KIFS Securities Private Limited

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KIFS Securities Private Limited is a stock broking house headquartered in Ahmedabad, in the Indian state Gujarat. KIFS SECURITIES PVT. LTD. is the flag-ship company of KIFS Group. KIFS was founded by the Khandwala Brothers and started its operations in capital markets in 1987. The broking operations were started under corporate license in 1995. [1]Currently, KIFS is engaged in equity broking, arbitrage trading, depository operations and distribution of financial products.[2]


The KIFS Group has been promoted by the Khandwala Family with a vision “to become a leading financial services conglomerate”. By March 2014 KIFS had more than 1 Lakh DP Clients and more than 70,000 trading customers.[3]

Rajesh P. Khandwala – CMD – currently controls key strategic aspects of the business and major day-to-day decisions and is based at Ahmedabad. Vimal P. Khandwala looks after KIFS’ arbitrage operations and is based in Mumbai.

The other 2 directors of the company are Gaurang H. Dalal and Kartik S. Mehta.


1987: Inception of Khandwala group with registration in Ahmedabad Stock Exchange (Asia’s second oldest stock exchange)

1995-96: Registration as member in BSE and NSE

2000: Registration of membership with NSDL for DP services

2007-08: Reached a milestone of 294 Subbrokers and Associates (677 by 2014). Host of other services started, like PMS, Merchant Banking, Currency derivatives

2015: Launch of proprietary online trading platform - KIFS Trade Capital.

Branches and franchise

KIFS has branches in 12 cities including Head Office at Ahmedabad[4], Corp. Office at Mumbai and other branches at Baroda, Surat, Rajkot, Jaipur, Jodhpur, Hyderabad, Calcutta etc. and screen presence in more than 1900 centres. Currently, the Group is engaged in various capital market related operations: equity broking, commodity broking, arbitrage trading, investment activities, margin funding and distribution of financial products. All the group companies are held 100%, directly or indirectly by the promoters. As of January 2015 KIFS has over 160 employees.


KIFS Commodity Pvt. Ltd.

KIFS Commodity Pvt. Ltd., 100% subsidiary of KIFS Securities Pvt. Ltd. offers commodity brokerage services to its customers.[5] It is a registered Trading-cum-Clearing member of Multi Commodity Exchange of India Ltd. (MCX), ACE and National Commodity and Derivatives Exchange Ltd (NCDEX).[6]

KIFS Trade Capital

KIFS Trade Capital is an online trading initiative from KIFS Securities Pvt. Ltd.


KIFS was awarded as best performing in accounts growth rates by NSDL in 2013.[7]

See also