The company is a member of The National Stock Exchange, India (NSE) & The Bombay Stock Exchange of India (BSE), the premier stock exchanges of India.
The Company was incorporated in July 1993 and today we are one of the foremost broking entities catering specifically to the Indian Financial Institutions, Foreign Institutional Investors, Banks and a large number of retail investors. Put together we effectively provide value-based services to all our investors.
The strength of Mukesh Brokerage & Financial (India) Ltd. is its expertise in sharing of research in equities.
Mukesh Brokerage & Financial (India) Ltd. has been a member of The National Stock Exchange, India since 1993.
Over the years, the company has performed exceedingly well which is reflected by the leap in the turnover figures.
Since 1993
At present Directors are Shri. Pankaj J. Shah (B. com),
Shri. Jitendra J. Shah (B. Sc.) & Shri Tejas Shroff
Mr. Pankaj Jayantilal Shah, a successful businessman residing at 4-43, Jaldarshan, opp. Priyadarshini Park, Nepean Sea Road, Mumbai – 400 036. He is B.Com and the Chairman & Mg. Director of Mukesh Brokerage & Financial (I) Ltd. a SEBI registered Share & stock Broking firm, Member of The National Stock Exchange of India. Previously promoters of “Sovereign Securities Ltd.” (H. J. Choksi). He is having 21 years experience of Share & Stock Broking.
Mr. Jitendra Jayantilal Shah, is B.Sc. from University of Bombay in 1971, a successful businessman residing at 9,Park View, 12, Little Gibbs Road, Malabar Hill, Mumbai – 400 006.He aged 59 Date of Birth 07/07/1950 the Director of Mukesh Brokerage & Financial (I) Ltd. a SEBI registered Share & stock Broking firm, Member of The National Stock Exchange of India.
Previously promoters of Sovereign Securities Ltd (H.J. Choksi). He is having more then 23 years experience of Share & Stock Broking.
We do our trades using NEAT PLUS
All the reports and alerts are to the clients on their e-mails on a regular basis.
00600340007679
RTGS/NEFT IFSC : HDFC0000060
Mukesh Brokerage & Financial (I) Ltd.- USCNBA Account
When clients encounter issues or concerns with our services, it’s important to have a clear and efficient procedure for filing complaints and tracking their progress. Here’s a detailed write- up outlining the procedure, along with a flowchart for visual reference:
Step 1: Initiating the Complaint
Clients initiate the complaint resolution process by sending an email to us on our designated email address mbfil@rediffmail.com for complaints. This email address is specifically established to handle and address client grievances.
Step 2: Providing Relevant Information
In the email, clients should provide essential details:
Full name, contact information, and UCC code AND/OR DEMAT account details.
A clear and concise description of the complaint, including relevant dates and transaction details.
Any supporting documents or evidence that can help in understanding the issue.
Step 3: Acknowledgment
Upon receiving the complaint email, we send an acknowledgment email to the client, confirming the receipt of the complaint. This acknowledgment provides the client with a reference number for future communication.
Step 4: Initial Review and Assigning
The complaint is then reviewed by the relevant department within the organization. Based on the nature of the complaint, it is assigned to the appropriate personnel for investigation.
Step 5: Investigation and Response
The assigned team investigates the complaint thoroughly, gathering all necessary information, records, and documents. They analyze the client’s concerns in relation to our policies and practices.
Step 6: Providing Resolution
After a comprehensive analysis, they prepares a detailed response addressing the client’s complaint. This response is sent to the client’s email address.
Step 7: Amicable Resolution Attempted
If the client finds the resolution satisfactory, the complaint is considered resolved. The broker and client work together to ensure that the solution aligns with the client’s expectations.
Step 8: Unsatisfactory Resolution
If the client remains unsatisfied with the broker’s resolution, or if the issue is not fully addressed, the client may choose to escalate the complaint further.
Step 9: Providing Escalation Details
The client is provided with information about the escalation process. This includes instructions on how to escalate the complaint to a higher authority.
Step 10: Further Escalation
If the client decides to proceed with escalation, they follow the designated process to raise the complaint to a higher level within the organization.
Attention Investors
Stock Broker Name: Mukesh Brokerage & Financial (I) Ltd.
Registration Number: INZ000268232
Registered Address: 102/C, Mittal Tower, 210, Nariman Point, Mumbai – 400021.
Branch Address (if any): N.A.
Contact Number: 022-66691600
Email id: mbfl@rediffmail.com
Details of Customer care:
Contact Person: Vijay Salvi
Address: 102/C, Mittal Tower, 210, Nariman Point, Mumbai – 400021.
Contact No: 9867864266
Email Id: mbfl@rediffmail.com
Details of Head of Customer care:
Contact Person: Ameet Pawskar
Address: 102/C, Mittal Tower, 210, Nariman Point, Mumbai – 400021.
Contact No: 9892792285
Email Id: mbfl@rediffmail.com
Details of Compliance Officer:
Contact Person: Jayesh Shah
Address: 102/C, Mittal Tower, 210, Nariman Point, Mumbai – 400021.
Contact No: 9324571240
Email Id: jayesh@mbfil.com
Name of the Individual: Sharad Doshi
Designation: Accounts
Mobile Number: 8169610354
Email Id: sharad@mbfil.com
Name of the Individual: Vijay Varma
Designation: Back office operation
Mobile Number: 9967779638
Email Id: vijay@mbfil.com
Name of the Individual: Jayesh Shah
Designation: Compliance officer
Mobile Number: 9324571240
Email Id: jayesh@mbfil.com
Investors are requested to note that Stock Broker (Mukesh Brokerage & Financial (I) LTD.) is permitted to receive money from investor through designated bank accounts only named as Up streaming Client Nodal Bank Account (USCNBA). Stock Broker (Mukesh Brokerage & Financial (I) LTD.) is also required to disclose the USCNB accounts to Stock Exchange. Hence, you are requested to use following USCNB accounts only for the purpose of dealings in your trading account with us. The details of these USCNB accounts are also displayed by Stock Exchanges on their website under “Know/Locate your Stock Broker.”
Accordingly, the provision of Exchage Circular NSE/INSP/55402 dated January 27, 2023 shall stabd modified to this extent with effect from September 1, 2023.
The company is a member of The National Stock Exchange, India (NSE) & The Bombay Stock Exchange of India (BSE), the premier stock exchanges of India
FILING COMPLAINT ON SCORES – EASY AND QUICK
a. Register on SCORES portal
b. Mandatory details for filing complaints on SCORES
i. Name, PAN, Address, Mobile, Number, E-mail ID
c. Benefits:
i. Effective communication
ii. Speedy redressal of the grievances
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1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
2. Update your mobile number & email Id with your stock broker / depository participant and receive OTP directly from depository on your email id and / or mobile number to create pledge.
3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
5. Check your Securities / MF / Bonds in the consolidated account statement issued by NSDL / CDSL every month.
Risk disclosure in the Equity Futures & Options segment aims to inform individual traders about the inherent risks involved in trading these derivative instruments. By disclosing these risks, regulatory bodies such as SEBI seek to ensure that traders are fully aware of the nature of these instruments and the challenges they pose.
● 9 out of 10 individual traders in the Equity Futures and Options Segment, incurred net losses.
● On average, loss makers registered net trading losses close to ₹ 50,000.
● Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
● Those making net trading profits, incurred between 15% to 50% of such profits as transaction costs.
Source: SEBI Circular