Find Your Franchise

Know everything about Nirmal Bang Franchise Business Opportunity here.

Incorporated in 1986, Nirmal Bang is an online stockbroking platform that claims to have 6,000+ franchise outlets across the country.

With its head office in Mumbai, Nirmal Bang currently caters to the requirements of people looking for investment in equity and derivatives trading, forex trading, commodity trading.

After becoming a Nirmal Bang Sub Broker, you will provide all these services to clients.

Anybody can become a Nirmal Bang partner and a franchise partner if they meet the basic eligibility criteria to hit the operation.

Nirmal Bang Franchise Business Opportunity - Snapshot

Line of Business

Sub Broker

Unit / Shop Area

200 - 300 Sq. Ft.

Commission% / Revenue Sharing

40% - 75%

Infrastructure Investment

Rs.1 Lakh - Rs.250,000

ROI Timeframe

3 Month

Nirmal Bang Sub Broker or Franchise Review & Ratings

Revenue Sharing

4.31 / 5

Franchise Fee & Infra Investment

4.24 / 5

Support & Training

4.12 / 5

ROI Timeframe

4.18 / 5

Brand Value

4.16 / 5

Overll Ratings

4.20 / 5

Star Ratings

Overview of Nirmal Bang Sub Broker Franchise


Finance & Money

Line of Business

Sub Broker

Organization Type


Head Office



Rahul Arora, CEO

Founded In (year)


No. of Franchise Outlets


Master Franchise Model


Franchise Tenure


Franchise Location

All over India

Business Set-Up Time

1 Month

Franchise Commencement Year


With the term partnership, we meant partnering with Nirmal Bang’s broking platform for a commission or attractive revenue sharing.

You simply need to promote the broker’s services to your friends or other people in your network. Right now, you can partner with Nirmal Bang in three different ways.

You can opt to become a Nirmal Bang sub-broker. Otherwise, you can become a partner or join the refer-and-earn program.

Every partnership program comes with some particular terms and conditions that must be met at any cost.

For example, you may see differences in every program’s investment requirements and earning potential.

Nirmal Bang Franchise – Business Models

Check out various business models of Nirmal Bang Sub Brokership.

Business Models Revenue Sharing
Sub Broker 65% – 75%
Partner 40% – 50%
Refer and Earn Rs.500 per Client

Nirmal Bang Sub Broker Model

A business entity, company, or an individual with a good track record of catering to the financial history is most welcomed as a Nirmal Bang sub broker.

The onboarding manager provides a personalized level of training to each applicant in this program.

Simultaneously, this helps them understand the overall business model of the sub-broker partnership.

You could be a mutual fund distributor, chartered accountant, or financial planner. If you have a higher level of education, you can readily attract 65% to 75% commission per client.

This means you will be more than an equal business partner.

Nirmal Bang Partner Program

The second Nirmal Bang partner program makes you a business associate. The partnership is based on equal revenue sharing.

That’s why, compared to a sub-broker, less investment is made by the partner. With a dedicated support desk and centralized web-based back-office access, the franchiser will actively assist you.

All you will need is an excellent confidence level, knowledge of the stock market, and convincing skills to convert people into prospective buyers of your website.

Each partner draws 40%–50% commission per client.

Nirmal Bang Referral Program

If you don’t have those exceptional skills desired from a sub-broker or partner, as described by Nirmal Bang, you can join the refer and earn program.

The Nirmal Bang refer and earn program replicates the standard affiliate program in which you retain the right to a specific commission per referral order.

You only need a well-established online portfolio; minimum followers are a must-have.

Hereafter, get the unique referral link from the broker, share the link with your connection, and ask them to use it to create an account at Nirmal Bang if they are interested in stock market investment.

The program will give you Rs 500 in brokerage cash back on every single referral.

