SKUNG has been founded & promoted by the “SOMANI GROUP” owned by the descendants of the "SOMANI" family popularly known as the "Dhuliawalas",originating from Didwana(Rajasthan).Their business roots date way back to 1664 as bankers, cotton ginners, manufacturers, distributors / dealers of agri-products etc.
The Group presently controls one of the leading steel manufacturing company of North India engaged in the manufacture of Long Steel Products which includes Mild Steel TMT & CTD Rebars, Wire Rods , Wires , Cut and Bend Steel & Structurals. The business interests of the SOMANI Group span from Steel Manufacturing, Real Estate & Non Banking Finance Companies to SKUNG the Financial Services Arm of the Group.
Formation of the companies SKUNG Tradelink Limited and SKUNG Commxperts Limited
SKUNG Tradelink Limited acquires membership of NSE & BSE in Cash and Derivative , MCX-Sx , NSe-Cd , USE
SKUNG Commxperts Limited acquires membership of MCX & NCDEX
Becomes a Depository Participant of CDSL
Opens branch in Jaipur and Haridwar
Branch opened in Indore
Branches opened in New Delhi, Kolkata, Ahmedabad, Hyderabad, Bengaluru
Became an Insurance Repository of CDSL , acquired membership of Wholesale Debt Market segment of NSE and membership of BSE Currency segment
Launch of Discount Broking division