SHCIL Services Sub Broker / Franchise / Authorised Person / Partner Review

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

Top Business ModelSub Broker
Revenue Sharing60% – 80%
Security DepositRs.50,000 – Rs.200,000
Become Sub Broker in30 Days
Receive Payout in35 Days
Established Year1995

SHCIL services is a renowned stockbroker which is a wholly owned subsidiary of Stock Holding Corporation of India. This article will focus on the different aspects of the company. In this article, you will find all the details related to the business models of the company.

It will also focus on the revenue sharing models and the cost or deposit requirement along with the eligibility criteria. The rest of the article will enlighten the customers about the different brokerage plans of the company.

So, if you want to know about SHCIL Services sub-brokers for joining as partners, this article is perfect for you and also for the customers who are planning to invest via the sub-brokers and other partners of the company.

SHCIL Services Franchise – Customer Ratings

Find below table to know Customer Ratings of SHCIL Services Sub Broker:

Trading Platforms2.5/5
Revenue Sharing Model2.4/5
Security Deposit2.2/5
Market Share2.1/5
Overall Ratings2.3/5
Star Ratings★★★☆☆

SHCIL Services customer ratings depict various aspects of the company’s work and culture. The company’s customer care executives or the partners must be very friendly as the customer experience column has a rating of 2.6. The services and the products comparatively might not be that attractive as they have a rating of 2.2 and 2.3 respectively.

The trading platforms, on the other hand, must be really advanced to get a rating of 2.5. The sub-brokers seems not that happy with the support they get and the amount of security deposit they have to keep as both have a rating of 2.2, but the revenue sharing model makes them happy to a certain extent as it has been rated at 2.4.

Overall the company has a rating of 2.3 which is a fair rating to run successfully in the industry.

Overview of SHCIL Services Franchise / Sub Broker

Details about SHCIL Services Franchise is given in the below table:

Company TypePublic
Broker typeFull Service Broker
HeadquartersGuntur, A.P
Established Year1995
SB Code Activation Time30 Days
Payout Time35 Days

SHCIL Services Sub BrokerIt is a public limited company as mentioned above that its parent company in Stock Holding Corporation of India. The company has it’s headquartered in Guntur and it was founded by Sanjay Pote.

The company was founded in the year 1995 and since then it is working as a full-service broker servicing all kind of investment requirements of the investors in the share market arena.

They have an array of sub-brokers, and for becoming one, the waiting time is 30 days that is the sub-brokers code activation time. The company pays the sub-brokers within 35 days that is the payout time.

Become a Sub Broker with SHCIL Services – Just Fill up the form

    Become a Sub Broker
    1. Become Sub Broker

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    SHCIL Services Sub Broker – Business Models

    Find below table for details:

    Master FranchiseNo
    Sub BrokerYes
    Referral ProgramNo

    SHCIL Services Sub Brokership

    Under this business model, there are sub-brokers working to form their customer base. They sell the products and services of the company to the customers acquired by themselves and then the revenue they generate, that is shared between the company and the sub-brokers.

    SHCIL Services Remisier

    They act as the agent of the company. They get leads from the market and from any other source that is the people from different places who are interested in making the investment and looking for a broker. Then the company tries to sell the products and services to the leads given by these agents. If the products and services are sold and earning are received then the Remisier (agents) get a part of that.

    SHCIL Services Sub Broker Commission / Revenue Sharing

    Find below table to know SHCIL Services Franchise Commission Models and Revenue Sharing Models:

    Master FranchiseNA
    Sub Broker60% – 80%
    Referral ProgramNA

    The revenue sharing model of SHCIL Services is quite simple. For the sub-brokers, it depends on the amount of security deposit they have kept with the company. The company provides a minimum of 60% revenue to the sub-brokers. If the amount of security deposit is higher than the minimum amount, the revenue share also goes up accordingly and it can go up to 80%.

    For the Remisier, the revenue sharing is flat and it is 20% per lead only if the business is generated from them.

    Check out Revenue Sharing of other Sub Brokers

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    SHCIL Services Franchise Cost / Security Deposit

    Below Tables gives a good understanding of SHCIL Services Franchise Cost:

    Master FranchiseNA
    Sub BrokerRs.50,000 – Rs.200,000
    Referral ProgramNA

    So, we were talking about the security deposit in the last section, the security deposit the sub-brokers have to keep is Rs. 50000 as a minimum to start the business. For the maximum amount of revenue share, they can keep up to Rs. 200000 of deposit.

