Capital Market Intermediaries
Broker Dealers
Broker dealers, investment advisers, bankers, custodians and more
About this entity type
A very brief overview
Capital market intermediaries are the licensed participants of the IFSC securities market — broker dealers, clearing members, custodians, depository participants, investment advisers, investment bankers, credit rating agencies, research entities, distributors and ESG rating providers. Each activity has its own net-worth requirement, principal-officer qualification and conduct obligations under a single umbrella regulation.
Who it suits: Brokerages, wealth and advisory firms, merchant bankers, research houses and distribution platforms wanting access to IFSC exchanges and global clients.
Applicable regulation
IFSCA (Capital Market Intermediaries) Regulations, 2025
Registration categories, net worth, fit-and-proper criteria, key managerial qualification, conduct of business and reporting for all intermediaries.
Official sourceIFSCA (Market Infrastructure Institutions) Regulations, 2021
Relevant where the intermediary seeks trading or clearing membership of an IFSC exchange or clearing corporation.
Official source
Registered entities
Entities registered under Broker Dealers
104 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| AADISHAKTI GLOBAL IFSC LLP | Broker Dealers | CMI2025BDK083104 Jun 2025 | Perpetual / Not stated |
| Abans Global Broking (IFSC) Private Limited | Broker Dealers | INZ00019863211 Sept 2018 | Perpetual / Not stated |
| ACHINTYA IFSC PRIVATE LIMITED | Broker Dealers | CMI2025BDK081501 May 2025 | Perpetual / Not stated |
| ADROIT FINANCIAL SERVICES (IFSC) PVT. LTD. | Broker Dealers | INZ00015953820 Nov 2017 | Perpetual / Not stated |
| AJMERA X-CHANGE (IFSC) PRIVATE LIMITED | Broker Dealers | INZ00015813831 Oct 2017 | Perpetual / Not stated |
| Amrapali Industries Global IFSC Limited | Broker Dealers | IFSC/BD/2024-25/000730 Aug 2024 | Perpetual / Not stated |
| ANAND RATHI INTERNATIONAL VENTURES (IFSC) PRIVATE LIMITED | Broker Dealers | INZ00029293912 Feb 2020 | Perpetual / Not stated |
| ANGEL ONE LIMITED | Broker Dealers | CMI2026BDK106120 May 2026 | Perpetual / Not stated |
| Appreciate Broking IFSC Private Limited | Broker Dealers | IFSCA/BD/2022-23/000426 May 2022 | Perpetual / Not stated |
| ARCI CAPITAL IFSC LLP | Broker Dealers | CMI2026BDK105311 May 2026 | Perpetual / Not stated |
| Arham Global Trade (IFSC) Private Limited | Broker Dealers | CMI2026BDK106426 May 2026 | Perpetual / Not stated |
| ARIHANT CAPITAL (IFSC) LIMITED | Broker Dealers | INZ00015753925 Sept 2017 | Perpetual / Not stated |
| ASHIKA STOCK BROKING IFSC PRIVATE LIMITED | Broker Dealers | INZ00009963015 Jan 2017 | Perpetual / Not stated |
| AWM BROKING (IFSC) PRIVATE LIMITED | Broker Dealers | CMI2025BDK085617 Jul 2025 | Perpetual / Not stated |
| Axis Bank Limited - IBU | Broker Dealers | IFSC/BD/2022-23/000524 Jun 2022 | Perpetual / Not stated |
Timeline & approach
How we take Broker Dealers from plan to authorisation
Step 1
Eligibility & structure
Week 1
We map your activity to the right IFSCA category and sub-category, confirm net worth, KMP and shareholding eligibility, and fix the holding structure.
Step 2
SEZ unit approval
Weeks 2–4
Unit application to the Development Commissioner, Letter of Approval, office space lease and NDC/customs registrations.
Step 3
IFSCA application
Weeks 3–8
Application, business plan, policies (AML/CFT, risk, outsourcing, cyber), KMP profiles and query resolution until in-principle approval.
Step 4
Go-live & compliance calendar
Weeks 8–14
Bank account, systems, statutory registrations, commencement intimation and handover to a live obligation calendar in your Gateway portal.
Indicative cost
USD 6,000 – 18,000 depending on activity
Broker dealer and clearing member mandates sit at the upper end; adviser and research entity registrations at the lower end.
Why GIFT City Gateway
Why sponsors pick us for this
Category specialists
We work only on GIFT IFSC mandates — the regulation, the reviewer questions and the SEZ process are our daily work.
One accountable owner
A named Gateway lead runs your application end to end, not a rotating coordinator queue.
Live intelligence
We track every authorised entity in this category, so your structure is benchmarked against real precedents.
Setup to steady state
Registration hands over into a live compliance calendar in your client portal — no gap after go-live.
Next step
Tell us what you need for Broker Dealers
Share your plan and we respond with the eligibility read, the document list, the indicative timeline and a fee.
- • Eligibility and net-worth check against the applicable regulation
- • Structure options (branch vs subsidiary, holding jurisdiction)
- • Week-by-week plan across SEZ and IFSCA
- • Fixed-fee proposal with the compliance calendar that follows
Lead details