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Karvy Group
The Karvy group was formed in 1983 at Hyderabad, India. Karvy ranks among the top
player in almost all the fields it operates. Karvy Computershare Limited is India’s
largest Registrar and Transfer Agent with a client base of nearly 500 blue chip
corporates, managing over 2 crore accounts. Karvy Stock Brokers Limited, member
of National Stock Exchange of India and the Bombay Stock Exchange, ranks among the
top 5 stock brokers in India. With over 6,00,000 active accounts, it ranks among
the top 5 Depositary Participant in India, registered with NSDL and CDSL. Karvy
Comtrade, Member of NCDEX and MCX ranks among the top 3 commodity brokers in the
country. Karvy Insurance Brokers is registered as a Broker with IRDA and ranks among
the top 5 insurance agent in the country. Registered with AMFI as a corporate Agent,
Karvy is also among the top Mutual Fund mobilizer with over Rs. 5,000 crores under
management. Karvy Realty Services, which started in 2006, has quickly established
itself as a broker who adds value, in the realty sector. Karvy Global offers niche
off shoring services to clients in the US.
Karvy has 575 offices over 375 locations across India and overseas at Dubai and
New York. Over 9,000 highly qualified people staff Karvy.
Karvy was started by a group of five chartered accountants in 1979. The partners
decided to offer, other than the audit services, value added services like corporate
advisory services to their clients. The first firm in the group, Karvy Consultants
Limited was incorporated on 23rd July, 1983. In a very short period, it became the
largest Registrar and Transfer Agent in India. This business was spun off to form
a separate joint venture with Computershare of Australia, in 2005. Karvy’s foray
into stock broking began with marketing IPOs, in 1993. Within a few years, Karvy
began topping the IPO procurement league tables and it has consistently maintained
its position among the top 5. Karvy was among the first few members of National
Stock Exchange, in 1994 and became a member of The Stock Exchange, Mumbai in 2001.
Dematerialization of shares gathered pace in mid-90s and Karvy was in the forefront
educating investors on the advantages of dematerializing their shares. Today Karvy
is among the top 5 Depositary Participant in India.
While the registry business is a 50:50 Joint Venture with Computershare of Australia,
we have equity participation by ICICI Ventures Limited and Barings Asia Limited,
in Karvy Stock Broking Limited.
Karvy Group Website: www.karvy.com
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