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Indira Securities Sub Broker / Franchise / Authorised Person / Partner Review

January 6, 2021 Indian Franchise Review 0

Indira Securities is a key player in the stock market with hundreds of Indira Securities Sub Broker working under them across India.

Summary
Top Business Model Sub Broker
Revenue Sharing 60% – 75%
Security Deposit Rs.50,000 – Rs.150,000
Become Sub Broker in 30 Days
Receive Payout in 35 Days
Founder Chiranjilal Baxi
Established Year 2004

Indira Securities is one of the emerging securities company that have given big returns to the investors. The company has formed an established name in Indore, Madhya Pradesh.

It has a unique set of values that enable sub-brokers to set up their practice and start earning money faster. The company is known for its excellent customer services for both sub-brokers and investors. It has become a reliable investment company in the region.

Here in this article, we are going to review Indira Securities in detail which will includes the benefits it provides to the sub-brokers, offers, charges to both brokers and clients along with the company profile and customer ratings.

With this information, you will be able to understand what the specialty of Indira Securities is and choose the right firm for your sub-broking aims.

Indira Securities

Indira Securities Franchise – Customer Ratings

Find below table to know Customer Ratings of Indira Securities Sub Broker:

Experience 2.5/5
Services 2.4/5
Products 2.2/5
Trading Platforms 2.6/5
Support 2.4/5
Revenue Sharing Model 2.1/5
Security Deposit 2.2/5
Offers 2.4/5
Market Share 2.3/5
Overall Ratings 2.3/5
Star Ratings ★★★☆☆

The customer rating of Indira Securities is 2.6. This is an above average rating provided by customers. This means that the customers are satisfied with the customer services, training, and marketing support. The firm has an unusually high rating for its trading platforms.

The overall average rating of Indira Securities is 3 out of 5 after considering several factors like the security deposit, sharing model, offers, benefits, customer satisfaction, etc.

Overview of Indira Securities Franchise / Sub Broker

Details about Indira Securities Franchise is given in the below table:

Company Type Private
Broker type Full Service Broker
Headquarters Indore, M.P
Founder Chiranjilal Baxi
Established Year 2004
SB Code Activation Time 30 Days
Payout Time 35 Days

Indira Securities Sub BrokerIndira Securities has its headquarter in Indore, Madhya Pradesh and is a fully-fledged broking service provider.

Chiranjilal Baxi founded the company in 2004. Though it is a public company, still it has served its partners well by providing them revenues in increasing ways.

It takes 30 days to activate the sub-broker partnership with the firm. The average payout time is 35 days which is better than most sub brokerage agencies.

Become a Sub Broker with Indira Securities – Just Fill up the form

    Become a Sub Broker
    4. Become Sub Broker

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    Indira Securities Sub Broker – Business Models

    Find below table for details:

    Master Franchise No
    Sub Broker Yes
    Remisier No
    Referral Program No

    Indira Securities Sub Brokership

    The sub-broker franchise model of Indira Securities let the sole brokers work with the firm’s name. It is like a monopoly business wherein multiple solo brokers can work together at the same place under the same name as the company.

    Indira Securities Sub Broker Commission / Revenue Sharing

    Find below table to know Indira Securities Franchise Commission Models and Revenue Sharing Models:

    Master Franchise NA
    Sub Broker 60% – 75%
    Remisier NA
    Referral Program NA

    Indira Securities is one of the famous broking firms in Indore, Madhya Pradesh. It follows a transparent revenue sharing model, with no hidden agenda and provides its franchises the best possible commisson. Here is what you get with Indira Securities:

    • Sub-broker

    The commission ranges from 60% to 75% for sub-brokers with Indira Securities. The amount may differ depending on the security deposit made by the franchise with the firm.

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    Indira Securities Franchise Cost / Indira Trade Security Deposit

    Below Tables gives a good understanding of Indira Trade Franchise Cost:

    Master Franchise NA
    Sub Broker Rs.50,000 – Rs.150,000
    Remisier NA
    Referral Program NA

    If you are willing to take a license under Indira Securities, as a sub broker, then you have to pay a deposit amount. In case you want to follow the sub-broker business model, you have to deposit Rs 50,000 and if you want a higher revenue share, then you need to deposit Rs. 1,50,000 as the security amount with the company.

