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Over 10 fire tenders were rushed to the spot to extinguish the fire that began last evening. The flames are yet to be doused, MIDC fire station officer R B Patil said. The company could not be contacted immediately.
As per preliminary reports, the fire broke out due to a short-circuit and spread to the basement, Patil said. Stock Holding Corporation is the largest custodial and depository services provider acting as an intermediary between the stock market investors, brokers and exchanges.
Set up in 1986 as a public limited company, it is jointly promoted by leading banks and financial institutions and is a subsidiary of IFCI.