Nirmal Bang Franchise Investment & Fees

Sub Broker Franchise Fee

Rs.50,000 - Rs.1 Lakh

Partners Fees


Infrastructure Investment

Rs.50,000 - Rs.1 Lakh

Nirmal Bang franchise cost is one such factor more likely to attack the decision-making of aspiring joiners. So, let’s put it in simple words.

A sub-broker must pay a joining fee before starting, which is Rs 50,000–Rs 1 lakh. Similarly, business associates or partners are required to pay Rs. 5,000 upfront.

An amount whopping between Rs 50,000 and Rs 1 lakh would go into the setup phase if you were opening a franchise outlet.

With this, you will either have to own a unit or shop area of 200–300 sq ft or take any suitable property on lease. However, the refer-and-earn program is free of all such costly terms.

Nirmal Bang Sub Broker Commission / Revenue Sharing / Royalty

Sub Broker Commission

65% - 75%

Stock Broker Commission

25% - 35%

Partners Commission

40% - 50%

Stock Broker Commission

50% - 60%

Referral Commission

Rs.500 per Client

Stock Broker Commission


It comes as no surprise that Nirmal Bang’s partner commissions are subject to change. Not every sub-broker will receive a fixed commission rate, which is pretty much confirmed.

The broker has set a range between 65% and 75% commission. You can attract an upper limit if you bring quality customers to the Nirmal Bang Broking platform.

The franchisor will draw 35% to 25% of the total revenue. As a sub-broker, your best efforts should be seen in bringing some super-loyal customers to the Nirmal Bang stock broker.

Nirmal Bang Business Partner ROI Details

In Months

3 Month

The return on investment earned by a Nirmal Bang partner is less attractive than Nirmal Bang sub-broker returns.

Still, they are good enough to achieve your revenue goals. As a business partner, you receive 40%–50% returns on the total revenue generated by Nirmal Bang from your referral customer.

In other words, the stockbroker will keep 50%–60% of the total revenue. ROI details are shared quarterly, every three months.

So plan your accounting work accordingly. Try not to set any higher expectations. You can take minimum ROI inputs into account when planning in advance.

Nirmal Bang Sub Broker Profits & Expenses

Monthly Revenue
No. of Active Clients 180
Daily Trades per Clients 2
Avg. Volume per Trade 2,50,000
Brokerage per Trade 0.10%
Trading Days in 1 Month 3
Total Brokerage Revenue 1,68,750
Sub Broker’s Share (70%) 1,18,125
Monthly Expenses
Office Rent (Co-working Space) 15,000
1 Telecaller Cost 13,000
1 Dealer Cost 16,000
Misc. Expenses 5,000
Total Cost 49,000
Monthly Profit
(Revenue – Expenses) 69,125
Profit Margin 41%

A brief evaluation of Nirmal Bang sub broker profits is necessary. As discussed, sub-broker has the right to 65% – 75% revenue sharing in the partnership program.

But this excludes expenses. All costs you pay for the conversions will be determined by you as a sub broker. Such as, office rent would be high in top-tier cities.

Similarly, you will be hiring 1 tele caller, and evaluating other expenses at the same time. Create total of these expenses including miscellaneous ones, and eliminate them from the total revenue.

The obtained value will be your profits.

Nirmal Bang Partner Profits & Expenses

Monthly Revenue
No. of Active Clients 180
Daily Trades per Clients 2
Avg. Volume per Trade 250000
Brokerage per Trade 0.10%
Trading Days in 1 Month 3
Total Brokerage Revenue 1,68,750
Partner’s Share (50%) 84,375
Monthly Expenses
1 Telecaller Cost 15,000
Misc. Expenses 5,000
Total Cost 20,000
Monthly Profit
(Revenue – Expenses) 64,375
Profit Margin 38%

The Nirmal Bang Partner’s Profits come after a standard calculation of expenses and revenue generated.

However, the detailed report on this is shared live by the broker with its partners through a dedicated terminal.

