The Company started it operation on 06th Nov 1991 headed by Mr. Ramesh Behal who had a core experience of more than 40 years in equity markets. He started a Partnership firm in the name of Pace Financial Services with a very small office and was dealing in Primary Market Operations. In the Early days only the company did became No1..in procurement of Reliance Petroleum IPO in the Dehradun.
In 1993-94 it built its team of 25 Associates for distributing IPO’s, Fixed Deposits and Bonds. Mr. Kapil Behal was also involved in some of the activities of the firm since starting.
In 1995, Mr. Kapil Behal joined the business fully taking a step forward for the firms.
In 1996 He was also made the District Organizer for SBI MUTUAL FUND for Dehradun and surrounding Areas.
In 1996 -1997 the company started its Equity Market operations.
In 1998 the Partnership Firm was converted into Proprietor Firm in the name of Pace Securities on 01st April 1998 which is a leading distributor in Mutual Funds, Primary market Operations and Third party Products, and for the Equity Brokering Business a new Firm was formed in the name of Sainath Investments.
In 1999 the firm joined hands as a Sub Broker with Motilal Oswal Securities Ltd currently known as Motilal Oswal Financial Services Ltd.
In 2000 SNI was one of the few sub brokers who got Motilal Oswal Financial Services Ltd to North India. In early 2000 SNI started the LIVE CDSL operation through MOSL for their clients.
In 2002 the company stepped in the market of Hardwar with an associate to cater the Hardwar clients.
In 2003 the company opened their own Branch Operations in Hardwar.
In 2004 Seeing the challenges and requirement of more Transparency the Company in Feb 2004 moved from the concept of Sub Broker to Franchisee mode with Motilal Oswal Securities Ltd now known as Motilal Oswal Financial Services Ltd.
In 2005-2006 the Company registered highest No. of Demat Accounts and Trading Accounts.