Mastertrust Celebrates Yet another Milestone as the Firm Completes 35 Glorious Years in the Industry

The company has witnessed a steep growth in business during the successful tenure Over the years of service,…
  • The company has witnessed a steep growth in business during the successful tenure

  • Over the years of service, Mastertrust earned the loyalty of its business partners and trust of consumers

  • A leader in technologically advanced services and offerings for investment and brokerage segment in India

Mastertrust, a leading trading platform in India, celebrates yet another milestone as it completes 35 successful years in the industry. The company has witnessed a steep growth in business during its successful tenure wherein it has been growing top line 10% YoY from last 5 years.

Since its inception, the company has continued with steady growth and achieved various milestones along the way. One of the notable accomplishments was to acquire membership of NSE in 1993. From opening its first office in Ludhiana in 1985 with a modest team size of 3 professionals, the company has now grown to a team of 800 people.

The company continued to leverage its achievements to heighten its success. The firm ventured into NBFC market in 1998 and further Depository Services in 1999. It became insurance broker and a SEBI registered portfolio manager in 2004 – 2005. The next biggest achievement came in 2017-2019 when their flagship Portfolio Management Services AUM crossed INR 325 Crores and Mutual Fund AUM crossed INR 470 Crores. In 2017, the company did AI-based innovation in automated portfolio analysis. The firm has clocked in average daily turnover of 1050.6 crores during the lockdown and has seen an increase of 5% in average daily traders on their platforms.

Mastertrust has many awards and recognitions in its account. From being declared as India’s best derivative broker by BSE in 2012-2013 to receiving “Order of Merit” in SKOCH BSE Awards in 2016-2017, the journey has been noteworthy. With over 250000+ customers, the company is continuously striving to provide financial services with great expertise.

The firm offers facilities like zero brokerage plans, paperless e-KYC, Demat account opening for all its stakeholders, customers, and partners. Mastertrust also offers stock broking services, portfolio management services, selling of ETFs, mutual funds, bonds, and IPOs.

Speaking about the achievement, Mr. Harjeet S. Arora, Managing Director, Master Capital Services Ltd. said, “The financial sector has been rapidly evolving and people in India are now more inclined towards various investment options which can give them better returns. I am humbled and feel accomplished as the dream and vision which I saw 35 years back has finally become a reality. We have strengthened our business over the last few years and have been dedicated to understanding the needs of our customers through in-depth research and analysis to achieve seamless and excellent customer satisfaction. We are also looking forward to growing businesses with our partners and clients with lots of technical upgrades and user-friendly products that we plan to bring in soon.”

At Mastertrust we believe strength and growth comes from perseverance and hard work,Mr. Arora added.

About Mastertrust

Mastertrust is one of the leading financial services companies in India. It is a one-point shop specifically targeted towards the retail customers who require a very strong relationship driven approach towards investing. The broker offers a quick and hassle-free procedure to open an instant Trading and Demat account. Additionally, the brokerage rates are lowest with in-depth market research and analysis to help one make informed investment decisions.

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The General Corporate, Capital Markets, Competition Law and Taxation Practices of Cyril Amarchand Mangaldas advised on the Transaction.

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  • The Corporate Due Diligence team was led by Indranath Bishnu, Partner, with support from Soumyadipta Chanda, Principal Associate; Viraj Dhuri, Associate; Anirud Sudarsan R, Associate; and Soumyaditya Dasgupta, Associate.

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The completion of the Transaction is subject to approval of the Insurance Regulatory Development Authority of India (IRDAI), Reserve Bank of India (RBI) and Competition Commission of India (CCI).

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The firm, Cyril Amarchand Mangaldas, was awarded recently awarded with "India - Firm of the Year" at the AsiaLaw Regional Awards 2019 and "India Deal Firm of the Year" at the In-House Community Counsels of the Year Awards 2019. The firm was also named as the "Most Innovative National Law Firm of the Year - India for 2018" at the IFLR Asia Awards, having also been successful in winning the prestigious & coveted "National Law Firm of the Year, 2018 for India" at the Chambers Asia-Pacific Awards. The firm was also voted as the "Employer of Choice for 2018" from India, by the Asian Legal Business, now 4 years in a row, building upon the several awards that the erstwhile Amarchand & Mangaldas & Suresh A. Shroff & Co. had won in the past.