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Established in 1961, Dalal & Broacha Stock Broking Pvt. Ltd. is a long-standing financial services firm offering equity broking, mutual fund distribution, wealth management, portfolio management services and depository services. Over five decades, the firm has evolved from an execution-focused brokerage into an integrated wealth management platform serving over 20,000 clients including retail investors, NRIs, corporates, banks, mutual funds and FIIs. The firm is a member of the Bombay Stock Exchange and National Stock Exchange (Cash and F&O segments) and is a Depository Participant with CDSL.
Dalal & Broacha follows a disciplined long-term value investing philosophy centered on zero speculation, capital protection, integrity, transparency and steady, sustainable growth. The firm emphasizes nurturing long-term relationships, avoiding speculative risk-taking and maintaining absolute trust in all client dealings.
Milind Karmarkar
FMFund Manager – PMS Division
Chartered Accountant with over 30 years at the firm. Played a key role in building the research team and currently manages the PMS division.
Nailesh P Dalal
CEO & Principal Officer
Over 35 years of experience in financial solutions. Leads retail and financial operations, institutional relationship building and overall strategic direction of the firm.
Vipul Dalal
Institutional Business Lead
Instrumental in building and expanding the institutional equity business and strengthening relationships with major institutional investors.
Hriday Dalal
Business Development & Corporate Treasury Head
Leads business development and corporate treasury desk. Played a key role in establishing the NRI desk and PMS services.
Nilay Dalal
Business Development
Focuses on business development and client relationship management across verticals.
Rohan Dalal
Research
Strengthens the firm’s research capabilities.
Bhavesh Doshi
Head – Fixed Income & Distribution
With over 25 years at the firm, responsible for setting up and leading the Fixed Income & Distribution desk.
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