Raj Kiran Gandhi

Aditya Birla Sun Life AMC Ltd. (Investment Management) (ABSLAMC-IM) is the investment management division of Aditya Birla Sun Life AMC Ltd. (NSE: ABSLAMC), a publicly-listed investment company headquartered in Mumbai, India. The firm was founded in 1994 and formerly known as Birla Sun Life Asset Management Co. Ltd. They are a subsidiary of Aditya Birla Capital Ltd. (NSE: ABCAPITAL), which is owned by Grasim Industries Ltd. (NSE: GRASIM). ABSLAMC-IM acts as the investment manager of Aditya Birla Sun Life Mutual Fund (ABSLMF) and manages a variety of mutual funds, fund of funds and offshore funds for wholesale and retail clients.

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.

National Stock Exchange of India Ltd. operates as a stock exchange in India. It operates through the following segments: Trading Services, Clearing Services, Datafeed Services, Index Licensing Services, Strategic Investments, and Other segments. The company was founded on November 27, 1992 and is headquartered in Mumbai, India.

Northern Arc Capital Ltd. is a holding company, which engages in non-banking finance business. The firm provides liquidity and develops access to debt-capital markets for institutions that impact financially excluded households and enterprises. It operates through the following segments: Financing Activity, Investment Advisory Services, Investment Management Services, and Portfolio Management Services. The company was founded on March 9, 1989 and is headquartered in Chennai, India.

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.

Twentyfirst Century Shares & Securities Ltd. provides investment advisory services. Previously, it was a Trading Member of National Stock Exchange of India Limited (NSEIL) and was engaged in broking activities for Retail and Institutional Clients. The company is headquartered in Mumbai, India.

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.

Securities & Exchange Board of India provides commodity exchange services. The firm inspects the books of accounts of financial intermediaries and asks for regular returns from recognized stock exchanges. The company was founded on April 12, 1992 and is headquartered in Mumbai, India.

Sahara Asset Management Co. Pvt Ltd. (SAM) is a mutual fund manager firm headquartered in Mumbai, India. Formerly known as First India Asset Management Co. Ltd., the firm was founded in 1995 and is a subsidiary of Sahara Prime City Ltd. SAM serves as the investment manager for Sahara Mutual Fund schemes.

Life Insurance Corp. of India (Investment Portfolio) (LIC-IP) is the investment portfolio division of government-owned Life Insurance Corp. of India (LIC), a life insurance company headquartered in Mumbai, India. The firm was founded in 1956 by an Act of Parliament and specializes in micro-insurance plans, unit-linked health insurance and group and individual life insurance policies. LIC-IP manages the investment portfolio of insurance clients.

JPMorgan India Pvt Ltd. is the Indian broker-dealer subsidiary of JPMorgan Securities India Pvt Ltd. and their ultimate parent is JPMorgan Chase & Co. (NYSE: JPM) in the US. Headquartered in Mumbai, JPMorgan India provides clients in India with a comprehensive range of corporate and investment banking services.

Part of Edelweiss Financial Services Ltd., Edelweiss Capital Ltd. (Securities) is an Indian company that provides brokerage services. The company is based in Mumbai, India. The company was founded by Venkatchalam Arakoni Ramaswamy.

ICAP IL India Pvt Ltd. provides brokerage services. The private company is based in Mumbai, India. The company was founded in 1994. The CEO is Manish Mahendra Sabharwal.

Part of STCI Finance Ltd., STCI Primary Dealer Ltd. is a security broker, dealer, and Indian flotation company. The company is based in Mumbai, India.

Citicorp Finance (India) Ltd. operates as a non-banking finance firm. It specializes in commercial vehicle and construction equipment loan, loan against securities and trade advances. The company is headquartered in Mumbai, India.

AMC Repo Clearing Ltd. provides financial services.

ASK Investment Managers Ltd. (ASKIM) is an asset management firm headquartered in Mumbai, India. It was founded by Asit Kishore Koticha and Monik Sameer Koticha in 1983. In 2022, the firm became a majority owned subsidiary of Blackstone, Inc. (NYSE: BX). ASKIM provides asset and wealth management services to high and ultra-high net worth individuals, institutions, pension funds, endowments, SWFs, family offices and multi-managers.

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.

Oppenheimer & Co., Inc. provides security brokerage services. It also offers investment banking and advice to high net worth investors, individuals, businesses and institutions. The company is headquartered in New York, NY.

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.

Part of LKP Finance Ltd., LKP Shares & Securities Ltd. provides investment banking and security brokerage services. The company is based in Mumbai, India. LKP Shares & Securities was acquired by LKP Finance Ltd. on May 29, 2007.

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.

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.

HSBC Asset Management (India) Pvt Ltd. (HSBC AM-India) is the Indian investment management subsidiary of HSBC Securities & Capital Markets (India) Pvt Ltd., ultimately held by HSBC Holdings Plc (LSE: HSBA, ADR: HSBC) in Great Britain. Headquartered in Mumbai, HSBC AM-India was founded in 2001 and offers a comprehensive range of investment management solutions to institutional investors (foreign and Indian), corporates and financial intermediaries and provides bespoke portfolio management services for large institutional investors, insurance companies, high net-worth individuals.

Nuvama Wealth Management Ltd. (Nuvama) is the securities brokerage subsidiary of Edelweiss Financial Services Ltd. (NSE: EDELWEISS) in India. Formerly known as Edelweiss Securities Ltd., the firm is headquartered in Mumbai and provides brokerage services to global and domestic institutional investors. Nuvama offers perspective and fundamental research on economic issues, emerging themes and strategic analysis. They cover more than 250 stocks across 25+ sectors. Their trading desk offers multiple platforms that enable seamless execution of complex trades, across the entire gamut of trading strategies.

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.

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.

L&T Investment Management Ltd. (L&T IM) is an investment management firm headquartered in Mumbai, India. The firm was founded in 1996 as DBS Cholamandalam Asset Management Ltd. They were acquired by L&T Finance in 2010 and renamed L&T Investment Management Ltd. In 2022, HSBC Asset Management (India) Pvt Ltd., a subsidiary of HSBC Holdings Plc (LON: HSBA), acquired the firm. L&T IM manages the L&T Mutual Fund schemes for individual and institutional investors.

Reliance General Insurance Co. Ltd. (Investment Portfolio) (RGI-IP) is the investment portfolio division of Reliance General Insurance Co. Ltd., an insurance company headquartered in Mumbai, India. The firm is owned by Reliance Capital Ltd. (NSE: RELCAPITAL). They offer a well-rounded and comprehensive bouquet of products such as Motor Insurance, Health Insurance, and Travel Insurance, and offer customized solutions to meet the protection needs of each customer. RGI-IP manages the investment portfolio of insurance clients.