ICICI Securities
ICICI Securities Limited is an Indian financial services company headquartered in Mumbai, Maharashtra. It is a subsidiary of ICICI Bank and operates in the areas of investment banking, retail and institutional broking, and wealth management.
History
ICICI Securities was incorporated on March 9 1995, as ICICI Brokerage Services Limited, a wholly owned subsidiary of ICICI Bank.In 2000, the company launched ICICI Direct, an online trading platform, a key part of its retail brokerage business. Over the following years, it expanded into derivatives and commodity trading, insurance distribution, and private wealth management.
In 2007, the company was renamed ICICI Securities Limited. It also began offering overseas services and global investment options through digital infrastructure.
On June 29, 2023, ICICI Bank’s board and SEBI approved a proposal to delist the company through a share swap arrangement, as part of a strategic restructuring to consolidate operations.