Shreni Shares Limited

What Shreni Shares Limited does

Shreni Shares Limited is a Mumbai-headquartered, SEBI-registered retail stock broking and financial services firm established in 2009, operating across eight branches in seven Indian cities with a client base exceeding 2,620 accounts. The company operates as a multi-product investment platform, offering equity and derivatives trading, mutual fund distribution, bonds, ETFs, IPO and OFS services, margin trading facility (MTF) with up to 3X leverage, and securities lending and borrowing. Its technology stack centers on the proprietary Taurus Trader mobile application (available on Google Play and App Store) and the shreni.in web platform, with features including GTT orders, after-market order placement, TradingView chart integration, advanced option chain tools, and Stock SIP. The firm additionally provides SME market making services on BSE and NSE—ranking among the top 10 in that segment—and holds a SEBI Category-I Merchant Banker registration enabling IPO management and corporate advisory work.

The business model is primarily transaction-fee driven, with revenue generated from brokerage commissions across equity, derivatives, and F&O trading, supplemented by interest income from the MTF book, mutual fund distribution commissions, IPO/OFS facilitation fees, and B2B revenue from SME market making and merchant banking mandates. GTM is omnichannel: direct-to-consumer digital acquisition through the website and mobile app is paired with physical branch-based onboarding and servicing in Mumbai, Ahmedabad, Surat, New Delhi, Bilaspur, and Hoshiarpur. Customer segmentation is concentrated on retail investors and traders, with a secondary B2B segment serving SME issuers requiring market liquidity. The customer testimonial base (referenced clients Nirav Shah, Manoj Gajjar, Amit Shah) indicates long-tenured retail relationships dating back to 2012, suggesting client stickiness in the broking vertical.

Financially, FY25 (ended March 2025) revenue was Rs 28.5 crore with profit of Rs 23.2 crore, a 9.9% revenue decline and 1.9% profit decline year-over-year. The nine months ended December 2025 showed sharp acceleration with Rs 45.9 crore revenue and Rs 29.8 crore profit—already exceeding the full prior fiscal year. The company filed a Draft Red Herring Prospectus with SEBI in March 2026 for an IPO estimated at Rs 170-200 crore (fresh issue of up to 69 lakh shares plus offer for sale of up to 82 lakh shares), with SEBI observations issued in June 2026 clearing the offering. A regulatory matter remains active: SEBI's investigation into Osiajee Texfab trading resulted in a Rs 82.56 lakh disgorgement order against the firm's Hoshiarpur branch for synchronized trading.

Name

Shreni Shares Limited

Legal name

Shreni Shares Ltd

Website

https://shreni.in

Company type

Private

Founded year

2009

Operating status

Operating

Short description

Shreni Shares Limited is a Mumbai-based SEBI-registered retail stock broker and financial services firm serving 2,600+ clients through eight branches across seven Indian cities, offering equity/derivatives trading, mutual funds, IPOs, MTF, and SME market making via the Taurus Trader platform.

Ownership category

akta.pro rank

Product category

Retail Brokerage

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Execution-Only / Self-Directed Investing Platforms (FSAAAAAI)

akta.pro secondary industry

Stock Borrow/Loan (Equities Securities Lending) (FSACAFAD)

Keywords

• Retail stock broking
• Securities trading
• Merchant banking services
• SME market making
• Investment distribution

