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Master Trust Ltd. Investor Presentation 2026
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Investor Presentation
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mastertrust®
IN MASTER I TRUST
MTL / SEC / 2026-27 / 9
Date: 12th May, 2026
| To, The Manager (Listing) BSE Limited, Floor 25, P.J. Towers, Dalal Street, Mumbai-400001 | To National Stock Exchange of India Ltd, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai–400051 |
|---|---|
| Scrip Code: 511768 | Symbol: MASTERTR |
Subject: GLIMPSE OF FINANCIAL PERFORMANCE AND HIGHLIGHTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2026 OF MASTER TRUST LIMITED
In pursuance to the provisions of Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Glimpse of Financial Performance and highlights for the Quarter and year ended March 31, 2026 of Master Trust Limited.
You are requested to take the above information on your records.
Thanking You
Yours Faithfully
For Master Trust Limited
Vikas Gupta
2026.05.12 17:36:07
+05'30"
2026.001.21529
Vikas Gupta
Company Secretary and Compliance Officer
FCS 12192
Encl.: as above
MASTER TRUST LIMITED
CIN: L65991PB1985PLC006414
Regd. Office: Master Chambers, SCO 19, 3rd Floor, Feroze Gandhi Market, Ludhiana, Punjab-141 001 • Tel.: 0161-5043500
Corporate Office: 1012, 10th Floor, Arunachal Building, 19, Barakhamba Road, New Delhi-110001 • Tel.: 011-42111000
E-mail: [email protected] • Website: www.mastertrust.co.in
www.mastertrust.co.in
Agnik
mastertrust IN MASTER I TRUST
INVESTOR PRESENTATION
40
YEARS STRONG
A PROUD PAST • A PROGRESSIVE FUTURE
MASTER TRUST LIMITED
FY'2026
mastertrust
IN MASTER I TRUST
Table of Contents
| 03 | About mastertrust |
|---|---|
| 05 | Snapshot of Accomplishments and Highlights |
| 07 | Presence Across India |
| 09 | Awards & Accolades |
| 11 | Our Journey |
| 13 | Building a One-Stop Solution |
| 15 | Visionary Leadership Team |
| 18 | Wide range of Trading & Investment Solutions |
| 20 | Online & Offline Broking Share Ratio |
| 22 | Financial Highlights |
| 29 | Strategic Fund Raise through NCDs |
| 31 | Fostering Workforce Excellence |
| 33 | Exploring Growth & Servicing Opportunities |
| 35 | Strengthening Presence, Growing Trust |
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
About mastertrust
www.mastertrust.co.in
About us
mastertrust®
IN MASTER I TRUST
Pioneering Excellence in Financial Services
With a legacy spanning 40+ years, mastertrust has established itself as a leader in the financial services sector, serving a diverse clientele, offering a comprehensive array of bespoke, research backed trading and investment solutions— from equities and derivatives to currencies, commodities and more—the Company embodies a commitment to tailored excellence and innovation.
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Snapshot of Accomplishments & Highlights
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Snapshot of Accomplishments and Highlights
www.mastertrust.co.in
mastertrust®
IN MASTER I TRUST
Presence Across India
www.mastertrust.co.in
massertrust
IN MASTER I TRUST
Presence Across India
| Andhra Pradesh | Karnataka |
|---|---|
| Assam | Madhya Pradesh |
| Bihar | Maharashtra |
| Chandigarh | Orissa |
| Chhattisgarh | Punjab |
| Delhi | Rajasthan |
| Gujarat | Tamil Nadu |
| Haryana | Telangana |
| Himachal Pradesh | Uttar Pradesh |
| Jammu and Kashmir | Uttarakhand |
| Jharkhand | West Bengal |
www.mastertrust.co.in
mastertrust®
IN MASTER I TRUST
Awards & Accolades
www.mastertrust.co.in
AWARDS & ACCOLADSES
mastertrust
IN MASTER I TRUST
Awards & Accolades
Recognised by the Economic Times as the Best BFSI Brand 2023, 2024, 2025 & 2026
Recognised by the ET Now as the Best Organisations to Work in 2025
Won NSDL 2nd Highest Number of Accounts Opened in 2017
Awarded NSDL Star Performer Award 2016
MCX Excellence Award Regional broker of the year 2016-17
Order of Merit Award on SKOCH BSE
www.mastertrust.co.in
mastertrust®
IN MASTER I TRUST
Our Journey
www.mastertrust.co.in
12
mastertrust®
IN MASTER I TRUST
Our Journey
Over the past four decades, we have grown from a modest venture into one of India's most respected names in the financial services sector. As markets changed, we adapted leveraging technology, expanding our offerings and strengthening relationships. From equities to commodities and now to digital platforms, our journey reflects resilience, growth and forward thinking.
