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Aditya Birla Money Complaints

Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securities Depository Limited ('NSDL') and the Central Depository Services (India) Limited ('CDSL'). The comp...

Complaint against Aditya Birla Money Broker

Aditya Birla Money brokerage complaints report provide detail about the number of complaints received by the stock exchanges from the Aditya Birla Money customers. The Aditya Birla Money complaints report analyzes the Aditya Birla Money online complaint data provided by BSE and NSE. This report shows the health of the broker.

These complaints are serious grievances against Aditya Birla Money broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The Aditya Birla Money complaint no. report also provides Aditya Birla Money’s number of active clients. This shows the growth of the broker year on year.

Aditya Birla Money Complaints

Exchange	Financial Year	Total Complaints	Active Clients
BSE	2021-22	3	16,712
NSE	2021-22	37	64,666
BSE	2020-21	2	16,293
NSE	2020-21	75	55,562
BSE	2019-20	5	16,123
NSE	2019-20	32	43,387
BSE	2018-19	4	13,754
NSE	2018-19	63	41,090
BSE	2017-18	11	24,376
NSE	2017-18	48	54,857
BSE	2016-17	8	22,921
NSE	2016-17	57	40,316
BSE	2015-16	10	23,305
NSE	2015-16	45	39,497
BSE	2014-15	13	35,612
NSE	2014-15	41	42,742
BSE	2013-14	18	228,019
NSE	2013-14	72	41,531
BSE	2012-13	23	219,163
NSE	2012-13	67	216,256
BSE	2011-12	63	205,276
NSE	2011-12	123	201,235

Aditya Birla Money complaint at NSE

	2021-22	2020-21	2019-20
Active Clients	64666	55562	43387
Complaints	37	75	32
Resolved through the exchange	29	65	24
Non actionable	6	7	1
Advised / Opted for arbitration	0	0	1
Pending for redressal with exchange	2	3	6
No. of arbitration filed by clients	1	4	8
Decided by arbitrators in favour of the clients	0	3	8
Decided by the arbitrators	0	1	2
Pending for redressal with arbitrators	1	1	0

Aditya Birla Money complaint at BSE

	2021-22	2020-21	2019-20
Active Clients	16712	16293	16123
Complaints	3	2	5
Resolved through the exchange	3	1	5
Non actionable	0	0	0
Advised / Opted for arbitration	0	0	0
Pending for redressal with exchange	0	1	0
No. of arbitration filed by clients	0	0	0
Decided by arbitrators in favour of the clients	0	0	0
Decided by the arbitrators	0	0	0
Pending for redressal with arbitrators	0	0	0

Note:

* Including against its sub brokers, authorised persons, employees, etc.
** Non actionable means the complaint that are incomplete / outside the scope of the Stock Exchange

Read more about Aditya Birla Money

10 Comments

10. Devendra Singh Oct 4, 2021 7:35:49 PM

Very poor customer service
On 1st day when download app and apply for demat ac they call me 10-12 time and talk like I m Rakesh jhunjhunwala . After 10 days still waiting for account opening , nobody's receiving call on customer care no. and no reply from toll free no.

9. Venkat Molleti Sep 28, 2021 10:03:52 AM

Pathetic customer service. ABC does not value their customers' grievances. Mostly do not bother to respond, even if they do ... that will be vague and irresponsible. They dodge a complaint in such a way that often it die its own death.

8. Bhaskaran Apr 5, 2021 5:06:39 PM

Aditya birla Money ,the services are pretty bad .
They do not respond our calls .even if you call the landline the HO in Guindy doesn't pick up the call.
When we forward the details for updation ,they will never do that . even after so many reminders they normally don't do.
They do not care for their clients.even if we visit the HO and meet in person ,things wouldn't process as we expect.
they takes their own sweet time /delay indefinitely , one day they will wake up and do it
such a worst service from ABM

7. M. Pavan Kumar Mar 31, 2021 2:11:20 PM

Dormant, Hopeless, useless and Shameless customer care personnels.

6. JHARNA CHAKRABARTY Sep 29, 2020 9:10:53 PM

Worst customer service offered by abml I want to activate my client Id 223121 from July 2020 but they refused to activate account with silly cause.i have submitted all documents required by them with sell attested POA&POI I Sincerely request to look after the matter

5. VARUN GUPTA Mar 19, 2020 10:31:22 AM

Aditya birla group is such big NUISANCE that they lock you terminals when trade goes against you. Moreover if you want to place stop loss they WILL already jam your terminal. If you try call and trade it will take 5 min for you to reach till customer care. I am going to take them to customer forum for readdressal of my losses. This broker should be penalized under criminal act of laws.

4. Kamal Bihari Feb 11, 2020 9:08:07 PM

For activating my trading account 702581 after two weeks of follow up they are asking to clear debit balance where as I want that first activate account and then sell stock to clear the debit amount.

3. BRAJESH KUMAR SINGH Jun 1, 2019 12:13:20 PM

Pathetic experience .....charged brok. .08% and .80 % after showing .02% and .20%. No customer service. Pathetic in all front.

2. Vasumathi Jan 29, 2019 7:35:17 PM

WITHOUT MY CONSENT 8 ASIAN PAITNTS SHARES WERE DEBITED ARBITRARILY TODAY. Nobody is picking my telephone calls. Even my calls o the head office are getting terminated at the abml end.

1. RAJEEV SHARMA May 29, 2018 7:57:03 PM

VERY POOR & NEGLIGENCY SERVICE