Stewart And Mackertich Wealth Management Ltd

NIFTY 11,308.40-14.10 (-0.12%)

SENSEX 38,369.63-37.38 (-0.10%)


As stated in the new circular from NSE, additional margins shall be made applicable for all equity derivatives in phases starting from 14th September 2018    |   Attention Investors: "World Investor Week, September 30 to October 6, 2019 is celebrated under aegis of IOSCO and SEBI".

About Us

Key Management Team

Rahul Kayan
Mr. Rahul Kayan Director& CEO

34 years, is a Director of the Company. He holds a Bachelors Degree of Science in Finance & Marketing from Leonard N. Stern School of Business, New York University. He has worked with Merrill Lynch –New York. He has 9 years of experience in Prime Brokerage, Equity Research, Risk Management and Marketing of Equity, Mutual Fund and Debt Linked Product

Mr. Ashiwini Kumar Tripathi Managing Director

49 years, is the Managing Director of the Company. He has PGDM Degree with Specialization in Finance and has more than 25 years of experience in Capital Markets. He has worked with Wealth Management Advisory Services Limited, a once SEBI Registered Portfolio Manager and has played an instrumental role in providing Portfolio Management Services to HNI’s and Corporates.

Rajesh Basu Majumdar
Mr. Rajesh Basu Majumdar Head of Equities

51 years, a Post Graduate in Business Management from The Indian Institute of Management, Ahmedabad, Bachelor’s Degree in Mechanical Engineering from Indian Institute of Technology, Bombay and a Chartered Financial Analyst (CFA), joined the Group as Head of Equities. Rajesh has an experience spanning over 23 years in Equity Research and Fund Management. Prior to joining the Group, he was associated with Rishabh Stock Broking Services, Heading Research, PMS and Institutional Desk. Prior to Rishab, Rajesh was associated with DSP Merrill Lynch Ltd, responsible for Fund Management of the Proprietary Desk, managing Arbitrage & Investment Analysis. Rajesh was also associated with Peregrine Capital Ltd as Research Analyst and BOC India Limited. Over the years, his professional prowess in the field of investment, leave no stone unturned to bring the best products and services.

Ajay Jaiswal
Mr. Ajay Jaiswal President – Research & Strategies

50 years, a graduate in Commerce, is President - Research & Strategies, joined the group in July 2016. He has experience of 22 years in Research & Advisory across asset classes, particularly Equities, Commodities and Currencies. He set up Research, PMS and Institutional desk at Microsec Group, worked as Investment Strategist at Angel Broking, Head of Research at Lohia Securities Ltd and Research Analyst at CD Equisearch. Over the years, identified various investment themes across sectors ahead of time.

Shivaji Roy
Mr. Shivaji Roy President - Business Development

46 years, a Post Graduate in Business Management from Indian Institute of Planning & Management, joined the Group as President - Business Development in August 2017. Shivaji has 22 years of experience in Capital Market with core focus on various business operational functions and also in the field of Telecom & FMCG.Prior to joining the Group, Shivaji was associated with Achievers Equities as a Director and prior to Achievers, he was with Axis Securities, MF Global Sify Securities, ICIC Securities Ltd. Shivaji had also been with Airtel and Nestle India. Shivaji is gifted with excellent operational and client management skills to operate collaboratively with his team members to achieve a common goal.

Sudipto Banerjee
Mr. Sudipto Banerjee Head – HR & Administration

42 years, a Bachelor of Science with PGDM-HR joined the Company as a Head – HR & Administration in July 2018. Sudipto has experience of 19 years with corporates like – Reliance Capital, Ispat Industries Ltd. and EMC Ltd. An accomplished strategic planner, defining continuous improvement processes, presiding over brainstorming sessions, adept in developing solutions to potential issues involving compliance and labour issues.A highly motivated and prudent professional, having expertise in almost every facets of HRM and PM. He has been the empaneled visiting faculty with IIM-Calcutta and other prestigious Institutes.

Leadership Team


Mr. Monal Desai

Sr. Vice President

(Institution & HNI)


Mr. Shivaji Roy

Sr. Vice President

(Retail & Channel Partners)



Associate Vice President

(Northern Region)



Associate Vice President

(Eastern Region)



(President Strategies & Head Of Research)



Associate Vice President

(Research & Strategies)



(Research Analyst)



Research Analyst Sector

(Building Products/Capital Goods/Construction Equipment)



Research Analyst Sector

(Metals and Mining)



Research Analyst Sector



MR. Jayadep Dey

Technical Analyst




(Chief Financial Officer)



Associate Vice President
(Information Technology)


Mrs. Nilanjana Mukherjee

Sr. Manager
(Risk Management)



Sr. Manager
(Business Development)

Mission Statement

Endeavour at Stewart & Mackertich is Powering your Wealth through products, Systems and services for successful Investment & Financial planning with focus on You

Attention Investors

1. KYC: KYC is one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. | 2. Prevent Unauthorized Transactions in your Demat Account: Update your Mobile Number and Email address with your Depository Participant. Receive alerts on your Registered Mobile and Email address for all debit and other important transactions in your Demat Account directly from CDSL/ NSDL on the same day.... issued in the interest of investors. | 3. Prevent Unauthorized Transactions in your Broking Account: For Stock Broking Transaction 'Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors. | 4. "Rights & Obligations of Stock Broker and Client”: Uniform Risk Disclosure Documents (for all segments / exchanges) and Guidance Note detailing Do’s and Don’ts for trading on exchanges in the vernacular languages are available on NSE website at and can be downloaded | 5. Caution towards unsolicited messages: Please Refer Exchange Circulars: BSE Notice 20171117-18 dated 17-11-2017, BSE Notice 20180515-39 dated 15-05-2018, NSE Circular- 0208/2017 dated, 17-11-2017 NSE Circular: 0080/2018 dated 15-05-2018. Beware about unsolicited messages and refer the List of symbols in which messages received, appearing on Exchange Website : and Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of unethical behaviour, systemic wrongdoing or potential frauds through the anonymous portal facility provided on BSE & NSE website. | 6. IPO: No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign the application form to authorize you bank to make payment in case of allotment. No worries for refund as the money remain in investor's account. | 7. “Stewart & Mackertich Wealth Management Limited as a Broker does not guarantee any return on investment or trading as the return on Investment and/or trading are subject to Market Risk” 8. SCORES: Filing complaints on SCORES - Easy & quick | a. Register on SCORES Portal | b. Mandatory details for filing Complaints on SCORES - Name, PAN, Address, Mobile Number, Email ID | c. Benefits - Effective Communication and Speedy Redressal of the Grievances. |

Registration Numbers: Single SEBI Registration No.: NSE (Cash) NSE (F&O) NSE (CD) BSE (Cash)

BSE (F&O) BSE (CD); MCX; ICEX; :INZ000220635; CDSL & NSDL SEBI Registration No.: IN-DP-24-2015; AMFI: ARN-3080;

PMS: INP000004623: CIN-U51109WB1993PLC060987


Regd. Office Address: 4, Lee Road, Vaibhav, 5th Floor, Kolkata – 700 020

West Bengal, India; Tel. No.: (91 33) 6634 5400, (91 33) 4011 5400; FAX: (91 33) 2289 3401

For any Grievance mail to Email:; Customer Care Email:

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