RKSV
RKSV
Type | Private |
|---|---|
| Industry | Online Stock Broker |
| Founder |
|
| Headquarters | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013, Mumbai, Maharashtra ,India |
| Products | Stocks, Options, Futures, Commodities, Currencies, Open Demat Account [10] , Mutual Funds |
Number of employees | 900 (JUNE 2019) |
| Website | www.upstox.com [11] |
RKSV is an India-based discount brokerage company headquartered in Mumbai, India that holds memberships with the NSE, BSE, MCX, and MCX-SX. The company allows retail investors and institutional corporations in India the ability to invest in stocks, futures, options, currencies and commodities at lower rates compared to traditional full-service brokers.[1][2][3]
Investor's can place their orders using an electronic trading platform or by phone.[4] Transactions related to the commodity exchanges are handled by a sister company RKSV Commodities India Pvt. Ltd. which is fully owned by RKSV Securities India Pvt. Ltd. Collectively, it is referred to as just RKSV.
Type | Private |
|---|---|
| Industry | Online Stock Broker |
| Founder |
|
| Headquarters | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013, Mumbai, Maharashtra ,India |
| Products | Stocks, Options, Futures, Commodities, Currencies, Open Demat Account [10] , Mutual Funds |
Number of employees | 900 (JUNE 2019) |
| Website | www.upstox.com [11] |
History
RKSV was formed in 2009 by three cofounders: Raghu Kumar, Ravi Kumar and Shrinivas Viswanath.[5] Prior to being RKSV founders, the first two of the three co-founders, Ravi and Raghu, are brothers, ran their own proprietary trading fund in the US before moving to India. And for the next three years the company only did proprietary trading.[1]
In 2011-12, RKSV opened up to general public by entering into retail brokering, and launched online-only unlimited trading plan that allowed retail traders to cut down considerably on their brokerage costs.[1][4][6] This was soon followed by a blanket-brokerage package that allowed their customers to trade without limit for Rs. 1947 per month. Apart from introducing a flat-fee pay-as you-go trading, they launched many new brokerage plans over the time, including 5 free trades per month in 2014 that supposedly was intended to increase the investor participation.[7]. RKSV renamed as Upstox [8]. RKSV raises a Series A round with Kalaari Capital , Ratan Tata , & GVK Davix [9].
Trade Academy
Trade Academy is the educational arm of RKSV. Trade Academy is an educational portal founded with a goal to educate people in the field of equity & derivatives markets.
Upstox
Upstox [12] is a trading platform from RKSV. The suite of products includes native mobile applications, web trading platform, and a desktop trading platform.[1] [13] It offers features such as charting indicators, margin trading, margin against shares, and zero brokerage trades on Equity stocks for delivery.