    But not to worry, since the initial investment is fully refundable in case the individual decides to let go of the licensing program.

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    Indira Trade Partner Infrastructure Requirement

    Check the table to know Indira Trade Partner Infrastructure Requirement:

    Office Area Minimum 150 Sq Ft
    Employee Strength Minimum 1
    Research Services No
    Internet Connection Yes
    Trading Terminals Yes
    Telephone Lines Yes

    To get the license, here are a few infrastructure requirements which you need to fulfill.

    • An office with an area of minimum 150 sq. ft
    • 1 or more employees
    • You need to have trading terminals to execute the trade
    • Telephones are needed to do the trading

    Above mentioned are few of the fundamental things you might need to run the franchise. These can easily be met by spending little money only.

    Indira Securities Sub Broker Offers

    Find below various Indira Securities Sub Broker Offers:

    Zero Deposit No
    10k Initial Deposit No
    Flexible Revenue Sharing Yes
    Flat Revenue Sharing No
    Zero Revenue Sharing with Prepaid Yes

    The firm provides the best offers to its sub-brokers, to motivate them and to appreciate their efforts. That is the reason the firm has become a high-performing one with in such a less time. Some of the offers provided by the company are given below:

    • It follows a flexible revenue sharing model
    • In the case of prepaid, there is zero revenue sharing

    You will be surprised to know that with Indira Securities you don’t have to make an initial deposit of Rs. 10,000.

    They even don’t have any other constraints such as a flat revenue sharing model which most of the brokers don’t like. With them, all you need is to perform, and accordingly the company will rise and so do you.

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    Indira Securities Franchise Support

    Below table consist of various support provided by Indira Securities Authorised Person program:

    Marketing Support Yes
    Back-Office Support Yes
    Trading Support No
    Advisory Support No
    Dealing Training Yes
    Acquisition Training No
    Product Training Yes

    Here are the supporting factors provided by Indira Securities:

    • Marketing support
    • Dealing training
    • Back office support
    • Product training

    But one might not get advisory support or trading support from them. The individual has to manage that on its own.

    Indira Securities Authorised Person – Brokerage Charges to Clients

    The table gives proper information of Indira Securities Brokerage charges levied to its Franchise Clients:

    Equity Delivery 0.25%
    Equity Intraday 0.03%
    Equity Futures 0.03%
    Equity Options Rs.25 per Lot
    Currency Futures 0.03%
    Currency Options Rs.15 per Lot
    Commodity 0.03%

    Indira Securities brokerage charges are at par with market charges. They are as follows:

    Delivery is charged at 0.25%. Intraday is charged at 0.03%. Equity Futures is charged at 0.03%. Options delivery is charged at Rs.25 per Lot.

    Currency Futures trading is charged at  0.03%. Currency Options trading is charged at Rs.15 per Lot. Commodity trading is charged at 0.03%.

    Indira Securities Partner – Account Opening Charges to Clients

    The table gives proper information of Indira Securities Account opening charges levied to its Franchise Clients:

    Demat AMC Free
    Trading AMC Rs.299 per Annum
    Account Opening Charges Rs.100
    Transaction Charges 0.00305%
    Margin Money Minimum Rs.5,000

    Indira Securities charges to clients are very minimal compared to that of other brokers in the market. This has been the main selling point for the company’s excellent services.

    Demat AMC is free of cost. The trading AMC is minimum at Rs 299 per annum. The account opening charges are Rs 100, and the transaction charges are at 0.00305%. Whereas, the margin money is at Rs 5,000.

    Benefits of Indira Securities Partner Program

    The Indira Securities Sub-brokers program is beneficial for the sub-brokers as –

    Being associated with Indira Trade provides high financial returns and comfortable work life. Many sub-brokers have attained financial well being within a short period from when they have associated with us.

    There are also other advantages such as:

    • Strong brand name
    • A large network of customers
    • Minimal charges for accounts
    • Great track record with handling investor money
    • Excellent back office support for customers and sub-brokers.

    All in all, Indira Securities provide the right opportunity for the aspiring sub-brokers in Indore.

