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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]
 | |
| Company type | Private |
|---|---|
| Industry | Financial services Stockbrokerage Mutual funds Capital markets |
| Founded | 2000 |
| Headquarters | , |
Area served | Worldwide[dubious – discuss] |
Key people | Bharat Shah, Chairman Dhiraj Relli Managing Director & CEO |
| Parent | HDFC Bank |
History
editHDFC 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
editBusiness
editHDFC 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]
References
edit- ^ "Company Overview of HDFC Securities Limited". businessweek.com. Archived from the original on 23 March 2011. Retrieved 22 January 2015.
- ^ a b "Now, invest in stocks on Nasdaq via HDFC Securities". The Financial Express. 26 September 2019. Retrieved 15 May 2021.
- ^ "Rating Rationale". www.crisil.com. Retrieved 22 October 2021.
- ^ "History". hdfcsec.com. HDFC securities. Retrieved 23 January 2015.
- ^ "HDFC securities Trading Platform, Demat Brokerage, Charges and Reviews". stockamj.com/. 20 June 2014. Retrieved 22 January 2015.
- ^ "Bharat Shah: Executive Profile & Biography". businessweek.com. Bloomberg Business Week. Archived from the original on 24 January 2015. Retrieved 22 January 2015.
- ^ "HDFC Securities appoints Dhiraj Relli as MD and CEO". The Financial Express. 15 June 2015. Retrieved 16 June 2015.
- ^ "C.V. Ganesh Executive Profile & Biography". investing.businessweek.com/. Bloomberg Business Week. Retrieved 22 January 2015.[dead link]