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Your Wealth.

Our Expertise.

Unleashing Financial Potential.

Our Services

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Equity Research

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Portfolio Management

Who We Are

Elixir Equities Pvt. Ltd. (EEPL), formerly known as Axis Equities Pvt. Ltd., is a first-generation professionally managed stock broking company having memberships of the BSE and the National Stock Exchange of India (NSE). It is a SEBI registered Portfolio Manager, Research Analyst, and Depository Participant of CDSL.

The company was incorporated in 1998 to acquire the stock broking operations of the proprietary firm of M/s Dipan Mehta.
In December 2004, EEPL commenced depository services by becoming a Depository Participant (DP) of the Central Depository Services (India) Limited (CDSL), and in May 2007, we registered with SEBI as a Portfolio Manager.

EEPL has over two decades of experience in the field of equity research, investment management, stock broking, and arbitrage. A team, under the able leadership of Dipan Mehta, manages the operations of the company.

Our founders have also promoted Elixir Capital Ltd., a BSE-listed company engaged in trading and investments. Elixir Capital Ltd. is the holding company of Elixir Equities Pvt. Ltd.

Attention Investors:

  • Stock Brokers can accept securities as margin from clients only by way of a pledge in the depository system w.e.f. September 1, 2020.
  • Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.
  • Pay a 20% upfront margin of the transaction value to trade in the cash market segment.
  • Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide notice no. 20200731-7 dated July 31, 2020, and 20200831-45 dated August 31, 2020, and other guidelines issued from time to time in this regard.
  • Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
  • As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor. https://www.bseipf.com/investors_education.html . We believe that an educated investor is a protected investor !!!
  • Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on NSE and BSE Exchanges website at following link:
    NSE : https://www.nseindia.com/invest/about-defaulter-section.
    BSE : https://www.bseindia.com/static/investors/Claim_against_Defaulter.aspx
  • Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
  • Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
  • Do not ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
  • Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
  • Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

Our Team

Dipan Mehta

Dipan Mehta

Founder & CEO

Dipan Mehta, a qualified Chartered Accountant with more than two decades of experience in the capital markets, is at the helm of affairs. Researching stocks and identifying investment opportunities is a passion for him. He is a regular invitee on all the leading business channels such as CNBC TV 18, NDTV-Profit, Zee Business, etc. His thoughts and views are also sought after by leading business publications such as The Economic Times and Business Standard. He has been featured on the Tycoons of Dalal Street, a show broadcast on Zee Business. He has always strived for research-based investing and his interest in the education of the investing community has led him to address investor conferences on behalf of CNBC TV18 and the BSE Training Institute across several cities in India. He has made several presentations on "The Great Indian Bull Market" and "DNA of a Multi-Bagger".

Radhika Mehta

Radhika Mehta


Radhika Mehta is a postgraduate in management from the prestigious S.P. Jain Institute of Management and a Diploma holder in Securities Law from Government Law College, Mumbai. She has been a past President of the Rotary Club of Queens Necklace and is very active in the Rotary District No. 3140 have held senior positions in a fiduciary capacity. She is a philanthropist and is actively associated with many charitable, healthcare, and educational organizations.

Varun Mehta

Varun Mehta


Varun Mehta is a postgraduate in Economics and Business Strategy from Imperial College London Business School with several years of work experience with a Fortune 500 Software and Consulting company.

Principal Factors

You cannot place your hard-earned money in anyone’s hands. The PMS provider must be registered with SEBI and should have the professional expertise to manage your money.

E-Voting Authentication

Our Investment Pholosophy
Our Research Approach
Portfolio Management Solutions

Risk Disclosures On Derivatives

· 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
· On an average, loss makers registered net trading loss close to ₹50,000.
· Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
· Those making net trading profits, incurred between 15% to 50% of such profits as transaction costs.

Source: SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

Contact & Complaints


Head Office

58 Mittal Chambers 5th Floor

228 Nariman Point

Mumbai - 400021

Telephone Number: +91-22-61151919

Mobile Number: +91 9820281978

Email: [email protected]

Stock Broking Branch - Mumbai (Fort)

Office No. 104, Green House,1st Floor,

Green Street, FORT

Mumbai - 400023

Mobile Number: 9820046124

Email: [email protected]

Stock Broking Branch - Mumbai (Malad)

Office G-12, Ground Floor, Shah Arcade,

Rani Sati Marg, Malad East

Mumbai - 400097

Mobile Number: 7208501539

Email: [email protected]

Stock Broking Branch - Surat

Office No. 307, 3RD Floor

Tirupati Plaza, A Wing

Athwagate, Near Collector Office

Nanpura, Surat

Gujrat - 395001

Mobile Number: 9867418023

Email: [email protected]

Key Management Personnel

Dipan Mehta – Founder, CEO and Compliance Officer

Email: [email protected]

Mobile Number: +91 9820281978

Radhika Mehta – Director

Email: [email protected]

Mobile Number: +91 9820075942

Varun Mehta – CIO

Email: [email protected]

Mobile Number: +91 9820039005

For Stock Broking and Portfolio Management

Tel No:. +91-22-61151919 (Board Line) Fax No:. +91-22-6115 1999

Email: [email protected]

For Investor Grievance

Tel No:. +91-22-61151919 (Board Line) Fax No:. +91-22-6115 1999

Email: [email protected]


BSE & NSE Stock Broker


Portfolio Manager


Research Analyst




Mutual Fund Distribution


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