.1121.3318.3223.52
Cash & bank balances13815311056.9712597.3448.76
Loans & advances46.1615791.8358.9243.0257.1254.79
Total current assets201323219136190173127
Total current liabilities11623615578.5413613387.03
Net working capital84.6887.5664.1957.4653.2539.9540.04
Total assets17614710288.0775.0462.7057.94
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash12.4411.1023.1783.9261.1130.1218.46
Net cash from operating activities(4.38)(23.16)(12.79)(72.12)27.8947.321.56
Net cash from investing activities(3.82)(0.74)3.2912.38(0.12)(9.78)24.15
Net cash from financing activities6.6225.25(2.57)(1.01)(4.96)(6.55)(14.05)
Net change in cash(1.58)1.34(12.07)(60.75)22.8130.9911.66
Closing cash13815311056.9712597.3448.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-4.5%+15.2%+24.5%-16.4%+10.8%+14.5%-
EBITDA growth-0.3%+21.5%+123.1%-55.6%+183.1%+4.0%-
PBT growth-24.7%+35.9%+156.7%-71.4%+225.5%+152.7%+105.6%
Net income growth-6.3%+12.0%+161.7%-72.5%+229.8%+152.5%-
Revenue CAGR (3Y)+11.1%+6.2%+4.8%+1.9%-0.7%-1.3%+3.9%
EBITDA CAGR (3Y)+39.3%+6.4%+41.1%+9.4%+33.9%-28.3%+13.1%
Profitability & leverage
Net income margin+9.6%+11.8%+9.8%+4.8%+14.4%+4.7%+2.2%
Return on capital employed+13.6%+18.3%+19.8%+9.7%+30.0%+11.3%+11.1%
Return on net worth+10.6%+12.6%+13.0%+6.0%+26.4%+9.4%+4.1%
Debt / equity0.670.440.300.310.350.430.58
Long-term debt / equity0.620.440.250.180.160.130.07
Interest cover39.2137.6430.5438.1012.0419.3573.62
Efficiency & per share
Fixed asset turnover2.793.362.872.874.505.627.84
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover7.137.645.363.824.764.071.99
EPS (₹)1.251.611.160.481.800.540.22
Dividend per share (₹)0.200.300.150.100.300.200.00
Book value per share (₹)12.3411.309.808.337.716.005.43
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue24.7824.2526.4824.4126.6927.5322.0824.93
Revenue growth (YoY)-7.2%-11.9%+19.9%-2.1%-21.0%-9.7%--
Other income0.130.120.160.070.300.154.640.20
Total expenses19.6219.8221.5119.5120.0718.8318.4519.43
EBITDA5.164.434.974.906.628.703.635.50
EBITDA margin+20.8%+18.3%+18.8%+20.1%+24.8%+31.6%+16.4%+22.1%
Depreciation1.491.411.401.461.091.292.681.09
Interest2.182.102.092.282.081.761.901.95
Profit before tax1.621.041.641.233.755.803.692.66
Tax0.370.420.310.261.061.481.040.76
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue10511196.2276.5792.6883.7473.04
Revenue growth-5.6%+15.7%+25.7%-17.4%+10.7%+14.7%-
Other income0.675.251.061.330.730.650.55
Total expenses79.9285.1274.9268.0270.8876.0465.57
Employee cost40.4539.5535.6132.4432.1630.8431.10
EBITDA25.1926.2121.308.5521.807.707.47
EBITDA margin+24.0%+23.5%+22.1%+11.2%+23.5%+9.2%+10.2%
Depreciation5.245.693.852.802.091.641.16
Interest8.217.725.262.642.401.194.66
Profit before tax12.4118.0513.254.4418.045.522.20
Tax3.124.843.741.284.741.620.63
Net profit9.1910.859.672.8713.304.031.57
Net profit margin+8.7%+9.8%+10.1%+3.8%+14.4%+4.8%+2.2%
EPS (₹)1.131.611.160.401.780.530.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital16.4616.3916.3315.6814.9714.7914.79
Reserves & surplus82.7074.8162.2748.1941.9328.9324.77
Shareholders' funds (net worth)99.1691.2078.6065.1256.9043.7239.56
Secured loans62.2543.728.157.289.1110.1615.10
Unsecured loans11.929.7412.7814.278.208.162.66
Total debt74.1753.4620.9321.5517.3118.3217.76
Total liabilities17314599.5486.6774.2162.0357.32
Assets
Gross block41.5633.6734.2733.1021.5720.0810.23
Net block23.2518.6421.3023.5214.6515.166.18
Capital work in progress0.000.000.000.000.440.000.15
Investments13.5612.855.116.294.773.776.85
Inventories0.000.000.000.000.000.000.00
Sundry debtors16.2414.0816.3819.9521.1818.1323.26
Cash & bank balances13715110956.0312596.8148.50
Loans & advances45.7215691.4758.8942.9157.0054.47
Total current assets199321217135189172126
Total current liabilities11623615579.2813613386.94
Net working capital82.6685.8662.6055.5952.5139.2839.29
Total assets17314599.5486.6774.2162.0357.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash10.9210.0322.2383.2560.5829.8717.64
Net cash from operating activities(4.02)(23.43)(12.52)(72.82)27.6046.951.15
Net cash from investing activities(4.49)(1.03)2.7712.850.00(9.68)25.13
Net cash from financing activities6.7325.35(2.45)(1.06)(4.93)(6.55)(14.05)
Net change in cash(1.77)0.89(12.20)(61.03)22.6730.7212.23
Closing cash13715110956.0312596.8148.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-5.6%+15.7%+25.7%-17.4%+10.7%+14.7%-
EBITDA growth-3.9%+23.1%+149.1%-60.8%+183.1%+3.1%-
PBT growth-31.3%+36.2%+198.4%-75.4%+226.8%+150.9%+178.5%
Net income growth-15.3%+12.2%+236.9%-78.4%+230.0%+156.7%-
Revenue CAGR (3Y)+11.1%+6.3%+4.7%+1.6%-0.7%-1.0%+3.6%
EBITDA CAGR (3Y)+43.4%+6.3%+40.4%+4.6%+39.2%-28.1%+14.0%
Profitability & leverage
Net income margin+8.8%+11.9%+9.9%+4.1%+14.4%+4.7%+2.2%
Return on capital employed+13.0%+18.4%+19.9%+8.8%+30.0%+11.3%+11.1%
Return on net worth+9.8%+12.8%+13.2%+5.2%+26.5%+9.4%+4.0%
Debt / equity0.670.440.300.320.350.430.59
Long-term debt / equity0.630.440.240.180.160.130.07
Interest cover41.1537.6230.1445.9112.1819.6473.85
Efficiency & per share
Fixed asset turnover2.813.432.892.854.495.577.76
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover6.987.655.363.794.754.081.98
EPS (₹)1.131.611.160.401.780.530.21
Dividend per share (₹)0.200.300.150.100.300.200.00
Book value per share (₹)12.0511.139.628.157.605.915.35

