Is Upstox backed by Ratan Tata?
- Asked By
- Updated On:15-Dec-2020
- Replies:4
Short Answer
Yes, the Indian discount broker is backed by Mr. Ratan Naval Tata. He held a 1.33% stake in RKSV Securities (popularly knows as Upstox) at the beginning of the year 2019. RKSV in RKVS Securities stands for the initials of the names of founders (RK for Ravi and Raghu Kumar, and SV for Shrinivas Viswanath).
Detailed Answer
The current shareholding pattern of RKSV Securities is as follows:
- Promoters own 50% of the shares which include Ravi Kumar, Raghu Kumar, and Shrinivas Viswanath.
- Tiger Global Management picked up a 31.1% stake in September last year (2019) for Rs 178.47 crore.
- Kalaari Capital Partners has acquired a 15.21% stake for Rs 27 crore back in February’2016.
- GVK Davix Technologies also backed Upstox and acquired a 2.54% stake.
- Ratan Tata has a 1.33% stake in the firm.
Talking about Upstox, it has become India’s 2nd largest stockbroker and a great fintech startup which changed the country’s financial markets space. The company has 12.2 lakh active customers and expects to double the client base within a span of a few months. To compare with the peers, it has more clients than ICICI Securities, Angel Broking, and HDFC Securities having 11.95 lakh, 10 lakh, and 8 lakh respectively.
Cheaper smartphones and cheaper internet prices lead to a rapid rise in internet penetration which helped the firm to grow faster in recent years. Also, the founders of the firm believe that initiatives like Digital India by the government assisted in the humungous growth of stockbroking.
Apart from these, one of the major reasons was of course its competitive pricing. Upstox similar to Zerodha charges only Rs. 20 per order irrespective of whether you trade Equity Intraday, Futures and Options, Currencies, and Commodities. Zero brokerage on delivery trades is like a cherry on the top.
Upstox also offers traders a margin up to 15x for Intraday, Cover Orders, and One Cancels the Other orders.
Upstox in-house platforms Pro Web and Pro Mobile gives you the choice whether you want to trade on desktop or mobile. It also has partnerships with popular platforms like AmiBroker, Fox Trader, Dartstock, etc. so that you do not fall short of platform choice. It also even allows you to develop your own apps using the Upstox Dev.
Another great feature that made it the 2nd largest broker is great customer service both through call and Live Chat.
Upstox Pricing & Plans
Upstox offers two types of accounts according to the needs of a trader:
• Basic Plan
• Priority Plan
The Priority plan attracts a flat fee of Rs 30 per trade for Equity, F & O, Commodity, and Currency. But it offers you up to 25x margin. You get advance charting with more indicators, tools, and chart types.
Upstox Review
Backed by marquee investors, Upstox is a broker that has an edge over technology and which leverages it to make the platforms more advanced as well as easy for the users.
Low and competitive brokerage charges, high leverage, and great tools & indicators surely makes it one of the best choices.
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Discussion (3)
Upstox is India's 2nd Largest Discount Broker after Zerodha. The promoters of Upstox are Ravi Kumar, Raghu Kumar & Shrinivas Viswanath who own the majority of the stake in the company. Followed by other investors who own 31.1% and 15.21% of the total stake in Upstox. Ratan Tata has a very small stake in the company with a mere 1.33% share, hence it can be said that Ratan Tata is a minor stakeholder in the company.
Yes, Upstox is backed by Ratan Tata but own a small percentage of about 1.33%
Yes, Upstox is safe, good and a very reliable stock broker for trading and long term investing. Being registered with SEBI, NSE, BSE, MCX and CDSL the stock broker has built a good reputation and a decent customer base over the years.
GTT is a feature which works when the price set by an individual is met in a specific period. Let's gather some more details on GTT or Goods Till Triggered feature offered by Upstox and other stockbrokers in India.
5paisa happens to be the second largest stock broker in the country that offers plenty of benefits and features through its Demat and trading account. Some of which include low brokerage charges of 20 rupees, paperless account opening, free trading tools, research and trading advice for free, and much more.
They are the same brand. There is no difference as since 2012, RKSV started offering retail broking. But in 2016, the company renamed itself Upstox. Every segment that Upstox has to offer is one and the same with the only different being in the name and nothing else.
With every stockbroker, there are some advantages and disadvantages. The cons of Upstox are plenty but covers up through its advantages. However, its disadvantages are that the trade and call feature is charged 20 rupees, IPO & FPO investment opportunities are not available, under the delivery segment, GTC & GTD orders aren’t supported, etc.
Ravi Kumar, Kavitha Subramanian and Srinivas Vishwanath are the founders of Upstox . The company is also backed by a group of investors that includes Ratan Tata, Tiger Global, and other influential figures in the industry.
Zerodha Streak was launched; it was completely free, but not anymore. Right now, you need to pay a fee for using the Zerodha Streak.
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
What happened, so you are looking to close your Upstox Demat and Trading Account? The reasons could be many and any. You are here means, you are searching how to close Upstox account. So, let's dig into the demat account closure process.
Rishika Agarwal
Upstox is one of the India's leading discount stockbroker. It is backed by Ratan Tata and has a minor stake in the company with only 1.33%. It also boosted the company and is also one of the best fintech companies which changed the economic scenario. It gained more customers in a very less period of time.