Through consistency. Since 1961.
Over the past five decades, since the firm's establishment in 1961, Dalal & Broacha Stock Broking Pvt. Ltd. has provided impeccable financial solutions and services to a wide spectrum of customers with varied needs, ranging from equities and mutual funds; to wealth management and depository services. The firm's value added services include distribution of Mutual Funds, IPOs, and Portfolio Management Services. Over these five decades, the firm has evolved from an execution-focused team to integrated wealth managers. The firm's priority has been to facilitate corporate growth, by expanding its service portfolio to cater to ever evolving investor needs. The firm is currently handling over 20,000 clients, spread over retail, NRIs, corporates, banks, mutual funds, and FIIs. The firm is a member of the Bombay Stock Exchange and the National Stock Exchange in the Cash and F&O segments. It is also a Depository Participant with CDSL.
Sorted by 3-year return. Returns are TWRR, net of fees; CAGR above 1 year.
Aggressive Long Term Capital Appreciation
Large Cap
Long Term Growth
Large Cap
Milind Karmarkar
Fund managerFund Manager, PMS division
Chartered Accountant
A chartered accountant by profession, Milind joined the firm over 30 years ago. He has played a key role in setting up the organisation's research team. He is currently the Fund Manager of the PMS division.
Hriday Dalal
Business development and corporate treasury
The third generation family member to join the business. He leads the focus on business development as well as heads the firm's corporate treasury desk. Hriday has been instrumental in establishing the NRI desk and PMS services for the organisation.
Nailesh P Dalal
CEO & Principal Officer
Nailesh Dalal comes with 35 years of experience in financial solutions. He has played a leading role in the firm's retail and financial functioning. His strength lies in people management and understanding each individual's needs; be it customers or employees.
Nailesh Dalal
Director
Nailesh Dalal is a Director of Dalal & Broacha Stock Broking Private Limited. A BCom and management diploma holder with 38+ years in the field, he handles the firm's retail broking and finance functions, with a focus on individual investors and their financial planning needs.
Vipul Dalal
Institutional business
He has been responsible for building strong institutional relationships over the last 30 years for the organisation. The focus on institutional business increased after Vipul architected the approach, and the firm enjoys a coveted position amongst institutional buyers largely due to his efforts.
Chaitali M. Shah
Compliance Officer
Chaitali M. Shah is the Compliance Officer of Dalal & Broacha Stock Broking Private Limited, reachable at compliance.officer@dalal-broacha.com, +91-22-2282-2992 Ext. 168.
Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.
Nilay Dalal
Business Development
Second of the third-generation family members attached to the business, has worked on various verticals of the business and now has set his focus on business development and maintaining client relationships.
Rohan Dalal
Research
The youngest family member to join the business, plays an important role in strengthening the firm's research potential.
Bhavesh Doshi
Fixed Income & Distribution desk
He has been with Dalal & Broacha for over 25 years and has been responsible for setting up the firm's Fixed Income & Distribution Desk.
© 2026 Wisefolio. Legal and disclaimers