Company:5paisa
| File:5paisa logo.png 5paisa logo | |
| 5paisa Capital Limited | |
| Type | Public |
| BSE: 540776, NSE: 5PAISA | |
| Industry | Stock broker |
| Founded | 2010 |
| Headquarters | , |
Area served | India |
Key people | Prakarsh Gagdani (Director, CEO) |
Number of employees | 1000 |
| Website | www.5paisa.com |
5paisa capital ltd. (5paisa) is discount broking company based in India . 5paisa is a member of NSE, BSE, MCX, MCX-SX that provides retail broking, currencies and commodities trading, mutual funds, IPO and bonds.[1][2]
5paisa began operations in 2016 as a subsidiary of IIFL Holdings Ltd (formerly India Infoline Limited), a non-banking financial institution in India .[3]
The company's headquarters is located in Mumbai and has a physical presence in several major cities in India . 5paisa is listed on the National Stock Exchange and the Bombay Stock Exchange of India and has been named among the ten largest brokers in India.[4]
Background
5paisa was originally incorporated on July 10, 2010, as a public limited company with the name of Indian Infoline Finance Holding Limited. In August 2015 the company was changed to 5paisa capital limited. In 2016 IIFL holding Board invested $10 million and hived off into a separate entity.[5]
In November 2017, 5paisa started trading on NSE and BSE.[6]
The company released its mobile app and as of 2018, there were over a million users.[7]
In February 2019, the company launched a portfolio analyzer for investors[8][9] and formed a partnership with Smallcase Technologies to allow its users to invest in small cases.[10]
In May 2020, the company launched 5paisa loans, a peer-to-peer lending platform that connects borrowers and lenders.[11]
Business Model
5paisa allows trading facility in equity, derivative, commodities, and currency segments and provides services regarding mutual fund, personal loan and insurance.[12]
It recently rolled out Options X, brokerage plan for options trading, enabling investors and traders to capitalize on market opportunities.[13]
Awards and recognition
2018:
- Won "Best Digital Startup Award" of 2018.[14]
- 5paisa mobile app was recognized as the Best Trading App at the Mobby’s awards[15]
2019:
- Won Best Broking Fintech Product for its mobile app at ABP News -BFSI awards[16]
- Prakarsh Gagdani, CEO of 5paisa, was felicitated as the Fintech Leader of the Year award[16]
References
- ↑ Sultana, Nasrin (16 November 2017). "5Paisa Capital shares hit 5% lower circuit on market debut" (in en). Mint. https://www.livemint.com/Money/b3auRHMAeLnZy78hq8Q98J/5Paisa-Capital-shares-hit-5-lower-circuit-on-stock-market-d.html.
- ↑ "IIFL arm 5Paisa Capital lists at five pct discount". The Financial Express. 17 November 2017. https://www.financialexpress.com/market/iifl-arm-5paisa-capital-lists-at-five-pct-discount/935950/.
- ↑ Mascarenhas, Rajesh (15 November 2017). "5Paisa Capital of IIFL Group will list on November 16". The Economic Times. https://economictimes.indiatimes.com/markets/stocks/news/5paisa-capital-of-iifl-group-will-list-on-november-16/articleshow/61652407.cms?from=mdr.
- ↑ "5Paisa.com becomes 10th largest broker in India". The Economic Times. 26 December 2019. https://economictimes.indiatimes.com/markets/stocks/news/5paisa-com-becomes-10th-largest-broker-in-india/articleshow/72979448.cms.
- ↑ "IIFL Holdings gets nod to demerge 5 Paisa Digital Undertaking". The Indian Express. 1 October 2016. https://indianexpress.com/article/business/companies/iifl-holdings-gets-nod-to-demerge-5-paisa-digital-undertaking-3060010/.
- ↑ "5Paisa Capital lists at Rs 400 on NSE, slips 5% within minutes". The Economic Times. 16 November 2017. https://economictimes.indiatimes.com/markets/stocks/news/5paisa-capital-lists-at-rs-400-on-nse-slips-5-within-minutes/articleshow/61668441.cms?from=mdr.
- ↑ "5paise.com users cross 1 million" (in en). Business Line. 14 May 2018. https://www.thehindubusinessline.com/markets/5paisecom-users-cross-1-million/article23880974.ece.
- ↑ "5Paisa.com introduces unique portfolio analyser for investors". The Economic Times. 17 February 2020. https://economictimes.indiatimes.com/markets/stocks/news/5paisa-com-introduces-unique-portfolio-analyser-for-investors/articleshow/74179232.cms.
- ↑ "5Paisa.com launches unique portfolio analyser for investors". Pragativadi. 21 February 2020. https://pragativadi.com/5paisa-com-launches-unique-portfolio-analyser-for-investors/.
- ↑ Bhakta, Pratik (5 February 2019). "5paisa partners with Smallcase Technologies". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/5paisa-partners-with-smallcase-technologies/articleshow/67853925.cms.
- ↑ "5paisa.com launches peer-to-peer lending platform" (in en). Devdiscourse. 14 May 2020. https://www.devdiscourse.com/article/business/1050490-5paisacom-launches-peer-to-peer-lending-platform.
- ↑ Kothiyal, Kavya (17 July 2018). "5Paisa.com plans to raise ₹103.5 crore via rights issue to enter P2P lending business" (in en). Mint. https://www.livemint.com/Industry/EFfbj1d3ylTttkb5ub2YCK/5Paisacom-plans-to-raise-1035-crore-via-rights-issue-to-e.html.
- ↑ "5paise.com launches new options plan" (in en). Business Line. 17 June 2019. https://www.thehindubusinessline.com/markets/5paisecom-launches-new-options-plan/article28021809.ece.
- ↑ "5paisa wins Best Broking Fintech Product at ABP News -BFSI awards" (in en). India Infoline. https://www.indiainfoline.com/article/news-business/5paisa-wins-best-broking-fintech-product-at-abp-news-bfsi-awards-119121700283_1.html.
- ↑ "Trade the millennial way with India's top broking Apps" (in en). Deccan Chronicle. 26 February 2020. https://www.deccanchronicle.com/technology/in-other-news/260220/trade-the-millennial-way-with-indias-top-broking-apps.html.
- ↑ 16.0 16.1 "ABP news recognizes 5paisa Capital with Brand Excellence Award" (in en). India Infoline. 17 December 2019. https://www.indiainfoline.com/article/news-business/abp-news-recognizes-5paisa-capital-with-brand-excellence-award-119121700271_1.html.
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