ICICI Securities
Corporate brand
UnclaimedAn Indian financial-services company providing securities broking, investment banking, wealth management, and related investment-distribution services.
Last updated August 31, 2026
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Overview
ICICI Securities is an Indian financial-services company headquartered in Mumbai, Maharashtra, and a subsidiary of ICICI Bank. Its business spans retail and institutional securities broking, investment banking, wealth management, and the distribution of investment and insurance products. The company is best known in the retail market for ICICI Direct, its online investment and trading platform. The business originated in 1995, when it was incorporated as ICICI Brokerage Services Limited as a wholly owned subsidiary of ICICI Bank. Its creation gave the ICICI group a dedicated platform for securities-market services and helped connect the bank's customer base with investment products and capital-markets access. In 2000, the company introduced ICICI Direct, an online trading service that became a central component of its retail brokerage franchise. The platform supported the growth of digitally enabled investing in India and provided customers with access to securities trading and related investment services. Over the following years, ICICI Securities broadened its scope beyond conventional equity broking. Its activities expanded to derivatives and commodity trading, insurance distribution, mutual-fund distribution, investment banking, and private wealth management. It also developed institutional and corporate-market capabilities, while its digital infrastructure supported access to overseas and global investment opportunities. In 2007, the company adopted the name ICICI Securities Limited, reflecting the wider range of services carried under the business. ICICI Securities operates within the regulatory and market framework governing Indian securities intermediaries, including oversight associated with the Securities and Exchange Board of India. Its customer proposition combines online execution and investment access with research, advisory, capital-markets, and wealth-related services. The brand is therefore positioned between mass-market digital brokerage and the broader investment-services capabilities of a large financial group, serving retail investors as well as institutional and corporate clients. In 2023, ICICI Bank and ICICI Securities pursued a proposal to delist ICICI Securities through a share-swap arrangement. The proposal, approved by the relevant corporate and securities-regulatory processes described in the available reference material, was presented as a restructuring intended to consolidate operations within the ICICI group. The move is a significant ownership and corporate-structure development, although the available material does not establish the final completion status of the delisting. For the financial year ended March 2025, the company reported net profit of ₹1,941.45 crore, according to the cited reference material.
History
ICICI Securities was established on March 9, 1995, under the name ICICI Brokerage Services Limited. It was formed as a wholly owned subsidiary of ICICI Bank, giving the banking group a dedicated securities and capital-markets business. The company was created during a period when Indian financial institutions were broadening their activities beyond traditional banking and developing more specialized investment and brokerage channels. A major early turning point came in 2000, when the company launched ICICI Direct. The online trading platform became the principal consumer-facing expression of the business and helped extend securities-market access to retail investors through digital channels. ICICI Direct supported the company's expansion from a traditional brokerage operation into an integrated online investment-services platform. During the years that followed, ICICI Securities expanded its product and client coverage. Its activities came to include equity broking, derivatives and commodity trading, investment banking, institutional broking, insurance distribution, mutual-fund distribution, and private wealth management. The company also developed digital infrastructure for overseas services and global investment options. This diversification allowed it to serve individual investors while retaining capabilities for institutions, corporations, and high-net-worth clients. In 2007, the company changed its name to ICICI Securities Limited. The renaming reflected a broader operating model rather than a narrow focus on brokerage alone. Under the ICICI brand architecture, the business operated alongside other group financial-services companies while maintaining a distinct role in securities distribution, investment banking, and wealth services. The company subsequently continued to operate in India's regulated securities and investment-services market. Its retail proposition centered on digital access, while its institutional and investment-banking businesses addressed more specialized capital-markets needs. The combination of a bank-affiliated customer base, online execution, research and advisory capabilities, and access to multiple investment products gave ICICI Securities a position spanning retail brokerage and broader financial intermediation. On June 29, 2023, ICICI Bank's board and the Securities and Exchange Board of India approved a proposal to delist ICICI Securities through a share-swap arrangement. The proposal was described as part of a strategic restructuring intended to consolidate operations within the ICICI group. The available reference material does not provide enough information to confirm the final legal completion of the delisting, so the company's listed status and post-proposal structure require verification against current corporate filings. For the financial year ended March 2025, the company reported net profit of ₹1,941.45 crore. This result provides a recent indicator of the scale of the business, but the available reference does not include comparative periods or a detailed breakdown by operating segment.
- 2025
Reported fiscal-year net profit
[1]The company reported net profit of ₹1,941.45 crore for the financial year ending March 2025.
- 2023
Proposed delisting through share swap
[1]ICICI Bank and ICICI Securities advanced a proposal to delist the company through a share-swap arrangement as part of group restructuring.
- 2007
Renamed ICICI Securities Limited
[1]The company adopted the ICICI Securities Limited name as its operations expanded across securities and investment services.
- 2000
Launch of ICICI Direct
[1]ICICI Securities launched ICICI Direct, an online trading platform that became central to its retail brokerage business.
- 1995
Incorporation as ICICI Brokerage Services
[1]The company was incorporated on March 9, 1995, as ICICI Brokerage Services Limited and operated as a wholly owned ICICI Bank subsidiary.
