Centrum Broking

What Centrum Broking does

Centrum Broking Limited is a Mumbai-based, SEBI-registered full-service broking house incorporated in 1994, operating as part of the broader Centrum Group ecosystem established in 1996. The company provides equity-oriented solutions to high net-worth individuals and institutional clients across four core verticals: cash equity broking, derivatives (futures and options) trading, IPO distribution and underwriting, and ETF investments, supplemented by CDSL depository participant services for demat accounts, pledge management, and securities transmission. It also operates an institutional research arm staffed by a 15-member analyst team covering 117 stocks across 12 sectors, delivering subscription-style research and idea-generation to mutual funds, insurance companies, FPIs, and other institutional accounts.

The technology stack centers on proprietary digital trading infrastructure — a web-based portal branded as Centrum Aero, a mobile trading application, and a forthcoming revamped client portal called Centrum GalaxC. These platforms enable self-directed trading, IPO applications, ETF investing, and portfolio restructuring. The company holds SEBI registrations as stock broker (INZ000205331 on NSE/BSE), depository participant (IN-DP-537-2020 via CDSL), and research analyst (INH000001469). Recent institutional mandates include acting as book-running lead manager for the Waterways Leisure Tourism IPO (Rs 585 crore) and as one of five lead managers for the OnEMI Technology Solutions IPO (Rs 926 crore), reflecting active engagement in Indian primary capital markets.

The business model is primarily transaction-fee based — brokerage commissions from cash and derivatives trading, underwriting and distribution fees from IPO mandates, and ancillary fees from depository services. Institutional research is offered on a subscription/recurring basis to institutional clients. Distribution combines direct digital channels, call-and-trade assisted trading for HNIs, and an authorized partner/sub-broker network for geographic reach. The company employs 101-250 people, operates two offices in Mumbai (Kalina corporate office and Central Plaza operations/customer-care office), and is led by an experienced board including CEO Jignesh Desai, Whole-time Director Hemang Dagli, and several former executives of Kotak Securities, HSBC Investdirect, Sharekhan, Aditya Birla Group, and Canara Bank. A stated strategic roadmap includes upcoming launches of mutual funds, bonds/G-Secs, digital gold, global markets investing, BNPL, LAS, MTF, tax and insurance solutions, and a discount brokerage tier — signaling a transition from a single-vertical equity broker toward a multi-asset digital financial platform.

Name

Centrum Broking

Legal name

Centrum Broking Limited

Website

https://centrumbroking.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Centrum Broking Limited is a Mumbai-based, SEBI-registered full-service broking house providing equity, derivatives, IPO distribution, ETF, and depository services to high net-worth individuals and institutional clients in India, supported by a 15-member institutional research team and proprietary digital trading platforms.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 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. Equity Broking: Commission-based equity trading services for retail and institutional clients. Operates across cash market segment with 20% minimum upfront margin requirement.
2. Derivatives Trading: Derivatives trading services including futures and options with margin-based trading facilities.
3. IPO Distribution: Book-running lead manager and lead manager for IPOs, earning underwriting and distribution fees. Has acted as book-running lead manager for Waterways Leisure Tourism IPO (Rs 585 crore) and as one of five lead managers for OnEMI Technology Solutions IPO (Rs 926 crore).
4. Depository Services: Depository participant services for demat account operations, securities holding, and pledge management.
5. Institutional Research: Stock research services provided to institutional clients covering midcap and mainstream companies across 12 sectors with 117 stocks.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Centrum Broking Limited is a full-service Indian stock broking house that provides equity and derivatives trading, IPO distribution and advisory, ETF investing, depository participant services, and institutional equity research to high net-worth individuals and institutional clients. The firm operates across NSE and BSE exchanges, supported by proprietary web (Centrum Aero/GalaxC) and mobile trading platforms, with a 15-member analyst team covering 117 stocks across 12 sectors.

Product overview

Centrum Broking is a full-service broking house offering a unified platform for equity-oriented solutions. The core product suite includes Equity, Derivatives, IPOs, and ETFs, with an upcoming digital expansion to include Mutual Funds, Bonds/G-Secs, Digital Gold, Global Markets Investment, and value-added services like BNPL, LAS, MTF, and Tax/Insurance solutions. The technology platform consists of Centrum Aero (web trading), Mobile and Web Trading Portal (with Robo advisory), and the upcoming Centrum GalaxC. Institutional Research services support the platform with coverage of 117 stocks across 12 sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Centrum GalaxC: Trading platform mentioned as 'Centrum Aero' and 'Centrum GalaxC' for web trading
• Centrum Aero

Products and services

• Equity Broking
• Derivatives Trading
• IPO Distribution and Advisory
• ETF Investments
• Depository Participant Services
• Institutional Research
• Centrum Aero Trading Platform
• Mobile Trading Application

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Axis Securities: Axis Bank-affiliated full-service broker offering equity, derivatives, IPO, and depository services. Direct competitor for HNI and institutional flow with bank-led distribution advantages.
• IIFL Securities: Indian financial services firm offering equity broking, distribution, institutional research, and wealth management. Comparable full-service model with overlapping institutional and HNI client base.
• HDFC Securities: HDFC Group-affiliated full-service broker offering trading, IPO distribution, and depository services to retail and institutional clients. Direct competitor for HNI and institutional equity business.
• Kotak Securities: Indian full-service stockbroker offering equity, derivatives, IPO distribution, institutional research, and depository services. Highly comparable product mix to Centrum Broking; Centrum director K. Sandeep Nayak was instrumental in setting up Kotak's online retail brokerage business.
• Motilal Oswal: Indian full-service broker with equity broking, derivatives, IPO distribution, strong institutional research, and wealth management offerings. Directly comparable to Centrum across retail, HNI, and institutional client segments.
• Religare Broking: Indian full-service stockbroker offering equity, derivatives, IPO, and depository services. Comparable product suite; Centrum CEO Jignesh Desai previously worked at Religare Capital Markets.
• Sharekhan: Indian full-service stockbroker with retail, derivatives, IPO, and depository services. Closely comparable product suite; Centrum director Shankar Vailaya served as Whole-time Director of Sharekhan for 20 years.
• ICICI Securities: Bank-affiliated Indian full-service broker offering equity, derivatives, IPO distribution, institutional research, and depository services. Overlaps Centrum's full-service model with stronger distribution reach via ICICI Bank.
• Emkay Global: Indian institutional-focused full-service broker offering equity research, sales, and trading. Closely comparable institutional research and execution capabilities; Centrum CEO Jignesh Desai previously worked at Emkay Global.
• Anand Rathi: Indian full-service financial services firm offering broking, wealth management, and institutional services with comparable HNI and institutional focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CentrumIndia
• Facebookfacebook.com/IndiaCentrum
• LinkedInlinkedin.com/company/centrum-broking-limited-cn

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Centrum Broking