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 Model Sub Broker
Revenue Sharing 60% – 80%
Security Deposit Rs.50,000 – Rs.200,000
Become Sub Broker in 30 Days
Receive Payout in 35 Days
Established Year 1995

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:

Experience 2.6/5
Services 2.2/5
Products 2.3/5
Trading Platforms 2.5/5
Support 2.2/5
Revenue Sharing Model 2.4/5
Security Deposit 2.2/5
Offers 2.3/5
Market Share 2.1/5
Overall Ratings 2.3/5
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 Type Public
Broker type Full Service Broker
Headquarters Guntur, A.P
Established Year 1995
SB Code Activation Time 30 Days
Payout Time 35 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 Franchise No
    Sub Broker Yes
    Remisier Yes
    Referral Program No

    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 Franchise NA
    Sub Broker 60% – 80%
    Remisier 20%
    Referral Program NA

    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.

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    SHCIL Services Franchise Cost / Security Deposit

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

    Master Franchise NA
    Sub Broker Rs.50,000 – Rs.200,000
    Remisier Rs.20,000
    Referral Program NA

    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.

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    SHCIL Services Partner Infrastructure Requirement

    Check the table to know SHCIL Services Partner Infrastructure Requirement:

    Office Area Not Mandatory
    Employee Strength Not Mandatory
    Research Services Yes
    Internet Connection No
    Trading Terminals No
    Telephone Lines Yes

    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 Deposit Yes
    10k Initial Deposit No
    Flexible Revenue Sharing Yes
    Flat Revenue Sharing No
    Zero Revenue Sharing with Prepaid No

    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

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    SHCIL Services Franchise Support

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

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

    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 Delivery 0.1% – 0.2%
    Equity Intraday 0.01% – 0.02%
    Equity Futures 0.01% – 0.02%
    Equity Options Rs.10 – Rs.20 per Lot
    Currency Futures 0.01% – 0.02%
    Currency Options Rs.10 – Rs.20 per Lot
    Commodity NA

    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 AMC Rs.229 per Annum
    Trading AMC Free
    Account Opening Charges Rs.399
    Transaction Charges 0.00269%
    Margin Money Minimum 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 List Remisiers Name Trade Name Remisiers Registration No.
      SHCIL SERVICES North-East Securities North-East Securities R/3111/09950/17/03/2006
      SHCIL SERVICES Rahul Tandon Rahul Tandon R/3111/14326/31/03/2007
      SHCIL SERVICES Sneha Kumari Sneha Kumari R/3111/14436/12/04/2007
      SHCIL SERVICES Sandesh V Kini Y Sandesh V Kini Y R/3111/14723/03/05/2007
      SHCIL SERVICES Sunita Jha Sunita Jha R/3111/15220/01/06/2007
      SHCIL SERVICES Sushma Singh Sushma Singh R/3111/15408/15/06/2007
      SHCIL SERVICES Sawant Sunil Vishnu Sawant Sunil Vishnu R/3111/15798/06/07/2007
      SHCIL SERVICES Investment Counsellor Investment Counsellor R/3111/15808/06/07/2007
      SHCIL SERVICES Santosh Kumar Santosh Kumar R/3111/15821/11/07/2007
      SHCIL SERVICES V. Balachandrasekaran V. Balachandrasekaran R/3111/16070/24/07/2007
      SHCIL SERVICES Hosmar Sudarshan Shenoy Hosmar Sudarshan Shenoy R/3111/17095/09/10/2007
      SHCIL SERVICES Ravi Valsangkar Ravi Valsangkar R/3111/41230/31/10/2011
      SHCIL SERVICES Shivakumar Keshav Prabhushikar Shivakumar Keshav Prabhushikar R/3111/41365/23/12/2011
      SHCIL SERVICES Gautam Madhukar Haldipur Gautam Madhukar Haldipur R/3111/41386/13/01/2012
      SHCIL SERVICES Girish D Patange Girish D Patange R/3111/41389/13/01/2012
      SHCIL SERVICES Vidyalaxmi M Pai Vidyalaxmi M Pai R/3111/41398/13/01/2012
      SHCIL SERVICES R Shanmugam R Shanmugam R/3111/41504/22/02/2012
      SHCIL SERVICES Samrat Singh Samrat Singh R/3111/41505/22/02/2012
      SHCIL SERVICES Abdul Khadar D Shaikh Abdul Khadar D Shaikh R/3111/41511/22/02/2012
      SHCIL SERVICES Rashmi Rashmi R/3111/41512/22/02/2012
      SHCIL SERVICES Basalingappa Shiddappa Deshanoor Basalingappa Shiddappa Deshanoor R/3111/41513/22/02/2012
      SHCIL SERVICES Ramdas Narayan Nayak Ramdas Narayan Nayak R/3111/41516/29/02/2012
      SHCIL SERVICES Rajni Sharma Rajni Sharma R/3111/41517/29/02/2012
      SHCIL SERVICES Vibha Vinayak Nayak Vibha Vinayak Nayak R/3111/41553/29/02/2012
      SHCIL SERVICES Sunita Jain Sunita Jain R/3111/41555/29/02/2012
      SHCIL SERVICES K D Somanadhan Nair K D Somanadhan Nair R/3111/41582/29/02/2012
      SHCIL SERVICES Shri Gopal Nawar Shri Gopal Nawal R/3111/41605/13/03/2012
      SHCIL SERVICES Renal Alex Dsouza Renal Alex Dsouza R/3111/41607/13/03/2012
      SHCIL SERVICES S Chandramowleeswaran S Chandramowleeswaran R/3111/41769/13/04/2012
      SHCIL SERVICES Mudita Jain Mudita Jain R/3111/41826/10/05/2012
      SHCIL SERVICES Sheik Fathima Sheik Fathima R/3111/41827/10/05/2012
      SHCIL SERVICES Bhawana Kumari Bhawana Kumari R/3111/41853/25/05/2012
      SHCIL SERVICES Josyula Venkata Rama Rao Josyula Venkata Rama Rao R/3111/41861/31/05/2012
      SHCIL SERVICES Karun Kumar Srivastava Karun Kumar Srivastava R/3111/41867/31/05/2012
      SHCIL SERVICES G Geetha Shree G Geetha Shree R/3111/41886/11/06/2012
      SHCIL SERVICES Eshan Investment Eshan Investment R/3111/41887/15/06/2012
      SHCIL SERVICES Y Pinakapani Y Pinakapani R/3111/41913/29/06/2012
      SHCIL SERVICES Ankur Sethi Ankur Sethi R/3111/42028/14/09/2012
      SHCIL SERVICES Juri Saikia Khaund Juri Saikia Khaund R/3111/42071/12/10/2012
      SHCIL SERVICES Padma Mahadevan Padma Mahadevan R/3111/42085/19/10/2012
      SHCIL SERVICES Rajesh Kumar Das Rajesh Kumar Das R/3111/42095/31/10/2012
      SHCIL SERVICES Mahendra Kumar Sharma Mahendra Kumar Sharma R/3111/42136/09/11/2012