ACML Capital Markets

Retail Brokerage Servicesacml.in

Company typePrivate
Founded2000
HeadquartersAhmedabad, India
Headcount11–50
GTM typeB2C
OfferingServices

ACML Capital Markets firmographics

Firmographics

Name: ACML Capital Markets
Legal name: ACML Capital Markets Limited
Website: https://acml.in
Company type: Private
Founded year: 2000
Operating status: Operating
Headcount range: 11–50 employees
Ownership category
akta.pro rank

ACML Capital Markets industry classification

Industry

Product category: Retail Brokerage Services
NAICS: Securities and Commodity Contracts Intermediation and Brokerage (5231)
SIC: Security Brokers, Dealers & Flotation Companies (6211)
akta.pro primary industry: Agency Equity Execution (Cash Equities) (FSACAFAA)

Keywords

Stock broking services
Depository participant
Equity trading platform
Derivatives trading
Commodity trading

Where ACML Capital Markets is headquartered

Location

Headquarters

HQ city: Ahmedabad
HQ country: India
HQ region: Asia

Offices1 record

Markets served

ACML Capital Markets business model

Business model

GTM type: B2C
Offering type: Services
Cost components: Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

Brokerage from Trade Execution: ACML earns brokerage commissions on buy/sell transactions executed on behalf of clients across equity cash, derivatives (F&O), currency, and commodity segments. Brokerage is charged as a percentage of trade value or flat fee per transaction, as stated in the terms and conditions.
Depository Services: Revenue from depository participant services including demat account maintenance, security handling charges on settlement, and transaction fees for securities transfers.
Margin Lending: The company provides margin facilities to clients, with interest charged on outstanding margins. Terms state delayed payment charges apply to overdue amounts per RMS policy.
Charges for Value-Added Services: Various service charges including statutory charges, NSE/BSE related charges, and fees for services such as SMS alerts, e-voting facilitation, and nomination services.

Pricing tiers

Model	Billing	Price
Transaction based/ take rate	Pay-as-you-go	Brokerage charges based on percentage of trade value or flat fee

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

ACML Capital Markets product offering

Product offering

Core offering

ACML Capital Markets is a SEBI-registered stock broker and depository participant providing retail trading and investment services in Indian securities across equity (cash), equity derivatives (F&O), currency derivatives, and commodity segments on BSE, NSE, and MCX. It also offers demat account and depository services as a participant of NSDL and CDSL, complemented by digital onboarding (e-KYC), online IPO subscriptions, and multi-channel trading access through web, mobile, and CTCL terminals.

Product overview

ACML Capital Markets is a SEBI-registered stock brokerage firm providing a multi-channel trading and investment platform. The core offering consists of desktop terminals (Live Trading Terminal, Solo Terminal for clients, and CTCL Dealer Terminal for Authorised Persons), web-based portals (Back Office for account management), and mobile applications (ACML PRO for Android and iOS). These are complemented by specialized modules including an e-KYC platform for digital account opening, an Online IPO platform for IPO subscriptions, and promotion of SEBI's Saa₹thi 2.0 investor education app. The platform supports trading across equity, derivatives (F&O), and currency derivative segments on both BSE and NSE, with depository services through NSDL and CDSL. The company operates as a trading and clearing member without proprietary trading interests.

Differentiator

Problem solved

Functional benefit

Products and services

ACML PRO Mobile Trading App Proprietary mobile trading application available on Android and iOS that enables retail clients to trade across equity, derivatives, and currency derivative segments on NSE and BSE with real-time market data and order execution.
Live Trading Terminal Web-based live trading platform providing real-time market access for execution of buy and sell orders across equity, derivatives, and currency segments on BSE and NSE.
Back Office Portal Online account management portal allowing clients to view portfolio holdings, transaction history, ledger balances, margin positions, and manage KYC updates with OTP-based authentication.
Solo Terminal Offline Trading Software Desktop CTCL-based offline trading terminal for clients to execute trades, manage orders, view real-time quotes, and track portfolios without a browser session.
ACML CTCL Dealer Terminal CTCL-based trading terminal provided to SEBI-registered Authorized Persons (sub-brokers and clearing members) to execute trades on behalf of their clients across cash, F&O, and currency segments.
Online e-KYC Platform Electronic Know Your Customer platform enabling paperless, digital account opening with identity verification and document submission integrated with back-office systems for seamless client onboarding.
Online IPO Subscription Platform Web-based platform enabling clients to subscribe to Initial Public Offerings (IPOs) online with integrated application processing and payment.
Depository Participant Services (NSDL and CDSL) Depository participant services offered through NSDL (DP ID IN302461) and CDSL (DP ID 13015200) including demat account opening, dematerialization and rematerialization, securities holding and transfer, e-voting facilitation, nomination, and account closure or transfer support.

Companies that use ACML Capital Markets

Customer profile

Segments2 records

Ideal customer profiles2 records

ACML Capital Markets technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration9 records

Feature4 records

ACML Capital Markets partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core.

