Karvy Stock Broking

Karvy Stock Broking is a prominent financial services firm specializing in stock broking, wealth management, and investment advisory services, primarily catering to individual and institutional investors in India. Founded in 1990, Karvy Stock Broking operates out of Hyderabad, India, offering a range of financial services including stock brokerage and investment advisory. The firm recently raised USD 127. 00 mn in a GROWTH funding round from investors BPEA EQT and ICICI Venture, totaling USD 127.

00 mn in funding since inception. The leadership includes CEO Rajiv Singh and Amitabh Chaturvedi, who have guided the firm through a strategic focus on expanding its service offerings. Karvy Stock Broking provides a comprehensive suite of financial services including stock brokerage, wealth management, and investment advisory. The firm caters to both retail and institutional investors, facilitating access to equity, derivatives, and mutual funds, while focusing on personalized investment strategies to meet diverse client needs.

In the most recent financial year of 2019, Karvy Stock Broking reported revenues of USD 277. 13 mn, with an EBITDA of USD 56. 92 mn, reflecting its operational performance in the financial services sector. Karvy Stock Broking aims to enhance its service portfolio by launching new investment products designed for a broader client base, with plans for rollout by the end of 2024.

Additionally, the company is targeting expansion into key markets across Southeast Asia and the Middle East, focusing on establishing a presence by 2025. The recent funding will be strategically utilized to support these expansion initiatives and product developments as the firm seeks to strengthen its market position.