1985
Incorporated by the name of Arora Financial Consultants Limited
1994-95
Master Capital Services Limited acquired membership of the NSE Ltd.
1995
Launched IPO of Master Trust Ltd
2004
Acquired membership with NCDEX and MCX; registered as an insurance broker under the name M/s. Master Insurance Brokers Limited
2005
Acquired the membership of BSE Limited
- Commenced internet trading
2014
- Launched mobile trading app "Master Mobile"
- Started distribution of loans to retail clients
- Mutual Fund assets crossed 100 Cr.
- The discount broking vertical daily turnover soared to 100 Cr. for My Value Trade
2013
- Launched discount brokerage model - My Value Trade
- Received award for Best Account Growth Rate from NSDL
2012
- Launched Integrated Ambroker and Metatroder charting platform for clients
- Declared as India's best Derivatives Broker by BSE Limited
- Crossed 10,000 clients in the currency segment on NSE Ltd.
2011
- Launched its flagship PMS product named MPSL Valium India Discovery Fund (now Master Trust India Growth Strategy)
- Started Algorithmic Trading Solution - Master Trader
2015
- Increased user base for the discount broking vertical over 250% Y-o-Y
- Increased turnover on mobile trading platform by 800% Y-o-Y
2016
- Master Commodity Services Ltd was awarded as the Regional Broker of FY 2016-17
- Increased the percentage of unique clients that traded on mobile applications by over 57% Y-o-Y
- Received NDSL Star Performer Award 2016
- Received Order-of-Merit Award in SKOCH BSE Awards for innovation in automated portfolio analysis using artificial intelligence
2017
- Started private wealth management vertical
- PMS AUM crossed 300 Cr.
- Mutual Funds AUM crossed 375 Cr.
- Accredited with the highest number of accounts opened award by NSDL
2023
The Economic Times recognised mastertrust as one of the Best BFSI Brands 2023
2021
- AUM crossed 20,000 Cr.
- Employee strength reached 1,000
- PAT crossed 55 Cr.
- In-house PMS AUM crossed 650 Cr.
2020
- Launched its PMS product named MPSL IRIage Absolute Return Strategy in October 2020
- Crossed 135 Cr. in total AUM
- Total revenue crossed 220 Cr.
- Online broking share rose to 33%
2019
- Introduced the new re-vamped website: www.mastertrust.co.in
- Introduced paperless eKYC account opening
2024
- Direct Listing at National Stock Exchange (NSE)
- Became operational in 22 states
- A team of 1,250 professionals serves over 3,80,000 clients
- PMS AUM has surpassed 200 Cr.
- Mutual Funds AUM has exceeded 700 Cr.
- Launch of cutting-edge Trading App Agrib
2025
- Completed 40 years of operations
- Introduced mNHealth and SinglePoint platforms as part of digital offerings
- Recognised as ET Best BFSI Brand 2025 for the third consecutive year
- Expanded Merchant Banking portfolio with two new mandates signed in March 2025
2026
- Recognised as ET Best BFSI Brand 2026 for the fourth consecutive year
- Awarded ET Most Promising Business Leaders of Asia 2025-26
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Building a One-Stop Solution
www.mastertrust.co.in
mastertrust®
IN MASTER I TRUST
Building a One-Stop Solution
Through Master Portfolio Services Limited, CIN: U67120PB1994PLC015331; SEBI Regn No INP000001637
*Through Master Insurance Brokers Limited, U17219PB1995PLC017006, IRDA Regn No.265
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Visionary Leadership Team
www.mastertrust.co.in
16
mastertrust
IN MASTER I TRUST
Visionary Leadership Team
Mr. Harjeet Singh Arora (FCS, CA)
Managing Director - Master Trust Ltd and Master Capital Services Limited
Mr. Rajinder Kumar Singhania (FCA)
Managing Director - Master Capital Services Limited
Mr. Gurmeet Singh Chawla (DBF (ICFAI)
Managing Director - Master Portfolio Services Limited
Mr. Harinder Singh (B.Cam-H)
Whole-Time Director - Master Capital Services Limited
Mr. Arora founded the Master Trust Group in 1985 under the name of Arora Financial Consultants Private Ltd. He holds over 41 years of experience in corporate finance, capital markets and financial advisory services.
