Rikhav Securities Limited was originally incorporated under the name 'Brijmohan Sagarmal Finance Limited' vide Certificate dated March 21, 1995, issued by the Additional, Registrar of Companies, Maharashtra. Subsequently, the Company name was changed to 'Rikhav Securities Limited' and a Fresh Certificate of Incorporation pursuant to change of name dated February 13, 2006, was issued by Registrar of Companies, Maharashtra, Mumbai.

The Company is engaged in the business of equity broking, investing, and trading activities. Their services deal in financial activities such as, equity broking, offer cash delivery, intra day trading, futures, and options. They are further involved in trading across various
derivatives and commodity segments. Additionally, as a Self-Clearing Member of both the Indian Clearing Corporation Limited (ICCL) and NSE Clearing Limited (NCL), it ensure the smooth settlement of trades and assistance with IPO participation, and demat account management. As a mutual fund advisor and distributor, the Company guide clients through their investment options.

The Company also engaged in the business of Market Making by way of supporting companies that have recently listed their securities on stock exchanges. By facilitating the buying and selling of these securities post-initial public offerings, it enhance liquidity and market efficiency. Additionally, the Company got registered with SEBI as a stock broker and hold memberships with BSE Limited (BSE), the National Stock Exchange of India (NSE), and the Multi Commodity Exchange (MCX). It is also engaged in the business of Market Making in 2012 for newly listed securities and make proprietary investments in tradable securities and derivatives and registered with the National Stock Exchange (NSE) in 2016.

The market-making activities involve providing two-way quotes during trading hours to ensure liquidity in the SME segment. The Company is also engaged in making proprietary investments in various tradable securities. It invest in both securities and derivatives, currency with sufficient liquidity. The business model involves working with Authorized Persons (APs) who are registered in compliance with SEBI and stock exchange requirements. As part of their financial product distribution business, Company serve a diverse clients by facilitating investments in financial instruments and providing a variety of wealth solutions.

The Company is planning an IPO by raising capital aggregating upto 1,03,28,000 Equity Shares comprising a Fresh Issue of 83,28,000 Equity Shares and 20,00,000 Equity Shares Offer for Sale.