Mukesh Brokerage & Financial (India) Ltd.

Mukesh Brokerage & Financial (India) Ltd.

Corporate Profile

 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.

History

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.

Mukesh Brokerage & Financial (India) Ltd.

Since 1993

The Management

Directors & Promoters

At present Directors are Shri. Pankaj J. Shah  (B. com),

Shri. Jitendra J. Shah (B. Sc.)  &  Shri Tejas Shroff

Mr. Pankaj J. Shah

Directors & Promoters

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 J. Shah

Directors & Promoters

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.

Team

Tejas Shroff

B.com. (DIRECTOR)

Institutional Desk -FPI

Having Share market experience above 10 years handling FPI (FII’s).

Mahendra D. Shinde

Dealer

Institutional Desk -DII

Having Share market experience above 20 years handling DII’s.

Means of Communication and Trading

NEAT PLUS

We do our trades using NEAT PLUS

E-Mails

All the reports and alerts are to the clients on their e-mails on a regular basis.

Services

Stock Broking & Trading

Derivatives Trading

Technical analysis

MUKESH BROKERAGE & FINANCIAL (I) LTD. UPSTREAM BANK ACCOUNT DETAILS

Account No.

00600340007679

RTGS/NEFT IFSC : HDFC0000060

Nomenclature of Bank Account

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

  • Beware of fixed / guaranteed / regular returns / capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed / guaranteed / regular returns / capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement / agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: https://www.nseindia.com/invest/about-defaulter-section
  • Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin / collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
  • Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker / Exchange if you are not receiving the messages from Exchange / Depositories regularly.
  • Don’t ignore any emails / SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes / Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange / Depositories forthwith.
  • Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
  • Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

Mandatory display of stock Broker

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

CIRCULAR NSE/INSP/55402

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.

Contact Us

Get In Touch

 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

Address:

102/C, Mittal Tower, 210, Nariman Point, Mumbai – 400 021.

Contact Deatils

Tel: 022-66691600

Write an email

mbfl@rediffmail.com

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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Attention Investors


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.

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Issued in the interest of Investors

Risk disclosures on derivatives


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