TP ICAP Group
World leaders in liquidity and data solutions across fixed income, foreign exchange, commodities, and equities. TP ICAP Group is the world’s leading interdealer broker, with presence in more than 30 countries.
The Group operates five core brands — Tullett Prebon, ICAP, PVM, Liquidnet and Parameta Solutions — connecting clients globally to financial and commodity markets while enhancing price discovery, liquidity, and data distribution through responsible and innovative solutions.
ICAP India
ICAP IL India Private Limited is a leading intermediary in India’s wholesale financial markets, operating as a specialised interdealer broker for institutional clients. Established in 1994 and headquartered in Mumbai, the firm is part of TP ICAP Group plc.
With over 30 years of operational expertise in the Indian financial services sector, ICAP India has established itself as a key participant across fixed income, FX, and derivatives markets.
Core Business Operations
Foreign Exchange (FX)
Dedicated FX desk serving institutional clients in spot FX, forwards, and currency derivatives, supporting both onshore and offshore participants in INR markets.
Sanjib K. Deb · +91 22 6708 7584 · sanjibkdeb@icapindia.comCorporate Debt & Fixed Income
Execution and intermediation in corporate bonds and fixed income instruments, enhancing liquidity in India’s corporate debt markets.
Ravi Thakker · +91 22 6641 9550 · ravi.thakker@icapindia.comGovernment Debt Securities
Leading interdealer broker for Indian Government Securities, facilitating price discovery across sovereign instruments.
Nischal D. Nanil · +91 22 6641 9540 · nischal@icapindia.comDerivatives & Interest Rate Products
Trading in INR swaps, FRAs, currency swaps, and structured interest rate products.
Sunil Karani · +91 22 6641 9552 · sunil.karani@icapindia.comI-Stream: Digital Trading Platform
I-Stream is ICAP India’s proprietary electronic OTC trading platform for interest rate derivatives and FX fixing markets, delivering real-time price discovery and transparent execution.
- Interest Rate Derivatives (OIS)
- FX Products (Mod-MIFOR, INR Spot Fixing)
Regulatory & Investor Information
| Name of Trading Member | ICAP IL India Private Limited |
| SEBI Registration Number | INZ000039339 |
| Exchange Codes | NSE: 11403 · BSE: 6491 |
| Head Office | Office No. 6, 3rd Floor, C Wing, Laxmi Towers, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 |
| Contact Numbers | +91 22 6641 9500 · +91 22 2656 6548 |
| Grievance Email ID | investorsgrievance@icapindia.com |
Escalation Matrix
| Level 1 | Pawan Talwar · 022-66419512 |
| Level 2 | Nilesh Agrawal · 022-66419511 |
| Level 3 | Abhishek Chaturvedi · 022-66419503 |
Key Managerial Personnel
| Abhishek Chaturvedi | Whole Time Director · 9004087620 · info@icapindia.com |
| Pawan Talwar | Compliance Officer · 9004058361 · compliance@icapindia.com |