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

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

Top Business ModelSub Broker
Revenue Sharing60% – 75%
Security DepositRs.50,000 – Rs.150,000
Become Sub Broker in30 Days
Receive Payout in35 Days
FounderChiranjilal Baxi
Established Year2004

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:

Trading Platforms2.6/5
Revenue Sharing Model2.1/5
Security Deposit2.2/5
Market Share2.3/5
Overall Ratings2.3/5
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 TypePrivate
Broker typeFull Service Broker
HeadquartersIndore, M.P
FounderChiranjilal Baxi
Established Year2004
SB Code Activation Time30 Days
Payout Time35 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

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Indira Securities Sub Broker – Business Models

Find below table for details:

Master FranchiseNo
Sub BrokerYes
Referral ProgramNo

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 FranchiseNA
Sub Broker60% – 75%
Referral ProgramNA

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 FranchiseNA
Sub BrokerRs.50,000 – Rs.150,000
Referral ProgramNA

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 AreaMinimum 150 Sq Ft
Employee StrengthMinimum 1
Research ServicesNo
Internet ConnectionYes
Trading TerminalsYes
Telephone LinesYes

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 DepositNo
10k Initial DepositNo
Flexible Revenue SharingYes
Flat Revenue SharingNo
Zero Revenue Sharing with PrepaidYes

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 SupportYes
Back-Office SupportYes
Trading SupportNo
Advisory SupportNo
Dealing TrainingYes
Acquisition TrainingNo
Product TrainingYes

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 Delivery0.25%
Equity Intraday0.03%
Equity Futures0.03%
Equity OptionsRs.25 per Lot
Currency Futures0.03%
Currency OptionsRs.15 per Lot

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 AMCFree
Trading AMCRs.299 per Annum
Account Opening ChargesRs.100
Transaction Charges0.00305%
Margin MoneyMinimum 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.

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List of Top Indira Securities Partners / Business Partners

