About Indo Thai Securities Limited

Indo Thai Securities Limited is a financial services provider established in 1995 as a stock broking company, with a focus on aligning its capabilities to India’s rapidly changing business environment and building a client-centric franchise over three decades. Today, it is positioned as one of the leading broking companies across central India, known for dependability, trust and confidence among its clients. Based in Indore, the company serves corporate clients, high-net-worth individuals and retail investors through broking and clearing services across equity, derivatives and commodity segments. It is a member of NSE, BSE, MSEI, MCX and NCDEX, acts as a Depository Participant with CDSL, and is a registered AMFI member to guide investors in mutual fund investments with a focus on long-term wealth creation.

Over its journey, Indo Thai has broadened its offering to include depository services and distribution of market-linked products, while retaining a strong emphasis on disciplined conduct and good governance. The company highlights its deepening role in India’s securities market and its commitment to expanding relevance for stakeholders as it pursues growth and profitability.

As of March 31, 2025, the company has three subsidiaries and one material subsidiary. Key milestones in expansion include incorporation of subsidiaries in 2013, 2017 and 2021, reflecting strategic diversification within the group’s structure. Indo Thai’s journey has been anchored in central India with Indore as its base, underscoring its regional leadership and on-ground presence in the country’s capital markets ecosystem.

Key Milestones of Indo Thai Securities Limited

Key milestones in expansion include incorporation of subsidiaries in 2013, 2017 and 2021, reflecting strategic diversification within the group’s structure. The company has broadened its offering to include depository services and distribution of market-linked products over three decades since its establishment in 1995.

Indo Thai Securities Limited Business Verticals and Geographical Presence

Indo Thai offers broking and clearing services across equity, derivatives and commodity segments, alongside depository services. It is a member of NSE, BSE, MSEI, MCX and NCDEX, a DP with CDSL, and an AMFI-registered distributor for mutual funds. The company is based in Indore and is positioned as one of the leading broking companies across central India. Operations are anchored in central India with Indore as its base.

Indo Thai Securities Limited Business Segment

Indo Thai offers broking and clearing services across equity, derivatives and commodity segments, alongside depository services. It is a member of NSE, BSE, MSEI, MCX and NCDEX, a DP with CDSL, and an AMFI-registered distributor for mutual funds. The company serves corporate clients, high-net-worth individuals and retail investors. Based in Indore, it is positioned as one of the leading broking companies across central India.

Indo Thai Securities Limited Key Management

• Parasmal Doshi – Chairman & Whole-time Director
• Dhanpal Doshi – Managing Director
• Sarthak Doshi – Chief Executive Officer
• Nishit Doshi – Chief Operating Officer
• Deepak Sharma – Chief Financial Officer
• Shruti Sikarwar – Company Secretary cum Compliance Officer

Latest Updates on Indo Thai Securities Limited

• Capital raising through preferential allotments: The Board approved and allotted 9,80,319 convertible warrants at Rs 376 each on May 10, 2024 (raising Rs 36.86 crore), followed by an allotment on January 14, 2025 of 9,04,000 equity shares and 14,60,000 convertible warrants at Rs 500 each (raising Rs 118.20 crore), pursuant to shareholder approvals at an Extra-Ordinary General Meeting on October 11, 2024. A Monitoring Agency Report on utilisation of proceeds was placed on May 15, 2025, with no deviation/variation reported in use of funds.
• Strategic portfolio action: The company entered into a share purchase agreement dated May 19, 2025 to transfer its entire shareholding in an associate company; pursuant to this, the associate ceased to be part of Indo Thai Securities Limited’s group structure. This related party transaction was carried out at arm’s length and disclosed in the Corporate Governance Report.
• Operational highlights: The company reported trading turnover in the equity segment of Rs 354.13 crore on BSE and Rs 5,555.27 crore on NSE, currency derivatives of Rs 111.55 crore, commodity segment of Rs 7,122.30 crore, and F&O of Rs 11,078.85 crore for the year. Mutual fund distribution assets under management stood at Rs 182.51 crore as on March 31, 2025; income from depository operations was Rs 34.40 lakh for the year.
• Recognitions: The Annual Report records multiple recognitions in recent years, including “Award for the most trusted broking firm” at the ABS – JMS Jain Ratna Award for 2023-24, and certificates from leading market infrastructure institutions and mutual fund houses for milestone achievements and contributions.