The details shall comprise the total number of active clients, trades executed by them, and total revenue that they have generated for the broker.

Similarly, revenue sharing is done based on the agreed commission percentage. From here, eliminate all expenses and costs.

The ultimate profit figure will be what the partner can keep in their pocket.

Master Franchise of Nirmal Bang - Information

Franchise Fee


Infrastructure Investment


Commission% / Revenue Sharing


Nirmal Bang Franchise Infrastructure Requirement

Shop / Unit Area

200 - 300 Sq. Ft.

Employee Strength

Minimum 2

Research / Advisory


Trading Terminals Set-up


Telephone Lines


Computer / Internet Connectivity




CCTV Set-up


Infrastructure setup is a considerable parameter that needs to be analyzed by every sub-broker or business associate.

As you aim to acquire the Nirmal Bang franchise, you should determine the cost of the rental shop or unit, which should not exceed 200–300 sq ft.

Apart from office space, furniture, appliances, team members, and other inventories are part of the picture.

That’s why the broker has given an early estimate of the overall setup cost. In other words, the infrastructure setup can take anything between Rs 50,000 and Rs 1 lakh of investment.

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Support Provided by Nirmal Bang Partner Program

Service Pricing




Client Interaction Training


Relationship Manager Support


Back-Office Support


Trading Support


Advisory Support


Marketing Support


Business Management Software


Website Support

Not Available

Operation Manual


Training Manual


A Nirmal Bang sub broker receives complete support across multiple areas of business. Simply put, the broker provides support across service pricing segments.

Support for special offers will be available to keep the business running smoothly. Trading support, marketing support, back-office support, and many other support areas are available there.

Besides website support, comprehensive assistance is issued to the sub-broker, which enables them to always stay responsive towards clients and the stockbroker.

Problem resolution is given in real-time through this notable merit.

Franchise of Nirmal Bang - Marketing Support

Unit Interior & Exterior Ads


Local Advertisement


Digital Marketing


Television Advertisement

Not Available

Prints Advertisement

Not Available


Not Available

Through extensive marketing support, Nirmal Bang empowers its network of business associates and franchise partners.

Such as one of the basic problems faced by a Nirmal Bang authorized person is commonly associated with attracting the first prospective client.

Given this, the broker offers customers an extensive list of marketing solutions. In a nutshell, you will be assisted with unit interior and exterior ads, local advertising, and digital marketing.

Moreover, the broker also conducts television ads, print advertisements, and events and seminars. As a result, you gain a significant push in promotional activities and marketing programs.

Training provided by Nirmal Bang Sub Brokership

Product Information Training


Dealers Training


Service Training


Initially, challenges are quite common. But the broker proactively addresses these issues and assists its business partners through training.

Except for Nirmal Bang affiliate partners, sub-brokers and business associates will receive client interaction, product information, service, and dealer training.

As an aspiring employee, having complete knowledge of the overall business model of Nirmal Bang isn’t essential. The broker will guide you across multiple areas from scratch.

Nirmal Bang Authorised Person - Products 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


Types of products and services offered to the Nirmal Bang franchise are a must-have point to be noted in the diary.

Like most other online stock brokers, Nirmal Bang offers online investment and trading services across various financial instruments, such as equity, derivatives, mutual funds, commodities, and currency.

Apart from that, loans against securities, forex trading, and institutional broking services are also available.

However, not every partner can access the client’s products and services equally. Simply put, some services may be provided through a franchise outlet but not through a business associate.

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Franchise for Nirmal Bang - Revenue per Customer





Equity Options

Rs.35 Per Lot

Equity Futures




Currency options

Rs.20 Per Lot

Currency Futures


Franchisee Qualification required by Nirmal Bang & Milk Franchise

Age Limit

21 years & above

Business Experience


Academic Qualification

No Restriction

Documents Required to Start Nirmal Bang 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


Nirmal Bang Partner or Sub Broker Dashboard

Check out link of Nirmal Bang Franchise Dashboard.

