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Recently incorporated Mandot Securities Franchise is an advanced full-fledged brokerage house in India. It has grown and developed into a company offering exceptional financial services.

Its dedicated team provides unbiased financial services. Mandot Securities ensures higher profits to investors without huge risks.

The full-fledged franchise offers the Mandot Securities Partner, sub-brokership, and refer & earn program.

This article sheds light on Mandot Securities Sub Broker Program. You can uncover its business models, support facilities, infrastructure requirements, ROI, and more.

Chola Wealth Franchise Business Opportunity - Snapshot

Line of Business

Sub Broker

Unit / Shop Area

150 - 200 Sq. Ft.

Commission% / Revenue Sharing

50% to 75%

Total Investment

Rs.5,000 - Rs.1,00,000

ROI Timeframe

2 Month

Chola Wealth Sub Broker Review & Ratings by FranchiseByte

Revenue Sharing

3.69 / 5

Franchise Fee & Infra Investment

3.26 / 5

Support & Training

4.12 / 5

ROI Timeframe

3.90 / 5

Brand Value

4.01 / 5

Overall Ratings

3.80 / 5

Star Ratings

Overview of Chola Wealth Sub Broker Franchise


Finance & Money

Business Line

Sub Broker

Organization Type


Head Office

Indore, MP


Vimal Mandot

Founded In (year)


No. of Franchise Outlets


Master Franchise Model

Not Available

Franchise Tenure


Franchise Location

All over India

Business Set-Up Time

15 days

Franchise Commencement Year


Mandot Securities is an Indian stock broker with various financial products. Vimal Mandot is the man behind the firm’s incorporation in 2014.

The head office of this private organization is in Indore, Madhya Pradesh. The franchise started operating in 2015. And now, it is located in different Indian cities with 100+ franchise outlets.

Even though the firm has been in the business for nine years, it has become one of India’s successful financial service providers.

Mandot Securities aims to expand the business as a leading financial service provider worldwide. The company’s main motive is to give investors huge returns without risk.

With an overall rating of 3.8, the brokerage house is a BSE and NSE registered partner. Moreover, the franchiser works as the CDSL’s depository participant.

It takes around 30 days to activate the Mandot Securities Sub Broker code. Authorized persons and Remisiers are paid within 35 days period.

Mandot Securities Franchise – Business Models

Here are 3 major business models of Mandot Securities Sub brokership.

Business Models Revenue Sharing
Sub Broker 60% – 75%
Partner 50% + Rs.250 per new Client
Refer and Earn Rs.250 per new Client

Mandot Securities Sub Broker Model

Mandot Securities Sub Broker business model enables the organization to dilute its business rights among experienced authorized persons.

The business model attracts people who desire to do business on behalf of the primary broker. In return, the firm rewards sub-brokers with a lucrative commission.

Two factors influence the sub-brokers commission. The first factor is the varying amounts of security deposit. And revenue on the company’s offerings is another factor.

Moreover, sub-brokers will be free to run the business as they desire. As a Mandot Securities’ authorized person, you can earn 60% to 70% revenue share.

Mandot Securities Partner Model

Mandot Securities Partner model is complementary to the authorized person business model. It is the best business model for people who want to become franchise partners while working individually.

It implies that, like sub-brokers, partners will be free to run their businesses as they desire.

Moreover, you will not need to have any infrastructure. Simply put, a partner will work as an agent of Mandot Securities.

The firm has fixed a 50% revenue share for its partners. Apart from this revenue percentage, partners also get Rs. 259 on adding a new customer to the broker’s portfolio.

Mandot Securities Referral Program

Mandot Securities Refer and Earn program is your go-to solution if you want to earn money without investment.

Anyone with relevant experience and a vast client base can become the franchise’s referral agent. Mandot Securities rewards Rs.250 on getting new customers.

You will refer customers to the firm. You can ask for a commission if these customers deal in the stock market through the broker.

Chola Wealth Franchise Cost & Fees

Sub Broker - Franchise Fee

Rs.25,000 - Rs.50,000

Partner - Franchise Fee


Infrastructure Investment

Zero - Rs.50,000

The organization fixes multiple revenue slabs. Similarly, they also have different security deposit slabs. These commission slots differentiate between an authorized person and a partner.

For instance, the company’s sub-brokers pay more security deposits than Remisiers.

