Inventure Growth & Securities

What Inventure Growth & Securities does

Inventure Growth & Securities Limited is an Indian retail and institutional financial services firm headquartered in Mumbai, incorporated on June 22, 1995 as a public limited company (CIN: L65990MH1995PLC089838). It operates as a multi-licence entity holding SEBI Stock Broker registration (INZ000221934) with memberships on BSE, NSE, MSEI, MCX, and NCDEX, plus SEBI Research Analyst (INH000006129), CDSL Depository Participant (IN-DPCDSL-12-99), and AMFI ARN (ARN-33446) credentials. The company serves individual retail investors, institutional clients, and a network of 400+ sub-brokers/partners, reporting 75,000+ customers, 200+ employees, and 25+ years of operating history. It also operates Inventure Commodities Ltd. as an adjacent subsidiary focused on commodity services.

The product portfolio spans equity, currency, and commodity broking; mutual fund distribution; insurance distribution (motor, life, health, travel, corporate); IPO investments via a dedicated E-IPO platform; Margin Trading Facility (MTF); CDSL demat services; and SEBI-registered research (market, technical, and fundamental reports delivered via WhatsApp/Telegram). Client access is delivered through the IGSL Trade mobile app (15k+ downloads, 4-star Google Play rating), the IGSL AERO web trading platform with TradingView chart integration, partner back-office systems, eKYC onboarding, and physical branches in Mumbai (HQ and Goregaon), Surat, and Botad. International market access is offered through a partnership with IndiaINX.

The business model is transaction-fee driven: brokerage commissions across equity, currency and commodity segments, MTF interest income, AMFI distribution trails, insurance commissions, IPO processing fees, and capped SEBI-regulated research subscription fees. The go-to-market is hybrid — direct self-serve digital onboarding through app and web, a 400+ authorized partner/sub-broker distribution network, and in-person branch service — targeting primarily retail individual investors with a secondary institutional book and a partner-as-customer segment. Revenue is not publicly disclosed and the firm is bootstrapped and founder-controlled (Chairman & Managing Director Kanji B. Rita; Whole-time Directors Kamlesh S. Limbachiya and Lasha Rita).

Name

Inventure Growth & Securities

Legal name

Inventure Growth & Securities Limited

Website

https://inventuregrowth.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Inventure Growth & Securities is a Mumbai-headquartered Indian financial services firm offering equity, currency, and commodity broking, mutual funds, insurance, IPOs, MTF, CDSL depository, and SEBI-registered research to 75,000+ retail and institutional clients via app, web, and 400+ partners.

Ownership category

akta.pro rank

Product category

Retail Brokerage and Investment Services

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (523150)

SIC

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

akta.pro primary industry

Equities Brokerage (FSAEACAH)

akta.pro secondary industries

Investor Education, Research & Portfolio Analytics Services (Retail) (FSAAAAAO), IPO & New Issue Issuer Services (Listing/ISIN setup) (FSACAKAH)

Keywords

• Stock broking services
• Equity trading
• Commodity trading
• Depository services
• Mutual fund distribution

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Equity Trading & Broking: Brokerage revenue from equity trading on BSE and NSE cash and derivatives segments. Revenue generated through transaction fees and commissions on stock trades.
2. Currency & Commodity Trading: Brokerage revenue from currency futures trading (BSE and NSE) and commodity trading on MCX and NCDEX exchanges.
3. Depository Services: Custodial and depository services through CDSL including securities maintenance and transfer of ownership records.
4. Margin Trading Facility (MTF): Provides leverage to traders for amplified returns, generating interest income on margin loans.
5. Mutual Fund Distribution: Distribution of mutual fund products, earning commissions from fund houses. AMFI ARN: ARN-33446.
6. IPO Services: Facilitates IPO investments through their E-IPO platform, earning fees for IPO application processing.
7. Insurance Distribution: Offering motor, two-wheeler, life, medical, travel, and corporate insurance products through partnerships with insurance providers.
8. Research Analyst Services: SEBI registered research analyst (INH000006129) providing market reports, technical reports, and fundamental reports to clients. Subject to SEBI fee caps of ₹1,51,000 per family per year for individuals/HUFs.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels6 records

