Indore, India – Indo Thai Securities Ltd (NSE: INDOTHAI), a leading stockbroking rm based in Indore,
has raised ₹118 crore ($14M), bringing its total fundraising to ₹155 crore ($18M), over the past nine
months. In the most recent funding round, investors valued the company at ₹650 crore ($75M) with shares
priced at ₹500 each.
Founded by Chartered Accountant brothers Paras Doshi and Dhanpal Doshi, Indo Thai Securities is a
comprehensive investment platform catering to the diverse needs of investors. The rm specializes in
providing tailored investment solutions for corporates and high-net-worth individuals (HNIs), with a
strong focus on niche oerings.
Commenting on the latest milestone, Paras Doshi, Founder and Chairman of Indo Thai, said, “With our
30-year legacy and this fresh infusion of capital, we are well-positioned for the next phase of exponential
growth. We are committed to delivering even greater value to our clients while expanding our reach in the
stockbroking ecosystem.”
The newly raised funds will be directed towards enhancing services for traders, particularly through
oering additional capital under Pay Later (MTF) and meeting exchange margin requirements. This will
further strengthen the rm’s core services, which include advanced trading solutions, depository services,
and algorithmic trading tools designed to elevate the client experience. Indo Thai also plans to boost
shareholder returns through innovative trading strategies in its proprietary book.
The Indian stock market intermediary sector is one of the fastest-growing in the country, with the
increasing demand for capital in Margin Trading Facility (MTF) driving higher costs for customers due to
a system-wide fund shortage. With over 175M demat and trading accounts in a population of 1.4B people,
the market holds signicant potential for growth.
Dhanpal Doshi, Managing Director of Indo Thai, added, “We are rapidly expanding our team and
geographical presence. Over the past 18 months, we have grown our workforce by 25%, and in the next 12
months, we plan to launch more new oces to tap into emerging markets and reach new clients.”
Founded in January 1995, Indo Thai Securities is a full-service stockbroker listed on both the NSE and
BSE. The rm oers a wide range of investment services to HNIs and corporates across India, specializing
in innovative algorithmic and trading solutions that deliver superior returns for clients. The company’s
mission is to make wealth creation simple, aordable, and accessible, helping build a prosperous future for
its clients. Indo Thai has received several awards from NSE, BSE, MCX, and NCDEX for its
contributions to the nancial ecosystem.
For more information, visit: http://www.indothai.co.in
Indo Thai was founded by Paras Doshi and Dhanpal Doshi, both Chartered Accountants with over 40
years of experience in the nancial industry. The next generation of leadership, spearheaded by Sarthak
Doshi and Nishit Doshi, focuses on driving ntech initiatives. With a team of professionals, Indo Thai
operates with a customer-rst mindset, emphasizing strong relationships and trust. The management has
been recognized with numerous industry and societal awards for their contributions.