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage and Trading Commissions: Revenue generated from brokerage fees charged on equity trading, derivatives (futures & options), and other trading activities conducted through the platform. The nine months ended December 2025 showed revenue of Rs 45.9 crore with profit of Rs 29.8 crore.
2. Market Making Services: Revenue from providing liquidity as a market maker in the SME exchange ecosystem. The company is among top 10 market makers in SME segment.
3. Margin Trading Funding Interest: Interest income generated from providing margin trading facility (MTF) to customers, allowing them to trade with up to 3X leverage by funding a portion of the investment.
4. IPO Services: Revenue from facilitating IPO applications and serving as a platform for IPO investments, including OFS (Offer for Sale) transactions.
5. Mutual Fund Distribution: Revenue from distributing mutual funds through the platform, offering SIP investing and various fund categories.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Shreni Shares Limited is a Mumbai-based stock broking and financial services firm offering retail trading in equities, derivatives, commodities, and currencies through its proprietary Taurus Trader mobile application and web platform. The company also distributes mutual funds, bonds, ETFs, IPO/OFS investments, margin trading facility (MTF), and securities lending and borrowing mechanism (SLBM). Additionally, it operates as a SEBI-registered Category-I merchant banker and is among the top 10 market makers in the SME segment of BSE and NSE.

Product overview

Shreni Shares Limited is a Mumbai-based financial services company established in 2009 that operates as a multi-product trading and investment platform. The core offering is a unified stock trading platform integrated with multiple investment products including Mutual Funds, Bonds, Margin Trading Facility (MTF), Futures & Options, IPO investment, ETFs, and Securities Lending and Borrowing (SLBM). The platform is accessible via the Taurus Trader mobile application and web platform, supplemented by financial planning tools (SIP Calculator, Brokerage Calculator, Retirement Calculator) and KYC/account opening services. The company also provides SME market making services and operates as a SEBI registered Category-I merchant banker. With eight branches across seven cities in India and over 2,620 clients, the company serves as a comprehensive financial services hub offering all solutions under one roof.

Differentiator

Problem solved

Functional benefit

Products and services

• Stock Trading Platform

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• SEBI Investigation - Osiajee Texfab CaseminorOthers · 10 July 2026Shreni Shares, as a stockbroker, was involved in a SEBI investigation regarding alleged stock manipulation of Osiajee Texfab Limited. SEBI found that Shreni Shares' branch in Hoshiarpur, Punjab was used for synchronized trading that contributed nearly 67.38% of positive trades during April-May 2025. SEBI ordered Shreni Shares to deposit INR 82.56 lakh in wrongful gains. This represents a regulatory/compliance matter rather than a business partnership.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sharekhan (by BNP Paribas): Indian full-service broker with branch network and digital platform offering equities, derivatives, IPOs, and mutual funds. Comparable branch + digital hybrid model to Shreni.
• Zerodha: India's largest retail discount broker offering equity, derivatives, and mutual fund investing through a technology-led platform. Shreni competes in the same retail brokerage space but at a fraction of the scale.
• Angel One: Listed Indian full-service broker offering equities, F&O, IPOs, mutual funds, and margin trading across mobile and web platforms. Closely comparable to Shreni's multi-product, technology-enabled retail brokerage model.
• Geojit Financial Services: Listed Indian retail broker offering equities, mutual funds, and PMS through branches and digital platform. Comparable mid-scale multi-product brokerage serving retail and SME clients.
• Upstox: Technology-driven Indian discount broker offering equities, derivatives, and mutual funds through mobile and web platforms. Directly competes with Shreni for retail trading and investment customers.
• 5paisa Capital: Listed Indian discount broker offering equities, derivatives, mutual funds, and insurance through a digital platform. Comparable to Shreni as a multi-product online brokerage serving retail investors.
• Groww: Leading online broker and mutual fund distributor in India targeting retail investors via its mobile app. Comparable to Shreni in mutual fund distribution and equity trading, though at a much larger scale.

Broad incumbents

• Motilal Oswal Financial Services: Listed Indian financial services firm offering retail broking, wealth management, investment banking, and SME advisory. Comparable to Shreni in merchant banking and market making, but at materially larger scale.
• HDFC Securities: Bank-affiliated full-service Indian broker offering trading, IPOs, mutual funds, and research. Operates in the same retail brokerage space as Shreni but as part of a much larger financial services conglomerate.
• ICICI Securities: Large Indian brokerage and investment bank (part of ICICI Group) offering equities, derivatives, IPOs, and wealth management at significantly larger scale. Comparable segment overlap but much broader franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Shreni Shares Limited