• Source: HDFC securities

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.




History


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




Management


Bharat Shah - Chairman, HDFC securities Limited
Dhiraj Relli - Managing Director & CEO, HDFC securities Limited
C. V. Ganesan - Chief Operating Officer & Chief Financial Officer




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.




References

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