A Chartered Accountant and a Company Secretary by qualification, his vision of bringing all financial services under one roof is what has made the Group achieve so much in the last 38 years.
Mr. Singhania is the co-founder of the Group with over 41 years of rich experience in finance, M&A and taxation. A Chartered Accountant by qualification, he is a calculated risk-taker with deep industry knowledge and heads the corporate strategy, finance and risk verticals of the Group.
Mr. Chowla runs the portfolio management vertical for the Group. He has over 31 years of experience in capital markets and corporate finance. His expertise includes general business management and IT systems and solutions.
Mr. Singh heads the secondary market operations for the Group. He has spent over 31 years with the organisation, embracing the care values of integrity, growth, and innovation. He has ensured streamlined processes and increased business performance.
Mr. Pavan Kumar Chhabra (FCA)
Director - Master Capital Services Limited
Mr. Puneet Singhania (CFA)
Whole-Time Director - Master Capital Services Limited
Mr. Jashan Arora (FCA)
Whole-Time Director - Master Capital Services Limited
Ms. Palka Arora Chopra (MPIB, MA)
Director - Master Capital Services Limited
Mr. Chhabra is a veteran in the investment banking and institutional broking business. A qualified Chartered Accountant, he has over 33 years of rich experience in financial markets. His eye for detail comes from his interest in delving deep into data and forensic audit.
Mr. Singhania looks after the strategic initiatives of the Group. He is a seasoned MBA and CFA* charter holder with a prior experience in equity research and proprietary trading desk. His background in equity research and proprietary trading desk experiences has equipped him with substantial energy and dedication towards his work.
Mr. Arora joined the group in September 2010 and since then has been instrumental in expanding broking business in Delhi NCR region, East and South India. He is involved in the group's key decision-making, majorly focusing on proprietary algo trading, wealth & treasury management for the group.
Ms. Chopra, with over 17 years of experience in financial services is an expert in the topics of Equity Research, Brand & Communication, and Customer Relationship Management. She has a Masters in Finance & Investment and has shaped customer focussed strategies to enhance the Company's approach to meeting diverse financial goals.
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Mr. Darshanjeet Singh Minocha (CS)
Whole-time Director - Master Insurance Brokers Ltd
Mr. Gursaran Singh Bajaj (FGDMSM)
Associate Director - Master Capital Services Ltd
Mr. Maninder Singh (Diploma in Computers)
Associate Director - Master Capital Services Ltd
Mr. Minocha has been associated with Master Insurance Brokers Ltd since 2002 and brings over 42 years of rich professional experience. A Bachelor of Commerce and a qualified Company Secretary, he has played a key role in the growth of the insurance vertical over the last two decades. His core expertise spans Accounting, Finance and Insurance.
Mr. Bajaj plays a pivotal role in the Retail Broking business and brings extensive experience from reputed broking institutions. Known for his in-depth industry knowledge, he has successfully navigated the dynamic brokerage landscape. In his personal time, he is a committed yoga practitioner and an enthusiastic reader.
Mr. Singh has been an integral part of the organisation for over 34 years. He currently oversees the proprietary trading desk and is known for his disciplined and performance-oriented approach. He strongly believes in consistent efforts to drive productivity, cost efficiency and customer-first values across operations.
Mr. Virender Arora (PDM)
Chief Operating Officer - Master Capital Services Ltd
Mr. Jaspal Singh Rawat (CWA)
Associate Director - Master Capital Services Ltd
Mr. Anil Sadana (B.Com (Hans.)
Associate Director - Master Capital Services Ltd
With over 25 years of experience in secondary market operations, he is instrumental in streamlining processes and driving service excellence. He also has extensive experience in overseeing trade settlements, client lifecycle management (KYC/AML), transaction processing, margin monitoring, and risk management systems (RMS) for the stock broking division.
