Allwin Securities

What Allwin Securities does

Allwin Securities Limited is a privately held, SEBI-registered stock broking and advisory firm headquartered in Mumbai, India, founded in 1995. It is a member of the Bombay Stock Exchange (since 2005) and the National Stock Exchange (since 2012), and operates as a CDSL Depository Participant. The firm serves primarily individual retail investors in Indian equities, with additional reach into active F&O and commodity traders and a nascent institutional segment via a dedicated institution business department.

The company's core products include equity trading and advisory, derivatives (futures and options) strategies, commodity futures on MCX and NCDEX, and depository services through CDSL. Technology infrastructure comprises a proprietary mobile application on iOS and Android, a web-based eKYC account opening platform, an online back office reporting portal, and a capital gain calculator. A proprietary Stock Ranking System and an in-house Equity Advisory Group provide fundamental and technical research and timing recommendations. Exchange and depository integrations with NSE, BSE, CDSL, and NSDL form the operational backbone.

Allwin generates revenue primarily through brokerage and transaction commissions on equity, derivative, and commodity trades, supplemented by advisory fees and depository service charges. Its go-to-market is sales-led and relationship-driven, with dedicated advisors as single points of contact, supported by multi-channel distribution including mobile apps, the corporate website, and a 25-line phone support operation. The company is pursuing diversification into mutual fund distribution, insurance sales, and institutional broking as additional revenue streams.

Name

Allwin Securities

Legal name

Allwin Securities Limited

Website

https://allwinsecurities.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Allwin Securities Limited is a Mumbai-based, SEBI-registered stock broking and advisory firm serving primarily Indian retail investors with equity, derivatives, and commodity trading, plus depository and IPO services through BSE, NSE, and CDSL.

Ownership category

akta.pro rank

Product category

Stock Brokerage Services

NAICS

Investment Banking and Securities Intermediation (52315), Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (52316)

SIC

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

akta.pro primary industry

IPO & New Issue Issuer Services (Listing/ISIN setup) (FSACAKAH)

akta.pro secondary industry

Securities Borrowing & Lending (Equities/Bonds) (FSACAIAC)

Keywords

• Stock broking services
• Equity trading
• Derivatives trading
• Depository services
• Commodity futures

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

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/Transaction Fees: The primary revenue stream comes from brokerage commissions charged on equity trades, derivatives trading, and commodity transactions executed for clients.
2. Advisory Fees: Revenue generated from providing equity trading and advisory services, including investment recommendations based on fundamental and technical analysis.
3. Depository Services: Demat account services and depository operations revenue through CDSL integration.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Allwin Securities is a SEBI-registered stock broking firm that provides equity trading on BSE/NSE, futures and options (derivatives) trading, commodity futures trading on MCX and NCDEX, and depository (Demat) services via CDSL to retail and institutional clients in India. Clients access these offerings through a proprietary mobile trading app, web-based eKYC onboarding, and a 25-line phone support desk, supplemented by an in-house Equity Advisory Group providing research-backed trading recommendations.

Product overview

Allwin Securities is a stock broking firm providing a unified trading platform through its mobile app and web services. The core offerings include Shares & Equities (with equity research and advisory), Derivatives trading (Futures & Options), Commodities trading on MCX/NCDEX, and Depository Services through CDSL. Additional services include IPO investment access, eKYC for account opening, back office reporting, and capital gain calculation tools. The product portfolio is interconnected: the mobile app serves as the primary access point for all trading activities (equities, F&O, commodities, IPOs), while the research team provides analysis supporting investment decisions across all segments.

