What R Wadiwala Securities does

R Wadiwala Securities Pvt Ltd is a Surat-headquartered, family-owned Indian brokerage and wealth management firm established in 1943, operating as a SEBI-registered stockbroker (registration INZ000187332) and Portfolio Management Service provider (registration INP000004045) with memberships on BSE, NSE, MCX and CDSL. The firm serves retail investors, HNIs, corporates and trusts across South Gujarat through a hybrid distribution model anchored by 50+ offices, 120+ franchisees and a 125+ member team led by CEO Nainish Wadiwala.

The product stack spans equity and derivatives trading on BSE/NSE, mutual fund distribution, SEBI-registered Portfolio Management Services with a minimum investment of Rs. 50 Lakhs, and an online trading platform delivered across web, desktop terminal and mobile applications (Mtrade for live trading, Backoffice for portfolio/reporting). Add-on modules include an Easy IPO portal with UPI-based ASBA blocking, Margin Trading Facility (MTF), Securities Lending and Borrowing (SLB), and a TradingView integration providing professional-grade charting and direct order execution. Operational integrations with the HDFC Payment Gateway and TradingView support instant fund transfer and research-to-trade workflows.

Revenue is generated from transaction-based brokerage commissions on equity, derivatives and mutual fund trades, recurring management/performance fees from PMS mandates, interest income on margin-funded positions (MTF), and transaction fees from SLB lending. Go-to-market combines relationship-manager-led personal advisory for HNI and PMS clients, franchisee-led retail distribution across South Gujarat, and self-serve digital onboarding enabling paperless account opening in under 15 minutes. The firm reports more than 50,000 active clients and approximately Rs. 7,000 Crores in assets under custody.

Name

R Wadiwala Securities

Legal name

R Wadiwala Securities Pvt Ltd

Website

https://rwsec.com

Company type

Private

Founded year

1943

Operating status

Operating

Headcount range

51–100 employees

Short description

R Wadiwala Securities is a Surat-based, family-owned, SEBI-registered Indian broker and portfolio manager offering equities, derivatives, mutual funds, PMS and digital trading across South Gujarat to retail and HNI clients via 50+ offices and 120+ franchisees since 1943.

Ownership category

akta.pro rank

Product category

Retail Brokerage and Wealth Management

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221), Investment Advice (6282)

akta.pro primary industry

Stock Borrow/Loan (Equities Securities Lending) (FSACAFAD)

Keywords

• Retail brokerage services
• Portfolio management services
• Equity and derivatives trading
• Mutual fund distribution
• Securities lending and borrowing

Headquarters

HQ city

Surat

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commissions: Transaction-based brokerage fees charged on equity, derivatives, and mutual fund trades executed on BSE, NSE, and MCX exchanges
2. Margin Trading Interest: Interest income charged on funded amounts for margin trading positions held by clients over time
3. Portfolio Management Services Fees: Management fees and performance fees charged for PMS accounts with minimum investment of ₹50 Lakhs
4. Securities Lending & Borrowing Fees: Lending fees earned when clients lend idle shares to borrowers through the SLB platform

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

R Wadiwala Securities is a SEBI-registered stock broker offering equity and derivatives trading on BSE, NSE, and MCX, mutual fund distribution, SEBI-registered Portfolio Management Services (PMS) for HNIs and institutions, IPO investments, Margin Trading Facility (MTF), and Securities Lending & Borrowing (SLB). The firm distributes these products through a proprietary web, desktop, and mobile trading platform alongside a 120+ franchisee network and dedicated relationship managers across 50+ South Gujarat locations.

Product overview

R Wadiwala Securities is a multi-product brokerage firm offering a unified trading and investment platform with multiple core products and add-on modules. Core offerings include Equity Trading and Derivatives Trading on BSE/NSE, Mutual Funds, Portfolio Management Services (PMS), and an Online Trading Platform accessible via web, desktop, and mobile. These are complemented by add-on modules including IPO Investments with Easy IPO portal, Margin Trading Facility (MTF) for leveraged delivery trading, Securities Lending & Borrowing (SLB) platform, TradingView integration for advanced charting, and dedicated Mobile Apps (Mtrade for trading, Backoffice for portfolio management). The ecosystem is powered by HDFC payment gateway for fund transfers. The company was established in 1943 and serves 50K+ clients with Rs. 7000Cr+ assets under custody.

