Abhipra

What Abhipra does

Abhipra Capital Limited is a Delhi-headquartered, privately held Indian financial services firm founded in 1994 by CA V.D. Aggarwal. Operating entirely in the domestic market, the company runs an integrated, multi-vertical stack: NSE/BSE equity and derivatives broking (NSE Member ID 08150, BSE 0172), depository participant services through both NSDL (DP ID IN300206) and CDSL (DP ID 12015000), SEBI Category I Registrar and Transfer Agent services (INR000003829), PFRDA-registered Point of Presence distribution for the National Pension System — including NPS Vatsalya for minors — mutual fund and primary-market (IPO / OFS) distribution, and a corporate advisory practice covering SME listings on NSE EMERGE / BSE SME, fund-raising via VC/PE and debt, and credit rating advisory.

The technology backbone is abhi360, a proprietary trading platform delivered as both a web terminal and a native mobile application (iOS and Android), positioned around real-time charts, fast order routing, and continuous market access. Onboarding runs through a digital eKYC flow that opens Trading and Demat accounts in roughly five minutes, with bank verification handled through the Account Aggregator framework (and a fallback to physical document upload). The platform wraps around a unified 3-in-1 Demat + Trading + Mutual Fund account, integrates with NSDL SPEED-e, e-DIS / Demat Gateway, and Consolidated Account Statement infrastructure, and is supported by a separate back-office portal ("My Abhipra") for client account management.

Revenue is generated across multiple streams: transaction-based brokerage, depository transaction fees, professional-service fees for RTA mandates, recurring fee income from NPS as a POP, transaction fees on mutual fund and IPO distribution, and project-based advisory fees for corporate engagements. Pricing is not publicly disclosed (terms state fees are "as published on the Website or agreed separately"). Customer acquisition blends a product-led, self-serve digital funnel — abhi360 app, eKYC portal, content marketing via the Market Updates blog — with a sales-led direct-advisory channel for SME and corporate mandates. Customer segments are individual retail investors, high-net-worth individuals, corporate organizations, and SMEs requiring capital-markets access.

Name

Abhipra

Legal name

Abhipra Capital Limited

Website

https://abhipra.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Abhipra Capital Limited is a Delhi-based, SEBI- and PFRDA-registered Indian financial services firm offering stock broking on NSE/BSE, depository services via NSDL/CDSL, Category I RTA, NPS distribution, and corporate advisory for SMEs, serving retail investors, HNIs, and corporate clients since 1994.

Ownership category

akta.pro rank

Product category

Retail Brokerage & Financial Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150)

SIC

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

akta.pro primary industry

Full-Service Retail Brokerage & Wealth Platforms (FSAAAAAA)

akta.pro secondary industries

Agency Equity Execution (Cash Equities) (FSACAFAA), Sub-Accounting & Platform Servicing (Omnibus, Intermediary/NSCC, Retirement Platforms) (FSAAAMAI), AML/KYC, Investor Onboarding & Compliance Services (FSAAAMAE), Distribution Support & Dealer Services (Commissions/Trails, Agreements, Data Feeds) (FSAAAMAJ)

Keywords

• Stock broking services
• Depository participant services
• Registrar transfer agent
• Pension fund distribution
• Corporate financial advisory

Headquarters

HQ city

Connaught Place

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Stock Brokerage: Brokerage revenue from equity trading and derivatives market participation on NSE and BSE exchanges. Revenue generated through transaction-based brokerage fees.
2. Depository Services: Revenue from providing dematerialization and digital securities handling through NSDL and CDSL depository participant services.
3. RTA Services: SEBI Category I Registrar and Share Transfer Agent services generating revenue from issue management, corporate actions processing, investor services, and shareholder registry operations.
4. NPS Pension Services: PFRDA registered Point of Presence (POP) services for National Pension System, generating revenue from account management and pension-related services for individual, corporate, and NPS Vatsalya (minor) accounts.
5. Corporate Advisory: Fee-based advisory services including SME listing guidance (NSE EMERGE, BSE SME), fund raising facilitation through investor networks, and credit rating advisory.
6. Mutual Fund Distribution: Revenue from facilitating mutual fund investments including IPOs, Offer for Sale (OFS), and wide array of AMC products.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels3 records

Core offering

Abhipra provides integrated financial services including equity and derivatives trading on NSE/BSE, depository participant services through NSDL and CDSL, SEBI Category I Registrar and Transfer Agent services, PFRDA-registered NPS pension fund distribution as a Point of Presence, mutual fund distribution, and corporate advisory covering SME listings, IPO funding, and related corporate finance mandates. Service delivery is anchored by the proprietary abhi360 trading platform and a 3-in-1 Demat + Trading + Mutual Fund integrated account, supported by digital eKYC onboarding and an online back-office client portal.

