Orbis

What Orbis does

Orbis Financial Corporation Limited is a SEBI-registered custodian founded in 2009 and headquartered in Gurgaon, India, providing securities services to foreign and domestic institutional investors, corporates, family offices, and high-net-worth individuals. Its core offerings include Designated Depository Participant (DDP) services for FPIs and FVCIs, custody and clearing across NSE, BSE, MSEI, MCX, and NCDEX, depository participant services through NSDL and CDSL, fund administration using the Advent Geneva platform, fund accounting, end-to-end AIF investor services, and Registrar and Transfer Agent (RTA) services for unlisted companies. The company reports over 90% market share in the institutional commodities custody segment, serves 600+ unlisted companies and 140+ AIFs, and holds ISO 27001:2022, ISO 9001:2015, ISO 22301:2019, SOC 2 Type II, GDPR, and SEBI CSCRF certifications.

The business model combines transaction-fee revenue from custody and clearing, recurring subscription revenue from RTA, and managed-services revenue from fund administration, fund accounting, and AIF investor services. Orbis monetizes through quote-based enterprise contracts for institutional clients and direct depository services for retail. Two wholly-owned subsidiaries — Orbis Trusteeship Services Private Limited (OTSPL) and Orbis Financial Services (IFSC) Private Limited (OFSPL) — extend the platform into GIFT City with trusteeship for AIFs and NBFC lending (bridge and margin financing) respectively. The technology stack is cloud-native and modular, featuring proprietary digital platforms including Orbis Online, PCM Backoffice, and a real-time Risk Management System with automated alerts and exposure tracking. Distribution runs through enterprise field sales in Gurugram and Mumbai, online self-service portals, and clearing/depository memberships across Indian exchanges.

In 2023, Orbis raised Rs 213 crore (~$25.4M) in two tranches from investor Ashish Kacholia to strengthen its securities services leadership. The company employs between 101 and 250 staff and is privately held, with no disclosed revenue.

Name

Orbis

Legal name

Orbis Financial Corporation Limited

Website

https://orbisfinancial.in

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

Orbis Financial Corporation Limited is a SEBI-registered Indian custodian offering custody, clearing, depository participant, fund administration, fund accounting, RTA, and trusteeship services to FPIs, AIFs, mutual funds, insurers, family offices, corporates, and HNIs.

Ownership category

akta.pro rank

Product category

Securities Custody and Fund Administration Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Financial Vehicles (52599), Miscellaneous Intermediation (523910)

SIC

Finance Services (6199), Functions Related To Depository Banking, Nec (6099), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Fund Depositary (UCITS/AIFMD & Trustee Oversight) (FSAAAOAC)

akta.pro secondary industry

AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE)

Keywords

• Custody services
• Fund administration
• Registrar services
• Depository participant
• Trusteeship services

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Custody and Clearing Services: Safekeeping of financial assets, clearing and settlement services across NSE, BSE, MSEI, MCX, NCDEX for institutional commodities segment. Recognized for over 90% market share in institutional commodities segment.
2. Registrar and Transfer Agent (RTA) Services: Share registry management for unlisted companies, investor record maintenance, ISIN creation, unit allotment and transfer for AIFs, compliance reporting.
3. Investor Services for AIFs: End-to-end investor lifecycle management including onboarding, KYC, unit issuance, NAV reporting, capital call and distribution processing.
4. Fund Administration: Using Advent Geneva platform for portfolio accounting, NAV calculation, reconciliation, compliance, and reporting for AIFs, PMS, FPIs, NRIs.
5. Fund Accounting: Portfolio accounting at fund and investor levels, NAV calculation, transaction recording, reconciliation, and personalized financial reporting.
6. Designated Depository Participant Services: FPI and FVCI registration, regulatory compliance, onboarding support for foreign investors seeking participation in Indian capital markets.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Orbis Financial Corporation Limited provides securities services to institutional investors, corporates, family offices and HNIs in India. Its core offerings include SEBI-registered custody and clearing & settlement across NSE, BSE, MSEI, MCX and NCDEX; Depository Participant services through NSDL and CDSL; Designated Depository Participant (DDP) services for FPIs and FVCIs; fund administration and fund accounting (powered by the Advent Geneva platform); RTA services for unlisted companies and AIFs; and investor services for alternative investment funds. Two subsidiaries extend the offering into GIFT City with trusteeship services (OTSPL) and NBFC-led bridge and margin financing (OFSPL).

