JM Financial Services Pvt Ltd is one of the most respected brokerage firms in India. The company is a dedicated investment advisory arm of the JM Financial Group. The company offers a wide range of product and services to our clients ranging from Equity, Derivatives and Portfolio Management Services to Mutual Funds & Fixed Income Products Distribution. They are among the largest distributors of third party products (Mutual funds/ IPO).

The company is organized in three main divisions, namely Private Wealth Management, Equity Brokerage Group and Independent Financial Advisory Group. They facilitate client transactions with a diverse group of financial institutions, investment funds, governments and individuals, trading of and investing in fixed income and equity products and derivatives on these products.

JM Financial Services Pvt Ltd was incorporated in the year 1998 with the name JM Morgan Stanley Financial Services Pvt Ltd. Initially, the company was a subsidiary of JM Morgan Stanley Pvt Ltd. JM Financial Ltd had 51% in JM Morgan Stanley Pvt Ltd.

During the year 2006-07, the company increased their branch network in Tier - I cities in order to increase their geographical reach and to expand their equity brokerage business. They set up a separate desk for arbitrage and option trading activities for providing services to large ticket investors.

During the year, JM Financial and Morgan Stanley announced their decision to terminate the joint venture. JM Financial Ltd, which had 51% equity of JM Morgan Stanley Pvt Ltd, acquired the remaining 49% equity holding of Morgan Stanley for an amount equivalent to USD 20 million.

Consequent upon termination of joint venture between the JM Financial Group and Morgan Stanley, the name of the company was changed from JM Morgan Stanley Financial Services Pvt Ltd to JM Financial Services Pvt Ltd.

During the year 2007-08, the company increased their branch and franchisee network to increase the geographical reach and to expand its equity brokerage business. They expanded their retail operations from 16 branches and 21 franchisees to 21 branches and 91 franchisees. Also, they commenced proprietary trading with cash future and index future arbitrage activities which are fully hedged.

During the year, the company acquired the equity shares and preference shares of JM Financial Commtrade Ltd from JM Financial Ltd for an aggregate consideration of Rs 7.50 crore. Thus, JM Financial Commtrade Ltd became a wholly owned subsidiary of the company.

During the year 2008-09, the company increased their reach fro 21 cities to 44 cities. They added 3 branches and 61 franchisees/ sub-brokers to their network. The company acquired the trading memberships of the currency derivatives segment of National Stock Exchange of India Ltd and MCX Stock Exchange Ltd and started offering broking services in currency derivatives. Also, the company incorporated JM Financial Insurance Broking Pvt Ltd as a subsidiary company.

During the year 2009-10, the company increased their reach from 44 cities to 83 cities by adding a branch and 178 franchisees/ sub-brokers to their network. They continued their focus on secondary equity market, wealth management services (both corporate and private) and distribution of financial products.

The company was awarded 'Best Retail Broking House' and 'Fastest Growing Equity Broking House (Large Firms)', by BSE- Dun & Bradstreet for 2010.