What raima equities private does

Raima Equities Private Limited is a Kolkata-headquartered, full-service Indian brokerage firm founded in 1994 and previously operating as Essar Stock and Securities Private Limited before rebranding in 2015. The firm serves retail investors, high-net-worth individuals, and corporate clients across India, reporting a client base of 10,000+ spread across 20+ states alongside 50+ institutional partnerships and a sub-broker/associate referral network. It operates as a SEBI-registered stock broker (registration INZ000263832) and as a CDSL Depository Participant (IN-DP-85-2015, DP ID 12043800), enabling it to deliver brokerage and depository services under regulated Indian market infrastructure.

The company's product set spans equity and derivatives brokerage, mutual fund and IPO distribution, depository services, investment banking, wealth management, and third-party product distribution including Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs). On the technology side, Raima has developed proprietary quantitative investment models supported by real-time market data analytics and risk-managed rule-based strategies, articulated through a "Man + Machine" hybrid investment framework. Its client-facing technology stack includes the SharePro AIR mobile application and integration with SEBI's Smart ODR dispute resolution portal, indicating a deliberate push toward digital onboarding, servicing, and compliance.

Raima generates revenue through a mix of transaction-based brokerage commissions on equity and derivatives, distribution and trail commissions on mutual funds, IPOs, PMS, and AIFs, depository transaction fees, and fee-based income from investment banking and wealth management mandates. The go-to-market model combines direct client servicing with a sub-broker/partner referral channel and institutional distribution partnerships, positioning the firm as a multi-product, multi-channel intermediary rather than a low-cost discount broker. The combined footprint is regional-to-mid-market in scale, with growth depending on deepening wallet share across product lines rather than on aggressive headcount or geographic buildout.

Name

raima equities private

Legal name

Raima Equities Private Limited

Website

https://raimaequities.com

Company type

Private

Founded year

1994

Operating status

Operating

Short description

Raima Equities Private Limited is a Kolkata-based, SEBI-registered full-service Indian brokerage and CDSL depository participant serving retail investors, HNIs, and corporate clients through equity/derivatives brokerage, mutual fund and IPO distribution, investment banking, and wealth management across 20+ states.

Ownership category

akta.pro rank

Product category

Retail Brokerage

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Independent Broker-Dealers (Retail Network) (FSAAAAAC)

akta.pro secondary industry

Independent Broker-Dealer / Registered Representative Networks (FSAEACAG)

Keywords

• Retail broking services
• Mutual fund distribution
• Depository services
• Investment banking advisory
• Wealth management solutions

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices1 record

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 & Derivatives Brokerage: Commission-based brokerage charges for equity and derivatives trading on NSE and BSE exchanges. Brokerage rates are subject to SEBI prescribed limits.
2. Mutual Fund Distribution: Distribution commissions earned from selling mutual fund products to retail and HNI clients through systematic investment plans.
3. IPO Distribution: Facilitates IPO applications and earns distribution fees from companies launching initial public offerings.
4. Depository Services: CDSL depository participant services including dematerialization, rematerialization, and pledge/lending of securities.
5. Investment Banking: Corporate advisory, IPO & equity placement, mergers & acquisitions, and capital raising solutions for corporate clients.
6. Wealth Management: Portfolio advisory services, retirement & tax planning, and financial goal assessment for retail and HNI investors.
7. Third-Party Products Distribution: Distribution of PMS (Portfolio Management Services) and AIF (Alternative Investment Funds) products with associated commissions.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

Raima Equities Private Limited is a SEBI-registered full-service brokerage and financial services firm offering equity and derivatives trading on NSE and BSE, mutual fund and IPO distribution, CDSL depository participant services, wealth and portfolio advisory, and corporate investment banking (IPO placement, M&A, capital raising). Operations are supported by in-house quantitative investment models and multi-channel trading platforms (desktop, mobile, web) backed by a SharePro-powered backoffice.

Product overview

Raima Equities Private Limited is a full-service brokerage firm offering an integrated financial services platform. The core product portfolio centers on Retail Broking (equity and derivatives trading on NSE/BSE), Mutual Fund Distribution, and Investment Banking services. Supporting these are Depository Services via CDSL, Research Desk, and Quant-Based Investment Models. The offering includes platform tools (RAIMA Backoffice Platform, Smart ODR) and advisory services (Portfolio Advisory, Retirement & Tax Planning). The company operates on a 'Man + Machine' approach, combining proprietary quantitative investment models with expert market oversight to deliver risk-managed, data-backed wealth management solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail Broking Equity and derivatives trading services on NSE and BSE for retail and HNI investors, with online account opening, desktop/mobile/web trading platforms, real-time market data, and advanced charting and order execution tools.
• Mutual Fund Distribution Distribution of mutual fund products to retail and HNI clients through systematic investment plans, with personalized investment expert guidance for systematic wealth building.
• IPO Services Online IPO application service enabling investors to participate in Initial Public Offerings, with the firm earning distribution fees from companies launching IPOs.
• Investment Banking Corporate advisory services including IPO and equity placement, mergers and acquisitions advisory, and capital raising solutions for corporate clients.
• Depository Services CDSL Depository Participant (DP ID: 12043800) services including dematerialization and rematerialization of securities, efficient settlement processing, and pledging/lending of securities with real-time transaction alerts.
• Portfolio Advisory Services Personalized portfolio management, financial goal assessment, and retirement and tax planning advisory for retail and HNI investors.
• Research Desk Market research and insights providing data-backed analysis and equity/derivatives research for informed investment decision-making by clients.

Quantifiable outcome

• 30+ years of industry experience
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability4 records

Feature3 records

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Motilal Oswal Financial Services: Indian full-service brokerage and investment bank offering equity/derivatives broking, distribution, wealth management and investment banking. Closest direct peer to Raima's full-service, multi-product, research-led model.
• Sharekhan (BNP Paribas): Long-standing Indian retail and HNI broker with trading platforms, research, mutual fund distribution and depository services, comparable to Raima's product breadth and retail/HNI targeting.
• Angel One: Pan-Indian online stock broker offering equity/derivatives broking, mutual funds and advisory on mobile/web platforms; directly comparable digital self-serve trading proposition to Raima.
• IIFL Securities: Indian full-service broker with retail broking, distribution, wealth management and investment banking; comparable multi-product franchise and HNI/corporate coverage.
• Zerodha: Largest Indian discount broker with proprietary trading platforms and zero-brokerage retail offering; directly comparable in retail trading but competing on price rather than full-service advisory.

Broad incumbents

• ICICI Securities: Large bank-affiliated Indian broker offering retail broking, distribution, wealth and investment banking across a national footprint; overlaps with Raima but at materially larger scale and brand reach.
• HDFC Securities: Bank-affiliated Indian retail and institutional broker with trading, distribution and research capabilities; competes across most of Raima's retail product set at much greater scale.
• Kotak Securities: Bank-affiliated Indian broker offering equity/derivatives trading, distribution and digital platforms; comparable retail/investor segments to Raima with significantly larger distribution and capital base.

Emerging players

• 5paisa Capital: Discount-focused Indian online broker with mobile-led trading and mutual fund distribution; competes with Raima for tech-savvy retail investors at lower fee points.
• Groww: Fast-growing Indian online investment platform offering equities, mutual funds and digital account opening; competes with Raima in the digital-first retail investor segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/raima-equities-private-limited

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 raima equities private