Narnolia Sub Broker / Authorized Person / Franchise / Partner Review

Narnolia sub broker program is a popular and a competitive broking franchise program. It has gained popularity over a period of recent years. The program gets its boost from the trust and the strong advisory services that this company provides.

Top Business Model Sub Broker
Revenue Sharing 75% – 85%
Security Deposit Rs.15,000 to Rs.25,000
Become Sub Broker in 31 Days
Receive Payout in 30 Days
Founder Mr. Krishna N Narnolia
Established Year 1993

Lets have a detailed review of Narnolia Franchise along with in-depth understanding of Narnolia Authorized Person Commission Sharing Model, Narnolia Sub Broker Security Deposit & more.

Narnolia has been into the broking business since last decades almost. It is quite well known for its services in relation to fund management, portfolio management, investment advisory etc. The company was set up by Mr. Krishna N Narnolia and has achieved multiple milestones since then.


Narnolia Franchise Customer Ratings

Narnolia Franchise
Criteria Ratings
Experience 2.5/5
Services 2.6/5
Products 2.4/5
Trading Platforms 2.6/5
Support 2.7/5
Revenue Sharing Model 2.3/5
Security Deposit 2.4/5
Offers 2.7/5
Market Share 2.5/5
Overall 2.5/5

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Types of Narnolia Sub Broker/ Authorized Person

narnolia sub brokerNarnolia has two types of business partnerships available.

The two models are most popular ones and have been kept in line with that which the industry follows in general.

The two business partnership models are:

  • Business partner – this refers to the basic sub broker or authorized person model
  • Preferred partner – this refers to the remisier model

Become a Narnolia Authorized Person – Just Fill up the form

    Become a Sub Broker
    1. Become Sub Broker

    Narnolia Sub broker or Narnolia Authorised person

    As mentioned above, this is a simple sub broker or franchise model. Narnolia has a very subjective way of deciding the revenue sharing ratio and is based on number of factors including the bargaining power of the sub broker. The ratio varies from 50% to 70%. The factors that affect this ratio are deposits made, revenue generated etc.

    The deposit generally ranges from Rs. 1 lac to 2 lacs. This may vary depending upon the credibility of AP, the revenue projected and the also on the segments in which the authorized person deals.

    Narnolia Remisier

    Herein, one being a customer of Narnolia simply needs to continue adding more clients to Narnolia. This helps the company as well as the customer to reap benefits and build up trust over each other. Under this model, the deposit is not high and may be limited to Rs. 20,000 to Rs. 50,0000. Further, the revenue sharing ratio is also limited to 15% to 25%.

    Narnolia Authorised Person or Sub Broker Commission or Revenue Sharing Model

    For an authorized person or sub broker model, Narnolia shares the revenue at the rate of 50% to 80%. This ratio is not fixed and will vary upon how much revenue is generated and also the quality and consistency of revenue.

    The revenue ratio can also vary over time to time – the authorized person can request for a revision in ratio over a period of time. Considering the ratio range above, the same seems to be as per the industry benchmark however an exceptional performer can request for a higher ratio than this.

    For a remisier model, the revenue sharing ratio ranges from 15% to 25%. This is so because under this model, the remisier playes a very limited role of introducing potential clients and thereafter it is the company who takes efforts to convert the potential client into client and then undertake trading activities for them. This range is also in line with the industry’s range.

    Business model Narnolia Commission Sub Broker Commission
    Sub broker/ Authorised partner 30% – 50% 50% – 70%
    Remisier 75% – 85% 15%-25%


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    Narnolia Franchise Cost or Security Deposit Amount

    Narnolia, in accordance with industry practices, prescribes certain security deposit for both the models The security deposit amount is required to adjust the defaults if any committed by the partners. Such default is corrected from the security deposit amount paid by the sub broker or remisier.

    For a narnolia sub broker the deposit amount starts from Rs. 50,000 and may go up as high as Rs. 2 lacs. this is not the outer limit – as the revenue and the risk expand, the company may ask for additional security deposit. This deposit is refunded to the broker when the agreement is terminated.

    Apart from this, the narnolia franchise is required to pay certain registration fee which is around Rs. 2,000 for each of the capital market segments. This is payable to stock exchange and not to the stock broker.

    For a remisier, a lesser deposit is required which ranges from Rs. 15,000 to Rs. 25,000. This is also paid back to the remisier when the agreement and the arrangement is terminated. In case the remisier wishes, the same can also be adjusted against the brokerage payable by him.

    Business model Narnolia Deposit required
    Sub broker/ Authorised person Rs. 50,000 onwards
    Remisier Rs. 15,000 to Rs. 25,000

    Here are Security Deposit info of other Stock Broking Franchise

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    Jhaveri Securities Sub Broker Monarch Networth Sub Broker Tradebulls Sub Broker

    Narnolia Authorized Person or Sub Broker Offer

    Narnolia is currently launched the following offers for its AP or sub brokers:

    • High revenue sharing ratio
    • Waiver of part of security deposit
    • Customized packages for clients
    • Free advisory calls to the clients of AP or sub brokers
    • Investment advisory tips

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    How to become Narnolia Sub Broker?

