Our founder, Mr. Darashaw Master was
a pioneer of the Indian debt market and contributed to its
development and expansion. He was responsible for the
induction of the erstwhile princely states and several other
brokers into the debt markets. Darashaw had the distinction of
being the Sole Broker to the Nizam of Hyderabad, the then
single largest player in the capital markets.
The seventies witnessed a tremendous growth in the banking
sector, following its nationalisation. Darashaw, under Mr.
Keki D. Mehta, continued to contribute to the development of
the market. Mr. Mehta was involved in the policy changes
initiated by the Reserve Bank of India to make its market
intervention techniques more effective. He was also a member
of the Bombay Stock Exchange’s committee on audit and
reporting systems for the broking community. Mr. Mehta, a
qualified chartered accountant, is on the boards of various
Over the last decade India has seen explosive growth of
volumes and products in the financial sector, heightened
activity in trading, development of sophisticated risk
management tools like derivatives and structured products. The
third generation at Darashaw has been instrumental in the
education of investors and regulators and the innovation of
first ever deals.