Timeline of LKP

3 dated milestones of LKP across 70 years, from founding to its latest funding, stage changes and deals.

  1. Founded LKP is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Exit Acquired by Essel Group.

Web traffic of LKP

The website of LKP (lkpsec.com) receives about 11.4K visits a month and ranks #1,406,944 among all websites worldwide, #11,594 in Investing.

  • Monthly visits
    11.4K

    ▼ 47.3% vs previous month

  • Unique visitors
    9K

    per month

  • Global rank
    #1,406,944

    among all websites

  • Category rank
    #11,594

    Finance · Investing

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••••••••••••••••.com••%•.•M#•••••–
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Top companies in Brokers and Dealers

3 companies that operate in the same segment as LKP (Brokers and Dealers) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
India Infoline
Trading in stocks, mutual funds, and commodities is facilitated.
1995Mumbai, Maharashtra, IndiaUSD 263.15 M1,328
HDFC securities
Trading and investment services are provided through an online platform.
2000Mumbai, Maharashtra, IndiaUSD 363.34 M3,730
Anand Rathi Group
Financial services encompassing wealth management and stock brokerage are offered.
1994Mumbai, Maharashtra, IndiaUSD 312.52 KUSD 133.56 M1,072
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Frequently Asked Questions about LKP

LKP was founded in 1948.

LKP is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Pratik Doshi is the CEO of LKP, as recorded in our data.

LKP has 362 employees.

The primary company behind LKP, Lkp Securities Limited, reported revenue of ₹108 Cr for FY 2026, down 4% year on year.

LKP was founded in 1948 in Mumbai, India, within the financial services sector. Access to equities, derivatives, commodities, and currency trading is facilitated through its platform. Investment options such as mutual funds, IPOs, and fixed deposits are made available. Research reports, trading tools, and advisory services tailored to individual risk profiles and needs are offered. Account management and fund transfer support are also handled for clients.

LKP offers Equity Trading and Derivatives.

Yes, LKP is publicly traded on BSE under the ticker symbol LKPSEC.

LKP has 1 investor. Key investors include Essel Group.

LKP operates through Lkp Securities Limited.

Yes. LKP was acquired by Essel Group in May 2018.

The legal entities of LKP currently have 9 directors, including Pratik Mahendra Doshi, Sajid Mohamed, Ganesh Arun Malhotra and others.

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