About US

Khambatta Securities Ltd, established in 1918, headquartered in the central business district in South Mumbai. We provide entire gamut of financial services and specialized in broker-dealer services in cash equity and equity derivative markets. Our Institutional broking business is empanelled with reputed institutions. We are the member of National Stock Exchange and Bombay Stock Exchange.


Our Team

Noshir Khambatta (CMD)
Sunil Shah (Director)
Satish Betadpur(CEO/Head of Research)

Satish Betadpur, CFA has been working in the financial services industry for more than 22 years. He started his financial services career at TIAA-CREF, one of the worlds largest private pension fund based out of New York City. At TIAA-CREF, he worked in various roles including Equity, Fixed Income, Derivatives and Alternate Assets, rising to the level of Managing Director at the firm. Since relocating back to India in 2004, he has managed multiple businesses within the financial services sector. Satish is a Chartered Financial Analyst (CFA), obtaining his charter in 1996. He holds a Bachelor in Mechanical Engineering, Masters in Mechanical Engineering and Masters in Computer Science from Missouri University of Science and Technology, Rolla, Missouri. He also obtained a MBA in Finance & International Business from University of Illinois, Urbana-Champaign.

Sudhir Joshi (Executive Director)

Born on 15th August 1951, Mr. S K Joshi is a member of the Institute of Chartered Accountants of India. He holds an MBA degree from the University of Hull, UK. He is Ex-Director (Finance) of Bharat Petroleum Corporation Limited (BPCL), a fortune 500 company, engaged in oil and gas sector. He has a vast experience in the industry of over 3 decades. Besides being a head of Finance function, he was looking after the Information Technology and Investor Relations. He has extensively dealt with Global and Domestic Institutional Investors for over two decades. He has closely followed the Investment process of the Foreign Institutional Investors (FII) and Pension Fund in managing there Long Term investments. He was instrumental in formulating the Risk Management policy for BPCL & setting up the derivatives desk for hedging the refining margins. Currently, he is an Executive Director with Khambatta Securities ltd, heading Wealth Management / Investment Advisory Services.

Fathima Khan (Assistant Vice President )

Fathima has over 3 years experience in research, principally into the capital markets and equity research. After training with a pharmaceutical company to be a product manager, Fathima joined the independent research firm IIR Group Plc, where she gained experience as a research analyst specializing in the Pharmaceutical sector until the end of 2010. Currently Fathima looks at the Indian Pharmaceutical sector as AVP, Institutional Research at Khambatta Securities Limited. Fathima obtained a BSc degree from Mumbai University in Microbiology and a MBA in Biotechnology Business Management from the South Indian Education Society College Of Management Studies. She also obtained a Post Graduate Diploma in Securities Market Program from Indian Institute of Capital Markets.

Devang Bhatt (Assistant Vice President )

Devang Bhatt has been working for about five years in the field of Equity Research. During his previous stint with IIR Group Plc he has worked as a Senior Equity Research Analyst covering Telecom & IT companies. He has not only successfully led and handled a team of analyst but also played a vital role in introduction of various value added research products & models in the organization. He holds a Bachelors in Commerce from Mumbai University and has obtained a MBA in Finance from NL Dalmia Institute of Management Studies and Research, Mumbai .

Ronak Jhaveri (Assistant Vice President)

Ronak Jhaveri has over four years experience in research, commodities and equities. On completing his MBA, he joined Anand Rathi Commodities as an associate. Spotting his abilities to analyse data and convert them into a trade, he was soon promoted to a Research Analyst where he covered ferrous and non-ferrous metals. With a strong academic background and as a topper in Finance, he was marked by the Reserve Bank of India for the summer internship programme, where he researched the global financial crisis and analyzed the asset quality of Indian banks. Currently he analyzes large-cap stocks in Metals and Mining as AVP, Institutional Research at Khambatta Securities. He is an MBA Finance from the N. L. Dalmia Institute of Management Studies and Research, Mumbai, a commerce graduate of Mumbai University and a CFA level-2 aspirant.

Raj Jha (Assistant Vice President)

Raj Kumar Jha, a Master in Economics and MMS in Finance from NL Dalmia Institute of Management Studies and Research, has experience of more than five years in Equity Research. His previous assignment was with BNK Capital where he worked as a Senior Equity Research Analyst covering BFSI & Infrastructure sector. Prior to BNK Capital he was in CNI Research Limited where he successfully led a team of research associates while playing a significant role in globalization of the company.