Product overview

Abhipra offers an integrated financial services platform comprising a modern trading application (abhi360) alongside a suite of regulated financial services. The core portfolio includes a 3-in-1 account combining Demat, Trading, and Mutual Fund access; Financial Markets Services for NSE/BSE equity and derivatives trading; Depository Services through NSDL/CDSL; SEBI Category-I RTA Services for corporate actions and investor registry; Primary Market Services for IPO/mutual fund participation; Corporate Services for SME listings and fund-raising; and NPS & Pension Services as a PFRDA-registered PoP. A client back-office portal (bong.abhipra.com) provides account management capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• abhi360: Mobile trading app providing real-time charts, lightning-fast execution, and 24/7 market connectivity for modern traders.
• My Abhipra
• abi360 Markets Ltd

Products and services

• abhi360 Trading and Account Platform Abhipra's proprietary integrated platform available on web and mobile that consolidates equity and derivatives trading, Demat holdings, and mutual fund account access for clients.
• 3-in-1 Demat + Trading + Mutual Fund Account Integrated banking, Demat, trading, and mutual fund account that allows retail investors to manage equity, derivative, and mutual fund holdings through a single relationship.
• Financial Markets Services Equity and derivatives trading brokerage services on NSE and BSE for retail and active trader clients.
• Depository Participant Services (NSDL and CDSL) DP services for opening and maintaining Demat accounts, holding securities, and processing debit/credit instructions across both NSDL and CDSL.
• Registrar and Transfer Agent (RTA) Services SEBI Category I Registrar and Transfer Agent services covering share registrar maintenance, shareholder servicing, transfer and transmission processing, and other corporate RTA mandates.
• Primary Market Services (IPO and Mutual Fund Distribution) Primary market distribution services enabling clients to apply for IPOs and to subscribe to mutual fund offerings through Abhipra.
• Corporate Services / Corporate Advisory Corporate advisory mandates for SME exchange listings, IPO funding support, and other corporate finance engagements on behalf of issuer and growth-stage clients.
• NPS and Pension Services PFRDA-licensed Point of Presence (POP) services for opening, contributing to, and servicing Tier I and Tier II National Pension System accounts, including POS-aggregator servicing.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• NSE (National Stock Exchange)coreTechnology or IntegrationExchange membership providing access to NSE for equity trading and robust derivatives market participation. NSE Member ID: 08150.
• BSE (Bombay Stock Exchange)coreTechnology or IntegrationExchange membership providing access to BSE for equity trading. BSE Member ID: 0172.
• NSDL (National Securities Depository Limited)coreTechnology or IntegrationDepository participant services for dematerialization and electronic securities holding. NSDL DP ID: IN300206.
• CDSL (Central Depository Services Limited)coreTechnology or IntegrationDepository participant services for dematerialization and electronic securities handling. CDSL DP ID: 12015000.
• PFRDA (Pension Fund Regulatory and Development Authority)coreTechnology or IntegrationRegulatory oversight body for National Pension System. Abhipra is a registered Point of Presence (POP) providing NPS services.
• SEBI (Securities and Exchange Board of India)coreOthersPrimary regulator for securities markets. Abhipra holds multiple SEBI registrations: Stock Broker (INZ000285230), Depository Participant (IN-DP-13-2015), and Category I RTA (INR000003829).

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• 5paisa Capital: Indian discount and full-service broker offering trading, demat, mutual fund distribution, and personal loans through a mobile and web platform. Comparable to Abhipra's product breadth in broking, depository, and MF distribution, with a more price-aggressive retail positioning.
• Karvy Stock Broking: Indian integrated broker historically offering stock broking, depository, and RTA services across retail and corporate clients. Similar vintage and integrated multi-license model to Abhipra, though Karvy has undergone significant restructuring following SEBI actions, making it a cautionary structural comparable.
• Motilal Oswal Financial Services: Indian integrated financial services firm offering stock broking, depository, wealth management, mutual fund distribution, and corporate advisory. Closely comparable to Abhipra as a multi-license, multi-service platform serving both retail and corporate clients, though materially larger and publicly listed.
• Groww: Mobile-first Indian retail broker and mutual fund distribution platform with strong brand among new-age retail investors. Direct competitor to Abhipra in retail trading and MF distribution, with deeper venture capital backing and a more modern, consumer-grade product experience.
• Zerodha: India's largest discount broker, offering zero-brokerage equity delivery and low-cost derivatives trading through Kite web/mobile platforms with self-serve onboarding. Direct competitor to Abhipra's abhi360 platform in retail trading, with substantially greater scale and technology investment.
• Angel One: Tech-forward Indian retail broker offering equity, derivatives, and mutual fund distribution via a mobile-first app with self-serve onboarding. Comparable to Abhipra's abhi360-driven retail GTM and core brokerage product, though Angel One operates at substantially larger scale as a listed entity.
• Sharekhan: Long-established Indian retail and full-service broker (BNP Paribas-backed) offering equity, derivatives, and depository services through online and offline channels. Comparable in vintage and integrated retail brokerage focus, though with much larger distribution and franchise footprint.

Broad incumbents

• HDFC Securities: Bank-affiliated (HDFC Group) integrated broker offering equity, derivatives, IPO, and mutual fund distribution to retail and institutional clients. Comparable in integrated offering to Abhipra, with materially larger scale and access to HDFC Bank's customer franchise.
• ICICI Securities: Bank-affiliated (ICICI Group) integrated broker offering equity, derivatives, IPO, wealth, and corporate advisory services across retail and institutional segments. Comparable product set to Abhipra but operates at much larger scale with institutional capital and parent-bank distribution.
• Kotak Securities: Bank-affiliated (Kotak Mahindra Group) retail and institutional broker providing equity, derivatives, currency, and depository services. Overlaps with Abhipra's core brokerage and depository business, but benefits from large parent-bank customer base and capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/AbhipraGroup
• Facebookfacebook.com/abhipracapitallimited
• LinkedInlinkedin.com/company/abhipra-capital-ltd

Compliance4 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 Abhipra