    1. Please provide the details in  the lead form herein on this website.
    2. Await for a call from Our representative. Upon receiving call, confirm your interest and the details provided in form.
    3. Wait for a meeting with Narnolia sales team.
    4. Meet Narnolia sales team and discuss in depth the proposal in terms of the role, the revenue sharing ratio, deposit amount, support provided etc.
    5. Submit the documents to Narnolia representative to enable them to undertake verification of documents. Also ensure that deposit amount and registration fee are paid to Narnolia and to stock exchange.
    6. Wait for Narnolia team to confirm on the documents.
    7. Once verifying documents, Narnolia will draft and agreement. This agreement is to be signed by both parties.
    8. Narnolia will then undertake the process of registering you with stock exchange as an AP (if not already done by you).

    The procedure gets completed in almost 7-10 days.

    Documents Required for Narnolia Partner Registration

    • PAN card Copy
    • Copy of Aadhar card
    • DOB proof Copy
    • Copy of academic certificates
    • Cancelled blank cheque
    • Passport size photograph
    • Proof of sufficient infrastructure and office space to operate

    Why Partner with Narnolia?

    • Narnolia is very transparent with its charging and hence there will be no hidden costs etc.
    • Stock broker has a very strong advisory team
    • The Broking house very strong presence in eastern part of India
    • Narnolia encourages the small business and hence is partner
    • It has a very good employee base and renowned professionals are on board with it

    Support provided by Narnolia Partner Program

    • Business set up support
    • Marketing support
    • High advanced tools
    • Training support to staff
    • Workshop for AP customer

    Start your business with Narnolia Sub Broker – Just Fill up the form

      Become a Sub Broker
      1. Become Sub Broker

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      List of Top Narnolia Partners/ Business Partners

      Company List Remisiers Name Trade Name Remisiers Registration No.
      Narnolia Aditya Khemka Aditya Khemka R/3051/36090/30/03/2010
      Narnolia Ajay Kumar Singhi Ajay Kumar Singhi R/3051/25760/05/12/2008
      Narnolia BiplabDas Biplab Das R/3051/27539/10/02/2009
      Narnolia Biswajit Kumar Dey Biswajit Kumar Dey R/3051/36798/06/05/2010
      Narnolia Biswanath Ghosh Biswanath Ghosh R/3051/22367/18/06/2008
      Narnolia Brajesh Shrama Brajesh Shrama R/3051/26240/18/12/2008
      Narnolia Bris Bhushan Tiwar Brij Bhushan Tiwari R/3051/27540/10/02/2009
      Narnolia Chanchal Biswas Chanchal Biswas R/3051/20492/05/03/2008
      Narnolia Chandan Kumar Ghosh Chandan Kumar Ghosh R/3051/19940/15/02/2008
      Narnolia Chiranjib Majumder Chiranjib Majumder R/3051/28872/21/04/2009
      Narnolia Debasish Das Debasish Das R/3051/28418/20/03/2009
      Narnolia Debraj Mallick Debraj Mallick R/3051/27231/27/01/2009
      Narnolia Deepak Sharma Deepak Sharma R/3051/35529/24/02/2010
      Narnolia Dharmendra Kumar Agarwal Dharmendra Kumar Agarwal R/3051/26413/26/12/2008
      Narnolia Dinesh Bagaria Dinesh Bagaria R/3051/36149/30/03/2010
      Narnolia Dipesh Deb Dipesh Deb R/3051/28871/21/04/2009
      Narnolia Dipti Naha Dipti Naha R/3051/35791/15/03/2010
      Narnolia Gaurav Chandak Gaurav Chandak R/3051/36681/29/04/2010
      Narnolia Ghulam Sarwar Ansari Ghulam Sarwar Ansari R/3051/22138/05/06/2008
      Narnolia Gopal Sarawagi Gopaal Sarawagi R/3051/24834/15/10/2008
      Narnolia Ritesh Sharma Ritesh Sharma R/3051/27208/27/01/2009
      Narnolia Sabyasachi Mukherjee Sabyasachi Mukherjee R/3051/27210/27/01/2009
      Narnolia Soma Gope Soma Gope R/3051/36871/12/05/2010
      Narnolia Soma Mukherjee Ghosh Soma Mukherjee Ghosh R/3051/30380/16/07/2009
      Narnolia Somnath Roy Somnath Roy R/3051/28526/26/03/2009
      Narnolia Somnath Sarkar Somnath Sarkar R/3051/33325/19/11/2009
      Narnolia Tapas Dutta Tapas Dutta R/3051/35790/15/03/2010
      Narnolia Tarak Santra Tarak Santra R/3051/36146/30/03/2010
      Narnolia Tarannum Nasir Khan Tarannum Nasir Khan R/3051/36397/15/04/2010
      Narnolia Umesh Kedia Umesh Kedia R/3051/31117/17/08/2009
      Narnolia Vikas Kumar Agarwal Vikas Kumar Agarwal R/3051/29428/29/05/2009
      Narnolia Vishwajit Kumar Vishwajit Kumar R/3051/22766/04/07/2008