Products and positioning
A technology-enabled Indian investment-services brand backed by the ICICI banking group, combining retail digital brokerage with institutional broking, investment banking, and wealth-management capabilities.
Online trading and investment platform · 2000
ICICI Direct
ICICI Direct is ICICI Securities' principal digital retail-investment platform. Launched in 2000, it provides an online channel for securities trading and related investment access. It became a central part of the company's retail brokerage strategy and helped connect ICICI's banking customer base with market-investment services.
Securities brokerage
Retail securities broking
The retail broking business provides individual investors with access to securities-market transactions through digital and assisted channels. Its scope includes equity-market services and, following later expansion, derivatives and commodity trading. The offering is positioned around the convenience of an integrated financial-services relationship.
Institutional securities services
Institutional broking
ICICI Securities serves institutional clients through securities-broking and market-related services. This business complements the company's retail platform and forms part of its broader capital-markets role within the ICICI group.
Investment banking
Investment banking
The investment-banking business supports corporate and capital-markets activities. It extends ICICI Securities beyond transaction execution into services associated with fundraising, financial-market intermediation, and corporate clients.
Wealth management
Wealth management
ICICI Securities provides wealth-management and private-wealth services for clients requiring a broader investment relationship than ordinary brokerage. The offering sits alongside securities execution and investment-product distribution within the company's multi-segment model.
Financial-product distribution
Investment and insurance distribution
The company distributes products including mutual funds and insurance, broadening its customer proposition beyond direct securities trading. These services support an integrated investment relationship and allow customers to access multiple financial-product categories through the ICICI ecosystem.
Controversies
2020
HSIL sues ICICI Securities over Jaquar brand report
HSIL said it filed a suit against ICICI Securities over an April 28 report that described Jaquar as India's No. 1 sanitaryware brand. HSIL alleged that the report was false and defamatory and disparaged its products and brand; these are allegations reported by HSIL, not a court determination of their truth.
2019
ICICI Securities settles Sebi stockbroker-norms case
ICICI Securities settled a case with India's market regulator Sebi concerning alleged violations of stockbroker norms by paying Rs 28.68 lakh in settlement charges. The company made the settlement without admitting the findings of fact or conclusions of law, and Sebi disposed of the adjudication proceedings.
Brand decisions
2023
Proposal to delist ICICI Securities through a share swapM&ABackground
ICICI Bank and ICICI Securities pursued a restructuring proposal intended to consolidate the securities business within the ICICI group. The available reference describes board and SEBI approval for a share-swap-based delisting proposal.
Action taken
The proposed transaction would delist ICICI Securities and use a share-swap arrangement involving ICICI Bank shares, subject to the applicable corporate and regulatory process.
Aftermath
The available material does not establish whether the delisting was ultimately completed or provide the final post-transaction ownership structure. Current filings should be consulted for confirmation.
Recent events
- Unconfirmed
Reported
ICICI Bank divests a 2% stake in ICICI Securities[4]
ICICI Bank sold 2% of its stake in subsidiary ICICI Securities through an open-market transaction for approximately ₹310 crore.
HSIL sues ICICI Securities over Jaquar brand report[2]
HSIL said it filed a suit against ICICI Securities over an April 28 report that described Jaquar as India's No. 1 sanitaryware brand. HSIL alleged that the report was false and defamatory and disparaged its products and brand; these are allegations reported by HSIL, not a court determination of their truth.
Reported
ICICI Securities reports Q4FY20 and FY20 results[5]
ICICI Securities announced financial results for the quarter and 12-month period ended March 31, 2020. It reported Q4FY20 consolidated revenue of Rs. 482 crore and profit after tax of Rs. 156 crore, and FY20 consolidated revenue of Rs. 1,725 crore and profit after tax of Rs. 542 crore.
Reported
ICICI Securities launches ETF Intelligent Portfolios[6]
ICICI Securities launched ETF Intelligent Portfolios, an investment product that allocates investors' money across a multi-asset basket of ETFs based on their risk profile.
- Unconfirmed
Reported
ICICI Securities settles Sebi stockbroker-norms case[3]
ICICI Securities settled a case with India's market regulator Sebi concerning alleged violations of stockbroker norms by paying Rs 28.68 lakh in settlement charges. The company made the settlement without admitting the findings of fact or conclusions of law, and Sebi disposed of the adjudication proceedings.
Sources7 sources
- 1ICICI Securitiesen.wikipedia.org
- 2HSIL sues ICICI Securities over Jaquar brand reportmoneylife.in
- 3ICICI Securities settles Sebi stockbroker-norms casebusiness-standard.com
- 4ICICI Bank出售ICICI Securities 2%股权financialexpress.com
- 5ICICI Securities 公布 2020 财年第四季度及全年业绩equitybulls.com
- 6ICICI Securities推出ETF Intelligent Portfoliosbusinesstoday.in
- 7ICICI Bank sells 2% stake in subsidiary I-Sec for â¹ 310 crorethehindu.com
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