Mumbai, April 13: The Association of NSE Members of India, the apex body representing over 800 stockbrokers across the country, has announced that Mr. Kamlesh D. Shroff has assumed office as the 33rd President of ANMI, effective April 1, 2026.
A seasoned market veteran with over four decades of experience in the Indian capital markets, Mr. Shroff is the MD of The Omniscient Securities. His professional footprint spans memberships across exchanges. A long-standing pillar of ANMI, Mr. Shroff has earlier served the association as Director and Chairman of the Western Region. He has also played an important role in shaping key ANMI initiatives such as StockTech and the ANMI International Convention.
As he takes charge, Mr. Shroff will drive ANMI’s 5-point manifesto for 2026-27, aimed at making it aligned to the evolving needs of India’s capital market ecosystem. The five priority areas for the year are:
1. Member-driven ANMI: India’s capital market participation is now at unprecedented scale. Total demat accounts across the depository system crossed 21.6 crore by December 2025, while unique registered investors stood at 12.7 crore as of 31 January 2026, underlining both the rapid expansion and the widening depth of retail participation. In this backdrop, ANMI’s member-driven agenda will focus on ensuring that brokers, who remain the critical last-mile interface between investors and markets, have a stronger institutional voice in shaping operational, regulatory and market-development priorities.
2. International presence: India’s capital markets are no longer seen only through a domestic lens. India remained one of the world’s leading IPO markets in 2025, with a record 367 IPOs raising US$22.9 billion, while GIFT IFSC saw 57 debt issuances raising about USD 6.99 billion in FY2024-25. ANMI’s international outreach agenda will benefit by way of stronger international engagement can improve visibility for Indian intermediaries, support cross-border capital flows, encourage adoption of global best practices, and strengthen India’s positioning as a deeper, more globally connected financial market.
3. Advocacy with Policy makers and regulators: The regulatory architecture around intermediaries is expanding quickly. In 2025 alone, a technology-based framework for monitoring system audits of stock brokers, and a review of the framework around technical glitches in brokers’ electronic trading systems. ANMI’s policy advocacy with MoF, SEBI and RBI would focus on reforms like optimum weekly expiry days, colocation in commodity markets, optimising taxes like STT/CTT, enhanced participation in different asset classes.
4. New products with Exchanges: India’s exchange ecosystem today already spans equity, equity derivatives, currency derivatives, commodity derivatives, interest rate derivatives, and fixed income and debt products. Yet participation across segments remains uneven. SEBI’s intermediary data shows 4,936 equity-segment stock brokers, but only 741 in the debt segment, 1,513 in interest rate derivatives, and 2,012 in commodity derivatives. That gap signals a growth opportunity. ANMI’s agenda to work with Exchanges on new products such as freight futures and weather indices, deepen liquidity in under-penetrated segments.
5. Investor education: SEBI has launched a Verified Label for stock trading apps of SEBI-registered brokers on Google Play Store, and also rolled out an AI-driven calling campaign to promote the SEBI Check tool and validated UPI handles. ANMI’s investor education pillar should align with this new reality and investor protection should work on initiatives such as avoiding misuse of dormant / nil balance d-mat accounts, PAN / KYC lending etc.
Commenting on assuming office, Mr. Kamlesh D. Shroff, National President, ANMI, said,
“I am honoured to take on the responsibility of leading ANMI at a time when the Indian capital markets are witnessing rapid transformation and rising global interest. For 2026-27, our focus will be firmly anchored in a 5-point manifesto that puts members at the centre, strengthens ANMI’s policy voice, expands our international presence, supports product innovation with Exchanges, and reinforces our commitment to investor education. We will work towards ensuring that ANMI remains a constructive, credible and future-oriented voice for the broking community.”