A qualified Cost and Works Accountant, has contributed significantly to building robust systems across departments over the past 21 years. He oversees the Merchant Banking division, including client sourcing, mandate finalisation, due diligence, preparation and finalisation of draft offer documents, and regulatory filings with SEBI and Stock Exchanges, along with other related activities.
Mr. Sadana is a seasoned professional with more than 30 years of experience in the securities market, including over 15 years with mastertrust. With deep domain expertise, he leads compliance and legal functions across various verticals including equities, commodities, currencies, depository services, NBCs, insurance, mutual funds, PMS and AIF. Known for his strong commitment to regulatory integrity and governance, he plays a crucial role in safeguarding operational excellence and upholding high compliance standards across the group.
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Wide Range of Trading & Investment Solutions
www.mastertrust.co.in
19
mastertrust
IN MASTER I TRUST
Wide Range of Trading & Investment Solutions
mastertrust offers a wide range of Wealth Products & Trading Solutions.
Online Trading
- Instant Trading & Demat Account
- Trading in Equity, Currency & Commodity
- Personalised Pricing Plans
- Reports & Analysis
Mutual Funds
- Access to Top Mutual Funds
- Expert Assistance
- Reports & Analysis
Insurance
- Compare & Buy from the bucket of the leading Insurance products
- Life, Health & General Insurance
Fixed Income Securities
- Tax Free bonds, PSU & Corporate Bonds, Sovereign Gold Bonds & Corporate FDs
PMS
- Personalised Assistance
- In-House & Outsourced products
- Market & Research based products
Structured Products
- Real estate funds & private equity
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Online & Offline Broking Ratio
www.mastertrust.co.in
mastertrust®
IN MASTER I TRUST
Online & Offline Broking Ratio
Online
Offline
www.mastertrust.co.in
21
mastertrust
IN MASTER I TRUST
Financial Highlights
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Consolidated Financial Highlights
(In Rs. Millions)
| Particulars | Quarter Ended 31st March, 2026 | Quarter Ended 31st March, 2025 | Y-O-Y% |
|---|---|---|---|
| Total Income | 1806.1 | 1219.8 | +48.1% |
| EBITDA | 640.1 | 528.4 | +21.1% |
| Profit Before Tax | 487.3 | 374.2 | +30.2% |
| Profit After Tax | 360.6 | 245.5 | +46.9% |
| EPS-Basic* | 3.0 | 2.2 | +36.4% |
*EPS is calculated on Face Value of Rs. 1 each per share
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Consolidated Financial Highlights
(In Rs. Millions)
| Particulars | Quarter Ended 31st March, 2026 | Quarter Ended 31st December, 2025 | Q-O-Q% |
|---|---|---|---|
| Total Income | 1806.1 | 1367.2 | +32.1% |
| EBITDA | 640.1 | 610.5 | +4.8% |
| Profit Before Tax | 487.3 | 446.4 | +9.2% |
| Profit After Tax | 360.6 | 315.2 | +14.4% |
| EPS-Basic* | 3.0 | 2.7 | +11.1% |
*EPS is calculated on Face Value of Rs. 1 each per share
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Consolidated Financial Highlights
(In Rs. Millions)
| Particulars | Year Ended 31st March, 2026 | Year Ended 31st March, 2025 | Y-O-Y% |
|---|---|---|---|
| Total Income | 5758.5 | 5839.4 | -1.4% |
| EBITDA | 2361.7 | 2430.9 | -2.8% |
| Profit Before Tax | 1724.8 | 1787.2 | -3.5% |
| Profit After Tax | 1260.9 | 1312.4 | -3.9% |
| EPS-Basic* | 10.6 | 11.8 | -10.2% |
*EPS is calculated on Face Value of Rs. 1 each per share
www.mastertrust.co.in
massetrrust
IN MASTER I TRUST
Consolidated Net Worth
(In Rs. Millions)
www.mastertrust.co.in
mastertrust®
IN MASTER I TRUST
Return on Equity (ROE)
www.mastertrust.co.in
27
mastertrust
IN MASTER I TRUST
Return on Capital Employed (ROCE)
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Strategic Fund Raise through NCDs
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Strategic Fund Raise through NCDs
Master Trust Limited through Master Capital Services Limited (Wholly Owned Subsidiary Company), has successfully raised ₹30 Crore through issuance of Non-Convertible Debentures (NCDs) and the Company has also received listing approval from the National Stock Exchange of India Limited (NSE) vide NSE Letter dated 07 May 2026 for the aforesaid NCD issue.
