Upstox is a Financial Private Limited company owned by Mumbai based RKSV Securities Pvt Ltd Mr. Ravi Kumar, Mr. Raghu Kumar and Mr. Shrini Viswanath are the co-founders of the company.
- Origin Country – India
- Registered India – Yes
- Founded – May 2011
- Founder – Ravi Kumar (Backed by Ratan Tata)
- Trust Point – 95/100
- Sectors – Financial Services (Share Market)
- Employees – 300 (June 2019)
Commonly company known for Share Market Broker in India compared with Zerodha and Angel Broking etc.
The company is also backed by a group of investors including Ratan Tata, Tiger Global and GVK Davix.
Upstox investor includes:
- Tiger Global Management – 31.1% stakes
- Kalaari Capital Partners – 15.21% stakes
- GVK Davix Technologies – 2.54% stakes
- Ratan Tata – 1.33% stakes
(#The above shareholding is as of Jan 2020)
Such has been the speed of digitalization over the past few months that the company that took around 10 years to get its first 10 lakhs active clients now aims to grow that number to 20 lakhs over the next few months.
Currently company having products of Stocks, Options, Futures, Commodities, Currencies, Mutual Funds and having address of “30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013, Mumbai, Maharashtra, India”
Frequently Asked Questions about Upstox
What is Upstox account?
Upstox account is a 2-in-1 account combining a trading and a Demat account. The upstox account allows investors to invest/trade in stocks, equity derivatives, currency and commodities. It also offers online mutual fund (regular and direct) in a lump sum or SIP way.
Is Upstox made in India?
Yes, Upstox is Mumbai based Indian Company !
Who is the Owner of Upstox?
RKSV Pvt Ltd (Ravi Kumar, Raghu Kumar, and Shrinivas Vishwanath)
How to open Upstox account online?
Upstox offers instant paperless online account opening to people who have an Aadhaar Card linked to their current phone number. —– CLICK HERE— to open account
Is Upstox trusted and Safe ?
1.In the business for over 10 years 2. SEBI registered broker 3. Member of BSE, NSE and MCX exchanges 4. No major violations 5. Backed by investors like Mr. Ratan Tata 6. Zero debt company