Institutional Equities

Good and clean practices powered by differentiated and meticulous research

With innovative, thought-provoking research and powerful investment strategies for institutions, Institutional Equities at Ambit cuts through the clutter across the brokerage landscape in India. Our team has been consistently awarded by Asiamoney and has been well rated by Institutional Investor as well. Our state-of-the-art algorithmic trading platform enables clients to access liquidity in the Indian stockmarket at the best possible prices. As a corporate member of the Bombay Stock Exchange and National Stock Exchange of India, we create value for investors seeking opportunities to grow in the Indian capital market.


MOST INDEPENDENT BROKER 2015 | 2016 | 2017

MOST IMPROVED BROKER 2012 | 2013 | 2014 | 2015 | 2016 | 2017

Leadership TEAM


Nitin Bhasin

Managing Director & Head of Equities Research, Institutional Equities, Ambit Capital


Nitin Bhasin heads the research team at Ambit Capital and predominantly covers Engineering & Construction, Infrastructure, Cement and Building Materials sector. He has over 16 years of experience, including 14 years in equity research.

Prior to joining Ambit, Nitin has worked with Execution Noble, Kotak, Emkay and Way2Wealth where he covered diverse sectors in India.

Nitin is a Charted Accountant, Company Secretary and a CFA (Level-II) and holds a Masters degree in Accounts, Statistics and Financial Management from Kurukshetra University.


Dhiraj Agarwal

Managing Director & Head of Sales, Institutional Equities, Ambit Capital


Dhiraj Agarwal leads the sales team at Ambit Capital and has 25 years of experience in financial markets.

Prior to joining Ambit, Dhiraj was head of sales at Standard Chartered India. He also worked with firms like SSKI Securities where he started his career in Equity Research and CLSA. Dhiraj has also spent 3 years on the buy side with Boyer Allan Investment Management Ltd., a UK based hedge fund. While Dhiraj was at SSKI he started and headed Sharekhan.

He is an MBA from the Indian Institute of Management Bangalore and a graduate from Shri Ram College of Commerce, Delhi.


Raman Jauhar

Managing Director & Head of Sales Trading, Institutional Equities, Ambit Capital


Raman Jauhar heads Ambit's institutional sales trading and execution team, and serves on the board of Ambit Capital Private Limited.

Prior to joining Ambit Capital in 2016, Raman has been associated with Edelweiss Securities and Nomura Financial. In his 12 years in the industry, Raman has had an experience in trading both, cash equities and equity derivatives. He also helped launched one of India's first indigenous electronic trading platforms for institutional trading at Edelweiss.

Raman is a Mechanical Engineer from the Indian Institute of Technology, Delhi and holds an MBA from the Indian Institute of Management, Ahmedabad.

Download Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don't's) in Vernacular Language :

Assamese Bengali Gujrati Hindi Kanada
Kashmiri Konkani Malyalam Marathi Oriya
Punjabi Sindhi Tamil Telegu Urdu

Note:"This document is a translated version of the client registration documents in English and is being provided in vernacular language to facilitate better understanding by the investors. In case of any ambiguity, the contents of the English version would prevail."


Contact us

Visit Ambit Research Website

ambit_logo Ambit Capital Private Limited


SEBI Stock Broker Regn.-INZ000259334 (Member of BSE (CASH) – 3081, Member of NSE (CASH/F&O/CD) - 12476 | SEBI Depository Participant Regn.-IN-DP-CDSL-374-2006 | SEBI Portfolio Manager Regn.- INP000002221 | SEBI Research Analyst Regn. - INH000000313 | SEBI Merchant Banker Regn. - INM000012379| AMFI Regn No. - ARN-36358

In case of investor grievance, mail us at [email protected]

You can also lodge your grievances with SEBI at

Filing complaints on SCORES – Easy & quick – Easy & quick
a. Register on SCORES portal
b. Mandatory details for filing complaints on SCORES:
  i. Name, PAN, Address, Mobile Number, E-mail ID
c. Benefits :
  i. Effective communication
  ii. Speedy redressal of the grievance

Attention Investors (Issued in the interest of Investors):

• KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

• CDSL communique no. CDSL/OPS/DP/POLCY/2017/176 dated April 05, 2017 advises that the Beneficial Owners (BOs) should submit/update their Aadhar Card copy with the Depository Participant.

• Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day. Issued in the interest of investors.

• No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Investor Awareness regarding the revised guidelines on margin collection:

1.Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2.Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3.Pay 20% upfront margin of the transaction value to trade in cash market segment.

4.Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5.Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai – 400013 | Tel No. 91-22-3982 1819 | Fax: 91-22-3982 3020



Disclaimer for US Person

This website is intended for publication / distribution of material directly or indirectly only to "Major Institutional Investors" (“MUSII”) as defined by Rule 15a-6(b)(4) of the U.S. Securities and Exchange Act, 1934 (the Exchange Act) and interpretations thereof by U.S. Securities and Exchange Commission (SEC) in reliance on Rule 15a 6(a)(2). If the person(s) accessing this website is not a Major Institutional Investor as specified above, then it should not access the same and exit from the website. Further, credentials / login provided to the user and viewed on the website should not be copied, duplicated and /or transmitted onward to any other person, specifically to someone who is not the Major Institutional Investor.

In reliance on the exemption from registration provided by Rule 15a-6 of the Exchange Act and interpretations thereof by the SEC in order to conduct certain business with Major Institutional Investors, Ambit Capital Private Limited has entered into an agreement with a U.S. registered broker-dealer, Ambit America Inc. Transactions in securities mentioned on the website should be effected through Ambit America Inc.

Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by any entity in the Ambit Group including Ambit Capital Private Limited, including the products and services described herein are not available to or intended for U.S. persons (Other than MUSIIs).

This website and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.

“Ambit Group” means Ambit Pvt. Ltd. and/ or any of its subsidiaries.