Mangal Keshav Sub Broker / Franchise / Authorised Person / Partner Review

Mangal Keshav Financial Services is a key player in the stock market with hundreds of Mangal Keshav Sub Broker working under them across India.

Top Business ModelSub Broker
Revenue Sharing60% – 80%
Security DepositRs.25,000 – Rs.150,000
Become Sub Broker in3-5 Weeks
Receive Payout in33 Days
FounderParesh Navnitlal Bhagat
Established Year1939

Mangal Keshav Financial Services is one of India’s oldest and foremost providers of financial services.

The Group has been expanding its domestic operations throughout the country over the past eight decades. Mangal Keshav has also established its strong international network of partners and customers in the Middle East and Africa.

Use this article, we have mentioned all details of the franchise, sub broker, authorized person and review by partners.

Mangal Keshav offers

Mangal Keshav Franchise – Customer Ratings

Find below table to know Customer Ratings of Mangal Keshav Sub Broker:

Trading Platforms2.3/5
Revenue Sharing Model2.5/5
Security Deposit2.4/5
Market Share2.1/5
Overall Ratings2.3/5
Star Ratings★★★☆☆

Customer Rating of Mangal Keshav Financial Services is over all rated average. They are rated 2.3 out of 5. Customers prefer them for their personalized and customized service.

Research and analytics are carried out in depth by their experts, ensuring you take well – informed decisions and that front and back office systems are integrated in real time with online payment gateway.

Access to training videos, product and knowledge repositories to keep you abreast with the latest technological offerings, and product innovations.

Overview of Mangal Keshav Franchise / Sub Broker

Details about Mangal Keshav Franchise is given in the below table:

Company TypePrivate
Broker typeFull Service Broker
HeadquartersMumbai, Maharashtra
FounderParesh Navnitlal Bhagat
Established Year1939
SB Code Activation Time3-5 Weeks
Payout Time33 Days

Mangal Keshav Sub BrokerMK Financial Services is founded by Paresh Navnitlal Bhagat in the year 1939. Its headquarters is Mumbai, Maharashtra. It is a private full service broker firm.

Mangal Keshav Financial Services is part of the MK Group, Mangal Keshav Financial Services Ltd. That have over 315 offices and approximately 70,000 plus clients. They have branch presence at PAN India. BSE / NSE, NCDEX & MCX & Depository Participant with NSDL and CDSL is a registered member of the Mangal Keshav Financial Services Group. They are, therefore, entitled to offer their customers end to end service.

For activating SB Code it takes 3-5 weeks and 33 days of time for a payout.

Become a Sub Broker with Mangal Keshav – Just Fill up the form

    Become a Sub Broker
    1. Become Sub Broker

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    Mangal Keshav Sub Broker – Business Models

    Find below table for details:

    Master FranchiseNo
    Sub BrokerYes
    Referral ProgramYes


    Mangal Keshav Sub Broker / Authorised Person Model

    A sub broker must register with SEBI and be an affiliate to an established stock exchange such as NSE, BSE etc. Once you have registered as a sub broker under Mangal Keshav, you can manage your business as is, purchase new customers and serve them by means of proposals submitted to Mangal Keshav Financial Services.

    A specific share is mapped to you for the corresponding brokerage generated through customer trading.

    Mangal Keshav Referral Program

    Mangal Keshav Financial Services encourages its existing customers and to new customers to provide a  referral bonus.

    Mangal Keshav Sub Broker Commission / Revenue Sharing

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

    Master FranchiseNA
    Sub Broker60% – 80%
    Referral ProgramRs.1,500 per Refer

    The Franchise commission or the Revenue Sharing of the sub-brokers of Mangal Keshav Financial Services depends on the amount of their franchise Cost and Security deposit of the business partners.

    Franchise Commission is a way to convince sellers and commissions for achieving a sales objective known as a quota. Revenue Sharing represents a form of variable pay compensation for rendered services.

    • In the case of a sharing of 60% –80%, the Mangal Keshav Financial Services assign sub-brokers.
    • Mangal Keshav Financial Services provides the opportunity to be partners through 1,500 per refer share in revenues by referral program.

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    Mangal Keshav Franchise Cost / Security Deposit

    Below Tables gives a good understanding of Mangal Keshav Securities Franchise Cost:

    Master FranchiseNA
    Sub BrokerRs.25,000 – Rs.150,000
    Referral ProgramZero

    Mangal Keshav Stock Broking Securities provides the franchisee with ongoing support in areas such as business transactions, marketing, and financing. In return, Franchise pays with an initial amount as the security deposit.

