B.N.Rathi Securities Ltd is in the business of securities broking and deals in depository operations and institutional equities. The company is a National Stock Exchange of India Limited (NSE) corporate member in the capital market, futures and options, and currency derivative segments. It is also a corporate member of the Bombay Stock Exchange (BSE) in the Capital Market Segment, Multi Commodity Exchange, and the company is a Depository Participant (DP) on CDSL. The company was incorporated in 1985 as Lark Leasing Limited. It was listed on stock exchanges in 1986. In 1995, the company’s name was changed to B.N.Rathi Securities Ltd, and a fresh certificate of incorporation was issued. In 2009, the company’s registered office was shifted to 6-3-652, IV Floor, Kautilya, Amrutha Estates, Somajiguda, Hyderabad- 500082.

Business Segments

The company earns 100% of its revenue from stockbroking activities. It offers trading and investment opportunities across multiple markets and segments like Equity, F&O, IPOs, Currency and Mutual Funds to investors through its offices across the country. The company is registered with Life Insurance Corporation of India Ltd, UTI, Bank of India and Bank of Maharashtra for secondary market operations like Demat accounts.

Subsidiaries

As of March 31, 2023, the company had no subsidiaries.

Key Personnel 

Shri Laxminiwas Sharma, Chairman Sri Laxminiwas Sharma is the Chairman and a Non-executive Independent Director of the company. He is a founding partner of LnCo and the senior partner of Laxminiwas & Jain, Chartered Accountants. He has rich expertise from over 5 decades, starting in 1973. During 1985-1995, Laxminiwas was elected as the Central Council Member of ICAI and past president of the FTAPCCI and AP Tax Bar Association. In addition, he is also a director of Babuji Estates Private Limited and NSL Textiles Limited. Shri K. Harish Chandra Prasad, Director Sri Harishchandra Prasad is a Non-executive Independent Director of the company. He joined the Board of the company in 1994. He holds an MBA and MS degree. In addition, he is the Managing Director of Lakshmi Finance & Industrial Corporation Limited. He also plays the role of Director in several other public companies.

Corporate Actions

The company has no history of bonus issue, stock splits and other corporate actions.

Management Outlook

• Looking forward, the company is focused on service-based activities. In addition, it believes that its 33 years of management experience in the capital markets and corporate space in India allows it to be competent in the stock market field. Furthermore, it has decided to venture into different businesses through subsidiary investments.
• The growth opportunities for the business revolve around the growing financial services industry’s share of wallets for disposable income and leveraging technology to enable best practices and processes.
• It continues to achieve cost-effectiveness via the use of technology. The company has been fashioning its own responses to business challenges and is optimistic that it can turn them into opportunities which can unlock growth for business in the future.