Abans Group

What Abans Group does

Abans Group is a privately held, founder-controlled diversified financial services and commodities conglomerate founded in 2005 by Abhishek Bansal at age 18 and headquartered in Mumbai, India. The group operates through multiple SEBI-registered entities spanning stock broking (Abans Securities), commodity broking (Abans Broking Services, Abans Commodities India), portfolio management services, and depository participant services through both NSDL and CDSL. It holds trading-cum-clearing memberships across NSE, BSE, MCX, NCDEX, and MSEI, as well as GIFT City IFSC memberships on NSE IX, India INX, and the International Bullion Exchange (IIBX).

The group generates revenue across nine distinct streams: commodity and securities broking (transaction fees), PMS and depository services (subscription/recurring), cross-border investment advisory through London and Mauritius entities (subscription), gold refining and jewellery trading (hardware sales), agricultural commodity imports/exports (transaction fees), and AMFI-registered mutual fund distribution (affiliate referral). Its go-to-market is sales-led, leveraging approximately 300 employees across 10 countries including Dubai, Shanghai, Singapore, Hong Kong, Mauritius, London, and commodity procurement hubs in Ghana, Colombia, and Peru. Customer segments span retail investors, high-net-worth individuals, corporate clients, and foreign institutional investors.

Beyond financial services, the group has diversified into adjacent verticals including real estate (Abans Realty & Infrastructure), bullion and jewellery (Abans Jewels), and healthcare (LifeSurge Biosciences). The company operates with no disclosed external institutional investment or PE/VC backing and maintains no public listing. In November 2025, the group announced the proposed divestiture of its Indian facility management subsidiary (Abans FM) to i Sec Solutions as part of portfolio rationalization.

Name

Abans Group

Legal name

Abans Group (operated through Abans Securities Private Limited, Abans Broking Services Private Limited, and other affiliated entities)

Website

https://abans.co.in

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Financial Brokerage and Trading Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Commodity Contracts Intermediation (523160), Securities and Commodity Exchanges (523210), Securities and Commodity Exchanges (52321)

SIC

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

akta.pro primary industry

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

akta.pro secondary industries

Market Making & Liquidity Provision (FSADAJAC), FX Matching & Aggregation Venues (Liquidity Aggregators) (FSAFADAH)

Keywords

• Commodity broking services
• Stock broking services
• Portfolio management services
• Depository participant services
• Gold refining operations

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Commodity Trading and Broking: Commodity trading and broking services through MCX and NCDEX memberships. The company engages in proprietary trading activities in exchange-traded commodities.
2. Financial Securities Broking: Stock broking and securities trading services across BSE, NSE, and MSEI. Includes proprietary trading in exchange-traded securities.
3. Portfolio Management Services: SEBI-registered Portfolio Management Services (PMS) offering discretionary and non-discretionary investment management.
4. Depository Services: Depository participant services through both NSDL and CDSL for demat account operations.
5. Investment Management and Advisory: Cross-border investment management and advisory services through entities in London and Mauritius, enabling international investors to access Indian markets.
6. Gold Refining and Jewellery: Gold refining operations in Rudrapur, India and jewellery/bullion trading through Hong Kong entity.
7. Agricultural Trading: Agricultural commodity imports and exports through Abans Middle East DMCC and warehousing operations in Ahmedabad.
8. Mutual Fund Distribution: AMFI-registered mutual fund distributor offering mutual fund products to clients.
9. Bullion Trading (IFSC): International Bullion Exchange trading through GIFT City entity (IIBX membership).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Abans Group is a diversified financial services and commodities conglomerate that provides commodity broking on MCX and NCDEX, equity and derivatives broking on NSE/BSE/MSEI, SEBI-registered Portfolio Management Services, and depository participant services through NSDL and CDSL. Beyond exchange-based services, the group operates gold refining in Rudrapur, agricultural commodity import-export via Dubai and Shanghai, jewellery and bullion trading out of Hong Kong, and cross-border investment advisory through London and Mauritius entities. The group also runs GIFT City IFSC operations for international bullion and securities trading under Abans Global Broking (IFSC).

Product overview

Abans Group operates as a diversified financial services conglomerate offering a comprehensive suite of trading and investment products across multiple asset classes and geographies. The portfolio includes commodity trading through ACIPL and ABSPL, stock broking through ASPL and ABSPL, depository services, portfolio management services, agricultural trading, jewellery and bullion, and real estate. The group operates across 10 countries with significant presence in India, Dubai, Singapore, Mauritius, and GIFT City, serving retail and institutional clients through multiple exchange memberships (NSE, BSE, MCX, NCDEX, NSE IX, India INX, IIBX). The companies operate under separate legal entities with individual SEBI registrations, providing services ranging from equity and commodity trading to foreign exchange operations and alternative investment management.

