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SMC Global Complaints

SMC Global Detail

Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management. SMC Global has a presense in India as well as internationally through offices in Dubai. They have huge network of 50+ branches and 2,400 registered sub-brokers and authorized persons with a PAN-India presence. SMC's Online Trading portal is one stop financial investment portal of SMC Global Ltd. They offers online trading... Know more about SMC Global

Complaint against SMC Global Broker

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

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

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

SMC Global Complaints

Exchange Financial Year Total Complaints Active Clients
BSE 2021-22 3 39,807
NSE 2021-22 65 154,089
NSE 2020-21 112 135,863
BSE 2019-20 6 31,963
NSE 2019-20 48 113,513
BSE 2018-19 9 28,399
NSE 2018-19 43 107,689
BSE 2017-18 5 51,753
NSE 2017-18 58 103,047
BSE 2016-17 9 37,837
NSE 2016-17 55 74,227
BSE 2015-16 24 36,657
NSE 2015-16 86 64,231
BSE 2014-15 33 28,542
NSE 2014-15 92 63,148
BSE 2013-14 44 307,885
NSE 2013-14 116 55,627
BSE 2012-13 49 294,405
NSE 2012-13 159 253,314
BSE 2011-12 81 271,495
NSE 2011-12 202 228,248

SMC Global complaint at NSE

2021-222020-212019-20
Active Clients154089135863113513
Complaints6511248
Resolved through the exchange489043
Non actionable11135
Advised / Opted for arbitration200
Pending for redressal with exchange490
No. of arbitration filed by clients835
Decided by arbitrators in favour of the clients302
Decided by the arbitrators201
Pending for redressal with arbitrators533

SMC Global complaint at BSE

2021-222019-202018-19
Active Clients398073196328399
Complaints369
Resolved through the exchange368
Non actionable020
Advised / Opted for arbitration010
Pending for redressal with exchange001
No. of arbitration filed by clients000
Decided by arbitrators in favour of the clients000
Decided by the arbitrators000
Pending for redressal with arbitrators000

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

4 Comments

4. RAKESH KUMAR BAHL  Mar 24, 2020 5:44:27 PM I Like It. | Report Abuse Reply
Sir,
Please refer trailing mail where in SMC was requested to
refund the amount wrongly transferred to them. Despite
reminders and fulfillment of all the formalities I have yet to
be received the refund amount. Sir there is no need of broker
like SMC who are used to misguiding the investors and hold
their funds even after reminders for refund for no reasons. They
are big Cheater.
regards.

RAKESH KUMAR BAHL
3. GoriShanker  Jan 13, 2019 4:37:29 PM I Like It. | Report Abuse Reply
SMC is Fraud company. They are cheaters.

In July,2018 Month got call from your executive Miss. Ishani Singh and she offered me below mention:

- International tour voucher with 20 years membership for club.
- 12 years health insurance for two people(Insured & Nominee).
- Life cover of of my parents(Insured & Nominee).
- Reversal of credit card charges in case of converting to EMI option.

When Bharti Axa confirmation call was about to come: Ishani requested not to disclose offer detail.

Later got only below mention:
- Policy bond paper on name of other name; incorrect information, not as discussed
- Tour voucher.

When asked for correction in policy Ishani forward my call to Rahul Dev:
Rahul promised to correct all detail and arrange everything within 4 days, During free look up period.
He also informed me that correction request sent to Bharti Axa, everything will get correct. After that he start refusing my calls and every time telling me new story.

After that Ishani also telling me new story but nothing is happening.
Both also informed me that because document correction request has been raised so policy can be cancelled from their end only, myself need not to go anywhere.

Now every day trying to reach them, First they will not answer call, If answered than we are in meeting or some one else will tell they are in meeting and never gets calls back.
Some time Ishani will be in hospital, Some time Rahul friend's father expired all time new excuses.

When I realized SMC has cheated me since 3 weeks following up for policy cancellation and refund, They told refund process will be complete between 5 days but nothing happening since 7 Months.

Following up with below people, since 7 Months.
Ishani Singh:+91-9643407894
Rahul Dev:+91-9354636088
Rohan:+91-9354636088
Prachi:+91-8587099304

Victim,
Gauri Shankar
+91-9911433863
3.1. SUBRATA SARKAR  Jun 17, 2019 12:27:49 PM I Like It. | Report Abuse
I have experienced the same and persons referred are the same. It seems it is in the full knowledge of SMC and they are enticing unsuspecting customers in buying their products.

Subrata Sarkar
2. Neeraj gupta  Apr 30, 2019 8:42:43 AM I Like It. | Report Abuse Reply
Be aware of ishani singh n dhananjay,meethi meethi baatein karke ladko ko fasati hai,tour travel ka offer deti hai,hotel me milne ka offer deti hai,or bhi bahut kuch dene ka offer karti hai jo wo de sakti hai
1. Neeraj gupta  Apr 30, 2019 8:37:46 AM I Like It. | Report Abuse Reply
Be aware of ishani singh n dhananjay,meethi meethi baatein karke ladko ko fasati hai,promise karti hai hotel me milne ki,tour travel ka free offer deti hai or bhi bahut kuch dene ka offer karti hai.jo wo de sakti hai