SSD SECURITIES PRIVATE LIMITED

What SSD SECURITIES PRIVATE LIMITED does

SSD Securities Private Limited is a privately held, family-controlled Indian stock broking firm headquartered in Kolkata with a branch office in Mumbai's Stock Exchange Towers on Dalal Street. The company is the regulated broking flagship of the SSD Group, which has operated in Indian capital markets since 1956 under the Dalmia family. The firm's core business is transaction-based brokerage across multiple asset classes: equity trading on NSE and BSE, futures and options, commodity futures on MCX and NCDEX, currency derivatives, mutual fund distribution, IPO facilitation, fixed deposits, inter-corporate deposits, and depository services through CDSL and NSDL. It also runs a proprietary trading book using its own capital. The company holds a Trading-Cum-Clearing Membership with NSE for Capital Markets and F&O segments, BSE Capital Market membership, and depository participant status with both NSDL and CDSL under SEBI registration INZ000200930.

The technology stack is a basic web-based online back-office application enabling Electronic Contract Notes (ECN) for trade execution, settlement, and holdings management, with electronic connectivity to NSE, BSE, CDSL, NSDL, and MCX. The website displays live market data (SENSEX, NIFTY, world indices, FII statistics, currency rates) but offers no mobile app, no API, no algorithmic trading platform, and no AI-enabled features. GTM is overwhelmingly relationship-led, with dedicated relationship managers and an institutional sales team serving HNI, institutional, and corporate clients through the Kolkata and Mumbai offices, supplemented by a self-serve online channel for retail investors. The firm operates with only 12 employees and is led by Director Madhu Sudan Dalmia (46 years' experience), Director Gautam Bhartia (27 years), Company Secretary Rajesh Sinha (26 years), Chief Dealer Binod Bachhuka (41 years), and AVP Anil Bhawsinghka (41 years, institutional sales). The asset-light, fee-driven revenue model is entirely transaction-based across its service lines, with no disclosed pricing tiers and no public financials.

Name

SSD SECURITIES PRIVATE LIMITED

Legal name

SSD Securities Private Limited

Website

https://ssdsecurities.in

Company type

Private

Founded year

1956

Operating status

Operating

Headcount range

11–50 employees

Short description

SSD Securities Private Limited is a privately held, family-controlled Indian stock broker (SEBI-registered INZ000200930) based in Kolkata and Mumbai, offering equity, derivatives, commodities, forex, mutual fund, IPO, and depository services to HNI, institutional, retail, and corporate clients across NSE, BSE, MCX, and NCDEX.

Ownership category

akta.pro rank

Product category

Securities Brokerage and Capital Markets Services

NAICS

Investment Banking and Securities Intermediation (523150)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Private Client Custody & Brokerage (Execution, Reporting, Safekeeping) (FSAAABAN)

Keywords

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

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Equity Broking Commission: Transaction-based brokerage fees charged on equity trades executed on NSE and BSE for institutional and retail clients
2. Derivatives Trading: Commission revenue from Futures and Options trading on NSE Capital Markets and F&O segments
3. Depository Services: Charges for demat account maintenance, pledge creation, and settlement services through CDSL and NSDL
4. Mutual Fund Distribution: Trail commission and distribution fees from mutual fund product sales to retail and corporate clients
5. IPO Distribution: Revenue from facilitating IPO applications and allotments for clients
6. Commodity Trading: Brokerage revenue from commodity futures trading on MCX exchange
7. Proprietary Trading: The company conducts proprietary trading operations alongside client trading services
8. Investment Advisory: Research reports and advisory services provided to assist clients with investment decisions

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

SSD Securities Private Limited is a SEBI-registered stock broker and depository participant that executes equity, derivatives, commodity, and currency trades on Indian exchanges (NSE, BSE, MCX, NCDEX). The company also distributes mutual funds, IPOs, and fixed deposits, provides depository services through CDSL and NSDL, and offers investment research and advisory. Services are delivered via dedicated relationship managers for HNI and institutional clients from branch offices in Kolkata and Mumbai, complemented by an online back-office platform.

Product overview

SSD Securities Private Limited offers a comprehensive suite of financial services through its integrated platform. The core offering includes equity broking for institutional and HNI clients, derivatives trading (futures and options), commodities trading on MCX, forex trading through currency derivatives, mutual fund distribution, IPO investments, fixed deposits, depository services via CDSL/NSDL, and investment research and advisory. The company operates as a Trading-Cum-Clearing Member of NSE and a member of BSE, providing clients access to Indian capital markets. Services are delivered through proprietary online back-office systems with front and back office access for trade execution.

