Complaint against DBFS SECURITIES LTD Broker

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

These complaints are serious grievances against DBFS SECURITIES LTD broker which the broker and customer failed to resolve. The customer then filed these legal complaints with the stock exchange.

The DBFS SECURITIES LTD complaint no. report also provides DBFS SECURITIES LTD’s number of active clients. This shows the growth of the broker year on year.


Exchange Financial Year Total Complaints Active Clients
NSE 2021-22 2 8,104
NSE 2020-21 3 7,456
BSE 2019-20 1 1,849
NSE 2019-20 7 9,153
NSE 2018-19 3 8,050
BSE 2017-18 2 2,937
NSE 2017-18 11 11,321
BSE 2016-17 1 2,633
NSE 2016-17 5 10,239
NSE 2015-16 3 8,708
BSE 2014-15 1 1,222
NSE 2014-15 6 10,082
BSE 2013-14 3 14,509
NSE 2013-14 3 8,854
NSE 2012-13 6 32,564
BSE 2011-12 3 8,176
NSE 2011-12 2 29,023


Active Clients810474569153
Resolved through the exchange226
Non actionable001
Advised / Opted for arbitration000
Pending for redressal with exchange010
No. of arbitration filed by clients
Decided by arbitrators in favour of the clients
Decided by the arbitrators
Pending for redressal with arbitrators


Active Clients184929372633
Resolved through the exchange121
Non actionable000
Advised / Opted for arbitration010
Pending for redressal with exchange000
No. of arbitration filed by clients000
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000


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


3. Rakesh  Jun 7, 2021 5:55:46 PM I Like It. | Report Abuse Reply
One of the Fraud Stock Broker in India, their customer support & Higher management always mislead you and won't provide resolution to any concern. Very arrogant management and doesn't bother about their client this is the main reason they are loosing their customer instead other are adding.
I am not getting any contract notes, ledger summary, transactions reports since OCT,2020 but still their were not able to resolve the issue and even not responding to emails. Even their Website( showing wrong contact numbers which never connected and client need to scold their management and their management too are sending worst response to client which show HUGE FRAUD service.
I have contacted with Jenson P J(Head- Business & NBFC operations, DBFS) , Johnkutty James(GM & Company Secretary) & Mr. Gibi(who is managing Bangalore Branch) but not a single proper response from DBFM team since OCT,2020.

SEBI has to take strict action against these type f FRAUD BROKERS and their management.

I never recommend anyone to open their Demat account with DBFS.
2. Shueb Mohammed  Jan 4, 2019 12:45:57 PM I Like It. | Report Abuse Reply
My name is Shueb Mohammed mulla I had a account with you in 2008 it wasn't got activated as promised and I closed it in around 2012 now from last 1 year I am getting email about my account statement on email I'd as shuebmulla@gmail. When the account is closed for 5 6 years how it is activated again .there is no branch in belgaum it's closed long time ago .I tried to call bangalore office but no one is taking call there .Plz do the needful and close the account.
1. channayya  Sep 27, 2018 3:05:24 PM I Like It. | Report Abuse Reply
very big frad campani and karnataka reginal hed G B mativ is so lair frod