    Become a Sub Broker with Indira Securities – Just Fill up the form

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      List of Top Indira Securities Partners / Business Partners

      Company List Remisiers Name Trade Name Remisiers Registration No.
      INDIRA SECURITIES Achaliya Gaurav Navendra Achaliya Gaurav Narendra R/0663/23121/21/07/2008
      INDIRA SECURITIES Aditiya Dinkar Aditya Dinkar R/0663/07513/17/09/2005
      INDIRA SECURITIES Ajay D. Rawani Ajay D. Rawani R/0663/13960/09/03/2007
      INDIRA SECURITIES Amit Dilipbhai Bhayani Amit Dilipbhai Bhayani R/0663/16741/06/09/2007
      INDIRA SECURITIES Anita Mohata Anita Mohata R/0663/11167/26/06/2006
      INDIRA SECURITIES Ashok K. Shetty Ashok K. Shetty R/0663/11897/11/09/2006
      INDIRA SECURITIES Ashok Kumar Jain Ashok Kumar Jain R/0663/19069/09/01/2008
      INDIRA SECURITIES Ashwin Patangiya Ashwin Patangiya R/0663/07777/05/10/2005
      INDIRA SECURITIES Bansal Investment Bansal Investment R/0663/07625/28/09/2005
      INDIRA SECURITIES Bhavna P. Gathia Bhavna P. Gathia R/0663/15687/03/07/2007
      INDIRA SECURITIES Bhawanishankar N. Bohra Bhawanishankar N. Bohra R/0663/11937/11/09/2006
      INDIRA SECURITIES Deovati Sharma Deovati Sharma R/0663/13725/13/02/2007
      INDIRA SECURITIES Dhanshree Investment Dhanshree Investment R/0663/11921/11/09/2006
      INDIRA SECURITIES Jayesh K. Mehta Jayesh K. Mehta R/0663/08848/27/12/2005
      INDIRA SECURITIES Kailash Purohit Kailash Purohit R/0663/13774/21/02/2007
      INDIRA SECURITIES Kanakprabha Bhuta Kanakprabha Bhuta R/0663/11896/11/09/2006
      INDIRA SECURITIES Kiran R. Shah Kiran R. Shah R/0663/11886/11/09/2006
      INDIRA SECURITIES Mahendra Singh Chouhan Mahendra Singh Chouhan R/0663/33736/04/12/2009
      INDIRA SECURITIES Manish Bhandari Manish Bhandari R/0663/12953/12/12/2006
      INDIRA SECURITIES Manish Salgia Manish Salgia R/0663/07767/05/10/2005
      INDIRA SECURITIES Manoj Kumar Sodhani Manoj Kumar Sodhani R/0663/22776/04/07/2008
      INDIRA SECURITIES Meena Jain Meena Jain R/0663/12958/12/12/2006
      INDIRA SECURITIES Mohd. Iqbal Vaseen Mohd. Iqbal Yaseen R/0663/15771/06/07/2007
      INDIRA SECURITIES Money Makers Investment Money Makers Investment R/0663/17107/09/10/2007
      INDIRA SECURITIES Moolchand Jaithalya Moolchand Jaithalya R/0663/19891/08/02/2008
      INDIRA SECURITIES Mr. Ashish R. Shah Ashish R. Shah R/0663/05524/31/03/2005
      INDIRA SECURITIES Mr. Rajesh R. Shah Rajesh R. Shah R/0663/04241/05/11/2004
      INDIRA SECURITIES Mr. Shailesh M. Zota Shailesh M. Zota R/0663/04240/05/11/2004
      INDIRA SECURITIES Natvarlal H. Popat Natvarlal H. Popat R/0663/11058/19/06/2006
      INDIRA SECURITIES Neha Khandelwal Neha Khandelwal R/0663/16305/02/08/2007
      INDIRA SECURITIES Nilay B. Sanghavi Nilay B. Sanghavi R/0663/22847/09/07/2008
      INDIRA SECURITIES Nilesh K. Doshi Nilesh K. Doshi R/0663/09357/25/01/2006
      INDIRA SECURITIES Nirmal Sharma Nirmal Sharma R/0663/34711/13/01/2010
