India’s leading Equity Brokerage Firms 2007

D&B India has a great report on the leading Equity brokerage firms in India. Over 394 firms are listed by Size, Total Terminals, Sub brokers, Total Employees, Branches, Cities of operation and Offerings. Some excerpts:

For the broking industry, we started with an initial database of over 1,800 broking firms that were contacted, from which 464 responses were received. The list was further short listed based on the number of terminals and the top 210 were selected for profiling. 394 responses, that provided more than 85% of the information sought have been included for this analysis presented here as insights. All the data for the study was collected through responses received directly from the broking firms. The insights have been arrived at through an analysis on various parameters, pertinent to the equity broking industry, such as region, terminal, market, branches, sub brokers, products and growth areas. 

Some key characteristics of the sample 394 firms are:

  • On the basis of geographical concentration, the West region has the maximum representation of 52%. Around 24% firms are located in the North, 13% in the South and 10% in the East
  • 3% firms started broking operations before 1950, 65% between 1950-1995 and 32% post
    1995
  • On the basis of terminals, 40% are located at Mumbai, 12% in Delhi, 8% in Ahmedabad, 7% in Kolkata, 4% in Chennai and 29% are from other cities
  • From this study, we find that almost 36% firms trade in cash and derivatives and 27% are into cash markets alone. Around 20% trade in cash, derivatives and commodities
  • In the cash market, around 34% firms trade at NSE, 14% at BSE and 52% trade at both exchanges. In the derivative segment, 48% trade at NSE, 7% at BSE and 45% at both, whereas in the debt market, 31% trade at NSE, 26% at BSE and 43% at both exchanges
  • Majority of branches are located in the North, i.e. around 40%. West has 31%, 24% are located in South and 5% in East
  • In terms of sub-brokers, around 55% are located in the South, 29% in West, 11% in North and 4% in East
  • Trading, IPOs and Mututal Funds are the top three products offered with 90% firms offering trading, 67% IPOs and 53% firms offering mutual fund transactions
  • In terms of various areas of growth, 84% firms have expressed interest in expanding their institutional clients, 66% firms intend to increase FII clients and 43% are interested in setting up JV in India and abroad
  • In terms of IT penetration, 62% firms have provided their website and around 94% firms have email facility
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