What Globe Capital Market does

Globe Capital Market Limited is a privately held, SEBI-registered Indian financial services group founded in 1989 and headquartered at 609, Ansal Bhawan, K.G. Marg, Connaught Place, New Delhi. The company operates a multi-asset brokerage and clearing franchise spanning equities, equity derivatives, commodity derivatives (MCX/NCDEX), currency derivatives (USD/EUR/JPY/GBP), mutual funds, IPOs, bonds, and Portfolio Management Services (PMS). Its core institutional business is clearing services, where it is India's largest clearing house with a 32% market share, processing approximately USD 640 billion in daily transaction volume for 1,700+ trading members across NSE, BSE, MCX, NCDEX and MSEI; on the retail side it serves 200,000+ investors through 500+ offices across 200 cities and 500+ wealth managers.

The company distributes its services through three proprietary trading platforms — Globe Trade Pro (mobile), Globe Connect Pro (web) and Globe Trade Smart (desktop) — complemented by Globe Algo-Ginie (algorithmic trading with pre-built strategies) and Premium Research subscriptions delivered via Telegram. The technology stack includes advanced charting, option chain analytics, heat maps, FII/DII/MF activity tracking, and a proprietary "Techno-Derivatives" trading methodology. Operations are run through three wholly-owned subsidiaries: AY Securities and Commodities Limited (commodities), Globe Derivatives and Securities Limited (derivatives clearing), and Globe Capital IFSC Limited (international financial services at GIFT City).

Globe Capital's revenue model combines transaction-based income (per-share brokerage, clearing fees, MTF margin funding), recurring subscriptions (Demat AMC Rs 399–Rs 1,999, premium research Rs 3,000–Rs 12,000, Algo-Ginie Rs 5,400/month, options plans Rs 999–Rs 10,999), and distribution commissions from leading Indian mutual fund houses and fixed-income products. A NBFC arm extends credit (loan against shares, property, commodities, IPO financing). For FY 2023-24, the firm reported Total Income of USD 222 million, Net Worth of USD 386 million and Profit After Tax of USD 76 million. Customer concentration is low, the company is privately held with no identified parent, and ownership/management is led by Chairman and CEO Ashok Agarwal, with Ankit Agarwal heading Globe Wealth & PMS.

Name

Globe Capital Market

Legal name

Globe Capital Market Limited

Website

https://globecapital.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Globe Capital Market Limited is a privately held, SEBI-registered Indian brokerage and financial services firm operating since 1989. It runs India's largest clearing house (32% market share, USD 640B daily volume) and serves 200,000+ retail investors and 1,700+ brokers across equities, derivatives, commodities and currencies.

Ownership category

akta.pro rank

Product category

Brokerage and Financial Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316), Portfolio Management and Investment Advice (523940)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Commodity Clearing & Settlement Services (Commodity CCPs & Clearing Members) (FSAFAMAI)

Keywords

• Stock broking services
• Clearing services
• Portfolio management services
• Mutual fund distribution
• Algorithmic trading

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage & Trading Fees: Charges brokerage fees on equity, derivatives (futures and options), and commodity trades. Brokerage is charged per share basis with percentage rates on transaction value.
2. Demat Account Maintenance (AMC): Annual maintenance charges for Demat accounts with multiple plan options ranging from annual to lifetime free accounts.
3. Clearing Services: Market leader in clearing services for equity, currency, and commodity derivatives with 32% market share, serving 1700+ brokers.
4. Margin Funding (MTF): Provides margin funding up to 4x leverage for positional and long-term investment trades at competitive rates.
5. Distribution Services: Mutual fund distribution, IPO distribution, bond/s Sovereign Gold Bond distribution with returns from fund houses.
6. Premium Research Subscriptions: Subscription-based premium research services delivered via Telegram including daily recommendations and portfolio evaluation.
7. Options Trading Plans: Weekly plans for options trading recommendations with Plain Vanilla Index and Stock Options calls.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Globe Capital Market Limited is an Indian financial services firm offering equity, commodity, and currency broking, clearing and settlement, distribution of mutual funds/IPO/bonds, portfolio management services (PMS), and NBFC lending. It serves retail investors and high net worth individuals through proprietary mobile, web, and desktop trading platforms, and acts as a clearing house for 1,700+ brokers across NSE, BSE, MCX, and NCDEX.

