The Company started it operation in 1991 headed by Mr. Ramesh Behal who has a core experience of more than 40 years in equity market as 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 joined the business in 1995 talking a step forward for the companies.

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. Later on the Partnership Firm was converted into Proprietor Firm in the name of Pace Securities and on 01st April 1998 which is a leading distributor in Mutual Funds, Primary market Operations and for the Equity Brokering Business a new Firm Sainath Investment started Operations.