Kotak Securities and Caregrowth Broking partner to provide enhanced services to 35,000 Retail Investors and Traders in Rajkot

Rajkot, 5 June, 2025: Kotak Securities Limited, a full-service bank-backed brokerage firm, announced a strategic partnership with Rajkot-based Caregrowth Broking Pvt. Ltd. (CBPL), a prominent financial services provider. With this partnership, Kotak Securities will extend its services to over 35000 investors and traders of Caregrowth Broking, leveraging latter’s deep-rooted regional presence and expertise in Gujarat.

As of April 2025, Gujarat has crossed 1.9 crore demat accounts, according to the NSE data, positioning it among the top three states in India for capital market participation. The state continues to witness steady year-on-year growth in investor registrations. The gender distribution among investors in the state stands at 72.2% male and 27.8% female.

Within the state, Rajkot ranks as the third-largest city in terms of market activity, recording an average daily turnover of ₹794 crore. Ahmedabad and Surat lead with average daily turnovers of ₹7,258 crore and ₹1,503 crore, respectively. This robust market activity underscores Rajkot’s emergence as a key financial hub, offering Kotak Securities a valuable opportunity to deepen its footprint in the region.

Both Kotak Securities and Caregrowth Broking share a strong commitment to customer-centricity. This partnership aims to empower retail investors and traders with enhanced financial solutions, cutting-edge technology, and expert advisory services.

Shripal Shah, MD & CEO, Kotak Securities Limited, added, "We are elated to collaborate with Caregrowth Broking Pvt Ltd, a distinguished entity in Gujarat’s financial sector. Together, we aim to simplify and enrich the investment journey for their clients through our cutting-edge trading app, Kotak Neo. In the coming months, we will launch investor awareness and education initiatives, deepen our penetration in the state, develop customized investment solutions leveraging our joint capabilities, and maintain a steadfast focus on ethical practices and zero-complaint service standards."

Tarun Shah, Chairman and Managing Director of Caregrowth Broking Pvt Ltd, remarked, "We are delighted to collaborate with Kotak Securities, a prominent name in India’s broking industry. Through this partnership, we are aligning with a brand that shares our values of excellence, innovation, and customer-centricity. Together, we aim to enhance our clients’ experience by integrating technology, research, and product offerings, in continuation to the care and responsiveness they always expect."

With this collaboration, Caregrowth’s clients will have access to Kotak Securities’ seamless, robust trading ecosystem designed to support both new to trade as well as the seasoned traders. They will get:

• A wide range of investment products across equities, mutual funds, ETFs, and derivatives
  
• Industry-leading research solutions
  
• Advanced digital platforms and mobile trading solutions
  

This collaboration builds on Kotak Securities’ successful alliances over the years in key markets such as Delhi, Madhya Pradesh, Kerala, Tamil Nadu, Maharashtra, West Bengal, and others. It reflects the firm’s ongoing customer-first strategy to extend the reach of Kotak Neo’s advanced capabilities to investors and traders across India.

About Kotak Securities Limited

Kotak Securities Limited (KSL), a subsidiary of Kotak Mahindra Bank, is a full-service stock broking firm catering to retail and institutional investors across all segments of the capital market. Through a tie-up with partner brokers, the company also provides direct access to the US markets. Supported by a strong research team, robust digital trading platform, large branch network & franchisee base, and referral coordinators spread across Kona of India, KSL processes lakhs of secondary market trades every day. As of 31st March, 2025, KSL has a national footprint of 155 branches, 988 franchisees and satellite offices across 309 cities in India serving an active client base of 57.15 lakh. KSL provides a wide array of investment options in equities, derivatives (equities, commodities, currency). It also offers depository services and third-party products like insurance and mutual funds.

For more information, please visit https://www.kotaksecurities.com

About Caregrowth Broking Pvt Ltd

Caregrowth Broking Pvt Ltd was established in 2007 at the regional level in Rajkot, Gujarat. Caregrowth Broking Pvt Ltd offers a wide range of financial services, including equity trading, commodities, mutual funds, insurance, and systematic investment plans. With a commitment to personalized service and innovative solutions, Caregrowth has become a preferred choice for investors in Gujarat and neighbouring states.

For more information, please visit https://www.caregrowth.com

For further information, contact:

Disclaimer

Kotak Securities Limited: CIN: U99999MH1994PLC134051, SEBI Registration No. INZ000200137 (Member of NSE, BSE, MSE, MCX & NCDEX), AMFI-registered Mutual Fund Distributor. AMFI ARN: 0164, Date of Registration: July 07, 2002, Current validity of AMFI ARN - July 23, 2027, PMS INP000000258 and Research Analyst INH000000586. NSDL/CDSL: IN-DP-629-2021.

Compliance Officer Details: Mr. Hiren Thakkar. Call: 022 - 4285 8484, or Email: ks.compliance@kotak.com.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Please read the SEBI prescribed Combined Risk Disclosure Document prior to investing.

Brokerage will not exceed SEBI prescribed limit. For compliance T&C and disclaimers, visit https://www.kotaksecurities.com/disclaimer/. All the offers related to MTF are subject to provisions under SEBI circular CIR/MRD/DP/54/2017 dated June 13, 2017.