Mudit Agarwal

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.

Sushil Financial Services Pvt Ltd. is a brokerage firm that was founded in 1982. The private company is based in Mumbai, India. The Indian company provides brokerage services.

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.

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.

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.

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.

IDBI Capital Markets & Securities Ltd. (ICMS) is the brokerage subsidiary of IDBI Bank Ltd. (NSE: IDBI). The firm is headquartered in Mumbai. ICMS provides brokerage services to their 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.

R. Subramanian & Co. is a private company based in Chennai, India. The Indian company was founded by Ramanatha Subramanian.

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.

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.

Centrum Wealth Management Ltd. (CWM) is the research firm subsidiary of Centrum Capital Ltd. (NSE: CENTRUM). The firm is headquartered in Mumbai. CWM provides investment research to their clients.

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.

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.

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.

Equirus Capital Pvt Ltd. is an investment bank based in Mumbai, IN. and has subsidiaries in India. The private company was founded in 2007 by Ajay Garg, who has been the CEO since 2007. The company's expertise in structuring and delivering transactions tailored to client needs sets them apart, and they provide proven solutions to maximize investments. Equirus has established a reputation and market presence across domains, offering expert advisory for growth, capital, and wealth management.

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.

Part of The Hearst Family Trust, India Ratings & Research Pvt Ltd. is an Indian company that provides investment research. The company is based in Mumbai, India. The company was founded in 2001. Rohit Karan Sawhney has been the CEO of the company since 2017.

Ericsson India Pvt Ltd. engages in providing information and communication technology to service providers. The company was founded ion March 12, 1992 and is headquartered in Gurugram, India.

SMIFS Ltd. is a leading broking house that offers a range of trading services including equity, commodity, derivatives, futures, options, and currency trading. SMIFS is based in Kolkata, IN. and has subsidiaries in India. The Indian company provides complete wealth management solutions to its clients. The CEO of the private company is Rahul Kayan.

Analec Infotech Pvt Ltd. is an investment research firm headquartered in Gurgaon, India. The firm offers platforms and solutions in the investment research and related client servicing space, working with a range of broker-dealers and investment banks globally.

Part of Equirus Capital Pvt Ltd., Equirus Securities Pvt Ltd. is a trusted investment bank based in Ahmedabad, IN. The company's expertise in structuring and delivering transactions tailored to client needs sets them apart. The Indian company has established a stellar reputation and market presence across domains, offering expert advisory for growth, capital, and wealth management. Maximize your investments with their proven solutions. The CEO of the company is Ajay Garg.

Part of YES BANK Ltd., YES Securities (India) Ltd. is a brokerage firm. The company is based in Mumbai, India. The company was founded in 2013. Prasanth Prabhakaran has been the CEO of the Indian company since 2017.

Jardine Lloyd Thompson India Pvt Ltd. offers risk management, insurance and employee benefits consulting services. The company was founded in May 2007 and is headquartered in Mumbai, India.

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.

Pug Securities Pvt Ltd. provides financial intermediation services. The private company is based in New Delhi, India.

Part of S&P Global, Inc., SNL Financial (India) Pvt Ltd. provides financial intermediation services. The company is based in Hyderabad, India.

Visible Alpha LLC is an investment research firm headquartered in New York City. The firm was founded by Scott Rosen in 2012 and was acquired by S&P Global, Inc. (NYSE: SPGI) in 2024. Visible Alpha provides immediate access to the latest consensus forecast data and historical data on granular metrics. They offer fundamental investment research capabilities on S&P Global Market Intelligence’s Capital IQ Pro platform. The firm enhances the buy-side investment research process by extracting meaningful value from key sell-side assets.

Part of Moody's Corp., Moody's Analytics Knowledge Services (India) Pvt Ltd. is an Indian company that provides financial intelligence and analytical tool services. The company is based in Bangalore, India.

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.

Ventura Securities Ltd. provides securities brokerage services. The private company is based in Mumbai, India. and has subsidiaries in India. The company was founded in 1994. The CEO is Hemant Kulin Majethia.

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.