According to ABN Amro Securities' managing director Vishnu Deuskar: "It has been a remarkable achievement considering the company was set up only in November'98, with 1999-2000 being the first full year of operations."

The company has been promoted by ABN Amro (Netherlands) with a 75 per cent stake held by the holding company and the remaining 25 per cent stake being distributed among the Indian partners-JR Desai, Yash Birla and the Birla family. The company specialises exclusively in debt market and is also a primary dealer in government securities.

The company had managed several debt issues including Reliance, GE-Caps, IPCL, HPCL, Konkan Railways and Nirma. "The company had come out with the first strips (separately tradable interest and principal systems) debenture and staggered pay-in debenture," said Deuskar.

The company has been ranked number one by Prime Database for private placement of all debt for private sector companies for 1999-2000. The company raised Rs 2,458.50 crore, which represented around 35.9 per cent of the total market share. I-Sec came second with a market share of 23.4 per cent.

ABN Amro Securities has come third for the total amount raised for private placement of all debt (pro-rata) during the period. SBI Caps headed this category with a market share of 13.8 per cent, raising Rs 3,398.74 crore with I-Sec came second with a market share of 11 per cent. ABN Amro had a market share of 8.l5 per cent and has managed Rs 3,353.50 crore.