    • Sub Broker pay the franchise cost by 25,000 to Rs.150,000 security deposit.
    • Referral Program does not require to pay any security deposit. They can start with ZERO deposit.

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    Mangal Keshav Partner Infrastructure Requirement

    Check the table to know Mangal Keshav Partner Infrastructure Requirement:

    Office AreaMinimum 100 Sq Ft
    Employee StrengthMinimum 1
    Research ServicesNo
    Internet ConnectionNo
    Trading TerminalsYes
    Telephone LinesNo

    To provide the licensee with Mangal Keshav Securities and ongoing training in the establishment and operations and to license the business partner use Mangal Keshav Securities brand name and systems. Mangal Keshav Financial Services Partnership infrastructure requirements are mentioned in the table. Mangal Keshav Financial Services has little fundamental partner requirement.

    • Business partners must have a minimum of 100 Sq Ft in their own office space
    • A minimum one employee is required.
    • Sub-broker Mangal Keshav should be prepared to invest in a basic start-up to keep its business growing
    • The provision of trade terminals is obligatory.
    • Facilities such as Internet and Phone Lines are not obligatory; they are optional as required.

    Mangal Keshav Sub Broker Offers

    Find below various Mangal Keshav Capital Sub Broker Offers:

    Zero DepositYes
    10k Initial DepositYes
    Flexible Revenue SharingYes
    Flat Revenue SharingNo
    Zero Revenue Sharing with PrepaidNo
    • Mangal Keshav Financial Services Securities guarantees zero deposit and frees cash since the customer does not have to pay the expensive deposit.
    • Initial Deposit of Rs 10,000 is necessitated.
    • They allow using revenue sharing to implement flexible prices.
    • Sharing zero income with pre payment is not permitted.
    • Flat fee model is not allowed to sub brokers.

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    Mangal Keshav Franchise Support

    Below table consist of various support provided by Mangal Keshav Authorised Person program:

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

    Provide the licensee with initial and continuous training in setting up and running the business and licensing it to use the franchiser brand name and systems. They help to grow quickly and at a limited cost

    • Mangal Keshav Financial Services incur the back support for the business.
    • They help the franchisee to focus on developing systems and growing the business without the time and cost.
    • Mangal Keshav Financial Services provide a robust trading platform and lineup of free research, charting, data and analytical tools make it a good choice for active traders.
    • They offer high-quality customer service, robust research and low fees.
    • They provide trading support by providing research and trading platform.

    Mangal Keshav Authorised Person – Brokerage Charges to Clients

    The table gives proper information of Mangal Keshav 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

    In return for offering investment advice and/or handling purchases or sales of security, a Brokerage Charges is a service charge to clients.

    • Mangal Keshav franchise charge 0.25% for trading in equity delivery.
    • Its sub broker charge brokerage of 0.03% for the intraday trading of the equities and also the same for trading in equity futures.
    • For trading in equity options, the charge of brokerage is Rs 25 per Lot.
    • Brokerage for trading in currency options is Rs. 15 per lot.
    • For trading in currency and commodity, 0.03% of brokerage is charged.

    Mangal Keshav Partner – Account Opening Charges to Clients

    The table gives proper information of Mangal Keshav Account opening charges levied to its Franchise Clients:

    Demat AMCRs.300 per Annum
    Trading AMCFree
    Account Opening ChargesZero
    Transaction Charges0.00300%
    Margin MoneyZero Margin

    The following is mentioned in relation to Account Opening Targets and Account Customer Fees for products and services, including Transaction Fee, account Opening Fee, etc.

    • The opening charge for Mangal Keshav Financial Services Share Demat is as nominal as Rs. 300 for customers annually.
    • The trading account is free to open for the Demat account.
    • Account Opening Charges is Zero.
    • The fee for the transaction is 00300%.
    • The customer can retain zero balance as a minimum margin.

    Benefits of Mangal Keshav Partner Program

    The Mangal Keshav Sub-brokers program is beneficial for the sub-brokers as –

    • Strong customer Support
    • PAN India presence
    • Tips and recommendation
    • NRI trading
    • Broker member of Dubai Gold and Commodities Exchange(DGCX)
    • No Mobile Base trading
    • No Clear trading plans on-line.

