What did Anand Rathi's Internal Inquiry Committee discover?

The committee discovered a fraud amounting to approximately Rs 13 crore involving off-market share transfers.

Who was involved in the Anand Rathi fraud?

The fraud involved unknown individuals in connivance with employees of Anand Rathi IT Private Limited.

What steps is Anand Rathi taking after the fraud?

Anand Rathi is taking necessary steps to strengthen internal controls to prevent recurrence.

Home / Business and Economy / Rs 13 Crore Fraud Shakes Anand Rathi Brokerage

Rs 13 Crore Fraud Shakes Anand Rathi Brokerage

6 Feb

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Summary

Rs 13 crore fraud discovered by Anand Rathi's Internal Inquiry Committee.
Fraud involved off-market share transfers from a client's Demat account.
Company is strengthening internal controls to prevent future fraud incidents.

Rs 13 Crore Fraud Shakes Anand Rathi Brokerage

Anand Rathi Share and Stock Brokers announced on February 6, 2026, that its Internal Inquiry Committee has identified a fraud totaling approximately Rs 13 crore. This incident involves unknown individuals working with employees of Anand Rathi IT Private Limited, a group company.

The fraud specifically targeted depository activities, not broking operations. It resulted in off-market share transfers valued at Rs 13 crore from the Demat account of a client based in Pune. The company is implementing measures to reinforce its internal controls to prevent any recurrence of such incidents.

Despite this fraud discovery, Anand Rathi reported strong financial performance for the quarter ending December 2025. Net profit surged by 30% to Rs 100 crore, and total revenue increased by 25% to Rs 306 crore year-on-year. Assets Under Management also saw a significant 30% jump.

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