What Farsight Securities Ltd does

Farsight Securities Limited is a SEBI-registered Indian stock broker and depository participant incorporated in 1995 and headquartered in Karol Bagh, New Delhi. The firm operates across the full retail capital-markets stack: equity, commodity, and currency broking on NSE, BSE, and MCX; IPO distribution (consistently ranked among India's top 10); mutual fund, insurance, and NPS (as PFRDA POP) distribution; portfolio management services; and NRI/global investing via the IndiaINX platform spanning 135 international markets. Depository services are offered through both NSDL and CDSL (registration IN-DP-579-2021). Customer segments include retail individual investors, NRIs, active/algorithmic traders, and authorized persons/sub-brokers.

The technology stack centers on the Kunjee mobile trading app (iOS/Android), the Trryitt stock analysis and portfolio SWOT platform, a RESTful API for algorithmic trading, the E-Farsight digital platform for E-SIP/E-MF/E-IPO/E-Global, paperless e-KYC onboarding, and Farsight ROBO (a WhatsApp-based 24x7 service for balance and holdings queries). Distribution combines direct digital self-service with a 100+ authorized-person and branch network spread across 50+ Indian cities, plus franchise/digital-partner channel programs.

Revenue is generated primarily through transaction fees on broking (0.02% on intraday and futures, ₹20/lot on options), distribution and trailing commissions on mutual funds, IPOs, and insurance, depository account maintenance charges, proprietary trading on NSE/BSE/MCX, and advisory/PMS fees. The operating model is a hybrid of low-cost discount-style execution, traditional sub-broker relationship-led distribution, and diversified fee streams from third-party product distribution.

Name

Farsight Securities Ltd

Legal name

Farsight Securities Limited

Website

https://farsightshares.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Farsight Securities is a SEBI-registered Indian stock broker and depository participant offering equity, commodity, currency, and derivatives broking plus IPO, mutual fund, NPS, and global investing distribution to retail investors, NRIs, and active traders through digital platforms and 100+ authorized partners.

Ownership category

akta.pro rank

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices7 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 Broking: Brokerage commissions on equity trading (delivery and intraday) with competitive rates of 0.02% for intraday and futures trades. Provides exposure up to 10 times on margin for intraday trades.
2. Options Trading: Brokerage charges for equity and currency options at ₹20 per lot
3. Commodity & Currency Broking: Trading services for commodities (MCX) and currency derivatives (NSE/BSE) with competitive brokerage rates
4. Mutual Fund Distribution: Distribution of mutual funds including SIP investments with trailing commissions from fund houses
5. IPO Distribution: Primary market distribution of IPOs; ranked among top 10 distributors nationally for IPO allocations
6. Insurance Distribution: Distribution partnership with major insurance companies for life and general insurance products
7. NPS (National Pension System): Pension fund distribution as POP (Point of Presence) service provider
8. Depository Services: Demat account services through NSDL and CDSL with account maintenance charges
9. Proprietary Trading: Self-funded trading activities using proprietary capital on exchanges (MCX, BSE, NSE)

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

Farsight Securities Ltd is a SEBI-registered stock broker and Depository Participant that delivers multi-asset broking (equity, commodity, currency, and derivatives) on NSE, BSE, and MCX, along with primary-market IPO distribution and the distribution of mutual funds, insurance, NPS, bonds, and structured products. It serves retail investors, NRIs, and active traders through proprietary digital platforms (Kunjee mobile app, Trryitt analysis, and REST API trading) backed by a 100+ authorized-person network across 50+ Indian cities. Depository (Demat) services through NSDL and CDSL and global investing via IndiaINX complete the offering set.

Product overview

Farsight Securities Ltd operates as a comprehensive financial services platform offering multi-segment broking services across equity, commodities, currency derivatives, and IPO distribution through SEBI-registered membership (INZ000169935). The platform architecture comprises core trading products (Kunjee mobile app, E-Farsight digital platform, API-based trading) integrated with wealth management services including mutual fund distribution, insurance, PMS, NPS, and NRI services. The company maintains depository participant status with both NSDL and CDSL (IN-DP-579-2021), supporting demat account services. Distribution network spans 100+ offices across 50+ cities in India, with proprietary trading activities on NSE, BSE, and MCX exchanges.

