STCI Primary Dealer Limited (STCI PD) was incorporated in October 2006 as a wholly owned subsidiary of Securities Trading Corporation of India Finance Limited (STCI Finance Limited) undertaking Primary Dealership business. STCI Finance Limited was promoted by Reserve Bank of India (RBI) in 1994 along with Public Sector Banks and All-India Financial Institutions with the objective of developing an active, deep & vibrant secondary debt market. STCI Primary Dealer Limited commenced operations with effect from June 25, 2007 in line with the Reserve Bank of India guidelines on diversification of business activities by Primary Dealers.

STCI Finance Limited was one of the first accredited Primary Dealers in the Indian government securities market and has contributed immensely to the development of the Indian fixed income market. RBI divested its stake in STCI Finance Limited to banks and financial institutions in 1999 and 2002.