Product overview

Orbis Financial Corporation Limited is a SEBI-registered custodian and leading provider of securities services in India since 2009. The company operates a multi-module financial services platform comprising six core services—Designated Depository Participant (DDP), Custody Services, Depository Participant Services, Fund Administration, Fund Accounting, Investor Services, and Registrar & Transfer Agent (RTA)—alongside two subsidiaries (Orbis Trusteeship Services for GIFT City trusteeship and Orbis Financial Services IFSC for NBFC lending). These services are delivered through a unified digital ecosystem including Orbis Online Portal, PCM Backoffice, and Risk Management System, enabling domestic and foreign institutional investors, corporates, and high-net-worth individuals to access custody, clearing, fund administration, and regulatory compliance across Indian capital markets. The platform connects to NSE, BSE, NSDL, CDSL, MCX, and NCDEX exchanges, supporting multiple asset classes including equities, debt, commodities, and currency derivatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Designated Depository Participant (DDP) SEBI-authorized intermediary service that facilitates Foreign Portfolio Investor (FPI) and Foreign Venture Capital Investor (FVCI) registration, regulatory compliance and ongoing support for accessing Indian capital markets.
• Custody Services SEBI-registered custodian service providing safekeeping of financial assets in electronic and physical form, clearing and settlement across NSE, BSE, MCX, NCDEX and other exchanges, corporate actions processing and comprehensive reporting.
• Depository Participant Services Depository Participant service through NSDL and CDSL offering demat account opening, dematerialization, rematerialization, securities safekeeping, corporate actions processing, transmission and account reporting for retail and institutional investors.
• Fund Administration Comprehensive fund administration service using the Advent Geneva technology platform, covering investor onboarding, fund accounting, transaction processing, real-time reporting, compliance assurance and security framework for AIFs, PMS, FPIs and NRIs.
• Fund Accounting Full-stack portfolio accounting service supporting AIFs, PMS, FPIs and NRIs across multiple asset classes and fund structures, including NAV calculation, reconciliation, transaction processing and personalized reporting.
• Investor Services Comprehensive investor service solution for Alternative Investment Funds covering investor onboarding, KYC, unit issuance, regulatory compliance, capital calls, distributions, NAV reporting and secure investor portal access.
• Registrar and Transfer Agent (RTA) End-to-end RTA service for unlisted companies and AIFs including share registry management, ISIN creation, unit allotment and transfer, investor record maintenance, compliance reporting and dividend processing.
• Orbis Trusteeship Services Private Limited (OTSPL) Trusteeship service for Alternative Investment Funds (Category I, II and III) and fund structures operating in GIFT City, providing fiduciary anchor and regulatory alignment under IFSCA regulation.
• Orbis Financial Services (IFSC) Private Limited (OFSPL) NBFC operating in GIFT City providing specialized financing solutions including bridge financing, margin financing and liquidity solutions for fund and asset management structures under IFSCA regulation.
• Orbis Online Portal Integrated digital platform providing IPO applications, CRM and reporting functionalities for customers to access Orbis's custody and depository services online.
• PCM Backoffice Backoffice digital platform for professional clearing member operations and transaction management.
• Risk Management System (RMS) Real-time risk monitoring digital platform for derivative investments featuring automated alerts, exposure tracking, margin calculation and position-limit oversight.