Differentiator

Problem solved

Functional benefit

Products and services

• Kunjee Mobile Trading App Mobile trading application for Android and iOS providing real-time portfolio tracking, device synchronization, and seamless trading execution across equity, commodity, currency, and derivative segments for individual investors.
• Trryitt Stock Analysis Platform Stock analysis and portfolio management platform providing customized model portfolios, detailed portfolio analysis, and SWOT-style portfolio diagnostics for registered clients of Farsight.
• Farsight Backoffice Portal Personal accountant and reporting portal providing access to financial reports, client details, revenue tracking, AUM monitoring, and sales analytics for clients and authorized persons.
• E-Farsight Digital Investment Platform
• Equity Broking Stock trading services on NSE and BSE providing Indian retail investors and NRI clients access to equity cash and derivatives markets through Farsight's online platforms, with competitive 0.02% brokerage on intraday and futures trades.
• Commodity Broking Trading in exchange-traded commodities on the Multi-Commodity Exchange of India (MCX), enabling retail and proprietary commodity derivatives exposure through Farsight's online trading platform.
• Currency Derivatives Trading Currency futures and options trading on NSE and BSE, enabling Indian clients to hedge or speculate on INR exchange rates against major global currencies at Rs 20 per lot.
• IPO Distribution Primary-market IPO distribution services enabling retail and HNI clients to apply for new share issues through Farsight, with the firm consistently ranked among the top 10 IPO distributors in India.
• Mutual Fund Distribution (including E-SIP) Systematic Investment Plan (SIP) and lump-sum mutual fund investments, including E-SIP paperless enrolment, with distribution commissions from partner mutual fund houses.
• Insurance Distribution Distribution of life, health, motor, general, and fire insurance products in partnership with major Indian insurance companies as a corporate agent / distributor.
• Portfolio Management Services (PMS) Professional portfolio management with personalized fund construction, transparency, and risk-managed equity exposure for HNI clients seeking managed equity investments.
• Demat Account (Depository Services) Electronic securities holding account through NSDL and CDSL as a SEBI Depository Participant (IN-DP-579-2021) with dematerialisation, rematerialisation, transfer, and pledge services plus annual maintenance charges under BSDA tiers.
• NPS (National Pension System) Distribution National Pension System distribution as a PFRDA Point of Presence (POP), offering Tier I and Tier II NPS accounts with allocation choices across equity, corporate bonds, and government securities.
• NRI Trading Services (PIS) Portfolio Investment Scheme services for Non-Resident Indians, enabling equity and derivative trading through NRE and NRO accounts on both repatriable and non-repatriable bases, supported by a dedicated NRI desk.
• API-Based Algorithmic Trading REST API-based trading platform supporting algorithmic and high-frequency trading, with real-time data streaming, order placement, modification, and portfolio monitoring across multiple programming languages (C, C++, Python, Java).
• Advisory Basket Service Research-driven investment advisory service providing expert recommendations and model portfolios across capital-market segments such as equities, derivatives, and commodities.
• Corporate Fixed Deposits Distribution Distribution of corporate fixed-deposit products, allowing retail investors to invest in fixed-income fixed deposits from rated companies alongside their capital-market investments.
• NCD / Bonds Distribution Distribution of Non-Convertible Debentures (NCDs) and bonds, providing retail investors access to fixed-income securities in primary and secondary markets.
• Structured Products Farsight Structural Products covering systematic investment, systematic withdrawal, arbitrage, and succession planning solutions built around capital-market instruments.
• Portfolio Restructure Service Advisory-led portfolio restructuring for clients seeking to realign equity, derivative, and mutual fund holdings with changing financial objectives.
• Real Estate Investment Advisory Research and advisory services for real estate investment products as part of integrated financial planning for clients.
• Farsight Robo (WhatsApp Account Service) 24x7 WhatsApp-based automated service providing clients with on-demand account information including balance, holdings, net positions, and reports through conversational messaging.
• E-Global Investing (IndiaINX) Global investing platform via the IndiaINX partnership offering Indian clients access to 30K+ international stocks, 40K+ mutual funds, and ETFs across 135 markets in 33 countries with 23+ currencies.
• Overseas Corporate Demat Account Service Specialized Demat account assistance for overseas corporate entities seeking to invest in Indian capital markets, leveraging Farsight's depository participant status with NSDL and CDSL.
• Franchise / Authorized Person Partnership Programs Channel-partnership and franchise programs (Franchise, Employee-to-Entrepreneur, Digital Partner, Channel Partner, Remisier) under the Farsight brand, providing technology infrastructure, brand support, and training to associate partners.