Differentiator

Problem solved

Functional benefit

Products and services

• Equity Trading Stock trading on BSE and NSE with real-time market data, research-backed recommendations, advanced charting, and low brokerage charges for buying, selling, and trading equities, targeted at retail investors.
• Derivatives Trading Futures and options trading on NSE and BSE with real-time Greeks analysis, advanced risk analytics, and competitive margin requirements for hedging, speculation, and arbitrage strategies, targeted at active traders.
• Mutual Funds Mutual fund investment services offering growth, income, balanced, tax-saving (ELSS), index, and sector-specific funds with paperless convenience, dematerialized units, and SIPs starting at ₹500/month, targeted at retail investors.
• Portfolio Management Services (PMS) SEBI-registered customized model portfolios in stocks, fixed income, debt, and structured products with active management and continuous monitoring, focused on growth and value stock mix with conservative bias, targeted at HNIs, corporate entities, and trusts with a ₹50 Lakhs minimum investment.
• Online Trading Platform Web-based, desktop terminal, and mobile trading platform providing NSE, BSE, and F&O access with live streaming quotes, hot-key functions, BTST facility, HDFC payment gateway integration, and paperless account opening in under 15 minutes, targeted at retail traders and active investors.
• IPO Investments IPO application service via the Easy IPO portal enabling browsing open IPOs, UPI-based ASBA blocking, research reports, IPO alerts, and allotment tracking, targeted at retail investors seeking primary market access.
• Margin Trading Facility (MTF) Delivery-based leverage facility allowing investors to hold positions by paying only a margin fraction of total trade value, funded by the broker at an interest rate, available on approved stocks across BSE and NSE, targeted at retail investors seeking amplified delivery exposure.
• Securities Lending & Borrowing (SLB) SLB platform enabling lenders to earn fees on idle shares and borrowers to access shares for short selling or arbitrage with central counterparty guarantee and no capital gains tax on lending, targeted at retail and institutional clients.

Quantifiable outcome

• Account opening and activation within 24 hours
• +2 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• BSE (Bombay Stock Exchange)coreTechnology or IntegrationExchange membership enabling trading on Bombay Stock Exchange for equity, derivatives, and other securities. Full compliance with BSE regulations for complete safety.
• NSE (National Stock Exchange)coreTechnology or IntegrationExchange membership enabling trading on National Stock Exchange for equity, F&O, and other segments. Full compliance with NSE regulations.
• MCX (Multi Commodity Exchange)coreTechnology or IntegrationExchange membership enabling commodity derivatives trading on MCX. Full compliance with MCX regulations.
• CDSL (Central Depository Services Ltd)coreTechnology or IntegrationDepository services for dematerialisation of securities, maintaining client holdings in electronic format, and facilitating seamless settlement.
• SEBI (Securities and Exchange Board of India)coreOthersRegulatory oversight and registration. SEBI Regn: INZ000187332 for broker operations and INP000004045 for PMS. Full compliance with SEBI regulations for investor protection.
• HDFC BankcoreTechnology or IntegrationIntegrated HDFC payment gateway for instant fund transfers, seamless margin management, and payment processing for trading accounts.
• TradingViewcoreTechnology or IntegrationTradingView integration brings professional-grade charting and analysis tools. Features include alerts, Pine Editor for custom indicators, stock screeners, and advanced charting. Direct trading execution from TradingView charts.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Kotak Securities: Bank-affiliated Indian stock broker with equity, derivatives, and mutual fund offerings targeted at retail and HNI clients. Comparable as a full-service incumbent with strong regional and national distribution.
• HDFC Securities: Bank-affiliated Indian stock broker offering equity, F&O, mutual funds, and IPO with HDFC Bank integration for funding. Comparable as a full-service incumbent leveraging banking relationships for client acquisition.
• Axis Direct: Bank-affiliated Indian brokerage offering equity, derivatives, commodities, mutual funds, and PMS with research-led advisory. Comparable as a full-service incumbent combining digital tools with relationship management.
• Motilal Oswal Financial Services: Large diversified Indian financial services firm offering broking, PMS, wealth management, and investment banking. Comparable as a broader incumbent serving similar retail and HNI segments with an expanded product portfolio.
• ICICI Direct: Bank-led Indian brokerage offering equity, derivatives, mutual funds, IPO, and PMS integrated with ICICI Bank. Comparable as a full-service incumbent with similar product breadth and HNI focus.

Direct peers

• Sharekhan: Full-service Indian broker offering equity, derivatives, commodities, mutual funds, and PMS with an extensive franchisee/sub-broker network. Highly comparable in product breadth and franchise-driven distribution model.
• Groww: Leading Indian discount broker and wealth platform offering equity, F&O, and mutual fund investing via mobile app. Comparable as a direct competitor for retail brokerage customers, particularly younger and first-time investors.
• Upstox: Tech-first Indian discount broker offering equity, derivatives, and commodity trading across BSE, NSE, and MCX. Direct competitor for cost-conscious active traders using mobile/web platforms.
• Zerodha: India's largest discount stock broker offering equity, derivatives, and mutual fund trading through the Kite platform. Directly comparable as a SEBI-registered broker competing for the same retail and HNI trader base, though with a tech-first, no-advisory model.
• Angel One (Angel Broking): Full-service-to-discount hybrid Indian broker offering equity, derivatives, commodities (MCX), mutual funds, and PMS via mobile and web platforms. Closely comparable product suite including commodity exchange membership.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/rwadiwalagroup
• YouTubeyoutube.com/channel/UCY7VfIpNOWq53AFzW0_Netw
• Facebookfacebook.com/rwadiwala
• LinkedInlinkedin.com/company/rwsec
• Instagraminstagram.com/r_wadiwala

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

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 R Wadiwala Securities