Dhan
Overview
Dhan is an online trading and investment platform founded in 2021, designed to provide an efficient and feature-rich experience for traders and long-term investors. It operates under Moneylicious Securities Private Limited and has quickly gained traction in India's financial services sector. Based in Mumbai, Dhan is spearheaded by founder and CEO Pravin Jadhav, previously associated with Paytm Money. The platform has seen notable growth and development since its inception, largely due to its focus on integrating advanced trading tools and supporting a wide range of asset classes.
Recent Developments
- February 2025: Dhan is negotiating a new funding round with ChrysCapital and is expected to raise between $100-150 million, potentially elevating its valuation to over $1 billion, making it a unicorn. This funding aims to diversify into other financial services and enhance competitive positioning.
- October 2024: Dhan reported a net profit of ₹155 crore for FY24, a significant reversal from the previous fiscal's net loss, on gross revenues of ₹380 crore. This was a 600% increase year-over-year.
- July 2024: It was reported that Dhan is looking to raise $100 million to further expand its operations and innovate its service offerings.
- May 2024: The platform deepened its integration with TradingView, allowing users to trade directly from TradingView charts, enhancing its appeal to technical traders.
- December 2023: Dhan launched a mutual fund distribution service, reflecting its expanding portfolio to encompass a broader spectrum of investment products.
- September 2023: Dhan acquired Moneylicious Securities to integrate its offline brokerage operations, aimed at consolidating its position in online brokerage.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2021 |
| Headquarters | Mumbai, India |
| Founders | Pravin Jadhav |
| Revenue | ₹380 crore FY24 |
| Profits | ₹155 crore (FY24) |
| Industry | Financial Services |
| Number of Employees | Approximately 381 |
| Key Investors | Mirae Asset Ventures, BEENEXT |
Early History
Dhan was launched by Pravin Jadhav, who brought his extensive experience from his leadership role at Paytm Money. The inception of Dhan was marked by its ambition to offer a seamless, technology-driven trading experience tailored specifically for active traders and long-term investors. From its early days, Dhan aimed to differentiate itself through advanced technological integration, including strategic features such as paperless onboarding and real-time data analytics, which quickly garnered a strong user base from both novice and experienced traders.
Company Profile and Achievements
Dhan operates on a unique business model that combines advanced trading tools with user-centric features designed to enhance trading efficiency. Noteworthy for its commitment to customer-first principles, Dhan offers:
- A user-friendly app and web platform that allow trading in equities, commodities, currencies, futures, and options.
- Integration with TradingView for advanced charting capabilities, which supports traders with a detailed analytical toolkit.
- A rapidly expanding customer base, reaching 740,000 active traders as per recent reports.
- Recognition in the industry for technological innovation, evidenced by numerous accolades, such as 'Best Options Broker'.
Current Operations and Market Position
Dhan remains a significant player in the Indian financial services market, competing with major platforms like Zerodha and Groww. Its integration with real-time analytics and user-friendly applications helps maintain its competitive edge, catering to both retail investors and seasoned traders. As of February 2025, Dhan has fortified its market position through strategic expansions and technological enhancements, aiming to reach a wider audience through its web-based platforms and innovative trading features.
TradingView
Dhan has significantly augmented its offering by partnering with TradingView, allowing users to conduct thorough technical analysis directly through the platform. This integration facilitates seamless trading across various asset classes, utilizing TradingView's state-of-the-art charting tools and community-driven insights. This partnership underscores Dhan's commitment to providing traders with the best tools available to optimize their trading strategies.
Dhan Customer Care Number
For customer support, Dhan offers multiple channels, including a dedicated customer service email at help@dhan.co and phone support through (+91) 9987761000. Its support infrastructure is designed to address user queries efficiently, reflecting its customer-first commitment.
Conclusion
Dhan has emerged as a formidable entity in the Indian online trading space, leveraging its technology-led approach and customer-centric ethos. Its ongoing expansion into new financial products and services is indicative of its strategic growth trajectory. As the platform continues to secure significant investment and evolve its offerings, it is well-poised to further impact the landscape of digital trading and investment in India.