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

• 1995: The brokerage and distribution businesses of Kotak Mahindra Bank are incorporated into a separate company named Kotak Securities.
• 2000: Kotak Securities launches its online broking site (www.kotaksecurities.com). Also, the company commences private equity activity by setting up Kotak Mahindra Venture Capital Fund.
• 2006: Kotak Securities Launches Kotak Flat^[4]
• 2007: Kotak lines up PMS based on small caps^[5]
• 2008: Kotak Securities launches a GEMS portfolio.^[6]
• 2009: Kotak Securities launches online trading in currency derivatives^[7]

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:

• Best Broker in India, FinanceAsia Country Awards for Achievement 2014
• Broker of the Year in India in The Asian Banker Financial Markets Awards 2014
• Awarded Top Performer in New Accounts Opening (Non-Bank Category-2nd position) at Star Performer by NSDL
• Awarded My FM- Stars of the Industry Award for Excellence in Online Demat
• Awarded for Smart Order Routing by Banking Frontiers at FINNOVITI 2015
• Best Research as Research Showcase Partner at ResearchBytes IC Awards 2014

References and notes