Since 1993

About Indsec

Incorporated in 1993, Indsec is among the early members of the NSE, with over 25 years of market experience. We offer a comprehensive suite of investment services under one roof — including institutional broking, family office solutions, and GIFT City access for NRIs. As a trusted partner to our clients, we are committed to consistent performance, transparency, and strong compliance.

Indsec through the years

Company History


Three decades of compounding on the Indian markets.

  1. Founded

    Indsec Securities & Finance incorporated in Mumbai.

  2. Early Member

    Among the early members of the National Stock Exchange.

  3. Exchange Member

    Trading member of BSE Limited.

  4. Wealth Management

    Expanded into wealth management, broadening our advisory offering.

  5. Recognised

    Honoured with an industry award for excellence.

  6. GIFT City

    Expanded into GIFT City, opening a regulated gateway for global investors.

Our Philosophy


Wealth Maximization

Every recommendation, every trade, and every advisory mandate is judged on one yardstick: did it create value for the client.

Research-driven Decisions

We don't chase consensus. Original, primary-research-backed ideas are the foundation of every position we put forward.

Ethical & Compliant

Strict adherence to SEBI guidelines. Full disclosure of conflicts. Transparent reporting to every stakeholder.

Board of Directors


A board with decades of cycle-tested experience across broking, finance, compliance and capital markets.

Nandkishore Gupta

Nandkishore Gupta

Managing Director

FCA · B.Com (Hons)

A commerce graduate from the University of Mumbai and a Fellow Member of the ICAI. Associated with Indsec since June 1994 and Managing Director since July 2000, he brings over four decades of experience in the capital markets.

Maya Gandhi

Maya Gandhi

Whole-time Director

Operations & Surveillance

With Indsec since September 1994, Maya oversees key operations and brings over three decades in the capital markets — including five years in the Inspection & Surveillance Department of BSE Limited.

Diamond Dand

Diamond Dand

Whole-time Director & CFO

B.Com · ACA

A qualified Chartered Accountant with more than two decades in the capital markets. With Indsec since October 2007, he leads the Finance and Compliance functions, having previously worked with reputed chartered accountancy firms.

Tushar Nandkishore Gupta

Tushar Nandkishore Gupta

Whole-time Director

MBA, Wharton · B.Sc, Babson

An MBA from the Wharton School (UPenn) and a Bachelor's in Business Management from Babson College, USA. Previously with Amazon, Boston Scientific and EY LLP; appointed Whole-time Director in March 2026.

Darshita Shah

Darshita Shah

Independent Director

B.Com · ACS · LL.B

A law graduate from the University of Mumbai and an associate member of the ICSI. She has served as an Independent Director on the Indsec board since May 2024.

Transparency First

Indsec operates under strict regulatory frameworks with full adherence to SEBI guidelines — including SEBI registration, published research disclaimers and clear conflict-of-interest disclosures.