Service Commencement Details
Master Capital Services Limited (MCSL), a wholly owned subsidiary of Master Trust Limited, has commenced clearing and settlement services for trades executed in the Futures and Options (F&O) segment of the National Stock Exchange of India Limited (NSE) and BSE Limited through the Custodian Participant Code, with effect from 15 October 2026.
Key Service Features
- Services are offered through a Custodian Participant (CP) Code, allowing clients to trade with multiple trading members using the same CP Code
- Single collateral pool enables clients to deposit funds and/or pledge securities with MCSL for use across multiple trading members
- No need to maintain separate collateral for each trading account with different trading members
- Positions across trading members can be consolidated for margin calculation, resulting in lower margin requirements
- Trading continuity allows open positions to be squared off or hedged through another trading member if trading is disrupted with existing member
Management Commentary
Mr. Harjeet Singh Arora, Managing Director of Master Trust Limited and Master Capital Services Limited, stated: "The commencement of Clearing & Settlement services marks an important milestone for Master Capital Services Limited. By enabling clients to trade with multiple trading members through a single Custodian Participant Code, we aim to give them greater capital efficiency, convenience and trading continuity in the F&O segment."
Parent Company Background
Master Trust Limited is a diversified financial services company with over 41+ years of experience, offering comprehensive suite of trading, investment, wealth management, and financial solutions. The company has:
- Pan-India network spanning 22 states with 63 branches
- 1,460+ business partners
- Over 4.36 lakh registered customers
- Workforce of 1,290+ employees
Financial Performance (FY26 Consolidated)
- Total Income: ₹5,758.5 Mn
- EBITDA: ₹2,361.7 Mn
- Net Profit: ₹1,260.9 Mn
Business Operations
The company provides equity and commodity trading, derivatives, portfolio management, wealth management, depository services, merchant banking, insurance, research, algorithmic trading, and NBFC services.
Industry Recognition
- Best BFSI Brand by The Economic Times for four consecutive years (2023–2026)
- Best Organisation to Work by ET Now in 2025
Future Strategy
The company aims to deepen its digital capabilities, expand its customer base and product offerings, and strengthen its integrated financial services ecosystem with focus on technology, innovation, research-driven advisory, and nationwide expansion.