    The Remisier, on the other hand, has a fixed amount to invest which is Rs. 20000.

    Here are Security Deposit info of other Stock Broking Franchise

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    SHCIL Services Partner Infrastructure Requirement

    Check the table to know SHCIL Services Partner Infrastructure Requirement:

    Office AreaNot Mandatory
    Employee StrengthNot Mandatory
    Research ServicesYes
    Internet ConnectionNo
    Trading TerminalsNo
    Telephone LinesYes

    The eligibility criteria of SHCIL Services are –

    • Research services are mandatory in the partner’s office. The customers must get the chance to know about the investment vehicles or the products they are putting their money into.
    • The telephone lines in the office must be working
    • There is no specific amount of space you require in the office but it must be enough accommodating.
    • You may or may not keep employees but you have to be present to take care of the customers.

    SHCIL Services Sub Broker Offers

    Find below various The SHCIL Services Sub Broker Offers:

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

    SHCIL Services offers are quite attractive for the sub-brokers and the remisiers –

    • They get the chance to start their share broking business within very low investment
    • Even with low capital, they get high earning opportunity
    • The zero deposit offer is also on the cards
    • Flexible revenue sharing is highly beneficial to the business partners

    Check out other companies Sub Broker Offers

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    SHCIL Services Franchise Support

    Below table consist of various support provided by SHCIL Services Authorised Person program:

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

    SHCIL Services supports sub-brokers and the Remisier by providing back-office help, advisory support. They also train them in dealing and acquisition. This eventually helps the partners in understanding the company’s work culture in a better way and then accordingly deal with the clients.

    SHCIL Services Authorised Person – Brokerage Charges to Clients

    The table gives proper information of SHCIL Services Brokerage charges levied to its Franchise Clients:

    Equity Delivery0.1% – 0.2%
    Equity Intraday0.01% – 0.02%
    Equity Futures0.01% – 0.02%
    Equity OptionsRs.10 – Rs.20 per Lot
    Currency Futures0.01% – 0.02%
    Currency OptionsRs.10 – Rs.20 per Lot

    Brokerage plans of SHCIL Services are flexible that is the rate for equity delivery transactions varies between 0.1% to 0.2%. While the currency futures, equity futures, and equity intraday transactions rate is within the range of 0.01% to 0.02%. For the options both equity and currency, the charge is Rs. 10 to Rs. 20 each lot.

    SHCIL Services Partner – Account Opening Charges to Clients

    The table gives proper information of SHCIL Services Account opening charges levied to its Franchise Clients:

    Demat AMCRs.229 per Annum
    Trading AMCFree
    Account Opening ChargesRs.399
    Transaction Charges0.00269%
    Margin MoneyMinimum Rs.5,000

    You have to pay Rs. 399 if you want to open an account with SHCIL Services. However, your trading will be maintained for free till the time you want to operate it. For the Demat account, you need to pay Rs. 229 every year.

    The transactions are charged at 0.00269% which is a mandatory charge according to the rules and regulations of the government.

    The money which customers have to keep in their trading account necessarily is known as margin money and SHCIL Services margin money requirement starts from Rs. 5000.

    Benefits of SHCIL Services Partner Program

    The SHCIL Services Sub-brokers program is beneficial for the sub-brokers as –

    • Exponential earning opportunity for the business partners
    • Friendly customer care executives
    • Flexible brokerage plan and nominal as well
    • Low margin money requirement

    Become a Sub Broker with SHCIL Services – Just Fill up the form

      Become a Sub Broker
      1. Become Sub Broker

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      List of Top Shcil Services Partners / Business Partners

