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Mangal Keshav is one of the premier broker in the equities and derivatives market for Retail and Institutional customers in India. The group is also engaged in distribution of Mutual Fund, Insurance and IPOs, thereby offering a bouquet of financial products across all risk profiles. Mangal Keshav has the solutions for wealth management and wealth enhancement. Today, Mangal Keshav is providing comprehensive advisory services to its valuable clients under one umbrella.


Mangal Keshav was started as a partnership concern by late Mr. Mangaldas Bhagat in the year 1939. BankMuscat, the largest bank in Oman, having assets worth over USD 7.7 billion is now the biggest partner of Mangal Keshav. BankMuscat has acquired 43% stake in Mangal Keshav Group.

It has been a pioneering member of Bombay Stock Exchange Limited (BSE) since 1939 and a member of National Stock Exchange of India Limited (NSE) since 1995. It is a participant of both the - Depositories, viz. Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL) since 2000 & 2001 respectively. It is a member broker for National Commodity & Derivatives Exchange Limited (NCDEX) and Multi Commodity Exchange of India Limited (MCX) offering a platform for commodity trading. The company has presence in trading in the international commodities trading markets through its associate, Mangal Keshav DMCC, which is a broker member of Dubai Gold and Commodities Exchange (DGCX).


Our Group Entities –
  • MANGAL KESHAV SECURITIES LTD.
  • MK COMMODITY BROKERS LTD.
  • MANGAL KESHAV DISTRIBUTIONS LTD.
  • MANGAL KESHAV INSURANCE BROKERS LTD.

Mangal Keshav is providing all the above services to Investors, NRI and Institutions. The services are offered under total confidentiality and integrity with the sole purpose of maximizing returns to its clients.

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  • MANGAL KESHAV SECURITIES LTD. : Member BSE (Cash & Derivatives): SEBI Regn. No. INB 010977431 & INF 010977431; Member NSE (Cash & Derivatives): SEBI Regn. No. INB 230977432 & INF230977432; AMFI Regn. No. ARN 2397;
  • MANGAL KESHAV DEPOSITORY SERVICES : NSDL: SEBI Regn. No. IN – DP – NSDL – 229 – 2002; CDSL: SEBI Regn. No. IN – DP – CDSL – 153 – 2001
  • MK COMMODITY BROKERS LTD. : Member MCX (Regn No. 12620, FMC Code: MCX/TCM/CORP/0700); Member NCDEX (Regn. No. 00042, FMC Code: NCDEX/TCM/CORP/0134);
  • MANGAL KESHAV INSURANCE BROKERS LTD. : IRDA License No. DB/188/03;
  • MANGAL KESHAV DISTRIBUTIONS LTD. : AMFI Regn. No. ARN 22771
  • PORTFOLIO MANAGEMENT SERVICES : INP000002650