Binod Modi

Motilal Oswal Securities Ltd. (MOSL) is a diversified brokerage firm headquartered in Mumbai with an extensive network of branch offices throughout India. The firm is a subsidiary of Motilal Oswal Financial Services Ltd. (NSE: MOTILALOFS). MOSL provides research-based brokerage services that covers equity and derivatives. Their clients are international institutions from the US the UK, Hong Kong and Singapore, as well as corporations, high-net worth individuals and retail investors.

Kisan Ratilal Choksey Shares & Securities Pvt. Ltd. is an independent securities brokerage firm headquartered in Mumbai, India. Founded in 1979, the firm offers trading services to high net-worth individuals, corporates, NRI, mutual funds, as well as other financial institutions.

Angel One Ltd. (Broker) (Angel One-Broker) is the stockbroker division of Angel One Ltd. (NSE: ANGELONE), a Fintech firm headquartered in Mumbai, India. The firm was founded in 1987 and formerly known as Angel Broking Ltd. Angel One-Broker provides full-service broking services to retail clients through various platforms.

Emkay Global Financial Services Ltd. (Broker) (Emkay-Broker) is the securities brokerage division of Emkay Global Financial Services Ltd. (NSE: EMKAY), a publicly held financial services company headquartered in Mumbai, India. Founded in 1995, Emkay-Broker offers commodities, currency derivatives and retail broking services to various investors.

Dolat Capital Market Pvt Ltd. is an independent brokerage firm headquartered in Mumbai, India. The firm was founded in 1970 to offer equity research services, trade execution and settlement (equities and derivatives) to institutional clients. They specialize in the Indian mid-market coverage across sectors.

Systematix Shares & Stocks (India) Ltd. is the securities brokerage subsidiary of Systematix Group in India. Headquartered in Mumbai, the firm provides broking services to an array of clients such as Foreign Institutional Investors, Domestic Financial Institutions, Insurance Companies, Bank Treasuries, Corporates, Corporate Treasuries, Promoters, Ultra HNIs, HNIs and retail investors.

Karvy Stock Broking Ltd. (KSBL) is an independent brokerage firm headquartered in Hyderabad, India. The firm offers stock broking services to corporate, institutions and individual investors. Their services include share trading, currency trading, demat services and investment in various financial products at competitive brokerage charges in each segment. KSBL offers a user-friendly online trading platform in the industry that provides the benefits of trading in equities, derivatives and currencies. It also facilitates investments in bonds, NCDs, exchange traded funds (ETF) and mutual funds.

Religare Securities Ltd. (RSL) is the wholly-owned securities brokerage subsidiary of Religare Enterprises Ltd. (NSE: RELIGARE) in India. Headquartered in Mumbai, the firm was founded in 2017 and they offer broking services in Equity, Currency and Commodity as well as depository participant services. RSL serves over 10 lakh clients across both Offline and Online platforms.

Part of IndiaNivesh Ltd., IndiaNivesh Securities Ltd. is a Mumbai-based company that offers online share trading, financial updates, and a range of investment options such as equities, mutual funds, commodities, currencies, private equity, and portfolio management services. The company provides tailored brokerage solutions and advisory services, and clients can access their online share trading account from their mobile, tablet, and desktop. IndiaNivesh Securities also offers research reports on different financial products such as equity, mutual fund, commodity, and currency. The company was founded by Dinesh Kumar Nuwal, who has been the CEO since incorporation. IndiaNivesh Securities was acquired by Sanyei Corp. Ltd. on February 02, 2006 for $1.13 million.

HDFC Securities Ltd. is a securities brokerage firm headquartered in Mumbai, India. The firm was founded in 2000 and is a subsidiary of HDFC Bank Ltd. (NSE: HDFCBANK). HDFC provides brokerage services across different asset classes such as equity, gold, debt, real estate, stocks, derivatives, mutual funds, fixed deposits, NCDs, insurance, bonds and currency derivatives.

