Marwadi Shares and Finance Limited
Incorporated in 1996, MSFL is a leading financial service provider and stockbrokerage firm headquartered in Rajkot, with a pan-India presence.
In its initial years, the firm gradually expanded its operations from the cash market to the derivatives market, and was among the pioneering forces for the dematerialisation of securities in India. It was also one of the first Indian brokerage firms to raise capital from a UK-based company, back in 2006. Today, MSFL boasts a diverse bouquet of financial services, including retail broking, Depository Participant (DP) services, institutional and corporate house trading, risk management, operations, customer relation services and merchant banking services.
An exclusive network of roughly 485 qualified professionals and more than 100 branch offices across the country serve around 3,70,000 retail broking and 4,00,000 DP clients. The firm also has a robust online trading platform called ‘Marwadi Click’ and a mobile trading application called ‘MSFL Connect’. MSFL’s strength lies in retail broking and arbitrage — in FY 2021–22, MSFL handled 3.05% of exchange turnover across all segments for retail clients, had a remarkable market share of the total trading volume of exchange platforms — 28.85% on the NSE and 59.26% on the BSE.
MSFL has adopted high compliance standards and has maintained an unblemished regulatory record throughout the three decades of its operations. Its reputation and prestige is a result of this commitment to transparency, which it continues to uphold as it continues to deliver reliable financial services to a diverse clientele, through traditional and contemporary advisory platforms.
In 2008, Dun & Bradstreet declared Marwadi Financial Services as the fifth largest broking house in India. Starting FY 2006–07, MSFL has been consistently recognised by the BSE for being amongst top ten volume drivers for the cash segment as well as the Futures & Options segment, and has ranked among the top ten brokers on the BSE platform. Since 2013, NSDL has been recognising MSFL as a star performer. Most recently, in 2021, MSFL achieved the highest daily exchange turnover of ₹4.08 lakh crore and average daily exchange turnover of ₹2.07 lakh crore. As of 31 March 2022, the consolidated net worth of MSFL was ₹650 crore.