ICICI Securities
Indian financial services company
From Wikipedia, the free encyclopedia
ICICI Securities Limited is an Indian financial services company headquartered in Mumbai, Maharashtra. It is a subsidiary of ICICI Bank and operates in the areas of investment banking, retail and institutional broking, and wealth management.[2][3]
| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 1995 |
| Headquarters | Mumbai, Maharashtra, India |
Area served | India and international markets |
Key people | T.K. Srirang (MD & CEO)[1] |
| Products | Securities brokerage, Financial product distribution, Wealth management, Investment banking services |
| Parent | ICICI Bank Limited |
| Website | icicisecurities.com |
History
ICICI Securities was incorporated on March 9, 1995, as ICICI Brokerage Services Limited, a wholly owned subsidiary of ICICI Bank.[4]
In 2000, the company launched ICICI Direct, an online trading platform, a key part of its retail brokerage business. Over the following years, it expanded into derivatives and commodity trading, insurance distribution, and private wealth management.[5]
In 2007, the company was renamed ICICI Securities Limited.[4] It also began offering overseas services and global investment options through digital infrastructure.[6]
On June 29, 2023, ICICI Bank's board and SEBI approved a proposal to delist the company through a share swap arrangement, as part of a strategic restructuring to consolidate operations.[7]
Financial performance
For the financial year ended March 2025, ICICI Securities reported a net profit of ₹1,941.45 crore.[8]