      Company ListRemisiers NameTrade NameRemisiers Registration No.
      SHCIL SERVICESNorth-East SecuritiesNorth-East SecuritiesR/3111/09950/17/03/2006
      SHCIL SERVICESRahul TandonRahul TandonR/3111/14326/31/03/2007
      SHCIL SERVICESSneha KumariSneha KumariR/3111/14436/12/04/2007
      SHCIL SERVICESSandesh V Kini YSandesh V Kini YR/3111/14723/03/05/2007
      SHCIL SERVICESSunita JhaSunita JhaR/3111/15220/01/06/2007
      SHCIL SERVICESSushma SinghSushma SinghR/3111/15408/15/06/2007
      SHCIL SERVICESSawant Sunil VishnuSawant Sunil VishnuR/3111/15798/06/07/2007
      SHCIL SERVICESInvestment CounsellorInvestment CounsellorR/3111/15808/06/07/2007
      SHCIL SERVICESSantosh KumarSantosh KumarR/3111/15821/11/07/2007
      SHCIL SERVICESV. BalachandrasekaranV. BalachandrasekaranR/3111/16070/24/07/2007
      SHCIL SERVICESHosmar Sudarshan ShenoyHosmar Sudarshan ShenoyR/3111/17095/09/10/2007
      SHCIL SERVICESRavi ValsangkarRavi ValsangkarR/3111/41230/31/10/2011
      SHCIL SERVICESShivakumar Keshav PrabhushikarShivakumar Keshav PrabhushikarR/3111/41365/23/12/2011
      SHCIL SERVICESGautam Madhukar HaldipurGautam Madhukar HaldipurR/3111/41386/13/01/2012
      SHCIL SERVICESGirish D PatangeGirish D PatangeR/3111/41389/13/01/2012
      SHCIL SERVICESVidyalaxmi M PaiVidyalaxmi M PaiR/3111/41398/13/01/2012
      SHCIL SERVICESR ShanmugamR ShanmugamR/3111/41504/22/02/2012
      SHCIL SERVICESSamrat SinghSamrat SinghR/3111/41505/22/02/2012
      SHCIL SERVICESAbdul Khadar D ShaikhAbdul Khadar D ShaikhR/3111/41511/22/02/2012
      SHCIL SERVICESRashmiRashmiR/3111/41512/22/02/2012
      SHCIL SERVICESBasalingappa Shiddappa DeshanoorBasalingappa Shiddappa DeshanoorR/3111/41513/22/02/2012
      SHCIL SERVICESRamdas Narayan NayakRamdas Narayan NayakR/3111/41516/29/02/2012
      SHCIL SERVICESRajni SharmaRajni SharmaR/3111/41517/29/02/2012
      SHCIL SERVICESVibha Vinayak NayakVibha Vinayak NayakR/3111/41553/29/02/2012
      SHCIL SERVICESSunita JainSunita JainR/3111/41555/29/02/2012
      SHCIL SERVICESK D Somanadhan NairK D Somanadhan NairR/3111/41582/29/02/2012
      SHCIL SERVICESShri Gopal NawarShri Gopal NawalR/3111/41605/13/03/2012
      SHCIL SERVICESRenal Alex DsouzaRenal Alex DsouzaR/3111/41607/13/03/2012
      SHCIL SERVICESS ChandramowleeswaranS ChandramowleeswaranR/3111/41769/13/04/2012
      SHCIL SERVICESMudita JainMudita JainR/3111/41826/10/05/2012
      SHCIL SERVICESSheik FathimaSheik FathimaR/3111/41827/10/05/2012
      SHCIL SERVICESBhawana KumariBhawana KumariR/3111/41853/25/05/2012
      SHCIL SERVICESJosyula Venkata Rama RaoJosyula Venkata Rama RaoR/3111/41861/31/05/2012
      SHCIL SERVICESKarun Kumar SrivastavaKarun Kumar SrivastavaR/3111/41867/31/05/2012
      SHCIL SERVICESG Geetha ShreeG Geetha ShreeR/3111/41886/11/06/2012
      SHCIL SERVICESEshan InvestmentEshan InvestmentR/3111/41887/15/06/2012
      SHCIL SERVICESY PinakapaniY PinakapaniR/3111/41913/29/06/2012
      SHCIL SERVICESAnkur SethiAnkur SethiR/3111/42028/14/09/2012
      SHCIL SERVICESJuri Saikia KhaundJuri Saikia KhaundR/3111/42071/12/10/2012
      SHCIL SERVICESPadma MahadevanPadma MahadevanR/3111/42085/19/10/2012
      SHCIL SERVICESRajesh Kumar DasRajesh Kumar DasR/3111/42095/31/10/2012
      SHCIL SERVICESMahendra Kumar SharmaMahendra Kumar SharmaR/3111/42136/09/11/2012