PRB Securities

What PRB Securities does

PRB Securities Private Limited is a privately held, Kolkata-based stock brokerage and depository participant incorporated on 30 January 1995. The firm holds SEBI Stock Broker registration (INZ000225631) and CDSL Depository Participant registration (IN-DP-CDSL-668-2012), with trading memberships at the National Stock Exchange (since September 1995), Bombay Stock Exchange (since October 2000), Multi Commodity Exchange, and National Commodity & Derivatives Exchange. It serves retail investors, high net worth individuals, domestic and foreign institutional investors, and commodity traders through a horizontal segmentation approach spanning equity, derivative, currency, and commodity segments.

The company's core platform runs on the third-party ODIN Admin trading system for order management, client limits, and back-office operations, complemented by in-house Risk Management System tooling, a PMLA compliance framework including KYC and suspicious transaction reporting to FIU-IND, and an SEBI-aligned surveillance policy framework covering both stock broking and depository operations. Product surface spans Equities, Derivatives, Commodities, Mutual Funds, CFDs, IPO subscriptions, and Futures, with ancillary institutional and HNI desks; the Mumbai office houses a dedicated Institution Desk while two Kolkata locations serve as headquarters and branch. The ODIN dependency, combined with limited disclosed proprietary development, indicates a primarily distribution and compliance-led technology posture rather than a technology-led one.

PRB Securities earns revenue primarily through transaction-based brokerage commissions on executed trades across equity, derivative, currency, and commodity segments, supplemented by interest income from margin and leverage facilities, recurring depository participant fees for CDSL demat and custody services, and subscription-based investment advisory and portfolio management fees. Pricing is quote-based and undisclosed, calibrated to client profile and trading volume, and the firm is family-owned with concentrated Bahety-family board control and no disclosed institutional capital, with sister concern SRB Commodities Trading Pvt Ltd extending commodity coverage.

Name

PRB Securities

Legal name

PRB Securities Private Limited

Website

https://prbsecurities.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

PRB Securities is a SEBI-regulated, Kolkata-based stock brokerage and CDSL depository participant offering equity, derivative, currency, and commodity trading on NSE, BSE, MCX, and NCDEX to retail investors, HNIs, and institutional clients across India.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Services: Commission-based brokerage fees charged on buying and selling of financial instruments including stocks, bonds, options, futures, and mutual funds. Revenue is generated through transaction fees on executed trades across equity, derivatives, currency, and commodity segments.
2. Margin Trading and Leverage: Interest income from providing leveraged trading facilities, allowing investors to amplify their buying power by borrowing funds from the broker
3. Depository Services: Fees for providing CDSL depository participant services including demat account maintenance and securities custody
4. Investment Advisory Services: Personalized investment advice and portfolio management services generating advisory fees

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

PRB Securities is a SEBI-registered stock brokerage and depository participant firm offering trading in equities, derivatives, commodities, currency, mutual funds, IPOs, and CFDs across NSE, BSE, MCX, and NCDEX exchanges. It provides retail broking, institutional broking, equity and currency derivatives trading, clearing and settlement services, and CDSL depository services, supported by research, margin trading, and investment advisory.

Product overview

PRB Securities is a share broker providing a unified trading platform across multiple market segments. The core offering consists of trading products including Equities, Derivatives, Commodities, Mutual Funds, CFDs, IPO Services, and Futures, supported by service modules for Retail Broking, Institutional Broking, Equity Derivatives, Currency Derivatives, Clearing and Settlement, and Depository Services. The platform connects clients to BSE, NSE, and MCX exchanges with integrated depository services through CDSL and NSDL, offering research-driven investment guidance and account management tools.

