Green Delta Securities Limited

What Green Delta Securities Limited does

Green Delta Securities Limited (GDSL) is a Bangladesh-based stock brokerage and securities firm operating as a Trading Right Entitlement Certificate (TREC) holder of both the Dhaka Stock Exchange (DSE TREC #059) and the Chittagong Stock Exchange (CSE TREC #130). The company was established circa 2011 (per the company's own '13 years of experience' claim) and is headquartered in Green Delta AIMS Tower, Mohakhali, Dhaka, with additional branch presence and a Digital Booth in Uttara. GDSL serves primarily individual retail investors in Bangladesh, with sub-brands (Probashi, Bijoy, GD Privilege, Nibedita, General) targeting non-resident Bangladeshis, mass-affluent clients, and general retail segments respectively. In October 2022 it became the first DSE-recognized Market Maker under BSEC's Market Maker Rules 2017.

GDSL's core technology stack is a set of proprietary web platforms: GDS Trade (online trading on DSE/CSE), GDSL Cloud (client portal for funds and statements), and an internal CRM that supports fully digital BO account onboarding via soft document submission. Distribution is multi-channel: physical branches and Digital Booths, Relationship Managers and Authorized Representatives by phone, the online CRM portal, GDSL Cloud, GDS Trade, and integration with the DSE Mobile App, plus payment-rail integrations with Bkash, Nagad, BEFTN, NPS, and RTGS.

GDSL earns revenue from four streams: transaction-based brokerage commissions on DSE/CSE trades, Depository Participant fees for BO account opening (BDT 525 ≈ $4.50 per standard account) and maintenance, IPO application facilitation fees, and — since 2022 — Market Maker activity. The firm has been recognized with the BSEC Golden Jubilee of Independence Award 2021 (3rd prize, Stock Broker and Stock Dealer category) and a CFI Award. It is led by Managing Director & CEO Wafi Shafique Menhaz Khan and has no disclosed parent company or institutional shareholders. Note: the firmographics header lists 2005 as the founding year, conflicting with the 2011 date implied by the company's own claim of '13 years of experience' on its public website.

Name

Green Delta Securities Limited

Legal name

Green Delta Securities Limited

Website

https://gdslbd.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Green Delta Securities Limited is a Bangladesh-based stock brokerage and Depository Participant (DSE TREC #059, CSE TREC #130) serving 10,000+ individual retail investors with proprietary digital trading platforms (GDS Trade, GDSL Cloud), branch and Digital Booth distribution, and Market Maker services.

Ownership category

akta.pro rank

Product category

Securities Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

National CSDs & Domestic Settlement Systems (FSAFAGAA)

akta.pro secondary industry

Central Securities Depository (CSD) & Securities Settlement Services (FSAAAOAD)

Keywords

• Stock brokerage services
• Securities trading
• Depository participant services
• BO account opening
• IPO application services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 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. Stock Brokerage and Trading Commissions: GDSL earns transaction-based fees on buy and sell orders executed on behalf of clients on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). As a TREC holder (DSE TREC #059, CSE TREC #130), the company acts as a licensed stock broker and dealer.
2. Depository Participant Services: GDSL operates as a Depository Participant, providing BO (Beneficiary Owner) account management, share dematerialization/rematerialization, and other CDBL-related services for which it charges account opening and maintenance fees.
3. IPO Application Services: GDSL facilitates IPO applications on behalf of clients, handling the subscription process for both primary market IPOs and secondary market share applications.
4. BO Account Services and Maintenance: Revenue from BO account opening fees (BDT 525 for standard accounts) and ongoing account maintenance charges as per the Schedule of Charges.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Green Delta Securities Limited (GDSL) is a Bangladesh-based stock brokerage and securities firm that acts as a licensed Trading Right Entitlement Certificate (TREC) holder of both the Dhaka Stock Exchange (DSE #059) and Chittagong Stock Exchange (CSE #130). The company executes buy/sell orders for clients, operates as a Depository Participant through CDBL, opens and maintains Beneficial Owner (BO) accounts, processes IPO applications, and provides market-making services on DSE and CSE. Service delivery is enabled through proprietary online platforms (GDS Trade, GDSL Cloud, CRM) as well as branches, Digital Booths, Relationship Managers, and Authorized Representatives.

Product overview

Green Delta Securities Limited operates a multi-product brokerage platform for the Bangladesh capital market. The core offering includes GDS Trade (online trading platform), GDSL Cloud (client portal for fund management), Customer Relationship Management system, and Online BO Registration. The company offers specialized sub-brands (Probashi for non-resident Bangladeshis, Bijoy, GD Privilege for premium clients, Nibedita, and General accounts) to serve different investor segments. Supporting services include Depository Participant operations via CDBL, Sales & Trading on DSE/CSE, SMS & E-Statement notifications, Digital Booth physical service points, and online IPO application processing. The architecture combines web-based trading platforms with mobile app access through the DSE Mobile App.

