KAYNET FINANCE LTD Consumer Complaints

Complaint against KAYNET FINANCE LTD Broker

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

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

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

KAYNET FINANCE LTD Consumer Complaints

Exchange Financial Year Number of Clients   ? Total Complaints  ? %
NSE 2020-21 305 1 0.33%
NSE 2019-20 1,355 92 6.79%
NSE 2018-19 2,969 11 0.37%
NSE 2017-18 3,387 38 1.12%
NSE 2016-17 3,031 15 0.49%
NSE 2015-16 2,908 13 0.45%
NSE 2014-15 2,692 15 0.56%
NSE 2013-14 2,511 19 0.76%
NSE 2012-13 9,530 8 0.08%
NSE 2011-12 5,676 19 0.33%


Defaulter Yes/NoYes (Expelled)Yes (Expelled)No
No. of clients at the beginning of the year
No. of active clients30513552969
No. of complaints received *19211
Resolved through the exchange069
Non actionable **1860
Advised / Opted for arbitration001
Pending for redressal with exchange001
No. of arbitration filed by clients15
Decided by arbitrators in favour of the clients14
Decided by the arbitrators02
Pending for redressal with arbitrators01
% of No. of complaints as against No. of active clients0.326.780.37
% of complaints resolved as against complaints received10010090.9


No complaints found at BSE.


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


Are you a day trader?


Sanjeev verma
5. Sanjeev verma  Mar 31, 2020 13:58 I Like It. | Report Abuse Reply 0
I had my Demat account in Delhi from last many years but i came to know that my all the holdings are not there in my account. My account is transferred to Anand rathi share brokers from where it is disclosed. I had app.10 lakh rupees value of shares . Now I don't know what to do to get my holdings back. So help me.
4. vijay  Oct 23, 2019 18:20 I Like It. | Report Abuse Reply 0
Delhi office closed without intimation, nobody attending call even though in pune also. No reply on helpline
Arpit Jain
3. Arpit Jain  Sep 11, 2019 17:20 I Like It. | Report Abuse Reply 0
I was opened D- Mat account at Kaynet finance and broker ltd. JAIPUR branch. which has been closed without intimation. I am trying to contact with Kaynet team but not getting to connect anyway, all given numbers are showing wrong and also not replied from helpdesk mail, i have account in Kaynet and also have shares in D-mat account, i am very afraid to lost money as may be closed all business by Kaynet Please contact with me asap
3.1. Rounaq  Oct 18, 2019 12:25 I Like It. | Report Abuse 0
I am also facing the same issue. Please share your number
Tanvi Pareek
2. Tanvi Pareek  Sep 2, 2019 13:09 I Like It. | Report Abuse Reply 0

Tanvi PareekI
I was opened D- Mat account at Kaynet finance and broker ltd. JAIPUR branch. At that time i requested that the change E Mail ID should be change and the completely filled request form taken by executive, also jaipur branch closed without intimation, Now we suffer to closed my D- Mat account , company also square up my stock without intimate the process of payment the AMC. Kindly provide me my D Mat closer form (complete set i.e. Trading and D Mat account closer form). I have mentioned the change e mail id as under.
1. Akash  May 23, 2016 18:48 I Like It. | Report Abuse Reply 0
I am investor named Akash Jain (Id: 104A16), had opened a demat account 01 month ago in Kaynet Finance Limited through its Relationship manager named Kushang Mohan,

He asked me to deposit Rs.10,000/- for margin money and started to trade in currency.
But i asked him not to buy more lots/quantities as i am very small investor and could not invest for than this.
Despite of that he asked to for more margin and after i deposited total Rs.65,000/- in demat account only because of Kushang Mohan, as he told me otherwise i may suffer loss.
After fews days i again asked him to transfer whole amount in my account. But he did not do this and again bought 30 lots of GBP currency. He did not made "Order Call" before buy and in the evening when i came to know that he has bought so many units and i asked why are you doing this. As market was going down, he again bought 60 lots.
after that collapsed and he make my loss of Rs.70,000/- approx.In the starting i did not give trade confirmation on automatic call then he told me to accept it otherwise you may incur loss. Therefore i used to confirm the automatic call for trade confirmation and he took the benefit of it and cheated with me.

I also tried to register my grievances to Kaynet Finance Limited helpdesk and still they are not helping me.
As relation ship manager cheated me and made so many transaction without informing me and against my wishes which results loss to me.

You may also review the trail mail to see all my mails to helpdesk of Kaynet and their reply.

Request you to register my grievance and help me in getting my money back as i am very small investor and unable to bear this loss.

Thanks & Regards
Akash Jain

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