DAM Capital Advisors Ltd. (Broker) (DAM Capital-Broker) is the securities broker division of DAM Capital Advisors Ltd., an integrated full-service equity-focused Investment Bank and Institutional Equities platform headquartered in Maharashtra, India. The firm was founded in 1993 and formerly known as IDFC Securities Ltd. DAM Capital-Broker offers proficient and effective research and broking services to marquee global and local institutions investing in Indian equities.

ICICI Securities Ltd. (Broker) is the brokerage division of ICICI Securities Ltd., a subsidiary of ICICI Bank Ltd. (NSE: ICICIBANK) in India. Headquartered in Mumbai, the firm was founded in 1995 and offers retail trading and investment services for corporates, financial institutions, high net-worth individuals and retail investors.

Cognizant Technology Solutions India Pvt Ltd. develops computer software; provides computer maintenance services. The company is headquartered in Chennai , India.

Part of Centrum Capital Ltd., Centrum Broking Ltd. is an Indian brokerage company. The company is based in Mumbai, India. The company was founded in 1977. Nischal Maheshwari has been the CEO of the company since 2018.

Edelweiss Financial Services Ltd. (Broker) (Edelweiss-Broker) is the securities broker division of Edelweiss Financial Services Ltd. (NSE: EDELWEISS), an investment and financial services company headquartered in Mumbai, India. The firm was founded by Rashesh C. Shah in 1996. Edelweiss-Broker provides broking services to global and domestic institutional investors.

Oracle India Pvt. Ltd. develops database management software solutions. It provides software for managing business data, supporting business operations and facilitating collaboration, and application development. The company was founded on January 18, 1993 and is headquartered in Saket, India.

Indiabulls Asset Management Co. Ltd. (Indiabulls AMC) is a mutual fund management firm headquartered in Mumbai, India. Founded in 2008, the firm was acquired in 2023 by Nextbillion Technology Pvt Ltd., a subsidiary of Billionbrains Garage Ventures Pvt Ltd. Indiabulls AMC provides portfolio management services to Indiabulls mutual fund range.

NVS Brokerage Pvt. Ltd. is an independent securities brokerage firm headquartered in Mumbai, India. Founded in 1999, the firm is a specialized financial services firm engaged in Equities and Fixed Income Sales & Trading. They are a member of Bombay Stock Exchange, engaged in the business of Stock Broking, Wholesale Debt Market Broking, Mutual Fund distribution, Corporate Finance, Promoters Funding, Arranging Inter Corporate Finance, Investment Banking Advisory, Real Estate Advisory and Private Equity Arrangers.

Part of Ford Motor Co., Ford Credit Kotak Mahindra Ltd. is an Indian company that provides consumer financing services. The company is based in Mumbai, India. Ford Credit Kotak Mahindra was acquired by Ford Credit International LLC from Kotak Mahindra Bank Ltd. on February 20, 2006.

Khambatta Securities Ltd. (KSL) is an independent brokerage firm headquartered in Mumbai and was founded in 1918. The firm provides financial and broker-dealer services in cash equity and equity derivative markets.

First Global Stockbroking Pvt Ltd. (FGS) is the brokerage subsidiary of First Global. Headquartered in New Mumbai, the firm was founded by Devina Mehra and Shankar Sharma and provides investment analysis to their clients.

Nirmal Bang Equities Pvt Ltd. is the brokerage subsidiary of Nirmal Bang Financial Services in India. Headquartered in Mumbai, the firm was founded in 1986 and offers corporate houses and institutions dealing capabilities on India stock exchanges (NSE and BSE) in the cash and derivatives segments. This unit has devised a process driven approach to address the needs of institutional clients who have unique and specialized investment needs. Their specialized services consist of the most experienced market professionals and Institutional Broking Services are backed by an insightful research team who provide the most in-depth reports on the markets.

Quantum Information Services Pvt Ltd. provides investment and retirement planning services. The company was founded on December 19, 1989 and is headquartered in Mumbai, India.

