Vishal Periwal

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.

Anand Rathi Financial Services Ltd. (ARFS) is an independent securities brokerage firm headquartered in Mumbai, India. The firm was founded in 1994 as Anand Rathi Securities Ltd. ARFS provides Indian equities trading capabilities in the mid and small-cap companies to institutions, corporations, high net-worth individuals and families.

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.

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.

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.

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.

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.

SBI Life Insurance Co. Ltd. (Investment Portfolio) (SBI Life-IM) is the investment portfolio division of SBI Life Insurance Co. Ltd., an insurance company headquartered in Mumbai, India. The firm was founded in 2000 as a joint venture between State Bank of India and BNP Paribas Assurance. They are a subsidiary of government-owned State Bank of India (NSE: SBIN). SBI Life-IM manages the investment portfolio of insurance clients.

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.

Asian Markets Securities Pvt Ltd. is a financial service firm based in Mumbai, IN. The private company was founded in 1997 by Kailash Biyani, who has been the CEO since then. Asian Markets Securities specializes in equity markets and offers a range of services, including institutional research and broking, portfolio management services, equity and mutual fund advisory services. Asian Markets Securities has over three decades of experience in institutional trading and research, and its team of analysts delivers winning ideas across 12 sectors with a unique combination of differentiated insights and corporate and channel connections. The company's office is located at B-709, Express Zone, Western Express Highway, Opp Adani Electricity, Malad East, Mumbai, MH 400097. The company has transformed from a traditional Indian brokerage arbitrage firm to a full-service financial powerhouse.

Monarch Networth Capital Ltd. (Broker) (MNCL-Broker) is the securities brokerage division of Monarch Networth Capital Ltd. (BOM: 511551), headquartered in Mumbai, India. The firm was founded in 1993 as a strategic amalgamation of two financial service providers Monarch Group of Companies and Networth Stock Broking Ltd. MNCL-Broker provides stock broking services to retail, corporate, and high net-worth individuals.

Ashika Capital Ltd. is the brokerage subsidiary of Ashika Global Securities Pvt Ltd., which is ultimately held by Ashika Group. The firm is headquartered in Mumbai and was founded in 2000. Ashika Capital provides brokerage services to their clients.

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.

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.

IFCI Financial Services Ltd. is a financial services company founded in 1995. The company is based in Chennai, India. The Indian company's description was not provided, but it appears to offer a range of financial services, including equity trading, mutual funds, fixed deposits, insurance, and research. The company is a subsidiary of IFCI Ltd. and ultimately controlled by the Government of India. The company provides a warning to investors to be aware of fraudsters and not to disclose their user ID and passwords to anyone.

Ageas Federal Life Insurance Co. Ltd. (Ageas Federal) is an insurance firm headquartered in Mumbai, India. The firm was founded as IDBI Federal Life Insurance Co. Ltd. in 2007 through a joint venture between IDBI Bank (IDBI) and Federal Bank. They changed their name to Ageas Federal Life Insurance in 2021 after IDBI sold its stakes to Ageas Insurance International NV. Ageas Federal offers life insurance solutions for individuals and corporate clients.

Dimensional Securities Pvt Ltd. is an independent broker-dealer firm headquartered in Mumbai, India. The firm provides full spectrum of broking services to retail and institutional investors.

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.

Haitong Securities India Pte Ltd provides online share trading services. The company is headquartered in Mumbai, India.

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.

JHP Securities Pvt. Ltd. is an independent brokerage firm headquartered in Mumbai and was founded in 1997. The firm provides broking and equity portfolio management services.

Nayan M. Vala Securities Pvt Ltd. (NMVS) is an independent brokerage firm headquartered in Mumbai and was founded in 1989. The firm provides brokerage services to their clients.

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.

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 Capital Ltd. is an institutional brokerage firm headquartered in Mumbai, India. The firm was founded in 2005 and is a subsidiary of Axis Bank Ltd. (NSE: AXISBANK). Axis Capital offers an entire suite of execution services across cash and derivatives segments – with high touch and electronic trading capabilities for all their clients with access to unique pools of liquidity across large and mid-market segments.