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Leadership with 100 years of Combined Experience

It took two decades of Focused Research by the leaders to arrive at
the right answers and solutions to your queries

Krishna N Narnolia

Founder & CMD

Mr. Narnolia is the CMD of Narnolia Group of Companies. Under his leadership the company has emerged as one of the fastest growing and most respected brands in the country,

Shailendra Kumar

Co-Founder & CIO

Mr. Kumar has over 20 years of experience in research & fund management. He has created 69 indexes including India's most broad & comprehensive EW All Share Index & the very first EW Islamic Index".

Vineeta Sharma

Head of Research (Equity)

Ms. Sharma has over twelve years of experience in equity research & portfolio management. Over the years she has evolved her distinct style of growth stock investing.

Keval Bhanushali

CEO- Broking & Distribution

Mr. Bhanushali has an overall experience of 15 years in Wealth Management, Investment Banking, Broking and NBFC Business. He is considered a specialist in building organizations from nascent stages.

Pankaj Harlalka

CEO - Investment Banking

Mr. Harlalka has over 15 years of experience in the Investment Banking sphere, working very closely with the Managements of SMEs.

Products and Services

Truly world class. Truly Personalized


Recognised as the ‘Most Consistent Portfolio Manager of the Country’ by BSE - Tefla in 2018, Narnolia has generated superior risk and tax adjusted return on an absolute, relative and consistent basis.

Mutual Funds

Mutual funds sahi hai, provided one can select the right scheme(s) to invest in and then keep a track of it. 3 stage 13 filtration research process is applied by Narnolia to identify leaders of tomorrow.

Fixed Income

There is a need for an alternative to traditional instruments like FD due to the declining long-term interest rates. Hence, our team of experts created a Multi-asset strategy framework aimed at generating ~25-33% superior tax-adjusted returns in the long-term. Read More >>


Fundamental, quant, technical, derivatives & all other tools under one roof along with 100 years of experience enabled us to build a framework where traders can do their own research, get research calls, or consult with experts directly.

Wealth Management

Our team of advisors with the support of investment & asset class experts help our investors to know, understand and prioritize their financial goals so that we can devise customised solutions and keep a track of it for them.

Corporates & Institutions

Index Management

There is nothing absolute in this world of relativity. The fund management and advisory activities should be measured and compensated by their capability to generate higher return at a given risk compared to the no brainer relevant benchmarks.

In view of the non availability of relevant benchmarks in the country, Narnolia's research only initiative 'Eastwind' developed 69 objective Indices including the world famous and widely tracked All Share Index (ASI), Indo Islamic Index, launched with the mandate from the PMO by Smt. Shiela Dixit amidst an august gathering of representatives from various countries, ministries and judiciary. These Indices are used by various corporates as well to measure and compare their own performances. UTI became the first AMC to use this benchmark for their funds.

Institutional Broking

Emerging as one of the fastest growing institutional brokerage firm, owing largely to our proprietary process and data driven multi asset, multi strategy research framework. With over two decades of experience and expertise of Indian and global markets we offer trading and research solutions to diverse segment of institutional investors including- insurance companies, pension funds, mutual funds, foreign portfolio investors, hedge funds and treasuries of major banks.

  • 50+ highly skilled team of research analysts with proven track record of delivering research that works on an absolute and relative basis.
  • Widest quantitative fundamental research on 99.5% of Indian market capitalization using our innovative tools such as earning momentum, earning quality and price scores.
  • Insightful, detailed and deep qualitative fundamental research with financial models, management interaction on about 250 stocks.
  • Regular research report on companies under coverage along with sector comparative reports.
  • State of the art technology and skilled sales team to provide compliant, personalized, customized and best in class research and trading solutions to our institutional clients.
  • State of the art technology and skilled sales team to provide compliant, personalized, customized and best in class research and trading solutions to our institutional clients.

Our Esteem Clients:

HDFC Pension Fund, SBI Life, LIC Pension Fund, UTI, LIC Mutual Fund, UCO Bank, Axis Bank, Punjab National Bank, Andhra Bank, Union Bank, SBH, SBBJ, Allahabad Bank, Central Bank of India, Union Bank, J&K Bank, Canara Bank, Dena Bank, Sriram Mutual Fund, Dhanalakshmi Bank, Bank of Maharashtra & many more.

Investment Banking

Our research-driven approach makes our people engaging and innovative advisors. Our business is built upon strong relationships and uncompromising ethical standards. We aim to create significant value for entrepreneurs and stakeholders by partnering with them at an early stage and growing with them all the way by facilitating the right growth and capitalization strategies. Our experience of evaluating businesses over the years has enabled us to optimally mobilize resources for our corporate and institutional clients. Our people are intensely - and perpetually - client-focused. Clients in turn appreciate our knowledge, integrity, teamwork and quality of execution.

As SEBI registered Merchant Bankers we are carrying out assignments in the sphere of public offerings, private equity, and institutional placements. We also execute mergers and acquisitions, strategic consolidation and divestitures.

Our Esteem Clients:

Rupa & Co, Century Plyboards, Khadim India, Emami, Shyam Steel, Berger Paints, Srijan Realty, Bazaar Kolkata, Anmol Biscuits, Dhunseri Petrochem, Royal Infraconstru, Warren Tea, Star Cements, Skipper, Vishnu Sugar Mills, Megatherm Electronics, Ramkrishna Forgings, Lumino Industries, GPT Infraprojects, Himadri Chemicals, Hind Syntex, Cheviot Company, Techno Electric & Engineering Co, Dalmia Laminators, Associated Pigments, Strides Arcolab & many more.

Need more Reasons to Believe us.

Look what others have to say!

  •   Narnolia Securities has played a pioneering role by bringing professionalism in investment management and advisory services.Its contribution to democratising investments are praise worthy.  
    Dhirendra Kumar CEO - Value Research
  •   Narnolia Financial Advisors in a short span has become perhaps, the largest franchisee group of the country. This can be attributed to the professional and customers focused approach of the entire team. This coupled with the man management skills of Mr. Krishna N Narnolia will drive the organization to even greater heights.  
    Nandagopal CEO & Country Head / Reliance Life Insurance
  •   "I give great credit to Narnolia ji for his great vision that how he has set up the operations & this is how big companies are formed because he wants to be the best in the country and these companies only flourish as the major companies of the country."  
    Sandeep Singh Country Head, Malaysia / Franklin Templeton
  •   I am really impressed by the company and its people for their sincerity, honesty, dedication and complete transparency. I am a guy who does not get impressed so easily and I am now fully satisfied and the value addition they are giving to my money is quite appreciable and I wish this company grow more and more.  
    R.P. Ritolia Client & Former CMD - CCL
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