About Us

We believe in keeping our belief simple

Established in February 1993, Khandwala Securities Limited (KSL) has evolved into a distinguished investment boutique specializing in merchant banking services. Serving a diverse clientele including corporates, institutions, high-net-worth individuals, and retail investors, we bring extensive expertise in market intermediation and transaction execution. Committed to innovation while upholding traditional values, KSL employs cutting-edge techniques to ensure clients align with market best practices.

Our foundation is built on enduring relationships, exceptional performance, and unwavering trust, cultivated over decades of service since 1934. Backed by a robust research team, we offer independent, unbiased, and balanced insights to address the unique needs and goals of each client. Recognizing the diversity of our clients, we provide comprehensive and tailored solutions to support their specific objectives.

At KSL, we acknowledge and honor the individuality of each client’s needs and aspirations. With a robust research team offering impartial and thorough analysis, we craft strategies that align precisely with your objectives. Under the stewardship of our dynamic and seasoned management, our core focus lies in delivering top-notch investment advisory, portfolio management, and strategic research services. Rest assured, our highly qualified professionals are empowered to provide tailored guidance tailored to your unique requirements.


Vision & Mission


Be a Globally Competitive and Successful, Cross Segment Focused, Financial Services Group.


“To provide unique solutions to meet client-specific needs, given time and resource parameters”

It has always been our vision and objective to build an organisation that can be proud of its achievements and contribution as well as continue to build value for all its stakeholders in a consistent, yet conservative manner.

The cornerstones of our service offerings to our customers – “patience” and “discipline” are something that we strive to carry out in our business operations as well as to protect and maximise the stakeholder value. We are confident that with our proven expertise and skill sets, the Group would have charted and moved forward on its ambitious plans of building a globally competitive, financial service business conglomerate, in the years to come.



Mr. Pranav Khandwala

Whole Time Director & CFO

Pranav Khandwala stands out as a seasoned corporate and business communications leader, demonstrating proficiency in client
management, financial reporting, comprehensive company coverage, and adept media interactions. His expertise extends to a nu
anced understanding of domestic and international financial markets, encompassing macroeconomic factors, capital market trends,
and investor sentiments. With a designated expertise of 17 years, Pranav has cultivated robust relationships with internal and external
stakeholders, forging connections with both domestic and foreign financial institutions, investors, and research analysts

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Contact Us
Khandwala Securities Ltd
Head Office
Vikas Building, Ground Floor, Green Street, Fort, Mumbai – 400023, India.


Pune Office
C-8/9, Dr. Herekar Park, fgNear Kamla Nehru Park, Off Bhandatrkar Road, Pune-411004. 020-66220300

Khandwala Securities Limited : Registered and Correspondence Office Address: G7, Vikas Building, Ground Floor, Green Street, Fort, Mumbai – 400023. Tel: 91-22-40767373; Fax: 91-22-40767377; Website: www.kslindia.com; Khandwala Securities Ltd.: CIN: L67120MH1993PLC070709; BSE (Cash): INZ000176837 / NSE (Cash, WDM and F&O): INZ000176837; CDSL Regn. No.: IN–DP–55–2015 / Portfolio Manager Reg.No: INP000000340 / Research Analyst Reg No: INH000015206 / Merchant Banker (Category I) Regn. No.: INM000001899 / IRDA : 1144971 / AMFI ARN: 1673. Compliance Office: Mr. Abhishek Joshi, Tel: (022) 4076 7373 Email: abhishek.joshi@kslindia.com
Attention InvestorsInvestor Awareness the revised guidelines on Margin Collection
Copyright © 2012-2021, Khandwala Securities Limited MAPIN UIN100012369, BSE (Cash): INZ000176837 / NSE (Cash, WDM and F&O): INZ000176837/ CDSL Regn. No.: IN–DP–55–2015 / PMS Regn.No: INP000000340, Merchant Banker (Category I) Regn. No.: INM000001899 / IRDA : 1144971 / AMFI ARN: 1673.
For Investor Grievance please mail to: :investorgrievances@kslindia.com
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Investor Awareness

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 BSE notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and NSE circular no. NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 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.

Attention Investors

Prevent Unauthorized Transactions in your trading and/or demat account – Update your
Mobile Number and / or email IDs with your Stock Broker and / or Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day / information of your transactions directly from Exchange on your mobile/email at the end of the day………………….issued in the interest of investors.

“KYC is one time exercise while dealing in securities markets – once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.”

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.”