Differentiator

Problem solved

Functional benefit

Products and services

• Equities Trading Stock trading service allowing clients to purchase ownership stakes in publicly traded companies on BSE and NSE, offering potential for long-term growth with exposure to market volatility.
• Derivatives Trading Financial contracts whose value is derived from an underlying asset, providing hedging, speculation, and risk management opportunities in equity derivatives segment.
• Commodities Trading Trading in raw materials and primary agricultural products on MCX and NCDEX exchanges, subject to supply and demand dynamics.
• Mutual Funds Distribution Investment service pooling money from investors to invest in diversified portfolios of stocks, bonds, or other assets, managed by professionals.
• CFDs (Contracts for Difference) Financial derivatives allowing traders to speculate on price movements of various assets without owning the underlying asset, offering leverage and flexibility.
• IPO Subscription Services Initial Public Offering subscription service enabling clients to participate in new share issuances by privately held companies going public.
• Futures Trading Standardized contracts obligating parties to buy or sell assets at predetermined prices on specified future dates, used for hedging and speculation.
• Retail Broking Multi-trading solutions and value-added services for retail investors with dedicated research analyst support for portfolio building.
• Institutional Broking Services for domestic and foreign institutional investors with efficient trade execution, regulatory compliance, and high business ethics.
• Currency Derivatives Trading Trading platform for currency derivatives segment enabling clients to take calls on global macro scenarios and hedge against business risks.
• Clearing and Settlement Services Clearing and settlement services across different exchange segments with excellent track record of timely delivery.
• Depository Services (CDSL DP) CDSL depository participant services providing all financial services support under one roof including demat account management.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• SRB Commodities Trading Pvt LtdcoreStrategic or Co-development PartnerSister concern of PRB Securities providing commodity trading services in soft commodities, hard commodities, and precious metals. Extends the group's commodity trading capabilities and client offerings.
• National Stock Exchange (NSE)coreOthersPrimary stock exchange membership since September 1995. PRB Securities is a trading member enabling client access to equity, derivatives, and currency markets on NSE.
• Bombay Stock Exchange (BSE)coreOthersStock exchange membership since October 2000. PRB Securities is a trading member enabling client access to equity and derivatives markets on BSE.
• Central Depository Services Ltd (CDSL)coreOthersDepository participant registration enabling electronic securities holding, demat services, and settlement support for clients.
• Multi Commodity Exchange of India Ltd (MCX)minorOthersCommodity exchange membership providing access to commodity derivatives trading including precious metals, energy, and agricultural commodities.
• National Commodity & Derivatives Exchange Ltd (NCDEX)minorOthersCommodity exchange membership providing access to agricultural and other commodity derivatives trading.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Emerging players

• Groww: Tech-first Indian retail investment platform offering equities, derivatives, mutual funds and IPO services via a mobile-first interface. Same underlying retail broking activity as PRB but differentiated by digital-first onboarding and low-cost execution.
• 5paisa Capital: Discount-to-mid-market Indian online broker providing equities, derivatives, commodities and mutual fund distribution through a digital platform. Comparable offering at smaller scale with a tech-led go-to-market approach.
• Zerodha: India's largest discount stock broker with proprietary technology, flat-fee execution, and direct retail onboarding. Same underlying business (NSE/BSE/MCX trading membership, depository services via CDSL), but competing head-on through technology and price rather than relationship-led distribution.

Broad incumbents

• HDFC Securities: Bank-affiliated Indian broker and depository participant offering retail and institutional broking, equity research, mutual fund distribution and IPO services. Directly comparable services stack anchored by NSE/BSE/CDSL memberships.
• ICICI Securities: Bank-affiliated full-service Indian broker serving retail, HNI and institutional clients across equities, derivatives, currency, commodities, mutual funds and IPO distribution. Comparable breadth of products and SEBI-regulated intermediary role, with a much larger pan-India footprint.
• Kotak Securities: Bank-affiliated Indian broker offering equities, derivatives, currency, commodities and depository services to retail and institutional clients. Overlapping product set with PRB and similar full-service, regulated intermediary positioning.
• Motilal Oswal Financial Services: Large Indian broking and wealth management group offering retail and institutional broking, commodities, currency derivatives and depository services. Comparable multi-asset and advisory footprint, but operating at significantly greater scale and geographic reach.

Direct peers

• Angel One: India-based diversified broking and advisory platform serving retail and institutional clients across equities, derivatives, commodities, currency and mutual funds. Directly comparable in product breadth and SEBI-regulated intermediary model.
• Sharekhan: Full-service Indian retail and institutional broker offering equities, derivatives, commodities, mutual funds and depository services across NSE, BSE and MCX. Closely comparable multi-asset, full-service model with a regional branch network and SEBI-regulated status.

Regional players

• Choice Broking: Mid-sized Indian broker with regional concentration offering retail and institutional broking, commodities, currency derivatives and depository services. Comparable regional, multi-asset, SEBI-regulated intermediary profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/prbsecurities

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

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 PRB Securities