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

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

Top Business Model Sub Broker
Revenue Sharing 60% – 80%
Security Deposit Rs.25,000 – Rs.150,000
Become Sub Broker in 3-5 Weeks
Receive Payout in 33 Days
Founder Paresh Navnitlal Bhagat
Established Year 1939

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 a strong international network of partners and customers in the Middle East and Africa.

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

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

The customer Rating of Mangal Keshav Financial Services is overall 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 an online payment gateway.

Access to training videos, and 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 Type Private
Broker type Full Service Broker
Headquarters Mumbai, Maharashtra
Founder Paresh Navnitlal Bhagat
Established Year 1939
SB Code Activation Time 3-5 Weeks
Payout Time 33 Days

Mangal Keshav Sub BrokerMK Financial Services is founded by Paresh Navnitlal Bhagat in the year 1939. Its headquarters is in 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 has over 315 offices and approximately 70,000 plus clients. They have a 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
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    Mangal Keshav Sub Broker – Business Models

    Find below table for details:

    Master Franchise No
    Sub Broker Yes
    Remisier No
    Referral Program Yes


    Mangal Keshav Sub Broker / Authorised Person Model

    A sub-broker must register with SEBI and be an affiliate of 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 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 Franchise NA
    Sub Broker 60% – 80%
    Remisier NA
    Referral Program Rs.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 the 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%, Mangal Keshav Financial Services assigns sub-brokers.
    • Mangal Keshav Financial Services provides the opportunity to be partners through a 1,500 per refer share in revenues by referral program.

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    Mangal Keshav Franchise Cost / Security Deposit

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

    Master Franchise NA
    Sub Broker Rs.25,000 – Rs.150,000
    Remisier NA
    Referral Program Zero

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

    • Sub Broker pays the franchise cost by 25,000 to Rs.150,000 security deposit.
    • The referral Program does not require you 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’s Partner Infrastructure Requirements:

    Office Area Minimum 100 Sq Ft
    Employee Strength Minimum 1
    Research Services No
    Internet Connection No
    Trading Terminals Yes
    Telephone Lines No

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

    • Business partners must have a minimum of 100 Sq Ft in their own office space
    • A minimum of 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.

    The Mangal Keshav Sub Broker Offers

    Find below various Mangal Keshav Capital Sub Broker Offers:

    Zero Deposit Yes
    10k Initial Deposit Yes
    Flexible Revenue Sharing Yes
    Flat Revenue Sharing No
    Zero Revenue Sharing with Prepaid No
    • Mangal Keshav Financial Services Securities guarantees zero deposit and free cash since the customer does not have to pay an expensive deposit.
    • An 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.
    • A flat fee model is not allowed for sub-brokers.

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    Mangal Keshav Franchise Support

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

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

    Provide the licensee with initial and continuous training in setting up and running the business and licensing it to use the franchiser’s 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 a lineup of free research, charting, data, and analytical tools making 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 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%

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

    • Mangal Keshav franchise charges 0.25% for trading in equity delivery.
    • Its sub-broker charge a 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 on Mangal Keshav Account opening charges levied to its Franchise Clients:

    Demat AMC Rs.300 per Annum
    Trading AMC Free
    Account Opening Charges Zero
    Transaction Charges 0.00300%
    Margin Money Zero Margin

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

    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 List Remisiers Name Trade Name Remisiers Registration No.
      MANGAL KESHAV Amit V. Katkoria Amit V. Katkoria R/0491/13878/27/02/2007
      MANGAL KESHAV Ankur K. Kanadia Ankur K. Kanadia R/0491/14023/09/03/2007
      MANGAL KESHAV Apeksha Atul Shah Apeksha Atul Shah R/0491/41240/11/11/2011
      MANGAL KESHAV Bhanumati N. Satodiya Bhanumati N. Satodiya R/0491/15881/11/07/2007
      MANGAL KESHAV Kadam V. Vaishnavi Kadam Vaishnavi V. R/0491/14416/12/04/2007
      MANGAL KESHAV Manojkumar N. Sheth Manojkumar N. Sheth R/0491/14192/19/03/2007
      MANGAL KESHAV Medhavini K. Chinai Medhavini K. Chinai R/0491/09417/02/02/2006
      MANGAL KESHAV Mitankumar R Patel Mitankumar R Patel R/0491/41145/29/09/2011
      MANGAL KESHAV Mr. Anil J. Kela Anil J. Kela R/0491/01085/04/11/2003
      MANGAL KESHAV Mr. Anil V. Joshi Anil V. Joshi R/0491/03187/15/07/2004
      MANGAL KESHAV Mr. Arvind Goyal Arvind Goyal R/0491/01083/04/11/2003
      MANGAL KESHAV Mr. Ashok D. Chawla ASHOK D CHAWLA R/0491/00344/14/12/2000
      MANGAL KESHAV Mr. Ashwin Shah Ashwin Shah R/0491/02627/07/05/2004
      MANGAL KESHAV Mr. Atul Balmukund Oza Atul Balmukund Oza R/0491/03191/15/07/2004
      MANGAL KESHAV Mr. Basavraj Shivasharanappa Sajjanshetty Basavraj Shivasharanappa Sajjanshetty R/0491/02433/13/04/2004
      MANGAL KESHAV Mr. Chandrakant A. Chheda Chandrakant A. Chheda R/0491/01385/29/12/2003
      MANGAL KESHAV Mr. Christopher Hartnett Money Line R/0491/03427/03/08/2004
      MANGAL KESHAV Mr. Daxesh Nagindas Sanghvi Daxesh Nagindas Sanghvi R/0491/01388/29/12/2003
      MANGAL KESHAV Mr. Deepak Lad Deepak Lad R/0491/02441/13/04/2004
      MANGAL KESHAV Mr. Hemant Sharma Hemant Sharma R/0491/03818/14/09/2004