Kotak Securities

{{Infobox company | name =New Kotak Securities | type =Private | logo =[[File:Kotak Securities Logo.PNG|240px|Kotak Sec] | caption = | foundation =1994 | founder =Uday Raj Kotak | location_city =Mumbai, Maharashtra | location_country =India | area_served = | key_people =Uday Kotak, Chairman
D Kannan, Managing Director
Kamlesh Rao, Chief Executive Officer
Trivikram Kamath, CFO & Head - Operations & IT | num_employees =4,600 | revenue = | operating_income = | net_income = | assets = | equity = | industry =Stock Broker
Financial Services | subsid = | parent =Kotak Mahindra Bank | products =Mobile Stock Trader
KEAT | homepage =www.kotaksecurities.com }}

Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, is the stock broking and distribution arm of the Kotak Mahindra Group. It is a corporate member of both the Bombay Stock Exchange and the National Stock Exchange of India. Kotak Securities was founded in 1994 and is headquartered in Mumbai, India.[1]

Kotak Securities Limited is a financial services company. Its major business comes from stock brokerage service for investors and traders.

The stock broker offers services such as share trading, derivatives trading, mutual funds, IPO, Exchange Traded Funds, Currency Derivatives, Tax Free bonds, portfolio management, Stock Lending and Borrowing and Interest Rate Futures.

History

Kotak Mahindra Group traces back its lineage to 1985. In 1995, the brokerage and distribution businesses of Kotak Mahindra Group was incorporated into a separate company and it was named as Kotak Securities.

In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received a banking license from the Reserve Bank of India (RBI). With this, KMFL became the first non-banking finance company in India to become a bank – Kotak Mahindra Bank Limited. The Group has businesses such as commercial banking, stock broking, mutual funds, life insurance and investment banking and its customer base includes individual investors, NRI investors and institutional investors. The brokerage house has branches and franchisees across India, and international offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore.

Kotak Securities is headquartered in Mumbai, India. In 2014, Kotak Securities was ranked as number 1 in India's Institutional Investor rankings by weighted average.[2]

Kotak Securities is a well-known stock broker with professional traders for its comprehensive online trading portal offerings.

It has 1128 branches including franchisees and satellite offices spread across 352 cities in the country.

Kotak Securities is a corporate member of both the Bombay Stock Exchange and the National Stock Exchange of India. It is also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). The company also has a research division to study the macroeconomic indicators, sectors, company-specific equity research, which regularly publishes stock market analysis.

Corporate affairs

As of June 30, 2010, Kotak Securities has Rs. 2250 crore of "assets under management" (AUM). The company also has a research division involved in macroeconomic studies, sectoral research and company-specific equity research, which regularly publishes stock market analysis.[3]

Milestones

Awards and Accolades

Kotak securities have been awarded as the Best Broker in India by FinanceAsia for two consecutive years.[8] Besides that, the stock broker has received several awards and recognitions as follows:

References and notes

  1. ↑ "Kotak Securities Ltd.: Private Company Information - BusinessWeek". Investing.businessweek.com. Retrieved 2011-02-03.
  2. ↑ "Kotak Securities ranked number 1 in India's Institutinal Investor rankings". Companies in India. Retrieved 2015-07-21.
  3. ↑ "Kotak Securities - Company Profile". LinkedIn. Retrieved 2011-02-03.
  4. ↑ "Kotak Securities.com launches 'Kotak Flat' - Deccan Herald - Internet Edition". Archive.deccanherald.com. 2006-08-08. Retrieved 2011-02-03.
  5. ↑ Rajesh Abraham / Mumbai May 15, 2007 (2007-05-15). "Kotak lines up PMS based on small caps". Business-standard.com. Retrieved 2011-02-03.
  6. ↑ "GEMS from Kotak Securities". The Hindu Business Line. 2008-02-10. Retrieved 2011-02-03.
  7. ↑ "Kotak Securities launches online trading in currency derivatives". The Times Of India. 2009-03-03.
  8. ↑ "Kotak Securities wins the Best Broker Award in India". FinanceAsia. 2015-06-05. Retrieved 2015-07-21.
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