Destimoney Complaints

Destimoney Securities Pvt Ltd (Destimoney Securities), a Mumbai-based broking house operates in equity cash market, equity derivatives, currency futures and debt market segments. Other services offered by the company includes demat services and Distribution of Financial Products like mutual funds, IPOs amongst others. Destimoney Securities has membership in equity cash and derivative segments of both NSE and BSE. It also acts as a DP with CDSL. It facilitates commodity trading through its associ... Know more about Destimoney

Complaint against Destimoney Broker

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

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

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

Destimoney Complaints

Exchange Financial Year Total Complaints Active Clients
NSE 2016-17 16 6,805
BSE 2015-16 5 4,362
NSE 2015-16 13 6,519
BSE 2014-15 3 1,295
NSE 2014-15 42 10,000
BSE 2013-14 8 43,347
NSE 2013-14 33 7,601
BSE 2012-13 9 38,269
NSE 2012-13 27 38,364
BSE 2011-12 19 30,251
NSE 2011-12 36 29,809

Destimoney complaint at NSE

Active Clients6805651910000
Resolved through the exchange151341
Non actionable000
Advised / Opted for arbitration101
Pending for redressal with exchange000
No. of arbitration filed by clients429
Decided by arbitrators in favour of the clients329
Decided by the arbitrators107
Pending for redressal with arbitrators100

Destimoney complaint at BSE

Active Clients4362129543347
Resolved through the exchange33
Non actionable00
Advised / Opted for arbitration00
Pending for redressal with exchange20
No. of arbitration filed by clients00
Decided by arbitrators in favour of the clients00
Decided by the arbitrators00
Pending for redressal with arbitrators00


  • * 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 Destimoney


1. satyabrath  Jun 10, 2016 5:33:22 PM I Like It. | Report Abuse Reply
On 12/03 Suyog patil from Destimoney securities pvt ltd (Called on the the name of bajaj finance) approached me for this scheme (insurance against finance loan). I am facing this issue with your company from more than two months regarding release of finance on purchasing insurance of Bharti AXA (As per there Scheme). It was committed by Mr Suyog Patil that on purchase of this insurance the money will be released to me within 20 days, its more than 2 months now but still I have not received any money. I need to chase every time and every time I get same the response saying “details are not yet updated in database". Where as all details were already provided to them by me. I think this is careless and lazy approach of Destimoney securities pvt ltd staff. I am really disappointed with the service that I am getting from your staff and will never recommend anyone to purchase policy from your company. The staffs are just not bothered about client’s money - what kind of client service you are providing.
I suffered loss by trusting you and don’t want someone else to face the same. I will make sure no one else gets trapped in this fraud by your company. I will lodge FIR for this fraud as well if required.
Branch Address: 4th Floor, 271, Business Park, Industrial Estate, Off Western Express Highway, Goregaon East, Mumbai, Maharashtra 400063.

Several time I asked them to respond through official ID however they only say yes to me and then nothing happens.

Current advisers who were taking care of my case are:
1)      Arya Patil(associate)- id RD0000146
2) Prashant (associate)
3)Swapnil (there boss)
First date I got was 20th April 16 then they said due to lack of information in database now it will get credited on 1st week of May, after that I got a date of at the end of May 16.Mr Swapnil said one last call from Chennai dept is pending once that is done within 07 working days we will resolve your matter and then I got a date of 10 June 16 and now when I asked them for confirmation on payment they are again giving me new date of 20th June.

It feels like its fraud and they are just using people money.