The successful fund raise and NSE listing approval reflects the Group's strong market credibility, investor confidence, & commitment towards diversified & efficient capital raising initiatives.
The proceeds will support business growth, strengthen the capital base, and enhance financial flexibility for future expansion opportunities.
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Fostering Workforce Excellence
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Fostering Workforce Excellence
Corporate Social Responsibility Initiatives
Awards and Industry Recognition
Sales Connect – Finbridge 2026
Campus Fest
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Exploring Growth & Servicing Opportunities
www.mastertrust.co.in
mastertrust®
IN MASTER I TRUST
Building Knowledge, Driving Growth
This quarter, StreetXperts stepped up its efforts to engage, educate and empower through impactful seminars and webinars. With a focus on what truly matters to today's investors, we brought conversations around Geopolitics vs Markets: What Should Investors Do? and The Future of Investing for Young India to the forefront, decoding global influences and shaping the mindset of the next generation of investors.
Each session was designed to break down complex ideas into practical insights, led by experienced financial experts. The goal remains clear: to help investors stay informed, think smarter, and make confident financial decisions in a constantly evolving market landscape.
Webinar were held on:
Friday, 13 March 2026
Geopolitics vs Markets: What Should Investors Do?
Understanding global events and their impact on market movements
Webinar were held on:
Tuesday, 24 March 2026
The Future of Investing for Young India
From campus to capital markets, enabling smarter financial decisions
34
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Strengthening Presence, Growing Trust
www.mastertrust.co.in
mastertrust
IN MASTER I TRUST
Market Insights Across Channels
mastertrust strengthened its media presence this quarter with impactful coverage across leading financial channels, reinforcing its position as a credible voice in market commentary.
From stock-specific insights to decoding global triggers and market movements, our experts delivered timely perspectives that featured across GoodReturns, MoneyControl, NDTV Profit and many more.
With active contributions from Dr. Ravi Singh, Chief Research Officer, and Vishnu Kant Upadhyay, AVP Research, mastertrust continues to stay at the forefront of market conversations, offering sharp, research-backed insights that keep investors informed, aware, and ready to act.
Across Media Platform :
Thursday, 02 April 2026
HDFC Bank Share BUY करें या SELL? Ravi Singh ले बताए बड़े टार्टनर! | Share Market | GoodReturns
NDTV | Profit
Prime Time Market Talk :
Monday, 6 April 2026
Trump renews threat of major attacks | Oil prices gain, Dollar firm | Bank Stocks in Focus on Q4
www.mastertrust.co.in
Disclaimer
mastertrust®
IN MASTER I TRUST
This information may contain certain forward-looking statements/details in the current scenario and contains selected information about the activities of "Master Trust Limited" (the "Company") and its subsidiaries (the "Group") as at the date of the presentation. It does not purport to present a comprehensive overview of the Group or contain all the information necessary to evaluate an investment in the Company. This is for information purposes only and is not a prospectus, disclosure document or other offering document under any law, nor does it form part of any present or future invitation, recommendation or offer to purchase or sell securities of the Group in any jurisdiction. No part of this information, nor the fact of its distribution, should form the basis of, or be relied on in connection with any contract or commitment or investment decision whatsoever. In addition, as this contains general, summary and selected information about the Group, it may omit material information about the Group and is not a complete description of the Group's business and the risks relating to it. Therefore, this information should not form the basis of any investment decision to purchase or sell the Group's securities. The Company under takes no obligation to publicly update or revise any of the opinions or forward looking statements expressed in this section, consequent to new information, future events or otherwise.
www.mastertrust.co.in
38
mastertrust
IN MASTER I TRUST
Thank You
Call us at
080-69991111
Write to us
Registered Office
Master Trust Limited
Master Chambers, SCO-19,
Feroze Gandhi Market,
Ludhiana-141001
Corporate Office
1012, 10th Floor, Arunachal
Building, 19, Barakhamba Road,
New Delhi-110001
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