Kotak Securities
27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra, Mumbai, Maharashtra, 400051, India
Overview
The company's offerings include stock broking through the branch and Internet, Investments in IPO, Equity & Derivatives, Mutual funds and Portfolio management service. Kotak Securities Ltd. 100 % subsidiary of Kotak Mahindra Bank is one of the oldest and largest stock broking houses in the Industry. In 1994 the Brokerage and Distribution businesses of Kotak Mahindra Group incorporated into a separate company - Kotak Securities Ltd. It is one of India's leading stock broking houses with a market share of around 10 percent. Kotak Securities has 843 outlets servicing over 8.5 lakhs customer accounts and coverage of 331 cities. Kotaksecurities.com, the online division of Kotak Securities Limited offers Internet Broking services and also online IPO and Mutual Fund Investments. They handle more IPOs than any other brokerage. The company has a full-fledged research division involved in macroeconomic studies, sectoral research and company-specific equity research combined with a strong and well-networked sales force, which helps deliver current market information and news. The company primarily provides secondary market broking services in equity shares and global depository receipts. It also offers portfolio management services to high net-worth individuals and corporate. In addition, the company distributes a range of financial products, including company fixed deposits, mutual funds, initial public offerings, secondary debt, equity, and small savings schemes. Further, it provides Internet broking services and depository services. Kotak Securities Ltd has been the first in providing many products and services which have now become industry standards. Some of them are: Facility of Margin Finance to the customers Investing in IPOs and Mutual Funds on the phone SMS alerts before execution of depository transactions Mobile application to track portfolios AutoInvest – A systematic investing plan in Equities and Mutual funds Provision of margin against securities automatically against shares in the customer's Demat account Kotak Securities has a full-fledged research division involved in Macro Economic studies, Sectoral research and Company Specific Equity Research combined with a strong and well networked sales force which helps deliver current and up to date market information and news. The company is also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), providing dual benefit services wherein the investors can avail the company's brokerage services for executing the transactions and the depository services for settling them. Kotak Securities Ltd. processes more than 4,00,000 trades a day which is much higher even than some of the renowned international brokers. Kotak Securities Limited has over Rs. 3300 crore of Assets Under Management (AUM) as of 31st March, 2008. The portfolio Management Service provides top class service, catering to the high end of the market. Portfolio Management from Kotak Securities comes as an answer to those who would like to grow exponentially on the crest of the stock market, with the backing of an expert. Unlike many other companies, Kotak Securities Ltd., has a Centralised Risk Management System and an in-house Research Team which allows it to offer the same levels of service to customers across all locations. Kotak Securities network spans over 321 cities with 877 outlets, with an employee workforce beyond 5100. The Companies accolades and awards are as follows: 1)Best Brokerage Firm in India by Asiamoney in 2008, 2007 & 2006 2)Best Performing Equity Broker in India – CNBC Financial Advisor Awards 2008 3)Avaya Customer Responsiveness Awards (2007 & 2006) in Financial Services Sector 4)The Leading Equity House in India in Thomson Extel Surveys Awards for the year 2007 5)Euromoney Award (2007 & 2006) – Best Provider of Portfolio Management: Equities )Euromoney Award (2005)-Best Equities House In India 7)Finance Asia Award (2005)-Best Broker In India 8)Finance Asia Award (2004)- India's best Equity House 9)Prime Ranking Award (2003-04)- Largest Distributor of IPO's
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Banking
- Consulting
- Finance
- Financial Services
Investment portfolio
- BankSathi
Participated · Series A · Jan 2023
BankSathi is a Bengaluru-based social commerce fintech platform that connects financial advisors and micro-entrepreneurs with last-mile customers in Tier II and Tier III cities and remote locations. The platform uses priority algorithms to recommend financial products to advisors based on customer profiles and past transactions. It enables small and mid-sized financial advisors and micro-entrepreneurs to sell financial products online and earn extra income; its advisors include insurance agents, chartered accountants, product advisors, financial analysts, retired bankers, and small business entrepreneurs. BankSathi reports a 40X increase in advisor base, has served over three million customers across 18,000 pin codes, and achieved an ARR of $10 million in 20 months. The company partners with 60+ financial institutions including HDFC Bank, Axis Bank, IDFC First, SBI, Kotak Mahindra Bank, and Bank of Baroda, and recently received IRDAI approval for an insurance licence. It plans to use new funding to hire high-calibre employees, accelerate product and technology development, and expand its agent network and geographic reach, aiming to empower 10 million financial advisors and serve 50 million+ customers in five years. Founded in January 2020 by Jitendra Dhaka and virtually incubated at Nasscom 10000 Startups, BankSathi offers savings accounts, demat accounts, credit cards, personal loans, and business loans on its platform. The company plans to expand its product portfolio into insurance. BankSathi emphasizes guided matching of customers to the right financial product from the right bank or NBFC and uses AI to enable advisor workflows and flexible income opportunities. The startup reports 60% month-on-month growth, 34,000 active advisors on its platform, and revenue of Rs 2 crore in September, during which it paid Rs 1.6 crore in commissions to advisors. The company says it will deploy the fresh funding into sales and marketing, operations, and technology to support further growth. BankSathi operates an advisors' app that helps authorised advisors distribute retail loans, credit cards and insurance products and aims to promote adviser-led decision making. The startup currently has 5,000+ advisors across 700 pincodes and reports a total advisor income of Rs 75 lakh earned to date. It offers 45 products from 15 financial institutions on its platform and is focused on Tier‑II and beyond cities. The fresh seed funding will be used for product development, team building, and marketing and growth. Management targets one million advisors and 150 products from 50+ financial institutions by the end of this financial year, and plans to scale to five million advisors and 500 products from 100 FIs over the next three years. Co‑founders Jitendra Dhaka and Sandeep Choudhary say they expect to raise another round of investment by the middle of this year to achieve these goals.
- Multipl
Led · Series A · May 2022
Multipl is a new-age fintech platform offering mutual-fund investments integrated with brands to let consumers invest as part of their lifestyle spends. The platform embeds a window-shopper widget on merchant websites and apps and has launched 'Open Goals' to let users invest toward future expenses via brand partnerships. Founded in 2020 and based in Bengaluru, Multipl was co-founded by Paddy Raghavan, Jags Raghavan, and Vikas Jain. The company reports 500,000 downloads, more than 100 brand partnerships, and has facilitated goals valued at over Rs 1,000 crore. Proceeds from the latest raise will fund enhancements and introduction of disruptive features to scale spend-vesting journeys. Competitors in the space include Groww, AngelOne, PhonePe and others. Multipl is a fintech app launched in 2020 that encourages ethical, goal-based saving by rewarding users for setting aside money for future expenses. Its core product is a ‘Plan Now, Pay Later’ experience that integrates savings, investing and spending to help users reach lifestyle goals. The company targets millennials and Gen Z and leverages a proprietary investment framework plus brand partnerships to generate market returns and exclusive benefits. Multipl has partnered with Indian brands including Croma, Kalyan Jewellers, Ather Energy, Turtlemint, Livespace, Yatra, PickYourTrail, Bounce and Home Capital to offer users cashback, coupons and other rewards. The startup claims to have crossed 1.5 lakh downloads in the first six months after opening app access. It plans to widen investment options, expand its user base fivefold, and accelerate product innovation using the new funding.