Harihar Securities Private Limited
Harihar Securities Private Limited is a Kolkata-based SEBI-registered stock broker and NSDL depository participant offering retail and HNI trading in equity, derivatives, commodities, IPOs, mutual funds, and sovereign gold bonds through an internet-based platform and an Authorized Persons/partner referral network in India.
- Company typePrivate
- Founded2010
- HeadquartersKolkata, India
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Harihar Securities Private Limited does
Harihar Securities Private Limited (HSPL) is a Kolkata-based, SEBI-registered stock broking firm operating since 2010 as a trading member of the National Stock Exchange of India and a Depository Participant with NSDL, with additional AMFI registration for mutual fund distribution. The firm offers equity, derivatives (equity and currency), commodity, IPO, and Sovereign Gold Bond trading, alongside mutual fund distribution and specialized investment advisory for high net-worth individuals and institutional clients. Its product suite is delivered through a proprietary internet-based trading (IBT) platform intended for self-service account access and order placement, supplemented by a research desk.
HSPL monetizes via transaction-based brokerage on NSE cash and derivatives trades, demat account maintenance and transaction charges, AMFI-linked mutual fund distribution commissions, and bespoke advisory/portfolio mandates for HNI and institutional clients. Pricing is positioned as transparent but specific rates are not publicly disclosed. Distribution is dual-pronged: a direct-to-consumer online channel for retail account opening, and an indirect channel via Authorized Persons (APs) plus a partner program that recruits wealth managers, professional traders, and social media finfluencers on a revenue-sharing model with dedicated relationship managers, training, and marketing support.
The firm is privately held under founder/management ownership (Chairman Hanuman Mittal), with no disclosed external equity investors, no parent company, and a headcount of 5. Operations are single-country (India) from the Kolkata registered office. Technology stack is limited to the in-house trading platform with no mobile app, public API, or SDK offerings; the website serves as the primary marketing and lead-generation surface. No AI/ML capabilities, patents, or trademarks are documented.
Harihar Securities Private Limited firmographics
Firmographics- Name
- Harihar Securities Private Limited
- Legal name
- Harihar Securities Private Limited
- Website
- https://hariharsecurities.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Harihar Securities Private Limited is a Kolkata-based SEBI-registered stock broker and NSDL depository participant offering retail and HNI trading in equity, derivatives, commodities, IPOs, mutual funds, and sovereign gold bonds through an internet-based platform and an Authorized Persons/partner referral network in India.
- Ownership category
- akta.pro rank
Harihar Securities Private Limited industry classification
Industry- Product category
- Stock Broking Services
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282)
- akta.pro primary industry
- Private Client Custody & Brokerage (Execution, Reporting, Safekeeping) (FSAAABAN)
- akta.pro secondary industry
- Private Banking & UHNW Wealth Advisory (FSAEABAC)
Keywords
Where Harihar Securities Private Limited is headquartered
LocationHeadquarters
- HQ city
- Kolkata
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Harihar Securities Private Limited business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Broking Services: Transaction-based brokerage fees charged on equity, derivatives, and currency trades executed on NSE. Revenue generated on a per-transaction basis through trading account.
- Mutual Fund Distribution: Distribution of mutual funds and investment products, earning commissions on products sold to retail and HNI clients through the trading platform.
- HNI Advisory Services: Specialized investment advisory and portfolio management services for high net-worth individuals and institutional clients, providing personalized support and research-backed insights.
- Demat Account Services: Depository participant services including demat account maintenance, with associated charges for account holding and transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard brokerage services with transparent pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
Harihar Securities Private Limited product offering
Product offeringCore offering
Harihar Securities Private Limited (HSPL) operates as a stock broking and depository participant firm offering trading and investment services across the National Stock Exchange of India (NSE). Core offerings include equity trading, futures and options in equity and currency segments, commodity trading, IPO investing, Sovereign Gold Bonds, and distribution of mutual funds, supplemented by specialized advisory for HNI and institutional clients.
Product overview
Harihar Securities Private Limited (HSPL) offers a unified brokerage platform centered around broking services for the National Stock Exchange of India (NSE). The core product portfolio includes equity trading, derivatives trading (futures and options), commodity trading, IPO investing, and Sovereign Gold Bonds, supported by mutual funds distribution. The company also provides specialized services for institutional clients and high net-worth individuals (HNIs) with tailored brokerage and investment advisory. A research-backed insights module complements the trading platform, delivering timely market analysis to support informed decision-making. All services are delivered through an internet-based trading platform designed to be intuitive and user-friendly.
Differentiator
Problem solved
Functional benefit
Products and services
- Broking Services Comprehensive trading solutions covering Cash Market, Futures & Options in Equity & Currency markets on NSE, providing reliable and efficient trading execution for retail and institutional clients.
- Equity Trading Buying and selling shares of companies listed on NSE, enabling investors to own portions of companies and benefit from potential value appreciation and dividends.
- Derivatives Trading Trading in futures and options contracts based on underlying assets like stocks, commodities, or currencies, allowing speculation on price movements or risk hedging without owning the actual asset.
- Commodity Trading Trading in raw materials like gold, oil, and agricultural products through commodity exchanges, mutual funds, or ETFs for portfolio diversification and inflation hedging.