Product overview

Globe Capital Market Limited is a diversified financial services conglomerate operating as a broker-dealer, clearing house, and NBFC. Its core products are Clearing Services (India's largest with 32% market share serving 1,850+ trading members) and Broking Services delivered through three trading platforms: Globe Trade Pro (mobile app), Globe Connect Pro (web), and Globe Trade Smart (desktop terminal). The platform supports equity, derivatives (F&O), commodities, currencies, mutual funds, IPOs, and fixed income. Adjacent offerings include Portfolio Management Services (Globe Value and Globe Arbitrage strategies), NBFC lending (loans against securities, property, and commodities), Distribution Services for third-party financial products, and Premium Research delivered via Telegram. Globe Algo-Ginie provides algorithmic trading capabilities. The company operates through multiple SEBI-registered subsidiaries including Globe Capital IFSC in GIFT City, AY Securities, and Globe Derivatives and Securities.

Differentiator

Problem solved

Functional benefit

Products and services

• Clearing Services
• Broking Services
• Distribution Services
• Portfolio Management Services (PMS)
• NBFC Services
• Globe Trade Pro
• Globe Connect Pro
• Globe Trade Smart
• Globe Algo-Ginie
• Options Trading ke Weekly Plans
• Premium Research via Telegram
• Foreign Investor Services

Quantifiable outcome

• 14x wealth multiplication over 14 years for PMS investors
• +1 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core.

• Multi Commodity Exchange (MCX)coreOthersGlobe Capital is a leading clearing member and was named NSE Clearing Member of the Year in 2018 and 2019, and MCX Leading Clearing Member in 2021 and 2022. The company provides clearing services for MCX commodity derivatives.
• National Stock Exchange (NSE)coreOthersPrimary exchange partner with 17% market share in equity derivatives clearing. Globe Capital holds NSE TM Code 06637 and provides clearing services for NSE equity and currency derivatives.
• BSE (Bombay Stock Exchange)coreOthersExchange partner with BSE Clearing No. 3179. Globe Capital provides clearing services for BSE equity segment.
• NSDL (National Securities Depository Limited)coreOthersDepository participant with NSDL DP ID: IN300966 for dematerialization services.
• CDSL (Central Depository Services Limited)coreOthersDepository participant with CDSL DP ID: 12020600 for dematerialization services.
• NCDEX (National Commodity and Derivatives Exchange)coreOthersExchange partner for agri-commodity derivatives with clearing member services.
• Mutual Fund Houses (Partners)coreOthersDistribution partner for multiple mutual fund houses including HDFC AMC, ICICI Prudential, SBI, Aditya Birla, Nippon India, Tata, UTI, DSP, Kotak, and others.

Scale indicators14 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• 5paisa Capital: Discount-oriented Indian broker with mobile/web trading across equities, derivatives, commodities and mutual funds. Direct competitor on price-sensitive retail trading customers alongside Zerodha and Groww.
• Zerodha: India's largest discount broker offering retail equities, derivatives, commodities and currency trading through Kite. Direct competitor to Globe Capital's retail broking franchise, competing primarily on price and platform experience.
• Groww: Tech-first Indian retail broker and mutual fund distributor. Direct competitor on retail brokerage and mutual fund distribution, leveraging strong digital UX and low-cost model to win retail market share from full-service brokers.
• Nuvama Wealth and Investment: Wealth management and institutional broking firm (formerly Edelweiss Broking) with HNI, distribution and institutional focus. Closely comparable to Globe on HNI wealth management and institutional clearing/business.
• Angel One: Tech-first Indian retail broker with mobile-first platform, PMS, and mutual fund distribution. Competes directly with Globe Capital for retail trading and wealth customers, with a heavier tilt toward digital/self-serve.
• Motilal Oswal Financial Services: Full-service Indian broker and wealth manager with broking, PMS, distribution and investment banking across retail and institutional segments. Closely comparable to Globe Capital in multi-product strategy and HNI focus.
• Sharekhan: Full-service Indian broker with retail focus across equities, derivatives, commodities and mutual funds, plus PMS. Closely comparable business model and product mix to Globe Capital's retail and HNI offerings.

Broad incumbents

• HDFC Securities: Bank-affiliated (HDFC Bank group) full-service broker with strong retail distribution via parent bank's customer base. Competes with Globe Capital across broking and distribution, benefiting from parent banking scale.
• ICICI Securities: Bank-backed full-service broker (subsidiary of ICICI Bank) offering equities, derivatives, IPO distribution, PMS and wealth services. Competes with Globe on the retail side but operates within a much larger financial group.
• Kotak Securities: Bank-affiliated (Kotak Mahindra group) full-service broker offering equities, derivatives, distribution, and wealth management. Larger incumbent with broader balance sheet; competes with Globe across multiple product lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/globecapital
• LinkedInlinkedin.com/company/globe-capital-market-limited
• Instagraminstagram.com/globecapital/?hl=en
• Xx.com/globe_market

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

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 Globe Capital Market