Differentiator

Problem solved

Functional benefit

Products and services

• Equity Broking Stock trading services for institutional and high net worth individual (HNI) clients on Indian stock exchanges including NSE and BSE, executed through the company's Trading-Cum-Clearing Membership.
• Derivatives Trading Trading in financial derivatives including Index Futures, Index Options, Stock Futures, and Stock Options on NSE for hedging and leveraging portfolio positions.
• Commodities Trading Commodity futures trading services for instruments listed on the Multi Commodity Exchange of India Ltd. (MCX), including precious metals, energy, and agricultural commodities, with NCDEX affiliation for additional commodity derivatives.
• Forex Trading Currency futures and derivatives trading services on Indian exchanges, including pairs traded against the US Dollar such as EUR/USD, GBP/USD, USD/JPY, and USD/CHF.
• Mutual Fund Distribution Assistance in identifying and applying for mutual fund schemes, backed by research for retail investors, corporates, HNIs, and banks, generating trail commission and distribution fees.
• IPO Investments Initial Public Offering investment services including guidance on book building and fixed price methods, facilitating public issues and rights issues for clients.
• Fixed Deposits Fixed deposit investment products with tenures ranging from 1 year to 7 years (12 to 84 months), offered through banks, HFCs, corporates, and NBFCs.
• Depository Services Demat account services including dematerialization, rematerialization, settlement of trades, and pledging of securities through CDSL and NSDL as a registered depository participant.
• Investment Research & Advisory Research reports and advisory services to assist investors in making informed equity investment decisions and building diversified portfolios.
• Inter-Corporate Deposits Short-term inter-corporate deposit placement services for corporate treasury 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

Feature3 records

Partnerships

Six partnerships are on record, tiered core and secondary.

• National Stock Exchange of India Ltd. (NSE)coreOthersTrading-Cum-Clearing Membership with NSE for Capital Markets, Futures & Options segments. The membership enables SSD Securities to execute trades and provide clearing services on India's largest stock exchange.
• Bombay Stock Exchange Ltd. (BSE)coreOthersMember of BSE for the Capital Market segment, enabling trading and settlement services on Asia's oldest stock exchange.
• National Securities Clearing Corporation Ltd. (NSCCL) / NSDLcoreOthersDepository participant with NSDL (Registration: IN-DP-590-2021) providing dematerialization and electronic settlement services.
• Central Depository Services Ltd. (CDSL)coreOthersDepository participant with CDSL (Registration: IN-DP-590-2021) enabling demat account services and electronic securities settlement.
• Multi Commodity Exchange of India Ltd. (MCX)secondaryOthersCommodity trading facility through MCX enabling clients to trade in commodity futures including precious metals, base metals, energy, and agricultural commodities.
• National Commodity & Derivative Exchange Ltd. (NCDEX)secondaryOthersAffiliation with NCDEX for commodity derivatives trading services.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Zerodha: India's largest discount stock broker offering equity, derivatives, commodity, and currency trading through an in-house technology platform. Directly comparable to SSD Securities on product breadth (NSE/BSE/MCX memberships) but competes on price rather than relationships.
• Sharekhan (BNP Paribas): Full-service retail broker with NSE/BSE memberships, derivatives, commodities, and depository services — closely mirrors SSD Securities' product set and HNI/retail targeting model.
• Motilal Oswal Financial Services: Full-service Indian broker with NSE/BSE memberships, retail broking, derivatives, commodity, and research. Most comparable mid-sized traditional broker to SSD Securities in product mix and target client base.
• Angel One (Angel Broking): Listed Indian broker with equity, derivatives, commodity, and mutual fund distribution offerings, transitioning from traditional broking to a digital-first model. Comparable product set with larger retail footprint.
• Edelweiss Broking: Full-service Indian broker offering equity, derivatives, currency, commodity trading plus investment advisory. Comparable traditional product mix targeting retail and institutional clients.

Broad incumbents

• HDFC Securities: Bank-affiliated full-service broker offering equity, derivatives, IPO, and depository services across India. Comparable in product breadth but with the institutional weight of the HDFC Group behind it.
• Kotak Securities: Bank-affiliated broker providing equity, derivatives, currency, and commodity trading plus investment advisory and depository services. Comparable product breadth and HNI/institutional focus.
• ICICI Securities: Large, bank-affiliated full-service broker offering equity broking, derivatives, distribution, investment banking, and research across India. Comparable product suite to SSD but vastly larger scale and institutional distribution.
• Axis Securities (Axis Direct): Bank-affiliated broker providing equity, derivatives, IPO, and depository services to retail and HNI clients. Comparable product set and relationship-based distribution model.

Emerging players

• 5paisa Capital: Discount broking arm offering equity, derivatives, and mutual fund distribution through a digital platform. Competes with SSD Securities for retail clients but with a lower-cost technology-led model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ssd-securities-private-limited

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 SSD SECURITIES PRIVATE LIMITED