- IPO Investing Investment opportunity in Initial Public Offerings, allowing investors to buy shares when a company first becomes publicly available, with potential for significant returns if the company performs well.
- Sovereign Gold Bonds (SGB) Government-issued gold investment bonds offering gold price appreciation plus fixed annual interest, providing a secure and tax-efficient alternative to physical gold ownership.
- Mutual Funds and Investment Products Distribution Distribution of mutual funds that pool investor money for diversified portfolios managed by professional fund managers, offering diversification, professional management, and accessibility to small investors.
- Institutional Broking Tailored brokerage services for institutional clients, providing exclusive market access and specialized investment strategies.
- High Net-Worth Individual (HNI) Services Specialized investment advisory and portfolio management services for high net-worth individuals, offering personalized support, cutting-edge research, and seamless execution for optimal investment outcomes.
- Demat Account Services Depository participant services including demat account maintenance, with associated charges for account holding and transactions, offered as an NSDL-registered DP.
Companies that use Harihar Securities Private Limited
Customer profileSegments5 records
Ideal customer profiles4 records
Harihar Securities Private Limited technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Harihar Securities Private Limited partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights4 records
Harihar Securities Private Limited competitors and assessment
Company assessmentBroad incumbents
- Motilal Oswal Financial Services: Large Indian full-service broker and wealth manager offering broking, mutual funds, PMS, and research. Overlaps with HSPL on equity broking, MF distribution, and HNI advisory but at much greater scale.
- Sharekhan: Established Indian full-service broker with an extensive AP/sub-broker network and trading, MF, and research offerings. Comparable GTM and product breadth to HSPL but operating at national scale.
- ICICI Securities: Bank-affiliated full-service Indian broker with institutional broking, retail trading, and HNI advisory. Overlaps with HSPL's institutional and HNI service lines within a much broader portfolio.
- HDFC Securities: Bank-affiliated Indian broker providing equity, derivatives, mutual fund, and IPO services, plus research. Competes with HSPL across the same retail and institutional products but with significantly larger distribution and capital backing.
Direct peers
- Groww: Leading Indian retail broker and mutual fund distribution platform with a mobile-first UX. Competes head-on with HSPL in the same retail, derivatives, and MF distribution segments.
- Upstox: Tech-driven Indian discount broker offering equity, derivatives, commodity, and MF products on NSE. Direct competitor to HSPL across retail trading and demat services.
- Zerodha: India's largest discount stockbroker offering equity, derivatives, commodity, and mutual fund distribution on NSE/BSE. Directly competes with HSPL for retail trading and demat accounts, with a much larger scale and tech-forward platform.
- Choice Broking: Mid-sized Indian full-service broker with similar product breadth (equity, derivatives, MF, advisory) and regional AP-led distribution model, comparable in scale to HSPL.
- 5Paisa: Discount Indian broker offering equity, derivatives, commodity, mutual fund, and IPO services with a digital-first platform. Competes with HSPL on price-sensitive retail segments.
- Angel One: Full-service and discount Indian broker with a broad product suite (equity, F&O, MF, IPOs, advisory) and a large AP/sub-broker network. Closely mirrors HSPL's hybrid D2C-plus-partner GTM.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Harihar Securities Private Limited social profiles
Digital presenceHarihar Securities Private Limited financial estimates
Financial estimateRevenue estimate
Valuation estimate
Harihar Securities Private Limited leadership team
Management profileNumber of profiles
Profiles1 record
Harihar Securities Private Limited funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Harihar Securities Private Limited M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Harihar Securities Private Limited
What does Harihar Securities Private Limited do?
Harihar Securities Private Limited (HSPL) operates as a stock broking and depository participant firm offering trading and investment services across the National Stock Exchange of India (NSE). Core offerings include equity trading, futures and options in equity and currency segments, commodity trading, IPO investing, Sovereign Gold Bonds, and distribution of mutual funds, supplemented by specialized advisory for HNI and institutional clients.
Is Harihar Securities Private Limited a public or private company?
Harihar Securities Private Limited is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Harihar Securities Private Limited founded?
Harihar Securities Private Limited was founded in 2010. It employs 1 to 10 people.
Where is Harihar Securities Private Limited based?
Harihar Securities Private Limited is headquartered in Kolkata, India, in the Asia region.
How does Harihar Securities Private Limited make money?
Four revenue lines are on record. Broking Services are the primary driver. The others are mutual Fund Distribution, HNI Advisory Services and demat Account Services.
Who are Harihar Securities Private Limited's main competitors?
Broad incumbents on record are Motilal Oswal Financial Services, Sharekhan, ICICI Securities and HDFC Securities. Direct peers are Groww, Upstox, Zerodha, Choice Broking, 5Paisa and Angel One.
Does Harihar Securities Private Limited have an API?
No public API is recorded for Harihar Securities Private Limited.
What industry is Harihar Securities Private Limited in?
Harihar Securities Private Limited's product category is Stock Broking Services. Its primary akta.pro industry code is FSAAABAN, Private Client Custody & Brokerage (Execution, Reporting, Safekeeping), with a secondary code of FSAEABAC, Private Banking & UHNW Wealth Advisory. Its NAICS code is 5231 and its SIC code is 6211.