The Mandot Securities Franchise Cost for authorized persons varies from Rs.25,000 to Rs.50,000. And the brokerage house charges Rs.5,000 from its partners.

The lower limit for the franchise fee charged from the sub-brokers is Rs.25,000. And the upper limit is Rs. 50,000. Sub-brokers need to invest in infrastructure for smooth business operations.

Therefore, the Infrastructure Investment charges that Mandot Securities specifies are zero to Rs.50,000.

Chola Wealth Sub Broker Commission / Revenue Sharing / Royalty

Sub Broker Commission

60% to 75%

Stock Broker Commission

25% to 40%

Partner Commission

40% to 50% + Rs.250 per new Client

Stock Broker Commission

50% to 60%

Referral Commission

Rs.250 per new Client

Stock Broker Commission

Flat 100%

Sub-brokers / Authorized Persons: With more responsibilities, Mandot Securities’ sub-brokers also get more commission.

An authorized person can have a 60% to 75% commission by adding more clients to the primary broker’s portfolio. In comparison, the franchise itself retains approximately 25% to 40% commission.

Partners: Mandot Securities Partner Commission is less than sub-brokers due to fewer responsibilities.

A Remisier can earn 40% to 50% commission from the franchise. Moreover, the broker credits Rs. 250 per new customer in the partner’s account. 50% to 60% is the stock broker’s commission share.

Referral Agents: Mandot Securities have a fixed Rs. 250 commission for referral agents. You get Rs. 250 on referring a new client.

Chola Wealth Business Partner ROI Details

In Years

2 Month

Mandot Securities has recently entered the financial market. But it enables business partners to get higher returns.

Sub-brokers and partners have the freedom to operate their businesses at their convenience.

Moreover, they can pitch freely the company’s products or services to customers. With this, they can increase their chances of earning more profits.

The company allows elevating the Mandot Securities Sub Broker Returns after two months. It is a break-even period.

Mandot Securities Sub Broker Profits & Revenues

In this table, you will find out all details on Mandot Securities Sub Broker Profits & Profit Margins.

Monthly Revenue
No. of Active Clients 250
Daily Trades per Clients 1
Avg. Volume per Trade 2,50,000
Brokerage per Trade 0.22%
Trading Days in 1 Month 1
Total Brokerage Revenue 1,37,500
Sub Broker’s Share 1,03,125
Monthly Expenses
Office Rent (Co-working Space) 12,000
1 Telecaller Cost 13,000
1 Dealer Cost 15,000
Misc. Expenses 3,000
Total Cost 43,000
Monthly Profit
(Revenue – Expenses) 60,125
Profit Margin 44%

The brokerage house has come up with this formula to calculate its total revenue:

Number of Active Clients x Daily Trades per Client x Average Volume per Trade x Brokerage per Trade x Trading Days in 1 Month.

Mandot Securities use a 250-active customer base. The enterprise’s total brokerage revenue is Rs. 1,37,500 (250*1*2,50,000*0.22%*1).

A sub-broker retains a 75% share, and the revenue is Rs.1,03,125. The total telecaller, dealer, office rent, and miscellaneous expenditure is Rs.43,000.

The partner’s total cost is subtracted from total revenue to measure Mandot Securities Sub Broker Profits.

Their profit is Rs. 60,125, and they get a margin of 44% on the profit.

Mandot Securities Partner Profits & Expenses

Know about Mandot Securities Partner Profits & Revenues here.

Monthly Revenue
No. of Active Clients 250
Daily Trades per Clients 1
Avg. Volume per Trade 2,50,000
Brokerage per Trade 0.22%
Trading Days in 1 Month 1
Total Brokerage Revenue 1,37,500
Partner’s Share (40%) 68,750
Monthly Expenses
1 Telecaller Cost 13,000
Misc. Expenses 3,000
Total Cost 16,000
Monthly Profit
(Revenue – Expenses) 52,700
Profit Margin 38%

The brokerage house has come up with this formula to calculate its total revenue:

Number of Active Clients x Daily Trades per Client x Average Volume per Trade x Brokerage per Trade x Trading Days in 1 Month.

Mandot Securities utilize a 250-active client base. The organization’s total brokerage revenue is Rs.1,37,500 (250*1*2,50,000*0.22%*1).

A Remisier retains a 40% share, and the revenue is Rs.68,750. The total expenditure is Rs.16,000. The total cost is subtracted from total revenue to measure Mandot Securities Partner Profits.

