About Sushil Finance
Company Overview
Sushil Finance is an India-based financial services provider registered in Mumbai, with its official domain at sushilfinance.com. According to our records, the firm was founded on July 17, 2019, although the broker's website claims a history dating back to 1982. The company describes itself as a stock broker and investment solutions provider, offering access to equities, mutual funds, fixed income products, and insurance.
The broker operates primarily in the Indian market, targeting domestic retail and institutional investors. Its registered address is 12, Homji Street Fort, Mumbai-400 001. Sushil Finance maintains a social media presence across Facebook, Instagram, LinkedIn, Twitter/X, and YouTube, but it does not hold any regulatory licence from a major financial authority, based on our independent verification against official registers.
Regulatory Status
Our records indicate that Sushil Finance has no active regulatory licence from any known financial regulator. The broker's website, however, displays SEBI registration numbers and claims compliance with Indian securities regulations. We cross-checked these claims against the SEBI public register but could not confirm a valid licence. This discrepancy raises caution: the absence of verifiable regulation means that trader protection mechanisms such as compensation schemes or dispute resolution are not guaranteed.
Investors should be aware that trading with an unregulated entity carries inherent risks. The broker's own compliance page includes risk disclosures and policy documents, but without independent regulatory oversight, the enforceability of these policies is uncertain. In FXCanary's assessment, the lack of a confirmed licence is a significant factor in evaluating the broker's trustworthiness.
Products and Markets
Sushil Finance offers a range of traditional financial products, primarily focused on Indian securities. These include equity trading (cash and derivatives), mutual funds, fixed income instruments, and insurance solutions. The broker does not appear to offer leveraged forex or CFD trading, which is commonly associated with retail forex brokers. Instead, its product suite aligns with a typical Indian stockbroker.
The broker highlights its Margin Trading Facility (MTF), which allows clients to buy shares on margin, and its online trading platform Savashare. While these products are standard for the Indian market, the lack of regulatory confirmation means that the terms and conditions of these services may not be backed by a recognized authority.
Platforms and Tools
According to its website, Sushil Finance provides multiple trading platforms, including a web-based platform called Net.Net and a dedicated online trading portal at savashare.in. The broker also offers client portals for backoffice reports, demat account management, and mutual fund tracking. These platforms are designed for trading in Indian equities and derivatives.
The broker's website mentions features such as virtual keyboard for security and proxy settings for connectivity. However, we found no independent user reviews or third-party evaluations of these platforms. The availability of mobile trading apps is not explicitly mentioned, but given the broker's range of digital tools, it is likely that mobile access is available.
Account Types and Funding
Sushil Finance's website does not provide detailed information about account types or minimum deposit requirements. Based on its product offerings, it appears to cater to both retail and high-net-worth clients. The broker likely requires standard Know Your Customer (KYC) documentation for account opening, as is mandatory for Indian securities brokers.
Funding methods are not explicitly listed, but given the broker's focus on Indian clients, bank transfers, UPI, and net banking are plausible options. The absence of clear account tier information and fee schedules on the website makes it difficult for potential clients to compare costs upfront.
Company Background and History
While our records show a founding date of 2019, the broker's own timeline claims a legacy beginning in 1982 with BSE membership and IPO distribution. The milestone page on its website outlines three phases: 1982-1996 (Sushil 1.0), 1996-2008 (Sushil 2.0), and 2008-2021 (Sushil 3.0). It claims to have been among the top 5 brokers in the country and ranked as the 11th best brokerage house by Asiamoney in 2003.
This discrepancy between our official records and the broker's self-reported history is notable. It may indicate that the broker has undergone restructuring or that the current entity was established more recently, taking over an older brand. Traders should verify the broker's legal registration and history before engaging.
Target Audience
Sushil Finance appears to target Indian investors seeking traditional stockbroking services. Its offerings are suitable for equity traders, mutual fund investors, and those looking for fixed-income products. The broker does not seem to cater to international clients or forex traders.
Given the lack of verified regulation, this broker may appeal primarily to traders comfortable with domestic Indian brokerages that operate without direct oversight from global regulators. However, for traders accustomed to regulated forex brokers, the absence of a known licence is a deterrent.
Overview compiled by FXCanary from regulatory records and public data. full Sushil Finance review