About Share India Securities Limited
Share India Securities Limited is a diversified financial services group with over three decades of experience, focused on broking, trading technologies, NBFC lending, insurance broking, merchant banking, and wealth initiatives, operating across 16 states with a network of 280 branches and franchises and a base of 137 institutional clients as disclosed in FY25 corporate overview and MDA sections. The Company was incorporated in 1994 and has evolved into a tech-forward platform leveraging ultra-low latency systems, over 100 algorithms, AI/ML-driven back-testing, and HFT engines through group tech firms Algowire and uTrade, enabling retail, HNI, and institutional offerings across asset classes. Operating geographies include India with a GIFT City presence and international reach via Share India Global Pte Ltd and IFSC subsidiaries; the group had 11 subsidiaries as on March 31, 2025, including wholly-owned entities and majority-owned tech and insurance units, with one overseas subsidiary in liquidation during the year. Key milestones in FY25 include empanelling 137 institutions, executing 6 SME IPOs, SEBI approval for PMS, incorporation of Silverleaf Securities Research Private Limited, equity share split from 1:5, conversion of 1,08,37,144 rights warrants, and an NCD raise of Rs 99.90 crore on June 23, 2025 under Series A and B tranches.
Share India Securities Limited Business Segment
- Broking and Digital/Algo: Average daily turnover of Rs 3,093 crore with strategic push into retail and institutional algos via uTrade; SEBI’s consideration of broader retail algo participation is identified as a tailwind in management outlook.
- Merchant Banking: 6 SME IPOs executed in FY25 across 12 sectors and 6 geographies; the franchise targets SME and Main Board mandates.
- NBFC (Share India Fincap): Loan book of Rs 260.00 crore, finance income Rs 60.00 crore, NIM 17.49%, GNPA 5.96%, NNPA 4.95%, servicing 52,250 clients across 80 branches and franchises.
- Insurance Broking: 7,158 policies, 80,279 lives, premium collected Rs 64.00 crore, with 15 insurance categories offered.
- Wealth and PMS: PMS licence obtained in FY25; wealth management company in process to offer AIF and PMS products, expanding fee-based revenues.
- Institutional: Empanelled 137 institutions in two years with emphasis on uTrade-driven algo and execution capabilities.
Share India Securities Limited Key Management
- Mr. Parveen Gupta — Chairman and Managing Director.
- Mr. Kamlesh Vadilal Shah — Managing Director.
- Mr. Sachin Gupta — CEO and Whole-Time Director.
- Mr. Suresh Kumar Arora — Whole-Time Director.
- Mr. Vijay Girdharlal Vora — Whole-Time Director.
- Mr. Vikas Aggarwal — Company Secretary and Compliance Officer.
- Mr. Vijay Kumar Rana — Chief Financial Officer.
Latest Updates on Share India Securities Limited
- Equity share split: 1 share of face value Rs 10 into 5 shares of face value Rs 2, record date June 27, 2024; consequent ESOS pool adjustments executed.
- Rights warrants conversions: 1,08,37,144 warrants converted; 11,083 warrants forfeited; Rs 273.73 crore raised during FY25 toward conversions and utilised as per Letter of Offer.
- NCD issuance: 9,990 secured listed NCDs allotted on June 23, 2025, raising Rs 99.90 crore; Series A coupon 10.70% monthly, Series B 10.75% quarterly; listed on BSE WDM.
- PMS licence: SEBI approval received; Board had earlier surrendered and re-applied within FY25 to align strategy with wealth expansion.
- Subsidiary changes: Incorporation of Silverleaf Securities Research Private Limited on July 03, 2024; Total Securities Overseas Limited under liquidation.
- Registered office shift within GIFT City and PIN code update to 382050 effective per postal circular; new address recorded.
- Scheme of Amalgamation: Silverleaf Capital Services Private Limited into the Company; exchanges’ NOCs awaited as of March 31, 2025; share exchange ratio aligned post split.
- Merchant banking: 6 SME IPOs executed in FY25; institutional empanelments at 137; focus on retail, MTF growth, and uTrade algos.