Aryan Share & Stock Brokers

What Aryan Share & Stock Brokers does

Aryan Share and Stockbrokers Limited (ASSBL) is a Chennai-headquartered, publicly listed (BSE: 542176) retail stock broking firm founded in 1992 by 'Team Aryan'. The company operates as an active trading member of the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and Multi Commodity Exchange (MCX, through group company MMCS), and is a Depository Participant with Central Depository Services Limited (CDSL). It serves 3,000+ retail shareholders and clients across India through a branch network, an empaneled channel associate program (sub-brokers, branch business associates, remisiers), and online trading facilities.

The firm's technology stack is built on the ODIN 9X trading terminal with VPN connectivity delivered via V.Sat, Broadband and DSL lines for over-the-counter (OTC) trading under a branch concept, and the SHARE PRO automated back office system integrated with DEMAT operations for one-click client information. Functional capabilities include online and OTC trading in cash and derivative segments, multi-option deposits as margin, CTCL (Computer-to-Computer Trading), depository services, commodity futures trading (via MMCS on MCX), and value-added services such as portfolio guidance, investment ideas, technical analysis, and periodic training. Leadership comprises three directors: Shanmukh N Shah (Managing Director), Paresh N S (Whole Time Director) and Manoj N Shah (Whole Time Director & CFO).

The business model is transaction-fee based: revenue is generated primarily through brokerage commissions on cash and derivative trades, commodity trading commissions, depository service charges, and channel associate brokerage sharing. Q3 FY2025-26 standalone net profit rose 34.48% year-on-year to Rs. 0.39 crore on sales of Rs. 0.07 crore (up 40% YoY), though the very small absolute sales figure suggests the disclosed line is narrower than total operating revenue. The company has grown from a Rs. 300 lakh base capital to a multi-fold networth, files quarterly financial results through FY 2025-26, and has not disclosed any external funding rounds, acquisitions, or material leadership changes.

Name

Aryan Share & Stock Brokers

Legal name

Aryan Share and Stockbrokers Limited

Website

https://assbl.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Aryan Share & Stock Brokers is a Chennai-based, publicly listed (BSE: 542176) retail stock broking firm founded in 1992. It provides NSE/BSE cash and derivative trading, MCX commodity trading (via group company MMCS), and CDSL depository services to 3,000+ retail clients across India through a pan-India branch and channel partner network.

Ownership category

akta.pro rank

Product category

Retail Stock Broking

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160)

SIC

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

akta.pro primary industry

Independent Broker-Dealers (Retail Network) (FSAAAAAC)

akta.pro secondary industry

Agency Equity Execution (Cash Equities) (FSACAFAA)

Keywords

• Retail stock broking
• Commodity futures trading
• Depository participant services
• Equity trading platform
• Investment advisory services

Headquarters

HQ city

Chennai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commission - Cash Segment: Brokerage fees from retail broking services in the cash segment of NSE and BSE
2. Brokerage Commission - Derivative Segment: Brokerage fees from derivative segment trading on NSE and BSE
3. Commodity Trading - MCX: Commodity futures trading through group company MMCS on MCX including Agri Commodities, Bullion, Metals, Pulses, Oils & Oilseeds, Plantations, Spices and soft commodities
4. Depository Services: Depository Participant services for CDSL providing clearance, settlement, custody and asset servicing for securities. Service charges are competitive with no extra transaction charges for existing broking clients
5. Channel Associate Charges: Charges for sub-brokers, branch business associates and remisiers with brokerage sharing ratio as low as Rs.1000 per crore in certain defined packages

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

Aryan Share & Stock Brokers (ASSBL) is a Chennai-based retail stock broking firm that provides equity trading on the cash and derivative segments of NSE and BSE through Over the Counter and online trading terminals. The firm also offers depository participant services through CDSL and commodity futures trading on MCX via its group company MMCS, supported by a proprietary automated back office (SHARE PRO) and a pan-India branch and channel partner network.

Product overview

Aryan Share & Stock Brokers operates as a multi-segment financial services firm with its flagship entity ASSBL providing retail broking services across NSE and BSE. The core offerings include Over the Counter (ODIN 9X) and Internet Trading terminals, supported by the proprietary SHARE PRO back office system integrated with CDSL depository services. The MMCS subsidiary extends commodity futures trading capabilities through MCX. Additional services encompass portfolio guidance, technical analysis, training, and margin trading facilities, all delivered via pan-India branch network with VPN connectivity infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• SHARE PRO: Completely automated back office software integrated with DEMAT operations, providing One Click information to clients.
• MMCS (Money Managers Commodity Services)

Products and services

• Retail Equity Broking (NSE & BSE Cash and Derivatives) Core retail stock broking service for individual investors providing order placement, execution, surveillance and settlement across the cash and derivative segments of NSE and BSE, delivered through a pan-India branch network.
• Depository Participant Services (CDSL) Depository services providing clearance, settlement, custody and asset servicing of securities through CDSL, with competitive tariff and no extra transaction charges for existing broking clients.
• Commodity Futures Trading (MMCS on MCX) Commodity futures trading services offered through group company MMCS on MCX covering agri commodities, bullion, metals, pulses, oils and oilseeds, plantations, spices and soft commodities.
• Over the Counter Trading Facility Branch-based OTC trading facility using ODIN 9X terminals connected through VPN via V.Sat, Broadband and DSL, enabling investors to trade from any desired location.
• Online Trading Platform Internet-based trading facility allowing clients to place orders and execute trades online through the firm's web platform with order placement, surveillance and confirmation features.
• Portfolio Guidance and Investment Advisory Advisory and training services for retail clients covering portfolio guidance, investment ideas, technical analysis, and periodic training sessions.
• Channel Associate Program (Sub-brokers, Remisiers, Branch Business Associates) Partner program that empanels sub-brokers, branch business associates and remisiers to source retail clients, with brokerage sharing ratios described as among the most competitive in the industry.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• National Stock Exchange (NSE)coreStrategic or Co-development Partner · 1 January 1992Active trading member of NSE providing retail broking services in cash and derivative segments. The company operates on ODIN 9X platform for trading terminal operations.
• Bombay Stock Exchange (BSE)coreStrategic or Co-development Partner · 1 January 1992Active trading member of BSE providing retail broking services in cash and derivative segments.
• Multi Commodity Exchange (MCX)coreStrategic or Co-development Partner · 1 January 1992Group company MMCS is an active trading member of MCX (Membership No: 10990) providing online commodity futures trading in Agri Commodities, Bullion, Metals, Pulses, Oils & Oilseeds, Plantations, Spices and soft commodities.
• Central Depository Services Limited (CDSL)coreTechnology or Integration · 1 January 1992Active Depository Participant with CDSL providing clearance, settlement, custody and asset servicing for securities listed in India. Services offered at competitive tariff with no extra transaction charges for existing broking clients.
• Cameo Corporate Services Ltd.minorOthersRegistrar and Transfer Agent for the company. Located at No. 1, Subramaniam Building, Club House Road, Chennai 600002. Contact: 044-40020700/710, [email protected]

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Market position

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/aryan-share-and-stock-brokers-limited---india

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 Aryan Share & Stock Brokers