Their profit is Rs. 52,700 and gets a margin of 38% on the profit.

Master Franchise of Chola Wealth - Information

Franchise Fee


Infrastructure Investment


Commission% / Revenue Sharing


Chola Wealth Partner Program Infrastructure Requirement

Shop / Unit Area

100 - 200 Sq. Ft.

Employee Strength

Minimum 1

Research / Advisory


Trading Terminals Set-up


Telephone Lines


Computer / Internet Connectivity




CCTV Set-up


Mandot Securities Franchise is very specific when it comes to infrastructure requirements. Sub-brokers should follow these infrastructure requirements:

  • An office space ranging from 100 to 200 sq. ft. Moreover, the office must have at least one employee.
  • An active telephone line along with a computer and internet connection.
  • CCTVs must be installed in the office.
  • Some optional infrastructure requirements are installing air conditioner units or trading terminals.

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Support extended by Chola Wealth Sub Broker Franchise

Service Pricing




Client Interaction Training


Relationship Manager Support

Occasionally Available

Back-Office Support


Trading Support


Advisory Support

Occasionally Available

Marketing Support

Partially Available

Business Management Software

Not Available

Website Support

Not Available

Operation Manual


Training Manual


Mandot Securities Sub Broker can leverage these considerate support facilities:

  • Service Pricing and Offers
  • Client Interaction Training enabling business partners to interact seamlessly with investors or traders.
  • After specific intervals, you can ask for Relationship Manager, Advisory, and Marketing Support.
  • BackOffice and Trading Support for an authorized person.
  • Operation and Training Manual makes it possible to run businesses as per Mandot Securities’ instructions.

No Business Management Software and Website Support exists for Mandot Securities’ authorized persons.

Franchise of Chola Wealth Sub Broker - Marketing Support

Unit Interior & Exterior Ads


Local Advertisement


Digital Marketing

Not Available

Television Advertisement

Not Available

Prints Advertisement

Not Available


Not Available

The brokerage house provides up-to-date marketing support to the Mandot Securities Authorized Person. Unit Interior & Exterior Advertisement support helps sub-brokers with marketing.

Displaying advertisements all over the premises and local area aids in promoting the franchise’s offerings.

Moreover, Local Advertisement support is available to enhance the effectiveness of marketing strategies.

Training provided by Chola Wealth Partner Program

Product Information Training


Dealers Training


Service Training


Mandot Securities Affiliate Partner can train himself by joining the company’s training programs:

Product Information Training: Partners can know Mandot Securities’ product offerings with product information training.

The trainers will help business partners master the financial products’ descriptions.

Dealers Training: The award-winning experts in the company specifically curates the dealer training program to help people master skills necessary to trade in the stock market.

Service Training: Delegates can join the service training program to explore Mandot Securities’ financial services.

Chola Wealth Franchise - Products & Services Offered

Equity Trading


Commodity Trading


Currency Trading






Mutual Funds








Demat Services


3 in 1 Acount


IPO Services


Stock Recommendations


Robo Advisory




Exposure or Limit


Mobile App


Web Trading Platform


Trading Terminal


Algo Trading Platform


Basket Trading


The list of Mandot Securities’ financial products is as follows:

  • Mandot Securities Franchise offers Equity trading at nominal brokerage charges. The charges can range from 0.2% to 1%.
  • It offers Currency Future at a brokerage charge of 0.01%.
  • The firm offers Currency Options at a brokerage charge of Rs. 10 to Rs. 20 per lot.
  • Demat Services also help customers register for a well-functioning Demat account.
  • Stock Recommendations, Exposure or Limit, and IPO services
  • A Web Trading Platform, Mobile App, and Trading Terminal enable traders to trade seamlessly in stock instruments.

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Franchise for Chola Wealth - Revenue per Customer





Equity Options

Rs.20 Per lot

Equity Futures




Currency options


Currency Futures


Franchisee Qualification required by Chola Wealth Sub Broker

Age Limit

21 & above

Business Experience


Academic Qualification

No Restriction

Documents Required to Start Chola Wealth Sub Broker Program

Franchise Agreement


Proprietor Aadhaar Copy


Proprietor Photo


Proprietor / Business PAN Copy


Business TAN Copy


GST Registration Certificate


Proprietor / Business Address Proof


Unit / Shop Address Proof


NOC of Unit / Shop


Mandot Securities Sub Broker or Partner Dashboard

Check the link to Mandot Securities Franchise Dashboard.