    Become a Sub Broker with Mangal Keshav – Just Fill up the form

      Become a Sub Broker
      1. Become Sub Broker

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      List of Top Mangal Keshav Partners/ Business Partners

      Company ListRemisiers NameTrade NameRemisiers Registration No.
      MANGAL KESHAVAmit V. KatkoriaAmit V. KatkoriaR/0491/13878/27/02/2007
      MANGAL KESHAVAnkur K. KanadiaAnkur K. KanadiaR/0491/14023/09/03/2007
      MANGAL KESHAVApeksha Atul ShahApeksha Atul ShahR/0491/41240/11/11/2011
      MANGAL KESHAVBhanumati N. SatodiyaBhanumati N. SatodiyaR/0491/15881/11/07/2007
      MANGAL KESHAVKadam V. VaishnaviKadam Vaishnavi V.R/0491/14416/12/04/2007
      MANGAL KESHAVManojkumar N. ShethManojkumar N. ShethR/0491/14192/19/03/2007
      MANGAL KESHAVMedhavini K. ChinaiMedhavini K. ChinaiR/0491/09417/02/02/2006
      MANGAL KESHAVMitankumar R PatelMitankumar R PatelR/0491/41145/29/09/2011
      MANGAL KESHAVMr. Anil J. KelaAnil J. KelaR/0491/01085/04/11/2003
      MANGAL KESHAVMr. Anil V. JoshiAnil V. JoshiR/0491/03187/15/07/2004
      MANGAL KESHAVMr. Arvind GoyalArvind GoyalR/0491/01083/04/11/2003
      MANGAL KESHAVMr. Ashok D. ChawlaASHOK D CHAWLAR/0491/00344/14/12/2000
      MANGAL KESHAVMr. Ashwin ShahAshwin ShahR/0491/02627/07/05/2004
      MANGAL KESHAVMr. Atul Balmukund OzaAtul Balmukund OzaR/0491/03191/15/07/2004
      MANGAL KESHAVMr. Basavraj Shivasharanappa SajjanshettyBasavraj Shivasharanappa SajjanshettyR/0491/02433/13/04/2004
      MANGAL KESHAVMr. Chandrakant A. ChhedaChandrakant A. ChhedaR/0491/01385/29/12/2003
      MANGAL KESHAVMr. Christopher HartnettMoney LineR/0491/03427/03/08/2004
      MANGAL KESHAVMr. Daxesh Nagindas SanghviDaxesh Nagindas SanghviR/0491/01388/29/12/2003
      MANGAL KESHAVMr. Deepak LadDeepak LadR/0491/02441/13/04/2004
      MANGAL KESHAVMr. Hemant SharmaHemant SharmaR/0491/03818/14/09/2004
      MANGAL KESHAVMr. Hitesh C. PatelHitesh C. PatelR/0491/03815/14/09/2004
      MANGAL KESHAVMr. Kantilal H. JariwalaKantilal H. JariwalaR/0491/03193/15/07/2004
      MANGAL KESHAVMr. Kishan Singh UdawatKishan Singh UdawatR/0491/01697/30/01/2004
      MANGAL KESHAVMr. Kishore N. KothariKishore N. KothariR/0491/00942/16/09/2003
      MANGAL KESHAVMr. Kunal L. DoshiKunal L. DoshiR/0491/03194/15/07/2004
      MANGAL KESHAVMr. Lakshman Prasad GarodiaLakshman Prasad GarodiaR/0491/01386/29/12/2003
      MANGAL KESHAVMr. Madhukar Baban TawareMadhukar Baban TawareR/0491/02437/13/04/2004
      MANGAL KESHAVMr. Madhukar MuravneMadhukar MuravneR/0491/03319/15/07/2004
      MANGAL KESHAVMr. Mitesh N. ShahMitesh N. ShahR/0491/03522/16/08/2004
      MANGAL KESHAVMR. Narayan Muljibhai VoraMR. Narayan Muljibhai VoraR/0491/01985/05/03/2004
      MANGAL KESHAVMr. Narendra M. ThackerNarendra M. ThackerR/0491/03422/03/08/2004
      MANGAL KESHAVMr. Paresh Bansilal ShahParesh Bansilal ShahR/0491/01699/30/01/2004
      MANGAL KESHAVMr. Prakash G. MehtaPrakash G. MehtaR/0491/03425/03/08/2004