Differentiator

Problem solved

Functional benefit

Brands

• GDS Trade: Online trading platform for securities transactions
• GDSL Cloud

Products and services

• Sales & Trading Core brokerage service enabling clients to buy and sell listed securities on the Dhaka Stock Exchange and Chittagong Stock Exchange through online platforms, Relationship Managers, or Authorized Representatives.
• Depository Participant CDBL-linked depository services including BO (Beneficial Owner) account management, share dematerialization and rematerialization, and securities settlement for clients.
• IPO Application Service Online platform and assisted service for clients to apply for Initial Public Offerings (IPOs) and secondary market share subscriptions through GDSL.
• SMS & E-Statement Service SMS text alerts and electronic statement delivery for account notifications, transactions, and portfolio updates to BO account holders.
• Online Statements & Fund Withdrawals Digital access to account statements and online fund withdrawal/deposit request submissions via the GDSL Cloud client portal.
• Digital Booth Physical service point (e.g., Uttara location) for in-person customer assistance with BO account opening, trading support, and other brokerage services.
• Online BO Account Opening Online onboarding service enabling clients to open a Beneficial Owner (BO) account digitally by submitting scanned NID/passport, photos, bank cheque or statement, and signature.
• Probashi (NRB Account) Specialized brokerage account product targeting Non-Resident Bangladeshis (NRBs) who wish to invest in the Bangladesh capital market from overseas, including remittance-linked investment support.
• GD Privilege Premium brokerage account tier with differentiated services for higher-net-worth individual clients, including enhanced relationship management.
• General Account Standard BO account product for general retail investors seeking access to the Bangladesh capital market.
• Market Making Service Liquidity provision and price support on the Dhaka Stock Exchange, performed under the first Market Maker registration issued by DSE following BSEC Market Maker Rules 2017.

Quantifiable outcome

• 10,000+ clients served
• +3 more outcomes

Named customers2 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

Integration7 records

Feature4 records

Partnerships

One partnership is on record.

• Bangladesh Institute of Capital Market (BICM)moderateStrategic or Co-development PartnerGDSL collaborates with BICM (Bangladesh Institute of Capital Market) in conducting investment education programs for university students. On October 17, 2023, BICM and GDSL jointly conducted an 'Investment in Capital Market' training program at North South University, with GDSL's MD & CEO Wafi Shafique Menhaz Khan serving as a program conductor alongside BICM faculty.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Interactive Brokers: Global online brokerage with a much wider product set and geography; representative of the global digital-brokerage benchmark that frontier-market brokers like GDSL increasingly must match in UX and pricing.
• Dhaka Stock Exchange: The exchange on which GDSL is a TREC holder; not a direct competitor but defines the regulatory and infrastructure environment that shapes GDSL's economics and growth path.

Direct peers

• LankaBangla Securities: Bangladesh-based TREC holder offering DSE/CSE brokerage, depository participant services, and retail-focused online trading. Directly comparable in customer base, revenue model (commission + DP fees), and regulatory footprint.
• Shanta Securities: Bangladesh-based TREC holder offering retail brokerage and depository services through DSE/CSE, serving a similar individual-investor profile to GDSL.
• BRAC EPL Stock Brokerage: One of Bangladesh's largest brokerage firms with dual DSE/CSE TREC membership and institutional as well as retail clients. Comparable in product breadth (brokerage, DP, IPO) and Bangladesh market focus.
• Premier Securities: Bangladesh broker with DSE/CSE membership offering brokerage and BO account services to retail and institutional clients — comparable scope and market.
• ICB Capital Management: Bangladesh state-linked investment intermediary offering brokerage, custodial, and IPO services. Comparable in regulatory standing and Bangladesh-market customer base.
• EBL Securities (Eastland Securities): Bangladesh TREC holder providing brokerage, depository participant, and margin services through EBL ecosystem. Closely comparable in segment, services, and channels.
• IDLC Securities: Bangladesh brokerage and DP services arm of IDLC group; offers online trading, IPO applications, and BO account management to retail clients — directly comparable to GDSL's product mix.
• UCB Securities: Bangladesh broker operating through the United Commercial Bank ecosystem, providing DSE/CSE brokerage and BO account services to retail clients — directly comparable offerings and customer segment.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Green-Delta-Securities-Limited-236159503065029
• LinkedInlinkedin.com/company/green-delta-securities-limited

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Green Delta Securities Limited