Bombay Stock Exchange (BSE)coreOthersACML operates as a Trading and Clearing Member of BSE Ltd. (BSE:293) in the Cash segment. BSE is India's oldest and largest stock exchange by number of listed companies.
National Stock Exchange of India (NSE)coreOthersACML is a Trading and Clearing Member of NSE (NSE:11074) in Cash, F&O, and Currency segments, providing access to India's largest equity derivatives and currency trading platform.
Multi Commodity Exchange of India (MCX)coreOthersACML is a Trading and Clearing Member of MCX Limited (MCX:57145) in the Commodity segment, enabling clients to trade in commodity futures and options.
National Securities Depository Limited (NSDL)coreOthersACML is a Depository Participant of NSDL (DP ID: IN302461) providing dematerialization, rematerialization, and securities custody services to clients.
Central Depository Services (India) Limited (CDSL)coreOthersACML is a Depository Participant of CDSL (DP ID: 13015200) offering electronic securities holding and transfer services.
ASEL Financial Services Limited (formerly Ahmedabad Stock Exchange)coreStrategic or Co-development PartnerACML was established and promoted by the Ahmedabad Stock Exchange Limited (ASEL), now known as ASEL Financial Services Limited. This parentage provides legacy credibility and historical market expertise.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

ACML Capital Markets competitors and assessment

Company assessment

Direct peers

Zerodha: India's largest discount stock broker offering equity, derivatives, currency and commodity trading through Kite mobile/web platforms plus a depository participant (Coin). Directly comparable to ACML on product breadth and target retail client base, but at vastly larger scale and with a tech-first cost structure.
5paisa: Discount Indian broker and depository participant offering equity, derivatives, currency and commodity trading plus mutual fund distribution. Similar multi-segment offering and target retail customer as ACML, with a more tech-led discount positioning.
Motilal Oswal Financial Services: Full-service Indian broker and depository participant with equity, derivatives, currency and commodity trading plus research-led advisory. Comparable to ACML on multi-segment trading, demat and retail/institutional customer overlap, with a heavier research and wealth advisory overlay.
Angel One: Full-service Indian retail broker (formerly Angel Broking) offering equity, F&O, currency, commodity and demat services across BSE, NSE, MCX, NSDL and CDSL. Closely matches ACML's product matrix and multi-exchange membership, while serving a similar retail and Authorized Person customer base.
Groww: Tech-first Indian retail broker and depository participant focused on equity, derivatives and mutual fund distribution. Competes head-on with ACML for the same retail trading and demat customers, but with a mobile-first product and far larger active-client base.
Upstox: Discount Indian stock broker providing equity, F&O, currency and commodity trading via mobile and web platforms, plus demat services. Direct product and customer overlap with ACML, particularly in the retail active-trader segment.
Sharekhan: Pan-Indian full-service retail stock broker offering equity, derivatives, currency, commodity and demat services, with a notable sub-broker/Authorized Person channel similar to ACML's GTM. Comparable customer segments and product breadth.

Broad incumbents

Kotak Securities: Bank-affiliated (Kotak Mahindra) Indian stock broker and depository participant offering equity, derivatives, currency and commodity trading. Comparable product set to ACML with significantly larger balance sheet, client base and group distribution.
HDFC Securities: Bank-affiliated (HDFC Bank) Indian broker providing equity, derivatives, currency, commodity and demat services to retail and HNI clients. Overlaps ACML on products and segments, with broader group cross-sell and brand trust.
ICICI Direct: Bank-affiliated (ICICI Bank) full-service Indian broker offering equity, derivatives, currency, commodity and demat plus IPO, mutual funds and loans. Competes with ACML across all segments, with the advantages of banking-group distribution and significantly larger scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

ACML Capital Markets compliance and trust

Trust signal

Compliance6 records

ACML Capital Markets financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ACML Capital Markets leadership team

Management profile

Number of profiles

Profiles1 record

ACML Capital Markets funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

ACML Capital Markets M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about ACML Capital Markets

What does ACML Capital Markets do?

Is ACML Capital Markets a public or private company?

ACML Capital Markets is a private company. It is classified as corporate owned and is currently operating.

When was ACML Capital Markets founded?

ACML Capital Markets was founded in 2000. It employs 11 to 50 people.

Where is ACML Capital Markets based?

ACML Capital Markets is headquartered in Ahmedabad, India, in the Asia region.

How does ACML Capital Markets make money?

Four revenue lines are on record. Brokerage from Trade Execution is the primary driver. The others are depository Services, margin Lending and charges for Value-Added Services.

Who are ACML Capital Markets's main competitors?

Direct peers on record are Zerodha, 5paisa, Motilal Oswal Financial Services, Angel One, Groww, Upstox and Sharekhan. Broad incumbents are Kotak Securities, HDFC Securities and ICICI Direct.

Does ACML Capital Markets have an API?

No public API is recorded for ACML Capital Markets.

What industry is ACML Capital Markets in?

ACML Capital Markets's product category is Retail Brokerage Services. Its primary akta.pro industry code is FSACAFAA, Agency Equity Execution (Cash Equities). Its NAICS code is 5231 and its SIC code is 6211.