HDFC securities

Last updated

HDFC Securities
Company type Private
Industry Financial services
Stockbrokerage
Mutual funds
Capital markets
Founded2000
Headquarters,
Area served
Worldwide
Key people
Bharat Shah, Chairman
Dhiraj Relli Managing Director & CEO
Parent HDFC Bank

HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India. HDFC Securities was founded in year 2000 and is headquartered in Mumbai, with branches across major cities and towns in India. [1]

Contents

History

HDFC Securities is the stock-broking arm of India’s largest private-sector lender, HDFC Bank, [2] and began operations in April 2000. It began as a joint venture between HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited. [3]

Along with its stock broking services, HDFC Securities is a distributor of financial products. In 2006, HDFC Bank bought HDFC Ltd's stake and in 2008, it acquired another 4% from Indocean eSecurities. Currently, HDFC Securities is a subsidiary of HDFC Bank. [4] [5]

Management

Business

HDFC Securities Ltd is the stock broking and distribution arm of the HDFC Group. It is a corporate member of both the Bombay Stock Exchange (BSE) and the National Stock exchange (NSE). In 2019, it entered into a partnership with Stockal, a US-based financial platform and launched GlobalInvesting.in, which allows its customers to directly invest in Nasdaq listed US stocks. [2]

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References

  1. "Company Overview of HDFC Securities Limited". businessweek.com. Archived from the original on 23 March 2011. Retrieved 22 January 2015.
  2. 1 2 "Now, invest in stocks on Nasdaq via HDFC Securities". The Financial Express. 26 September 2019. Retrieved 15 May 2021.
  3. "Rating Rationale". www.crisil.com. Retrieved 22 October 2021.
  4. "History". hdfcsec.com. HDFC securities. Retrieved 23 January 2015.
  5. "HDFC securities Trading Platform, Demat Brokerage, Charges and Reviews". stockamj.com/. 20 June 2014. Retrieved 22 January 2015.
  6. "Bharat Shah: Executive Profile & Biography". businessweek.com. Bloomberg Business Week. Archived from the original on 24 January 2015. Retrieved 22 January 2015.
  7. "HDFC Securities appoints Dhiraj Relli as MD and CEO". The Financial Express. 15 June 2015. Retrieved 16 June 2015.
  8. "C.V. Ganesh Executive Profile & Biography". investing.businessweek.com/. Bloomberg Business Week. Retrieved 22 January 2015.[ dead link ]