Differentiator

Problem solved

Functional benefit

Products and services

• Commodity Broking Services Trading and broking services on MCX and NCDEX for commodities, provided through ACIPL and Abans Broking Services Private Limited for retail traders, HNIs, and corporate hedgers.
• Equity and Derivatives Broking Stock broking services across BSE, NSE, and MSEI, including equity and derivative trading, provided through Abans Securities Private Limited for retail investors, traders, and institutional clients.
• Portfolio Management Services (PMS) SEBI-registered discretionary and non-discretionary investment management for HNI clients, offered with fee calculation tools and recurring management fees.
• Depository Participant Services Demat account operations and depository participant services through both NSDL and CDSL for retail and institutional clients holding Indian securities.
• Mutual Fund Distribution AMFI-registered mutual fund distribution offering mutual fund products to retail and HNI clients through affiliated brokerage entities.
• Gold Refining Gold refining operations at the Rudrapur production facility, sourcing gold dore from West Africa and South America for refining and onward sale as bullion and jewellery.
• Jewellery and Bullion Trading Jewellery and bullion trading through Abans Jewels and the group's Hong Kong entity, distributing refined gold to domestic and international buyers.
• Agricultural Commodity Trading Agricultural commodity imports, exports, warehousing, and storage through Abans Middle East DMCC (Dubai), Shanghai office, and the Ahmedabad warehousing facility.
• IFSC Bullion and Securities Trading Bullion and securities trading on NSE IX, India INX, and IIBX from GIFT City IFSC, serving institutional and international clients through Abans Global Broking (IFSC) Private Limited.
• Cross-Border Investment Management and Advisory Cross-border investment management and advisory services delivered through Abans Global (London) and Abans International (Mauritius), enabling international investors to access Indian securities and commodity markets.
• Real Estate Development Real estate development services through Abans Realty & Infrastructure, part of the group's diversification strategy.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• i Sec SolutionscoreOthers · 14 November 2025i Sec Solutions announced plans to acquire Abans FM, the Indian subsidiary of Abans Group, to enter the Integrated Facility Management (IFM) sector. The deal is currently under due diligence and expected to close in the coming quarter. Post-acquisition, i Sec Solutions plans to integrate Abans FM under a unified IFM vertical and explore synergies with its existing security, maintenance, and automation operations. This represents a strategic divestiture by Abans Group of its Indian facility management business.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Zerodha: Tech-led discount Indian broker with NSE, BSE, MCX memberships, dominating retail trading volume — relevant comparable for Abans' commodity and equity broking volume and pricing dynamics, though operating with a fundamentally different cost structure.

Direct peers

• Choice Broking: Mid-tier Indian broker offering equity, commodity, and currency derivatives trading, PMS, and depository services — comparable to Abans' mid-scale multi-asset broking and portfolio management offerings.
• IIFL Securities: Full-service Indian broker offering equity, commodity, and currency derivatives trading along with PMS and depository services, comparable to Abans' trading-cum-clearing member operations on MCX, NCDEX, NSE, and BSE.
• Sharekhan (BNP Paribas): Indian retail-focused broker offering equity, commodity, and currency derivatives trading with PMS and mutual fund distribution, comparable to Abans' multi-asset retail and HNI broking franchise.
• Geojit Financial Services: Indian financial services firm offering stock and commodity broking, PMS, and mutual fund distribution with presence across BSE, NSE, MCX, and NCDEX — closely overlapping with Abans' exchange memberships and service mix.
• Anand Rathi Financial Services: Indian broker and wealth manager providing equity broking, commodity broking, PMS, and investment advisory across retail and institutional segments, closely mirroring Abans' multi-asset broking and PMS positioning.
• Motilal Oswal Financial Services: Indian diversified financial services group offering equity broking, commodity broking, PMS, depository, investment advisory, and wealth management with multi-asset and multi-channel distribution — directly comparable to Abans' integrated Indian financial services franchise.

Broad incumbents

• Kotak Securities: Large Indian brokerage offering equity, commodity, and currency derivatives broking along with PMS and depository services through a broader retail and institutional platform, competing with Abans but at meaningfully larger scale.
• HDFC Securities: Bank-affiliated full-service broker providing equity and derivative broking, mutual fund distribution, and depository services as part of HDFC Group's wider financial services portfolio, competing with Abans in the retail broking space.
• ICICI Securities: Bank-affiliated Indian broker and investment bank offering equity broking, PMS, and institutional equities services as part of ICICI Group's broader financial services platform, competing with Abans across retail and institutional segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries11 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 Abans Group