Core offering

Inventure Growth & Securities Limited is a SEBI-registered stock broker and financial services intermediary offering trading in equity, currency, and commodity segments on BSE, NSE, MSEI, MCX, and NCDEX exchanges. The firm provides mutual fund distribution (AMFI ARN-33446), insurance distribution, IPO subscription services via its E-IPO platform, depository participant services through CDSL, margin trading facility, and SEBI-registered research analyst services (INH000006129). Customers access these offerings through the proprietary IGSL Trade mobile app, IGSL AERO web trading platform, a 400+ partner/sub-broker network, and physical branch offices.

Product overview

Inventure Growth & Securities is a comprehensive financial services firm offering a multi-product, multi-channel platform spanning trading, investment, and research services. The core product portfolio includes IGSL Trade App (mobile) and IGSL AERO Web Trading Platform (web) as primary access channels, supported by Equity, Currency, Commodity, Mutual Funds, Insurance, IPO, Depository Services (CDSL), and Margin Trading Facility (MTF) as individual product lines. Research Services provide daily live updates, market reports, technical reports, and fundamental reports delivered via WhatsApp/Telegram. The company operates as a CDSL depository participant and SEBI-registered stock broker, Research Analyst, and Mutual Fund distributor with memberships across BSE, NSE, MSEI, MCX, and NCDEX.

Differentiator

Problem solved

Functional benefit

Brands

• IGSL Trade App: Mobile trading application for stocks, commodities, currencies, and more with real-time portfolio tracking and market insights.
• IGSL AERO
• IGSL Elite

Products and services

• Equity Trading Services Comprehensive equity investment services including stocks on BSE and NSE cash and derivatives segments, with expert guidance and portfolio management for individual investors and traders in India.
• Currency Trading Services Currency/forex trading services offering access to major currency pairs via currency futures on BSE and NSE, with real-time exchange rates, currency converter tools, and risk management features for individual traders.
• Commodity Trading Services Commodity market trading on MCX and NCDEX covering gold, silver, crude oil, agricultural products, and other commodities, with research reports, analysis tools, and regulatory compliance for retail and institutional traders.
• Mutual Fund Distribution Mutual fund distribution services offering equity, debt, balanced, index, sectoral, tax-saving (ELSS), money market, and international mutual funds through the platform under AMFI ARN-33446.
• Insurance Distribution Services Insurance distribution services covering motor, two-wheeler, life, medical, travel, and corporate insurance through partnerships with multiple insurance providers for individual and corporate clients.
• IPO Services Online platform for IPO investing, providing access to IPO opportunities with expert guidance, research insights, and paperless application processing for retail investors.
• Depository Services (CDSL) Depository services as a CDSL participant, including electronic maintenance and transfer of securities ownership records in demat form for client holdings.
• Margin Trading Facility (MTF) Margin Trading Facility providing leveraged capital for amplified returns, access to diverse markets, hedging and shorting flexibility, with expert guidance for risk management.
• Research Analyst Services SEBI-registered research offerings including daily live market updates, monthly portfolio recommendations delivered via WhatsApp/Telegram, market reports, technical reports, and fundamental reports for clients.
• E-IPO Platform Electronic IPO investment platform enabling paperless IPO applications and allotment tracking for retail investors applying online.
• IGSL Trade App Mobile trading application enabling users to trade stocks, commodities, currencies, IPOs, and mutual funds on the go, featuring advanced charting, screeners, scanners, live portfolio analysis, and real-time research strategies.
• IGSL AERO Web Trading Platform User-friendly web-based trading platform providing dynamic product configuration, single sign-on for trading and back-office access, market protection percentage for MCX and MCXSX, and integrated TradingView charts.