IL&FS Broking Services Pvt. Ltd. is the brokerage subsidiary of IL&FS Financial Services Ltd., which is ultimately held by Infrastructure Leasing & Financial Services Ltd. The firm is headquartered in Mumbai and was founded in 1999. IL&FS provides brokerage services to their clients.

PhillipCapital (India) Pvt Ltd. is the Indian securities brokerage subsidiary of Phillip Securities Pte Ltd., which is owned by PhillipCapital in Singapore. Headquartered in Mumbai, the firm was founded in 2012 and offers brokerage services across the asset classes of cash and derivatives (equities, commodities and currencies), Advisory Services, Distribution of IPOs/Mutual Funds/Insurance etc., Research Services, Demat services, Clearing Services, Portfolio Management Services (PMS) and Merchant Banking Services to Corporates, Foreign & Domestic Institutions, High Net Worth Individuals (HNI) and Retail clients.

Sunidhi Securities & Finance Ltd. is a brokerage firm founded in 1985. The private company is based in Santacruz (East) Mumbai, India. The Indian company provides brokerage services.

Almondz Global Securities Ltd. (Broker) (AGSL) is the broker/dealer division of Almondz Global Securities Ltd. (NSE: ALMONDZ). The firm was founded in 1994 and formerly known as Almondz Capital Markets Pvt Ltd. Headquartered in New Delhi, AGSL is a trading and clearing members for equities and derivatives with NSE and BSE, SEBI Registered Merchant Bankers, Depository participant with CDSL, Corporate Finance, Debt Portfolio Management and Distribution. They provide execution services to individual and institutional clients - Domestic Financial Institutions, Mutual Funds, Banks, etc.

Elara Securities (India) Pvt Ltd. (Elara Securities India) is a securities brokerage firm headquartered in Mumbai, India. The firm was founded in 2007 and is a subsidiary of Elara Capital (India) Pvt Ltd., which is owned by Elara Capital Plc in Great Britain. Elara Securities India is a market maker across Indian cash equities and equity derivatives and offers execution services across a host of platforms, state of the art services in term of DMA, algorithm trading, and state of the art programs. They serve long only funds, hedge funds and asset management companies and private banks amongst other institutions.

Axis Asset Management Co. Ltd. (Axis AMC) is the fund management subsidiary of Axis Bank Ltd. (BOM: 532215, NSE: AXISBANK) in India. Headquartered in Mumbai, Axis AMC was founded in 2009 and manages a range of equity, debt and hybrid mutual funds for individual and institutional investors.

D.E. Shaw India Securities Pvt Ltd. is an investment and technology development firm based in Mumbai, India.

InCred Research Services Pvt Ltd. (InCred Research) is an investment research firm headquartered in Mumbai, India. The firm was founded by Devesh Kumar and Bhupinder Singh. They are a subsidiary of InCred Financial Services Ltd., which is ultimately owned by KKR & Co., Inc. (NYSE: KKR) in the US. InCred Research provides equities research and trading services in Indian companies to clients across Institutions/Corporates, Ultra-High/High-Net-Worth Individuals and Small and Medium Enterprises.

Nippon Life India Asset Management Ltd. (Investment Management) (NAM India-IM) is the asset management division of Nippon Life India Asset Management Ltd., which is owned by Nippon Life Insurance Co. in Japan. Formerly known as Reliance Capital Asset Management Ltd. and as Reliance Nippon Life Asset Management Ltd., the firm was founded in 1995 as the investment manager of Nippon India Mutual Fund. Headquartered in Mumbai, NAM India-IM manages mutual funds for private clients as well as pension funds, managed accounts and offshore funds. They are a socially responsible investor which aims to influence and mobilize stakeholders to integrate responsible business practices into their processes.

Kotak Securities Ltd. (KSL) is an equity brokerage firm headquartered in Mumbai, India. The firm was founded in 1994 and is a subsidiary of Kotak Mahindra Bank Ltd. (NSE: KOTAKBANK). KSL offers a full-service stock broking service to retail and institutional investors across all segments of the capital market. Through a tie-up with partner brokers, they also provide direct access to the US markets.