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Nirmal Bang Sub Broker / Franchise / Partner Review

January 7, 2021 Indian Franchise Review 0

Nirmal Bang Sub Broker program is a leading franchisor with more than 3000 franchisee around the country. It has launched the partner association model quite a many years ago and now has built up a strong network of sub brokers.

Summary
Top Business Model Sub Broker
Revenue Sharing 50% – 70%
Security Deposit Rs.75,000 – Rs.200,000
Become Sub Broker in 20-30 Days
Receive Payout in 1 month
Founder Rahul Arora, CEO
Established Year 1986

Lets have a detailed Nirmal Bang Franchise Review. Along with this we will illustrate Nirmal Bang Sub broker offers, Nirmal bang Franchise revenue sharing models, Nirmal bang Partner security deposit requirement & other important elements of Nirmal bang broking franchise.

Nirmal Bang Securities Franchise Offers

Nirmal Bang Franchise Customer Ratings

Nirmal Bang Franchise
Experience 3.20
Services 3.00
Products 2.80
Trading Platforms 2.80
Support 3.50
Revenue Sharing Model 3.80
Security Deposit 3.80
Offers 3.00
Market Share 2.50
Overall 3.16

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Type of Nirmal Bang Franchise

Nirmal Bang has only one business association model which is the most basic and simple association model. It is like a typical partnership wherein the sub-broker/franchise get into a partnership agreement with Nirmal Bang.

Become a Sub Broker with Angel Broking – Just Fill up the form

    Become a Sub Broker
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    Nirmal Bang Sub Broker / Authorised Person

    Since it offers a partnership, it expects the candidate to have a good experience in the field of financial market – be it stock market, mutual funds, bank, insurance, assurance etc.

    In other words, it can be said that it is relevant only for the well- versed and well-established candidates who wish to get associated with this brand name.

    A beginner might not be preferred by Nirmal Bang house as it will not have the expertise to do justice to the partnership firm and might not be deserving of the revenue ratio that Nirmal Bang offers.

    Nirmal Bang Sub Broker Commission or Revenue Sharing Model

    nirmal bang sub brokerAs mentioned above, this broking house only offers partnership model, hence the revenue ratio is always close to 50:50.

    This is because it expects the candidate to get the expertise whereas the brand is lent by it.

    It appreciates the value addition that the expert would make to the business and hence shares 50% of the revenue unlike in case of any other sub-broker wherein there is no partnership but just an association.

    Check out Revenue Sharing of other Sub Brokers

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    Nirmal Bang Franchise Cost or Security Deposit Amount

    Being a part of partnership venture, one will obviously have to fetch in the requisite initial investment. Though it does not prescribe any minimum investment amount, however, the same may range from INR 50,000 to INR 2.5 lacs.

    Further, certain part of this investment is towards the refundable security deposit. This deposit is generally refunded in case where the sub-broker shuts the business association. The balance amount can be used by the sub-broker to set up its front office which again is a mandate from Nirmal Bang.

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    Nirmal Bang Sub Broker Offers

    Nirmal Bang provides the following offers to its sub-brokers:

    • Reduced brokerage rates;
    • Cashback on brokerages;
    • Increased credit limit;
    • Increased credit period;
    • Reduced margin money;
    • Reduced deposits

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    How to become Sub Broker of Nirmal Bang?

    One needs to follow these steps for becoming a sub-broker with Nirmal Bang:

    1st Step – Fill in the lead form available here

    2nd Step – Accept call from our executive for verification of details and interest in sub-brokership

    3rd Step – call from the Sales representative of Nirmal Bang for a personal meet

    4th Step – Meet with Sales Representative for detailed discussion, understanding the expectations, agreeing to the terms and resolving other concerns

    5th Step – Submit the requisite Documents & Initial Investment proofs

    6th Step – Verification of documents by ICICI Direct

    7th Step – Activation of account

    This may take up 3-6 working days depending upon the turnaround time taken by each party.

    Documents Required for Nirmal Bang sub broker registration

    • Identity Proof
    • DOB proof
    • Address proof
    • Academic Certificate
    • Employment/experience proof
    • Cancelled cheque or Bank statement
    • Registration certificate with SEBI/Stock exchnage
    • Passport size photos
    • Infrastructure proof
    • PAN Card
    • Aadhaar Card

    Why Partner with Nirmal Bang?

    Key highlights of Nirmal Bang are:

    • Brand Name
    • Trusted organization
    • Part of pioneer group
    • Growing organization
    • Large product profile
    • Selective sub-brokers implying higher revenue

    Support provided by Nirmal Bang Partner Program

    • Assistance in setting up front office
    • Dedicated onboarding manager
    • Assistance in client acquisition
    • Training sessions to access the trading platforms
    • Access to research reports
    • Assistance in advising the clients
    • Aggressive customer support team

    Become a Sub Broker with Angel Broking – Just Fill up the form

      Become a Sub Broker
      4. Become Sub Broker

       

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      List of Top Nirmal Bang Partners / Business Partners