Quantifiable outcome

• 75,000+ customers served
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core.

• TradingViewcoreTechnology or IntegrationInventure Growth has partnered with TradingView to provide their clients with advanced charting capabilities. TradingView offers interactive charts, technical analysis tools, drawing tools, alerts, news feeds, and economic calendars, enhancing the trading experience for Inventure Growth's customers.
• CDSL (Central Depository Services India Limited)coreTechnology or IntegrationInventure Growth is a registered depository participant of CDSL, providing electronic securities management and transfer services. This partnership enables clients to hold and manage their securities in dematerialized form.
• BSE (Bombay Stock Exchange)coreTechnology or IntegrationMember of BSE cash and derivatives segments, as well as wholesale debt market. SEBI Registration: INZ000221934. Enables equity trading, derivatives trading, and debt market access for clients.
• NSE (National Stock Exchange of India)coreTechnology or IntegrationMember of NSE cash and derivatives segments, as well as currency futures and wholesale debt market segments. SEBI Registration: INZ000221934. NSE Symbol: 09017.
• MCX (Multi Commodity Exchange of India)coreTechnology or IntegrationMember of MCX commodity exchange. SEBI Registration: MCX-10845. Enables commodity trading including gold, silver, crude oil, and agricultural products.
• NCDEX (National Commodity & Derivatives Exchange)coreTechnology or IntegrationMember of NCDEX commodity exchange. SEBI Registration: NCDEX-00485. Enables trading in agricultural commodities and derivatives.
• AMFI (Association of Mutual Funds in India)coreChannel Partner/ Reseller/ DistributorAMFI ARN Holder (ARN-33446) enabling mutual fund distribution services to clients through partnership with various mutual fund houses.

Scale indicators8 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Sharekhan: Traditional Indian retail broker with extensive sub-broker network and multi-product offering spanning equity, commodity, MF, and depository services. Closely comparable to Inventure in distribution-led model and customer base.
• Groww: Tech-native Indian retail broker with strong mobile-first trading experience and mutual fund distribution. Comparable to Inventure in serving retail investors and traders across equity and MF, but with materially larger digital scale.
• Choice Broking: Mid-tier Indian retail broker offering equity, commodity, currency, MF, and depository services with partner/sub-broker distribution. Closely comparable to Inventure in scale, product breadth, and channel structure.
• Angel One: Listed Indian retail broker (formerly Angel Broking) offering equity, commodity, currency, MF, IPO, and depository services. Closest peer in business model scope, multi-product retail brokerage, and partnership/sub-broker distribution.
• Geojit Financial Services: Indian retail broker with multi-product offering (equity, commodity, MF, insurance) and partner-led distribution. Comparable to Inventure across product breadth and sub-broker network structure.
• Zerodha: India's largest retail discount broker offering equity, commodity, currency, and mutual fund investing through Kite platform. Directly competes with Inventure on retail brokerage, technology stack, and multi-exchange trading access.
• Upstox: Discount broker offering equity, commodity, currency, and mutual fund trading via mobile and web. Comparable to Inventure in multi-product retail brokerage with proprietary trading platforms.

Broad incumbents

• ICICI Securities: Large bank-affiliated Indian broker offering equity, MF, IPO, and depository services with parent-bank distribution. Overlaps Inventure's product suite but operates with materially larger capital, distribution, and brand strength.
• Motilal Oswal Financial Services: Large established Indian brokerage and wealth management firm offering equity broking, MF distribution, and research. Comparable to Inventure across product suite but at materially larger scale and with institutional research strength.
• HDFC Securities: Bank-affiliated Indian retail broker with multi-product offering (equity, MF, IPO, depository). Comparable to Inventure in product scope but with bank-parent distribution and brand advantages.

Market position

Strengths4 records

Weaknesses3 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/inventuregrowth

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 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 Inventure Growth & Securities