      INDIRA SECURITIES Nirmala Goyal Nirmala Goyal R/0663/08555/29/11/2005
      INDIRA SECURITIES Nitin Jain Nitin Jain R/0663/18342/10/12/2007
      INDIRA SECURITIES Paridhi Chouhan Paridhi Chouhan R/0663/27544/10/02/2009
      INDIRA SECURITIES Parul Somani Parul Somani R/0663/08163/31/10/2005
      INDIRA SECURITIES Pooja P. Popat Pooja P. Popat R/0663/10342/17/04/2006
      INDIRA SECURITIES Praful B. Vadera Praful B. Vadera R/0663/15686/03/07/2007
      INDIRA SECURITIES Prakash C. Bagora Prakash C. Bagora R/0663/10824/30/05/2006
      INDIRA SECURITIES Pravin Haridas Popat Pravin Haridas Popat R/0663/16482/23/08/2007
      INDIRA SECURITIES Pravin Shirwadkar Pravin Shirwadkar R/0663/34897/21/01/2010
      INDIRA SECURITIES Purva Surana Purva Surana R/0663/13722/13/02/2007
      INDIRA SECURITIES Pushpa Dangi Pushpa Dangi R/0663/07710/28/09/2005
      INDIRA SECURITIES Rachana S. Baxi Rachana S. Baxi R/0663/17838/14/11/2007
      INDIRA SECURITIES Rahul Gupta Rahul Gupta R/0663/08041/20/10/2005
      INDIRA SECURITIES Rahul Jain Rahul Jain R/0663/38415/06/09/2010
      INDIRA SECURITIES Rajesh Gowadia Rajesh Gowadia R/0663/18218/30/11/2007
      INDIRA SECURITIES Raman K. Pau Raman K. Pau R/0663/15685/03/07/2007
      INDIRA SECURITIES Ravi Dalal Ravi Dalal R/0663/09717/28/02/2006
      INDIRA SECURITIES Ravikant Sethia Ravikant Sethia R/0663/07508/17/09/2005
      INDIRA SECURITIES Rekha Kothari Rekha Kothari R/0663/18766/02/01/2008
      INDIRA SECURITIES Rekha Sodhani Rekha Sodhani R/0663/13416/16/01/2007
      INDIRA SECURITIES Richa Bhawsar Richa Bhawsar R/0663/09765/03/03/2006
      INDIRA SECURITIES Ritesh Kishor Tanna Ritesh Kishor Tanna R/0663/27568/10/02/2009
      INDIRA SECURITIES Sanjay A. Mehta Sanjay A. Mehta R/0663/10269/10/04/2006
      INDIRA SECURITIES Sanjay Kumar Somani Sanjay Kumar Somani R/0663/19568/30/01/2008
      INDIRA SECURITIES Sanjay Sharma Sanjay Sharma R/0663/14050/15/03/2007
      INDIRA SECURITIES Sanjeev R. Gowadia Sanjeev R. Gowadia R/0663/06980/17/08/2005
      INDIRA SECURITIES Sarika Doshi Sarika Doshi R/0663/17009/09/10/2007
      INDIRA SECURITIES Shailendra Mehta Shailendra Mehta R/0663/10251/10/04/2006
      INDIRA SECURITIES Sharad Hansraj Shah Sharad Hansraj Shah R/0663/20359/29/02/2008
      INDIRA SECURITIES Shree Nakoda Securities Services Shree Nakoda Securities Services R/0663/08399/18/11/2005
      INDIRA SECURITIES Shrinath Investment Shrinath Investment R/0663/08636/29/11/2005
      INDIRA SECURITIES Shyam Babu Gupta Shyam Babu Gupta R/0663/16306/02/08/2007
      INDIRA SECURITIES Sunil Jain Sunil Jain R/0663/18723/31/12/2007
      INDIRA SECURITIES Swagat Nirmal Jain Swagat Nirmal Jain R/0663/17718/05/11/2007
      INDIRA SECURITIES Vijaylaxmi Parwal Vijaylaxmi Parwal R/0663/11057/19/06/2006
      INDIRA SECURITIES Vipul Ratilal Karia Vipul Ratilal Karia R/0663/24745/14/10/2008
      INDIRA SECURITIES Zoeb A. Sabunwala Zoeb A. Sabunwala R/0663/12130/26/09/2006