Mehul Sheth

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.

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.

Ambit Capital Pvt Ltd. (Ambit) is a brokerage firm headquartered in Mumbai, India. The firm was founded in 2005 and is a subsidiary of Xero Ltd. (ASX: XRO) in New Zealand. Ambit provides customized execution services to family office, HNIs and professional investor clients. They offer innovative tactical trade ideas for special situations, Futures & Options and derivative trading, hedging strategies, block trades and Interest Rate Futures.

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.

Antique Stock Broking Ltd. is the broker/dealer subsidiary of Investment Trust of India Ltd. (NSE: THEINVEST) in India. Headquartered in Mumbai, the firm offers Equities and Derivatives broking services to high net-worth individuals and institutional investors.

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.

Goldman Sachs (India) Securities Pvt Ltd. (GS India) is the India-based broker-dealer subsidiary of Goldman Sachs Securities Co. Ltd., ultimately held by The Goldman Sachs Group, Inc. (NYSE: GS) in the US. Headquartered in Mumbai, GS India was founded in 2006 and provides execution services to corporate and institutional clients.

Part of Reliance Capital Ltd., Reliance Securities Ltd. is an Indian company that provides brokerage services. The company is based in Mumbai, 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.

HSBC Securities & Capital Markets (India) Pvt Ltd. (HSBC Securities India) is a securities brokerage firm headquartered in Mumbai, India. The firm was founded in 1994 and is a subsidiary of HSBC Investment Bank Holdings BV, ultimately held by HSBC Holdings Plc (LON: HSBA) in Great Britain. HSBC Securities India offers services in Investment Banking (IB), Infrastructure and Real Estate, Equities research and stock broking. Infrastructure and Real Estate Group services are provided to governments, large corporates and top-tier banks. Equities research and stock broking primarily cater to the institutional client base which includes foreign institutional investors, foreign portfolio investors, local institutions, mutual funds, insurance companies, and select high net worth and corporate clients.

SBICAP Securities Ltd. (SSL) is the wholly-owned brokerage subsidiary of SBI Capital Markets Ltd., itself a subsidiary of the Indian Government's State Bank of India (BOM: 500112, NSE: SBIN). The firm was created in 2006 to take over the broking operations of SBI Capital Markets Ltd., which was founded in 2001. Headquartered in Mumbai, SSL provides broking services to a range of investors including financial institutions, FIIs, mutual funds, banks, corporates, high-net worth individual, non-residential investors and retail Indian investors. Its broking product range covers Institutional and Retail Equity, Derivatives, Depository Participant services, On-Line trading and a wide variety of Third Party Distribution products.

Prabhudas Lilladher Pvt Ltd. (PL) is an investment research firm headquartered in Mumbai, India. The firm was founded in 1983 and provides various global equity research reports for institutional and retail clients. PL covers over 150 stocks that span across 20 mid and large sectors. Their Research Desk is comprised of dedicated teams for technical and fundamental research, conducting painstaking research to beat the market time and again. The lab has internally developed analytical tools and models that have consistently provided clients with an edge over the market. The findings of the research team take shape in the form of their various daily, monthly and quarterly; fundamental & technical research reports.

Part of S & P Global, Inc., CRISIL Research is an Indian company that provides investment research. The company is based in Mumbai, India and was founded in 2010.

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.

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.

Batlivala & Karani Securities India Pvt Ltd. (B&K Securities) is an independent brokerage firm headquartered in Mumbai, India. Founded in 1998, B&K Securities offers investment and financial services such as equity, debt, currency and derivatives research, sales and trading for institutional and corporate clients.

Nomura Financial Advisory & Securities (India) Pvt Ltd. (NFASPL) is a brokerage firm headquartered in Mumbai, India. The firm was founded in 2007 and is a subsidiary of Nomura Holdings, Inc. (TYO: 8604) in Japan. NFASPL provides stock broking, merchant banking and research to various investors.

Part of 63 Moons Technologies Ltd., TickerPlant Ltd. is an Indian company that provides financial data management services. The company is based in Mumbai, India. The company was founded in 2005. Dewang Sunderraj Neralla has been the CEO of the company since 2012.

Religare Capital Markets Ltd. (Broker) (RCM Broker) is the brokerage division of Religare Capital Markets Ltd., which is ultimately held by Raligare Enterprises Ltd. (NSE: RELIGARE). The firm is headquartered in Mumbai and was founded in 2011. RCM Broker provides brokerage services and equity research to their clients.

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.

HDB Financial Services Ltd. is a non-banking financial company, which engages in the provision of loan products and insurance services. It operates through the Lending Services and Business Process Outsourcing (BPO) Services segments. The Lending Services segment offers secured and unsecured loans for individual and business clients. The BPO Services segment includes back and front office services such as form processing, documents verification, finance and accounting services, correspondence management, contact center management, outbound marketing, and collection services. The company was founded on June 4, 2007 and is headquartered in Mumbai, India.

Part of Bank of Baroda, BOB Capital Markets Ltd. is an Indian company that provides brokerage services. The private company is based in Mumbai, India. Ratnesh Kumar has been the CEO of the company since 2016.

Part of Caledonia Investments Plc, Marwadi Shares & Finance Ltd. is an Indian company that provides securities and commodity brokerage services. The company is based in Rajkot, India. The company was founded in 1992. Ketan Marwadi has been the CEO of the company since 1992. Marwadi Shares & Finance was acquired by Amber 2010 Ltd. from India Capital Growth Fund Ltd. on August 26, 2011 for $7.27 million.

JM Financial Institutional Securities Ltd. (JMF-IS) is the securities arm of JM Financial Services Ltd., which is owned by JM Financial Ltd. (NSE: JMFINANCIL), an integrated financial services group based in India. Headquartered in Mumbai, the firm was founded in 1995 as ASK-Raymond James & Associates Pvt Ltd., a joint venture between India-based ASK Investment and Financial Consultants Ltd., US-based Raymond James Financial, Inc. and Bharat Shah. JMF-IS provides trade execution services as well as research and analysis with a strong focus on the Indian economy. Their clients are domestic and offshore institutions, high-net worth individuals and non-resident Indians.

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.

Part of STCI Finance Ltd., Standard Chartered Securities (India) Ltd. is an Indian company that provides brokerage services. The company is based in Mumbai, India. The company was founded in 1994. Rajeev R. Srivastava has been the CEO of the company since 2021. Standard Chartered Securities (India was acquired by STCI Finance Ltd. on February 02, 2006 for $60.06 million.

HDFC Asset Management Co. Ltd. (Investment Management) (HDFC-IM) is the fund management division of HDFC Asset Management Co. Ltd. (NSE: HDFCAMC), which is ultimately owned by HDFC Bank Ltd. (NSE: HDFCBANK) in India. The firm was founded in 1999 as a joint venture between HDFC and Standard Life Investments Ltd. Headquartered in Mumbai, HDFC-IM manages a range of mutual funds and provides portfolio management and advisory services for institutional investors and private individuals.