Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank

Kotak Mahindra Bank

The Kotak Mahindra Bank is a financial organization established in 1985 in India. It was previously known as Kotak Mahindra Finance Limited, a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd, the group's flagship company was given the license to carry on banking...

, is the stock broking and distribution arm of the Kotak Mahindra Group

Kotak Mahindra Group

The Kotak Mahindra Group is the parent company of the Kotak Mahindra Bank. It is a financial services company based in India with interests in the banking credit card, insurance, consumer finance, stock brokerages, and investment funds sector....

. One of the oldest broking houses in India

India

India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...

, its operations include stock broking and distribution of various financial products. It is a corporate member of both the Bombay Stock Exchange

Bombay Stock Exchange

The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...

 and the National Stock Exchange of India

National Stock Exchange of India

The National Stock Exchange is a stock exchange located at Mumbai, Maharashtra, India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading. NSE has a market capitalization...

. Kotak Securities was founded in 1994 and is headquartered in Mumbai

Mumbai

Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...

, India.

Corporate affairs

As of June 30, 2010, Kotak Securities has Rs. 2250 crore of "assets under management" (AUM).
The company also has a research division involved in macroeconomic studies, sectoral research and company-specific equity research, which regularly publishes stock market analysis.

Milestones

• 1995: The brokerage and distribution businesses of Kotak Mahindra Bank are incorporated into a separate company named Kotak Securities.
• 2000: Kotak Securities launches its online broking site (wwww.kotaksecurities.com). Also, the company commences private equity activity by setting up Kotak Mahindra Venture Capital Fund.
• 2006: Kotak Securities Launches Kotak Flat
• 2007: Kotak lines up PMS based on small caps
• 2008: Kotak Securities launches a GEMS portfolio.
• 2009: Kotak Securities launches online trading in currency derivatives

Awards and accolades

• Voted as Best Local Cash Manager
• Awarded Best Brokerage Firm in India by Asiamoney three times in a row from 2006 to 2008
• Named Best Performing Equity Broker in India in the CNBC Financial Advisor Awards 2008
• Won the Avaya Customer Responsiveness in the Financial Services Sector Award consecutively in 2006 and 2007
• Named the Leading Equity House in India in Thomson Extel Surveys Awards, 2007
• Won the Euromoney Award in 2005 for Best Equities House in India and in 2006 and 2007 for Best Provider of Portfolio Management: Equities
• Won the Finance Asia Award in 2004 for India’s Best Equity House and in 2005 for Best Broker in India
• Won the Prime Ranking Award (2003–04) for largest distributor of IPOs
• Best Broker in India by FinanceAsia for 2010 & 2009
• UTI MF – CNBC TV18 Financial Advisor Awards - Best Performing Equity Broker (National) for the year 2009
• Best Brokerage Firm in India by Asia0money in 2009, 2008, 2007 & 2006
• Best Performing Equity Broker in India – CNBC Financial Advisor Awards 2008
• Avaya Customer Responsiveness Awards (2007 & 2006) in Financial Services Sector
• The Leading Equity House in India in Thomson Extel Surveys Awards for the year 2007
• Euromoney Award (2007 & 2006) - Best Provider of Portfolio Management: Equities
• Euromoney Award (2005)-Best Equities House In India
• Finance Asia Award (2004)- India's best Equity House