Karvy Commodities and Currencies

Karvy Commodities and Currencies was the commodities and currency broking arm of the Karvy Group, a prominent Indian financial services conglomerate. It was a trading and clearing member of major Indian exchanges like the MCX, NCDEX, NSE, and BSE, offering retail and institutional clients the ability to trade in futures and options for a wide range of commodities and currency pairs. The company's operations, along with the entire Karvy Stock Broking business, were abruptly halted in late 2019 and officially shuttered in 2020 after Indian regulators uncovered a large-scale fraud where the parent company illegally pledged client securities to fund its own business ventures.