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5paisa started its journey in March 2016. The IIFL holding board invested Rs 100 Cr and proposes demerger in Oct 2016. In the first year, 5paisa is able to make 10,000 customers. In Nov 2017, company is listed in NSE/BSE. 5paisa is the first discount broker to get listed on Indian stock exchange. By Dec 2018, 5paisa has around 90,000 active customers. The company holds under 20th rank in active customer and 2nd position in discount broker industry as of Dec 2018 active customer report.
5paisa has registered and corporate office in Thane, Mumbai. The company also extended operations in Banglore and Ahmedabad.
The company’s focus is on leveraging technology, enhancing customer experience, market expansion and provide service to its customers.
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