Quantifiable outcome

• Ranked among top 10 IPO distributors nationally
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and major.

• National Stock Exchange (NSE)coreOthersTrading member for equity, derivatives, and currency segments. Enables execution of trades on India's leading stock exchange.
• Bombay Stock Exchange (BSE)coreOthersTrading member for equity and derivatives trading. One of India's oldest and largest stock exchanges.
• Multi Commodity Exchange of India (MCX)coreOthersRegistered member for commodity derivatives trading including proprietary trading activities.
• National Securities Depository Limited (NSDL)coreOthersDepository participant providing dematerialization and electronic share holding services.
• Central Depository Services Limited (CDSL)coreOthersDepository participant for electronic securities holding and transfer services.
• IndiaINX (India International Exchange)majorTechnology or IntegrationIntegration for global investing - enables access to 135 markets across 33 countries with 30K+ global stocks, 40K+ mutual funds, 75+ currencies.
• Central Recordkeeping Agency (CRA) - NSDL/KFintechcoreOthersNPS account management and recordkeeping through official CRA partners for pension services.
• Major Insurance CompaniesmajorChannel Partner/ Reseller/ DistributorDistribution partner for life insurance, health insurance, and general insurance products including motor, fire, and health coverage.
• Mutual Fund HousesmajorChannel Partner/ Reseller/ DistributorDistribution partner for various mutual fund schemes including equity, debt, hybrid, and money market funds.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• 5paisa Capital: Discount Indian broker offering equity, commodity, currency, mutual funds and smallcases through a digital platform. Comparable to Farsight in product breadth but contrasting in pure digital, low-headcount, flat-fee positioning.
• Groww: Digital-first Indian broker for equity, derivatives, mutual funds and IPO applications, with strong Tier-2/3 retail acquisition. Comparable to Farsight in targeting mass-retail investors but with a much larger digital user base.
• Sharekhan: Long-established Indian retail broker with an extensive sub-broker/franchise network, offering equity, derivatives, commodity, mutual funds and IPO distribution. Closely comparable to Farsight in legacy, multi-city franchise model and full-service-plus-digital mix.
• Upstox (RKSV Securities): Indian discount broker providing equity, derivatives, commodity, currency and mutual fund investing with a developer-friendly API. Comparable to Farsight's API and mobile-app-driven retail offering.
• Angel One (Angel Broking): Indian full-service-turned-discount broker with sub-broker network, equity/derivatives/commodity broking, mutual funds, IPO distribution and PMS. Most directly comparable to Farsight in product breadth, sub-broker-led distribution and tier-2/3 city reach.
• IIFL Securities: Indian full-service broker and distributor with equity, commodity, currency derivatives, mutual funds, insurance, NPS and NRI services. Closely matches Farsight's comprehensive single-platform value proposition and multi-channel distribution.
• Motilal Oswal Financial Services: Full-service Indian broker with equity/derivatives/commodity broking, PMS, mutual fund distribution and a sub-broker network. Comparable in product suite and wealth-management cross-sell, though larger and listed.
• Zerodha: India's largest discount broker offering equity, commodity, currency, derivatives and mutual funds (Coin) via Kite. Direct competitor for Farsight's active and algo-trader segment via API, low-cost execution and Kite Connect.

Broad incumbents

• ICICI Direct (ICICI Securities): Bank-led Indian broker offering equity, derivatives, commodity, currency, mutual funds, IPO, NRI and 3-in-1 account integration. Comparable in comprehensive retail offering and NRI focus, with the advantage of integrated banking.
• Kotak Securities: Bank-led Indian broker-dealer offering equity, derivatives, commodity, currency, mutual funds, IPO, NRI and PMS services. Comparable to Farsight in product breadth and NRI servicing, but with materially larger scale and parent-bank distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/myfarsight
• LinkedInlinkedin.com/company/farsight-securities-ltd

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Farsight Securities Ltd