      MANGAL KESHAVMr. Rajiv SharmaRajiv SharmaR/0491/03189/15/07/2004
      MANGAL KESHAVMr. Ravindra P. JurigalRavindra P. JurigalR/0491/02118/18/03/2004
      MANGAL KESHAVMr. Shriniwas GuptaShriniwas GuptaR/0491/03426/03/08/2004
      MANGAL KESHAVMr. Sudhir Vrajlal MadlaniSudhir Vrajlal MadlaniR/0491/01695/30/01/2004
      MANGAL KESHAVMr. Sunil BhatiaSunil BhatiaR/0491/01086/04/11/2003
      MANGAL KESHAVMr. Sunil SrivastavaSunil SrivastavaR/0491/03734/06/09/2004
      MANGAL KESHAVMr. Sunilkumar JainGentleman SecuritiesR/0491/03816/14/09/2004
      MANGAL KESHAVMr. Sushil Kumar GuptaS.K.EnterprisesR/0491/01383/29/12/2003
      MANGAL KESHAVMr. Suvesh SaharanSuvesh SaharanR/0491/03817/14/09/2004
      MANGAL KESHAVMr. Tejas Jagdish GandhiTejas Jagdish GandhiR/0491/03423/03/08/2004
      MANGAL KESHAVMr. Umesh GuptaUmesh GuptaR/0491/01082/04/11/2003
      MANGAL KESHAVMr. Vaibhav SarafVaibhav SarafR/0491/04386/30/11/2004
      MANGAL KESHAVMr.Mohamad Yusuf SalebhaiMohamad Yusuf SalebhaiR/0491/02304/01/04/2004
      MANGAL KESHAVMrs. Parul MehtaParul MehtaR/0491/02127/18/03/2004
      MANGAL KESHAVMrs. Sanjivani K. PatangeSanjivani K. PatangeR/0491/02122/18/03/2004
      MANGAL KESHAVMs. Avani Samir ShahAvani Samir ShahR/0491/03421/03/08/2004
      MANGAL KESHAVMs. Bhavana Hamesh TrivediBhavana Hamesh TrivediR/0491/03732/06/09/2004
      MANGAL KESHAVMs. Heena K. ShastriHeena K. ShastriR/0491/05911/28/04/2005
      MANGAL KESHAVMs. Khanna Rashmi GovindramKhanna Rashmi GovindramR/0491/03524/16/08/2004
      MANGAL KESHAVMs. Madhu ParekhMadhu ParekhR/0491/02432/13/04/2004
      MANGAL KESHAVMs. Manju GangwalManju GangwalR/0491/03056/19/06/2004
      MANGAL KESHAVMs. Prabha SahuPrabha SahuR/0491/03736/06/09/2004
      MANGAL KESHAVMs. Shilpa LadShilpa LadR/0491/02436/13/04/2004
      MANGAL KESHAVMs. Smita V. DalviSmita V. DalviR/0491/03052/19/06/2004
      MANGAL KESHAVMs. Sonal MehtaSonal MehtaR/0491/01982/05/03/2004
      MANGAL KESHAVMs. Sunita AgarwalSunita AgarwalR/0491/03051/19/06/2004
      MANGAL KESHAVMs.Jayshree Kirti PatelJayshree Kirti PatelR/0491/02120/18/03/2004
      MANGAL KESHAVMs.Reshama Y. ShahReshama Y. ShahR/0491/02305/01/04/2004
      MANGAL KESHAVNeeta Shantilal PurohitNeeta Shantilal PurohitR/0491/20874/27/03/2008
      MANGAL KESHAVNitin Chimanlal JainNitin Chimanlal JainR/0491/01832/21/02/2004
      MANGAL KESHAVPerkin Dhrij GalaPerkin Dhrij GalaR/0491/02763/13/05/2004
      MANGAL KESHAVRavi Prakash SharmaRavi Prakash SharmaR/0491/21505/02/05/2008
      MANGAL KESHAVShobhna Shantilal PurohitShobhna Shantilal PurohitR/0491/20875/27/03/2008
      MANGAL KESHAVShri Niwas GuptaShri Niwas GuptaR/0491/08779/12/12/2005
      MANGAL KESHAVShyam K. AgarwalBalmukand SharmaR/0491/09744/03/03/2006
      MANGAL KESHAVSunita S. JoshiGeeta Finance Corpn.R/0491/02764/13/05/2004
      MANGAL KESHAVSushma Deepak JadhavSushma Deepak JadhavR/0491/17584/29/10/2007