Founded as part of the Karvy Group in 1983, Karvy Stock Broking Limited (KSBL) grew to become one of India's largest retail stockbroking firms. The company offered a wide range of financial services, including equity trading, depository participant services, and distribution of other financial products to millions of retail investors. However, in 2019, the company was embroiled in a major scandal involving the illegal pledging of client securities, leading to its ban by the regulator SEBI, its expulsion from stock exchanges, and the eventual shutdown of its broking operations.

Founded in

India