5paisa is one of the leading online discount brokers in India. 5paisa Capital Ltd. was a subsidiary of IIFL which later listed on BSE and NSE in Nov 2017. 5paisa's major shareholders are still the same as IIFL Holdings Limited's major shareholders.
IIFL Holdings Limited is a Mumbai based diversified financial services company ranked amount the top 10 independent financial services firms in India. IIFL was the pioneer in the retail broking industry in India.
5paisa started its operations in March 2016 and become a No. 2 discount broker in Dec 2018. 5paisa offers online trading at BSE, NSE, MCX and NCDEX. It also offers Demat Account, Mutual Funds (regular and direct) and Insurance products.
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