      Company List Remisiers Name Trade Name Remisiers Registration No.
      Nirmal Bang Radhey Shyam Yadav Radhey Shyam Yadav R/0498/31551/31/08/2009
      Nirmal Bang Uday A Chheda Uday A Chheda R/0498/31555/31/08/2009
      Nirmal Bang Banwari Lal Banwari Lal R/0498/33268/19/11/2009
      Nirmal Bang Maharukh Cherag Gandhi Maharukh Cherag Gandhi R/0498/33269/19/11/2009
      Nirmal Bang Tejashwi Raj Tejashwi Raj R/0498/33270/19/11/2009
      Nirmal Bang D Sree Rama Murthy D Sree Rama Murthy R/0498/37653/08/07/2010
      Nirmal Bang Pradeep Patel Pradeep Patel R/0498/37656/08/07/2010
      Nirmal Bang Jakhotia Hemant Mohanlal Jakhotia Hemant Mohanlal R/0498/37694/08/07/2010
      Nirmal Bang Deepali Dubey Deepali Dubey R/0498/37695/08/07/2010
      Nirmal Bang Balwant S Jain Balwant S Jain R/0498/37814/19/07/2010
      Nirmal Bang Shalini Kumari Shalini Kumari R/0498/37840/19/07/2010
      Nirmal Bang Amol Deepak Chuttar Amol Deepak Chuttar R/0498/37912/26/07/2010
      Nirmal Bang Poonam Periwal Poonam Periwal R/0498/37946/26/07/2010
      Nirmal Bang Prerit Garg Prerit Garg R/0498/38033/30/07/2010
      Nirmal Bang Manoj Kumar Bala Manoj Kumar Bala R/0498/38372/06/09/2010
      Nirmal Bang Shivdas Chudale Shivdas Ghudale R/0498/38455/13/09/2010
      Nirmal Bang R Saravanan R Saravanan R/0498/38529/13/09/2010
      Nirmal Bang Kalyan Rao T Kalyan Rao T R/0498/38531/13/09/2010
      Nirmal Bang Jaydev Bawalal Thummar Jaydev Bawalal Thummar R/0498/38536/21/09/2010
      Nirmal Bang D John Raj D Nadar D John Raj D Nadar R/0498/38537/21/09/2010
      Nirmal Bang Devender Devender R/0498/38538/21/09/2010
      Nirmal Bang K Jeeva K Jeeva R/0498/38539/21/09/2010
      Nirmal Bang Manoj H Mistry Manoj H Mistry R/0498/38547/21/09/2010
      Nirmal Bang Nilesh P Supe Nilesh P Supe R/0498/38549/21/09/2010
      Nirmal Bang Malyadri Sirivella Malyadri Sirivella R/0498/38550/21/09/2010
      Nirmal Bang Balkeshwar J Pandey Balkeshwar J Pandey R/0498/38572/21/09/2010
      Nirmal Bang Sandhya Vishwakarma Sandhya Vishwakarma R/0498/38578/21/09/2010
      Nirmal Bang Amit Khanna Amit Khanna R/0498/38610/30/09/2010
      Nirmal Bang Mehjabeen Mehjabeen R/0498/38630/30/09/2010
      Nirmal Bang Jayesh S Shah Jayesh S Shah R/0498/38644/30/09/2010
      Nirmal Bang Cajetan Dias Cajetan Dias R/0498/38666/30/09/2010
      Nirmal Bang Bhandari Mohansing Bhandari Mohansing R/0498/38667/30/09/2010
      Nirmal Bang Pradip Das Pradip Das R/0498/38685/30/09/2010
      Nirmal Bang Vijay Madhavrao Patil Vijay Madhavrao Patil R/0498/38691/13/10/2010
      Nirmal Bang Jebaarulraj A Jebaarulraj A R/0498/38692/13/10/2010
      Nirmal Bang Md Ansar Md Ansar R/0498/38784/13/10/2010
      Nirmal Bang Vijay Raja Singh Vijay Raja Singh R/0498/38826/21/10/2010
      Nirmal Bang Vikrant Nigam Vikrant Nigam R/0498/38871/21/10/2010
      Nirmal Bang Rajendra Prakash Agrawal Rajendra Prakash Agrawal R/0498/38899/01/11/2010
      Nirmal Bang Atanu Sen Atanu Sen R/0498/38956/12/11/2010
      Nirmal Bang Malvika Anil Bhatia Malvika Anil Bhatia R/0498/39043/22/11/2010
      Nirmal Bang D Prabhakaran D Prabhakaran R/0498/39470/05/01/2011
      Nirmal Bang Yogesh Govind Kulthe Yogesh Govind Kulthe R/0498/39491/05/01/2011
      Nirmal Bang Shivani S Kinlekar Shivani S Kinlekar R/0498/39492/05/01/2011
      Nirmal Bang Pradeep Kumar jain Pradeep Kumar jain R/0498/39494/05/01/2011
      Nirmal Bang Anil shridhar Dhatrak Anil shridhar Dhatrak R/0498/39495/05/01/2011
      Nirmal Bang Vinay Kumar Somani Vinay Kumar Somani R/0498/39635/31/01/2011
      Nirmal Bang Aditya Kedia Aditya Kedia R/0498/39893/24/02/2011