Baljit

Baljit Securities Pvt. Ltd is an Indian stockbroker established on 1 July 2019, headquartered at 7A, Pretoria Street, Kolkata – 700 0071. The firm operates under the brand name 'Equity People' and offers a range of securities trading services including equities, derivatives, commodities, currencies, and IPOs. Despite its active website and client-facing operations, our records show that the broker has no verified regulatory licence on file, although its website references SEBI's Smart ODR platform and exchange-registered authorised persons, implying an attempt to operate within India's regulatory framework.

While the broker's website references SEBI guidelines and provides details of authorised person codes from NSE and BSE, we have not independently confirmed a valid SEBI registration certificate. The known facts from our records list regulators as 'NONE', indicating that the broker has not provided or we have not been able to verify its regulatory credentials. This discrepancy means that potential clients should exercise caution and verify the broker's regulatory status directly with SEBI before engaging.

Baljit Securities offers a typical suite of Indian stockbroking services: equity trading (cash and derivatives), commodity and currency trading, and IPO subscription. The website also features a demat account opening facility. Pricing is advertised as low, with equity at 0.08%, options at Rs. 7.5 per lot, and futures at 0.006%. The broker provides a digital account opening process via eKYC, requiring mobile number verification and Aadhaar/PAN details.

The broker appears to offer a single type of trading and demat account. The account opening page is hosted on a subdomain (backoffice.baljitsecurities.com) and uses a standard eKYC workflow. While the website mentions 'Equity People', it does not provide detailed information about trading platforms (such as desktop or mobile apps). The client bank account details are published in a PDF, indicating a degree of transparency in fund handling.

According to the broker's disclosure, client funds must be deposited only into designated Up Streaming Client Nodal Bank Accounts (USCNBA) with HDFC Bank. Two such accounts are listed with IFSC and cutoff timings. The broker emphasises that these accounts are the only permitted channel for receiving client money and that they are disclosed to stock exchanges. Withdrawal processes are not detailed on the website.

Baljit Securities primarily targets Indian investors and traders interested in equity, derivatives, and commodity markets. Its low pricing and online account opening suggest it is aimed at retail clients. The website content is in English and caters to domestic users, requiring Indian identification (Aadhaar, PAN). International clients would likely be unable to open accounts due to regulatory restrictions.

Founded in 2019, Baljit Securities is a relatively new entrant in the Indian stockbroking space. The registered address in Kolkata places it in a major financial hub. The company has a social media presence on Facebook, Instagram, and YouTube, though activity levels are not apparent from the website. As an unverified entity from a regulatory standpoint, its track record and financial stability remain unconfirmed by independent sources.