Company ListRemisiers NameTrade NameRemisiers Registration No.
INDIRA SECURITIESAchaliya Gaurav NavendraAchaliya Gaurav NarendraR/0663/23121/21/07/2008
INDIRA SECURITIESAditiya DinkarAditya DinkarR/0663/07513/17/09/2005
INDIRA SECURITIESAjay D. RawaniAjay D. RawaniR/0663/13960/09/03/2007
INDIRA SECURITIESAmit Dilipbhai BhayaniAmit Dilipbhai BhayaniR/0663/16741/06/09/2007
INDIRA SECURITIESAnita MohataAnita MohataR/0663/11167/26/06/2006
INDIRA SECURITIESAshok K. ShettyAshok K. ShettyR/0663/11897/11/09/2006
INDIRA SECURITIESAshok Kumar JainAshok Kumar JainR/0663/19069/09/01/2008
INDIRA SECURITIESAshwin PatangiyaAshwin PatangiyaR/0663/07777/05/10/2005
INDIRA SECURITIESBansal InvestmentBansal InvestmentR/0663/07625/28/09/2005
INDIRA SECURITIESBhavna P. GathiaBhavna P. GathiaR/0663/15687/03/07/2007
INDIRA SECURITIESBhawanishankar N. BohraBhawanishankar N. BohraR/0663/11937/11/09/2006
INDIRA SECURITIESDeovati SharmaDeovati SharmaR/0663/13725/13/02/2007
INDIRA SECURITIESDhanshree InvestmentDhanshree InvestmentR/0663/11921/11/09/2006
INDIRA SECURITIESJayesh K. MehtaJayesh K. MehtaR/0663/08848/27/12/2005
INDIRA SECURITIESKailash PurohitKailash PurohitR/0663/13774/21/02/2007
INDIRA SECURITIESKanakprabha BhutaKanakprabha BhutaR/0663/11896/11/09/2006
INDIRA SECURITIESKiran R. ShahKiran R. ShahR/0663/11886/11/09/2006
INDIRA SECURITIESMahendra Singh ChouhanMahendra Singh ChouhanR/0663/33736/04/12/2009
INDIRA SECURITIESManish BhandariManish BhandariR/0663/12953/12/12/2006
INDIRA SECURITIESManish SalgiaManish SalgiaR/0663/07767/05/10/2005
INDIRA SECURITIESManoj Kumar SodhaniManoj Kumar SodhaniR/0663/22776/04/07/2008
INDIRA SECURITIESMeena JainMeena JainR/0663/12958/12/12/2006
INDIRA SECURITIESMohd. Iqbal VaseenMohd. Iqbal YaseenR/0663/15771/06/07/2007
INDIRA SECURITIESMoney Makers InvestmentMoney Makers InvestmentR/0663/17107/09/10/2007
INDIRA SECURITIESMoolchand JaithalyaMoolchand JaithalyaR/0663/19891/08/02/2008
INDIRA SECURITIESMr. Ashish R. ShahAshish R. ShahR/0663/05524/31/03/2005
INDIRA SECURITIESMr. Rajesh R. ShahRajesh R. ShahR/0663/04241/05/11/2004
INDIRA SECURITIESMr. Shailesh M. ZotaShailesh M. ZotaR/0663/04240/05/11/2004
INDIRA SECURITIESNatvarlal H. PopatNatvarlal H. PopatR/0663/11058/19/06/2006
INDIRA SECURITIESNeha KhandelwalNeha KhandelwalR/0663/16305/02/08/2007
INDIRA SECURITIESNilay B. SanghaviNilay B. SanghaviR/0663/22847/09/07/2008
INDIRA SECURITIESNilesh K. DoshiNilesh K. DoshiR/0663/09357/25/01/2006
INDIRA SECURITIESNirmal SharmaNirmal SharmaR/0663/34711/13/01/2010
INDIRA SECURITIESNirmala GoyalNirmala GoyalR/0663/08555/29/11/2005
INDIRA SECURITIESNitin JainNitin JainR/0663/18342/10/12/2007
INDIRA SECURITIESParidhi ChouhanParidhi ChouhanR/0663/27544/10/02/2009
INDIRA SECURITIESParul SomaniParul SomaniR/0663/08163/31/10/2005
INDIRA SECURITIESPooja P. PopatPooja P. PopatR/0663/10342/17/04/2006
INDIRA SECURITIESPraful B. VaderaPraful B. VaderaR/0663/15686/03/07/2007
INDIRA SECURITIESPrakash C. BagoraPrakash C. BagoraR/0663/10824/30/05/2006
INDIRA SECURITIESPravin Haridas PopatPravin Haridas PopatR/0663/16482/23/08/2007
INDIRA SECURITIESPravin ShirwadkarPravin ShirwadkarR/0663/34897/21/01/2010
INDIRA SECURITIESPurva SuranaPurva SuranaR/0663/13722/13/02/2007
INDIRA SECURITIESPushpa DangiPushpa DangiR/0663/07710/28/09/2005
INDIRA SECURITIESRachana S. BaxiRachana S. BaxiR/0663/17838/14/11/2007
INDIRA SECURITIESRahul GuptaRahul GuptaR/0663/08041/20/10/2005
INDIRA SECURITIESRahul JainRahul JainR/0663/38415/06/09/2010
INDIRA SECURITIESRajesh GowadiaRajesh GowadiaR/0663/18218/30/11/2007
INDIRA SECURITIESRaman K. PauRaman K. PauR/0663/15685/03/07/2007
INDIRA SECURITIESRavi DalalRavi DalalR/0663/09717/28/02/2006
INDIRA SECURITIESRavikant SethiaRavikant SethiaR/0663/07508/17/09/2005
INDIRA SECURITIESRekha KothariRekha KothariR/0663/18766/02/01/2008
INDIRA SECURITIESRekha SodhaniRekha SodhaniR/0663/13416/16/01/2007
INDIRA SECURITIESRicha BhawsarRicha BhawsarR/0663/09765/03/03/2006
INDIRA SECURITIESRitesh Kishor TannaRitesh Kishor TannaR/0663/27568/10/02/2009
INDIRA SECURITIESSanjay A. MehtaSanjay A. MehtaR/0663/10269/10/04/2006
INDIRA SECURITIESSanjay Kumar SomaniSanjay Kumar SomaniR/0663/19568/30/01/2008
INDIRA SECURITIESSanjay SharmaSanjay SharmaR/0663/14050/15/03/2007
INDIRA SECURITIESSanjeev R. GowadiaSanjeev R. GowadiaR/0663/06980/17/08/2005
INDIRA SECURITIESSarika DoshiSarika DoshiR/0663/17009/09/10/2007
INDIRA SECURITIESShailendra MehtaShailendra MehtaR/0663/10251/10/04/2006
INDIRA SECURITIESSharad Hansraj ShahSharad Hansraj ShahR/0663/20359/29/02/2008
INDIRA SECURITIESShree Nakoda Securities ServicesShree Nakoda Securities ServicesR/0663/08399/18/11/2005
INDIRA SECURITIESShrinath InvestmentShrinath InvestmentR/0663/08636/29/11/2005
INDIRA SECURITIESShyam Babu GuptaShyam Babu GuptaR/0663/16306/02/08/2007
INDIRA SECURITIESSunil JainSunil JainR/0663/18723/31/12/2007
INDIRA SECURITIESSwagat Nirmal JainSwagat Nirmal JainR/0663/17718/05/11/2007
INDIRA SECURITIESVijaylaxmi ParwalVijaylaxmi ParwalR/0663/11057/19/06/2006
INDIRA SECURITIESVipul Ratilal KariaVipul Ratilal KariaR/0663/24745/14/10/2008
INDIRA SECURITIESZoeb A. SabunwalaZoeb A. SabunwalaR/0663/12130/26/09/2006