Partner / Sub Broker Dashboard Link

Nirmal Bang’s partner dashboard is a one-stop destination for partners where they can keep track of their best- and least-performing clients.

However, it won’t give you a detailed summary of the client’s performance.

The dashboard just gives you a basic idea of how many clients you have sent to the broking platform and what conversion has been reported from the given numbers.

The partner dashboard even features other necessary things, with all alerts and information also shared separately.

Nirmal Bang Franchise Login

As you aim to start a business dealing with Nirmal Bang, you must ascertain the Nirmal Bang franchise login details.

As a sub-broker, you must give the Nirmal Bang email ID, phone number, and other requisite details.

Hereafter, you will use this login detail to access the Nirmal Bang dashboard, designed exclusively for its network of business associates and partners.

Nirmal Bang Sub Broker Benefits

Given below is a list of Nirmal Bang sub broker benefits explained so you can decide better:

  • Wide-ranging support facilities
  • Flexibility in franchise selection
  • Attractive commissions start at 40% per client
  • Extensive focus on training and improving its network

Nirmal Bang Franchise Drawbacks

Don’t forget to consider the Nirmal Bang franchise drawbacks to stay clear about your ultimate judgment.

  • No website support
  • High partner joining fee
  • A lesser-known Broking platform

Nirmal Bang Partner Program: Conclusion

We have some notable things to conclude for the Nirmal Bang partner program.

Nirmal Bang has been operating since 1986, actively providing financial services to customers interested in the financial market.

The broker offers three partnership programs with commissions, and ROI starts at 40% to 75% per client, one of the highest in this industry.

With extensive training and an excellent support solution, the broker also lessens potential challenges.

FAQs on the Nirmal Bang franchise business

Check out some really important FAQS on Nirmal Bang Affiliate Partner Program.

Does Nirmal Bang have an authorized person?

Yes, Nirmal Bang does have an authorized person to whom the broker gives some excellent benefits.

Moreover, the broker gives equal and independent status to these partners to keep them ahead of the curve through exceptional training and marketing.

How Many Affiliate Partners Does Nirmal Bang Have?

Nirmal Bang has over 6,000 franchise outlets. With this, you can get an idea of the affiliate partner network, which will likely be even bigger and better.

What Is The Nirmal Bang Referral Agent?

Nirmal Bang referral agents could be influencers or just traders with a great fan following on online platforms. However, Referral agents can attract Rs 500 per brokerage from clients.

How Can I Become A Nirmal Bang Associate Partner?

Anybody aged 21 or older with excellent financial market knowledge can become a Nirmal Bang associate partner. Please read the eligibility requirements carefully before proceeding.

How Much Can I Earn As A Nirmal Bang Partner Or Dealership?

One can earn between 40% and 50% as a Nirmal Bang business partner. In other words, the partner agrees to share equal revenue.

Am I Eligible to start a Nirmal Bang Partnership Agency?

Your expertise, working profession, and age determine whether you can launch the Nirmal Bang Partnership Agency in your city.

Do I Need to Have a Nirmal Bang Trading Account?

Yes. All partners must open a Nirmal Bang Trading account to access certain perks and rewards in their trading and demat accounts.

How Much Do I Need to Invest in Becoming Nirmal Bang’s Authorized Partner?

The minimum investment requirement is Rs 50,000–RRs 100,000 if you plan to become Nirmal Bang’s authorized partner.

How Can I Track My Earnings with Nirmal Bang?

Partner can track their earnings with the Nirmal Bang through a centralized dashboard where all information related to a partner’s growth, payments, and real-time conversion is shared.

Is it safe to partner with Nirmal Bang?

The Broking platform was established in 1986 and so far has scaled to a distribution network of 6,000+. In short, it is 100% reliable to partner with Nirmal Bang, and it is safe to become Nirmal Bang’s partner.


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