About Arete Securities
Arete Securities is a company based in Mumbai (India) founded in 1994 was acquired by Choice in February 2025. The company has 37 employees. Arete Securities offers products and services including Investment Banking Services, Broking Services, and Wealth Management Services. Arete Securities operates in a competitive market with competitors including Fidelity Investments, UTI Mutual Fund, S&P Global, Bank of America and FIS, among others.
- Headquarter Mumbai, India
- Employees 37
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website aretesecurities.com
- Social LinkedIn
- Acquired by Choice (Feb 2025)
- Legal Name Arete Securities Limited
- Date of Incorporation 08 Apr, 1994
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Arete Securities
Arete Securities operates through Arete Securities Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Arete Securities Limited CIN U74899MH1994PLC339302 | Active | 08 Apr 1994 | Mumbai, Maharashtra | ₹419 Cr | 37 | 7 | View details |
Products & Services of Arete Securities
Arete Securities offers a comprehensive portfolio of products and services, including Investment Banking Services, Broking Services, and Wealth Management Services.
Provides corporate finance and loan syndication for businesses.
Offers full-service broking for equities and debt securities.
Delivers mutual fund and portfolio advisory for high-net-worth clients.
Investors in Arete Securities
Arete Securities has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Choice.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A full-service stockbroker offering diverse investment options in India. | 1992 | choiceindia.com | Mumbai, India |
Investor details for Arete Securities
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Arete Securities Limited (Arete Securities)
Arete Securities Limited is the primary company behind Arete Securities. The board of Arete Securities Limited currently have 7 directors; the longest-serving is Kamal Kishore Somani, appointed in 2002. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kamal Kishore Somani DIN 00254658 | Managing Director | 14 Jan 2002 | 24 yrs 8 mo | Arete Securities Limited |
| Sanwarmal Sharma DIN 00298794 | Director | 13 Apr 2007 | 19 yrs 6 mo | Arete Securities Limited |
| Ankit Somani DIN 00265042 | Whole-time director | 24 Sep 2011 | 15 yrs | Arete Securities Limited |
| Puja Gupta DIN 00472368 | Director | 03 Aug 2015 | 11 yrs 2 mo | Arete Securities Limited |
| Hritika Sunil Shah DIN 10272266 | Director | 20 Sep 2023 | 3 yrs | Arete Securities Limited |
| Ashish D Jalan DIN 00861502 | Director | 20 Sep 2023 | 3 yrs | Arete Securities Limited |
| Pooja Suresh Gurjar DIN 10065333 | Company Secretary | 20 Jan 2024 | 2 yrs 8 mo | Arete Securities Limited |
People of Arete Securities
1 people are tracked at Arete Securities (1 in leadership); the tracked headcount is 37.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for Arete Securities
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Financials of Arete Securities
Figures of Arete Securities Limited, the primary company behind Arete Securities, for FY 2025. Revenue was ₹419 Cr (-4% year on year). Net profit was ₹7.27 Cr (2% margin). EBITDA was ₹11.86 Cr (3% margin). Revenue has grown at a compounded annual rate of -7% over three years and -15% over five years.
- ₹419 CrRevenue · FY 2025 · -4% YoY
- ₹7.27 CrNet profit · 2% margin
- ₹11.86 CrEBITDA · 3% margin
- ₹10.73 CrPaid-up capital
- 37Employees (provident fund records)
- -7%Revenue CAGR, 3 years
- -15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Arete Securities Limited are on its company page.
Detailed financial statements for Arete Securities
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Arete Securities
2 dated milestones of Arete Securities across 31 years, from founding to its latest funding, stage changes and deals.
- Founded Arete Securities is founded.
- Exit Acquired by Choice.
Competitors of Arete Securities
Arete Securities operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fidelity Investments, UTI Mutual Fund, S&P Global, Bank of America and FIS, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fidelity.com | 1946 | Boston, United States | $517.99M | 24,000 | Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | |
| utimf.com | 2001 | Mumbai, India | $142.4M | 1,468 | Mutual funds, portfolio management, and retirement planning services are offered. | |
| spglobal.com | 1917 | New York, United States | $8M | 5,000 | Platform offering business intelligence solutions that combine data and actionable analytics for clients | |
| bankofamerica.com | 1904 | Charlotte, United States | – | 208,000 | Commercial banking and asset management services are offered worldwide. | |
| fisglobal.com | 1968 | Jacksonville, United States | – | 22,604 | Software suites for banks and financial institutions are provided. | |
| statestreet.com | 1792 | Boston, United States | – | 46,000 | Financial services are provided to asset managers worldwide. | |
| 360.one | 2008 | Mumbai, India | – | 65 | Asset and wealth management software is provided for businesses. | |
| avendus.com | 1999 | Mumbai, India | $178.14M | 215 | Corporate advisory and investment services are provided to clients. | |
| sundaramfinance.in | 1954 | Chennai, India | – | 8,285 | Provider of consumer & SME loans and equipment & vehicle leasing services | |
| goldmansachs.com | 1869 | New York, United States | – | 333 | Investment banking services are delivered across multiple financial sectors. |
Detailed competitors of Arete Securities
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Similar companies to Arete Securities
10 companies that operate in the same segment as Arete Securities (Asset Management), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | Boston, Massachusetts, United States | USD 517.99 M | – | – | |
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | – | – | – | |
Global banking, investment, and wealth management services are offered worldwide. | 1974 | London, England, United Kingdom | – | USD 6.37 B | 7,550 | |
Insurance, banking, and wealth management services are provided worldwide. | 1816 | Paris, France | – | USD 128.35 B | 100,040 | |
Diversified investment management services are offered across multiple asset classes. | 2001 | Rio De Janeiro, Rio De Janeiro, Brazil | USD 273 M | – | – | |
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Investment banking services are delivered across multiple financial sectors. | 1869 | New York, New York, United States | – | USD 126.21 B | 46,500 | |
Universal banking and financial advisory services are provided globally. | 1865 | London, England, United Kingdom | – | USD 141.4 B | 211,000 | |
Insurance and asset management services are offered in multiple regions. | 1696 | London, England, United Kingdom | – | USD 78.79 B | 29,090 | |
Online platform for stock trading, mutual funds, and investment tools. | 1994 | Mumbai, Maharashtra, India | – | – | – |
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Frequently Asked Questions about Arete Securities
Arete Securities was founded in 1994.
Arete Securities is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Arete Securities has 37 employees.
The primary company behind Arete Securities, Arete Securities Limited, reported revenue of ₹419 Cr for FY 2025, down 4% year on year.
Arete Securities was founded in 1994 and is headquartered in Mumbai, India. Operations in the financial sector are conducted through various services, including broking, investment banking, provident fund advisory, independent valuation advisory, mutual fund advisory, and wealth management. Asset management and investment advisory form the core focus, with activities centered on supporting client financial needs in the region.
Arete Securities's top competitors include Fidelity Investments, UTI Mutual Fund and Goldman Sachs.
Arete Securities offers Investment Banking Services, Broking Services, and Wealth Management Services.
Arete Securities has 1 investor. Key investors include Choice.
Arete Securities operates through Arete Securities Limited.
Yes. Arete Securities was acquired by Choice in February 2025.
The legal entities of Arete Securities currently have 7 directors, including Kamal Kishore Somani, Sanwarmal Sharma, Puja Gupta and others.