Differentiator

Problem solved

Functional benefit

Products and services

• Allwin Securities Mobile Trading App Mobile trading application available on Google Play and Apple App Store that provides real-time equity market access, IPO subscriptions, futures and options trading, portfolio tracking, and analysis tools for retail investors.
• Shares & Equities Trading and Advisory Equity trading and advisory services providing fundamental and technical analysis, stock research reports, and investment recommendations based on client profiles, executed via the BSE and NSE exchanges.
• Derivatives Trading (Futures & Options) Equity derivatives trading with advisory support for futures and options strategies including Bull Spread, Bear Spread, and covered call writing, designed for hedging, leverage, and speculation.
• Commodities Trading Currency and commodity futures trading on MCX and NCDEX exchanges, with advisory support covering risk-free spread and arbitrage opportunities across precious metals, energy, base metals, and agri commodities.
• Depository Services Demat account services for holding securities electronically, connected with CDSL (registration IN-DP-25-2015) for seamless trading settlement, pledge creation, and investor alerts on debit transactions.
• Equity Research & Advisory Fundamental and technical analysis service providing stock research reports, trading ideas based on market flow analysis, and entry/exit timing recommendations delivered through the firm's Equity Advisory Group.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• National Stock Exchange (NSE)coreOthersAllwin Securities is a registered member of NSE, operating in the Equity and Derivatives segments. This membership enables the company to execute trades on India's premier stock exchange.
• Bombay Stock Exchange (BSE)coreOthersAllwin Securities is a registered member of BSE since 2005, operating in the Equity segment. The company is identified by SEBI registration number INZ000239635 for BSE operations.
• CDSL (Central Depository Services Limited)coreTechnology or IntegrationThe company provides depository services through CDSL, enabling demat account operations, pledge creation, and investor alerts for all debit transactions.
• Multi Commodity Exchange (MCX)minorOthersAllwin Securities enables commodity futures trading on MCX, allowing clients to trade commodities like silver (ranked No.1), gold, crude oil, copper, zinc, and natural gas.
• National Commodity and Derivatives Exchange (NCDEX)minorOthersThe commodity trading desk enables trading in commodity futures listed on NCDEX, particularly relevant for India's agri-based economy.

Scale indicators4 records

Recent moves10 records

Expansion highlights4 records

Broad incumbents

• IIFL Securities: Full-service Indian securities firm with broking, advisory, research, depository, and distribution businesses across retail and institutional segments. Comparable product mix and advisory emphasis to Allwin, but at materially larger scale.
• ICICI Direct: Bank-affiliated full-service online brokerage offering equity, derivatives, commodity, IPO, mutual fund, and depository services. Comparable product breadth and 3-in-1 account integration that Allwin is building toward.
• Kotak Securities: Bank-affiliated Indian broker providing equities, derivatives, commodities, currency, IPO, mutual funds, and depository services. Comparable product breadth to Allwin with much deeper capital base and distribution.
• HDFC Securities: Bank-affiliated Indian broker offering equities, derivatives, commodities, IPO, mutual funds, and demat services to retail and institutional clients. Same overall product suite as Allwin with much larger distribution via the HDFC banking network.
• Motilal Oswal Financial Services: Large Indian brokerage and financial services firm with equities, derivatives, commodities, currency, mutual funds, and research advisory. Overlaps broadly with Allwin's product set while serving a much broader institutional and retail base.
• Zerodha: India's largest discount broker offering equities, derivatives, commodities, and mutual funds through Kite. Directly competes with Allwin for retail and active trader clients but operates at vastly larger scale with a tech-first, low-cost model.

Emerging players

• Groww: Fast-growing Indian retail investing platform offering equities, derivatives, IPOs, and mutual funds through a mobile-first experience. Represents the demographic and technological competitive threat Allwin faces from newer entrants.

Direct peers

• Upstox: Discount online broker in India providing equities, derivatives, commodities, and currency trading with a mobile-first platform. Competes with Allwin for the same retail and active trader audience with a low-cost technology-led model.
• Angel One: Full-service to discount hybrid Indian stock broker providing equity, F&O, commodity, and currency trading plus advisory research through mobile and web platforms. One of the closest direct competitors to Allwin's offering set.
• Sharekhan: Traditional full-service Indian broker with trading, derivatives, commodities, depository services, and research/advisory capabilities. Highly comparable to Allwin in product mix and advisory-led positioning, though operating at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/allwin-securities-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Allwin Securities