Partner / Sub Broker Dashboard Link

Mandot Securities Partner Dashboard allows business partners and investors to trade online. Moreover, the trading cost is less. The dashboard gives access to the given features:

  • You can create a watchlist. It will help you know the real-time prices of different stock market instruments.
  • Buying and selling shares from anywhere, at any time.
  • Viewing your Demat holdings.
  • You can transfer your funds instantly.
  • The platform sends notifications about stock market news or updates.

Mandot Securities Franchise Login

You can follow this process for Mandot Securities Franchise Login:

  • Visit the official mobile app or trading platform of Mandot Securities.
  • Fill in the details in the account registration form required by the company.
  • The franchise’s representative will generate an individual specific username and password.
  • Log in to the trading account with your credentials.

Mandot Securities Sub Broker Benefits

Here are the Mandot Securities Sub Broker Benefits:

  • Sub-brokers only require a few business infrastructures. Moreover, they provide decent commission rates. With little to no investment and better commission, an authorized person can earn a higher return on investment.
  • Mandot Securities Franchise delivers an extensive spectrum of financial services. It helps them make more diversified judgments and decisions.
  • The franchise provides top-notch training programs and support facilities. It helps sub-brokers run their businesses efficiently and profitably.
  • Mandot Securities have a team of industry-specific professionals. They help the company’s investors make huge profits without significant risks.

Mandot Securities Franchise Drawbacks

Here are the Mandot Securities Franchise Drawbacks:

  • Mandot Securities is a new entrant in the stock market and, thus, offers limited products and services.
  • Moreover, the company must extend digital marketing support in this technological age.
  • Clients and partners need to pay charges for opening a Demat account.
  • Investors can’t trade in currencies with Mandot Securities.

Mandot Securities Partner Program – Conclusion

Mandot Securities is one of the lowest brokerage companies in India. The brokerage house is a safe platform for trading.

No one can carry out unauthorized transactions in investors’ trading accounts. Mandot Securities Partner Program enables individuals to earn extra bucks without any investment.

Do you have experience dealing in the stock market? If such is the case, Mandot Securities’ business models are your best chance.

FAQs on Mandot Securities Franchise Business

You can learn more about Mandot Securities with these frequently asked questions:

Does Mandot Securities offer Sub-broker Business Model?

Yes, you can work as an authorized person with Mandot Securities. This Indian stockbroker rewards the sub-brokers with a 60% to 70% revenue proportion.

How many Affiliate Partners does Mandot Securities have?

Mandot Securities have recently entered the stockbroker industry. So, it has limited 50+ affiliate partners.

What are the Mandot Securities Referral Agents?

Mandot Securities appoints referral agents to increase its customer base. Referral agents get new traders for the enterprise and earn Rs. 250 for each client.

How can I become a Mandot Securities Associate Partner?

If you desire to work as a Mandot Securities’ associate partner, follow these steps:

  1. Visit the firm’s official site and click the ‘Become e Partner’ tab.
  2. You must complete the registration form along with giving vital documents.
  3. Next, wait for the representative to contact you.

How much can I earn by becoming Mandot Securities Partner or Dealership?

Mandot Securities’ partner business model offers a 40% to 50% revenue share. In addition. a Remisier gets flat Rs. 250 per new trader.

Am I eligible to start a Mandot Securities Partnership Agency?

You must comply with Mandot Securities eligibility criteria to commence partnership agency:

  • The age of applying candidate can be 21 or more.
  • There is no restriction on graduation degree, but the candidate must qualify +2.
  • Having industrial experience is optional.

Is it a Must to have a Mandot Securities trading account?

The candidate seeking business with the enterprise must have a Mandot Securities account. You can become its business partner only after completing the account registration process.

What is Mandot Securities’ franchise infrastructure fee?

The franchise charges for individuals wanting to work as authorized partners are Rs. 5,000. Their infrastructure investment cost can be between 0 to Rs. 50,000.

How can I track my earnings with Mandot Securities?

You can visit the Mandot Securities’ trading site or mobile app to view your current earnings. Once you log in to the app, explore the ‘Track Earnings’ tab.

Is Mandot Securities safe to become a business partner?

Mandot Securities offers a safe trading process by registering at the SEBI, NSE, BSE, and CSDL. You can legally buy and sell financial instruments with the broker.


Get 70% Revenue Sharing Now!Become Sub Broker