Quantifiable outcome

• Over 90% market share in institutional commodities segment
• +2 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• FriendicoesminorStrategic or Co-development PartnerCSR partnership for cow feeding program at 'Gokul' facility, providing daily nourishment for over 200 cows. Orbis has been consistently sponsoring the feeding programme.
• Wildlife SOSminorStrategic or Co-development PartnerPartnership for elephant rehabilitation at Elephant Conservation and Care Centre in Mathura. Supporting welfare of rescued elephants including Maya, Phoolkali, Emma, Mia, and Rhea.
• Arpana Research and Charities TrustminorStrategic or Co-development PartnerDigital skills training for women from 162 Self-Help Groups in Karnal, Haryana. Training in digital skills including NEFT transfers, WhatsApp meetings, Google Apps.
• Ramakrishna MissioncoreStrategic or Co-development PartnerMonthly CSR support for eye care through Vivekananda Netralaya. 15,655 surgeries conducted with 67% free to underserved patients. Also partnered for mobile clinics and flood relief.
• IIMPACTminorStrategic or Co-development PartnerGirl Child Education Programme through IIMPACT in Alwar, Rajasthan. Impacted 50,117 girls through community-based learning centres.
• Smile India TrustminorStrategic or Co-development PartnerProject Garima - 12-month sewing and tailoring training program empowering 60 underprivileged women in Noida. Also supports Project Call2 Career for employability.
• Apna Ghar SansthaminorStrategic or Co-development PartnerCSR contribution to Maa Madhuri Brij Varis Sewa Sadan Apna Ghar in Bharatpur, Rajasthan. Support for food, clothing, medical care for destitute individuals.
• Ramakrishna Mission, VrindavanminorStrategic or Co-development PartnerMonthly ration kits for 1,600 widow mothers in Vrindavan. Also supports blanket distribution for widowed women.
• GIFT City / IFSCAcoreOthersOrbis operates in GIFT City under IFSCA regulation. OTSPL received SEZ approval for trusteeship services since March 19, 2021. OFSPL operates as NBFC in GIFT City providing finance and custody services.
• Advent GenevacoreTechnology or IntegrationTechnology platform partnership for fund administration services, enabling integrated and seamless world-class fund administration experience.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Computer Age Management Services (CAMS): India's largest mutual fund RTA and investor services company, directly comparable to Orbis's RTA, investor services, and depository participant lines, and a primary competitor in registrar and transfer agent mandates.
• KFin Technologies: Leading Indian RTA and fund administration platform serving mutual funds, AIFs, PMS, and corporates; directly overlaps with Orbis's fund administration, fund accounting, and RTA offerings for AIFs and unlisted companies.
• Sundaram BNP Paribas Fund Services: Provides fund administration and custody-adjacent services for asset managers in India; comparable to Orbis's fund administration, fund accounting, and investor services for AIFs and PMS providers.

Broad incumbents

• ICICI Bank (Custody and Capital Markets): One of India's largest custodian and clearing members across equities, debt, and commodities, also offering DDP and depository services; competes head-on with Orbis for FPI, mutual fund, and insurance custody mandates, with a deeper balance sheet and bundled offerings.
• HDFC Bank (Custody and Capital Markets): Major Indian bank offering custody, clearing, depository, and DDP services to institutional clients across asset classes; competes with Orbis across the full institutional investor stack with broader product reach.
• JPMorgan Chase (India Custody and Securities Services): Global custodian with a significant India presence serving FPIs, mutual funds, and global asset managers; directly comparable to Orbis's institutional custody and fund services but with global scale and balance sheet.
• Standard Chartered Bank (India Securities Services): Global custodian with established India operations providing custody, fund accounting, and securities services to FPIs and global asset managers; competes with Orbis for cross-border institutional mandates.
• State Street (India Custody): Global custodian serving large institutional clients in India with custody, fund accounting, and reporting; comparable to Orbis on cross-border institutional servicing but at much larger scale.

Regional players

• SBICAP Securities: Domestic Indian financial services firm offering depository participant, custody-adjacent, and securities services; competes with Orbis in domestic institutional and retail depository and RTA services within India.

Emerging players

• Vistra (Fund Administration and Corporate Services): Global fund administration and corporate services provider with growing India presence serving AIFs and cross-border structures; overlaps with Orbis's fund administration and trusteeship offerings, particularly in GIFT City.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/orbis-financial-corporation-limited

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Orbis