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Nirmal Bang
3.4
based on 26 Reviews
Company Overview
Company Locations
Working at Nirmal Bang
Company Summary
Nirmal Bang is an online stock & share market trading company in India offering equities, commodities, mutual funds, insurance, IPOs, derivatives, currencies, DP & free demat A/C.
Overall Rating
3.4/5
based on 26 reviews

11% below
industry average

Critically rated for
Salary, Promotions, Work satisfaction
Work Policy

Monday to Friday
41% employees reported

Flexible timing
50% employees reported

Within city
50% employees reported

Day shift
100% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
3 employees reported
Office cab/shuttle
2 employees reported
Health insurance
2 employees reported
Professional degree assistance
1 employee reported
View all benefits
About Nirmal Bang
Founded in1986 (39 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersKolkata, West Bengal, India
Office Locations
--
Websitenirmalbang.com
Primary Industry
Other Industries
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Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.
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Nirmal Bang Ratings
based on 26 reviews
Overall Rating
3.4/5
How AmbitionBox ratings work?
5
9
4
5
3
6
2
1
1
5
Category Ratings
3.6
Work-life balance
3.5
Company culture
3.4
Skill development
3.3
Job security
3.2
Work satisfaction
3.0
Promotions
2.9
Salary
Nirmal Bang is rated 3.4 out of 5 stars on AmbitionBox, based on 26 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Nirmal Bang Reviews
Top mentions in Nirmal Bang Reviews
Compare Nirmal Bang with Similar Companies
Change Company | Change Company | Change Company | ||
---|---|---|---|---|
Overall Rating | 3.4/5 based on 26 reviews | 3.9/5 based on 1.1k reviews | 3.7/5 based on 2.7k reviews | 3.9/5 based on 1.5k reviews |
Highly Rated for | No highly rated category | Work-life balance Company culture | Skill development | Work-life balance Salary Job security |
Critically Rated for | Salary Promotions Work satisfaction | Promotions | Work satisfaction | No critically rated category |
Primary Work Policy | - | Work from office 84% employees reported | Work from office 87% employees reported | Permanent work from home 52% employees reported |
Rating by Women Employees | 3.2 Average rated by 4 women | 3.8 Good rated by 212 women | 3.6 Good rated by 633 women | 3.8 Good rated by 425 women |
Rating by Men Employees | 3.4 Average rated by 19 men | 3.9 Good rated by 785 men | 3.7 Good rated by 2k men | 4.0 Good rated by 1k men |
Job security | 3.3 Average | 3.6 Good | 3.5 Good | 3.8 Good |
View more
Nirmal Bang Salaries
Nirmal Bang salaries have received with an average score of 2.9 out of 5 by 26 employees.
Relationship Manager
(123 salaries)
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₹1.4 L/yr - ₹5.8 L/yr
Senior Relationship Manager
(32 salaries)
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₹2.1 L/yr - ₹5.5 L/yr
Equity Dealer
(24 salaries)
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₹1.4 L/yr - ₹3.2 L/yr
Sales Manager
(19 salaries)
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₹3.6 L/yr - ₹8.4 L/yr
Business Development Manager
(18 salaries)
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₹2.4 L/yr - ₹7 L/yr
Executive Accountant
(16 salaries)
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₹1.5 L/yr - ₹3.1 L/yr
Equity Research Associate
(15 salaries)
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₹6 L/yr - ₹15 L/yr
RMS Executive
(15 salaries)
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₹2 L/yr - ₹4.5 L/yr
Research Associate
(11 salaries)
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₹5 L/yr - ₹12 L/yr
Team Lead
(10 salaries)
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₹1.8 L/yr - ₹8 L/yr
Nirmal Bang News
View all
Star Cement Stock Gets 'Buy' Upgrade, Target Price Raise From Nirmal Bang —Here's Why
- Nirmal Bang upgrades the stock to 'Buy', valuing the business at 13.5x Dec’FY26E EV/Ebitda with a target price of Rs 241.
- Star Cement aims to increase its Green energy share to 55% by FY26.
- The company projects a volume growth of 6-7% YoY, with a more robust growth rate of 1314% expected in FY26.
- Despite current challenges, Star Cement shows confidence for the coming years.
Bloomberg Quint | 3 Mar, 2025

'Buy' Crompton Greaves Maintains Nirmal Bang, Revises Target Price —Here's Why
- Nirmal Bang remains positive on Crompton’s long term prospects, maintains a 'Buy' rating, and revises the target price to Rs 390.
- Certain factors expected to drive Crompton Greaves' growth include a focus on ad-spend, product innovation, channel extraction, and expansion into alternate channels.
- Crompton Greaves' performance is better than its peers, but the company's brand Butterfly remains a drag.
- Nirmal Bang Institutional Research also highlights the benefits of being a subscriber to access exclusive stories, newsletters, research reports, and more.
Bloomberg Quint | 27 Feb, 2025

PNB Housing Finance Can Rally 33% Driven By Affordable, EM Vertical, Says Nirmal Bang — Maintains 'Buy'
- PNB Housing Finance is confident of achieving a retail loan growth of ~17% in FY25, driven by affordable/emerging market segments.
- The company plans to increase the affordable housing segment from ~3% to ~15% of the loan book by FY27.
- To support this growth, PNB Housing Finance is expanding its branch network to 200 branches by Mar-25 and 300 branches by FY27.
- Nirmal Bang maintains a 'Buy' rating for PNB Housing Finance with an unchanged target price of Rs 1,100.
Bloomberg Quint | 21 Feb, 2025

Nestle Q3 Review — Results Below Expectations Led By Sales Miss; Nirmal Bang Maintains 'Buy' On The Stock
- Nestle's Q3 results were below expectations due to sales miss.
- Nirmal Bang maintains 'Buy' rating on the stock despite the underperformance.
- Valuation is not cheap at ~62 times FY26E EPS and ~56x FY27 EPS.
- Weak top-line momentum and expensive valuations make the brokerage maintain a 'Hold' rating on the stock.
Bloomberg Quint | 1 Feb, 2025

RBL Bank Q3 Results Review — Nirmal Bang Downgrades The Stock To 'Sell'; Here's Why
- RBL Bank stock will continue to see pressure in the near-to-medium term due to its two major verticals microfinance, credit cards seeing moderation in growth, asset quality stress, says Nirmal Bang.
- RBL Bank's Q3 FY25 PAT was much below the brokerage / consensus estimates by 84.9% / 81.7% respectively due to deterioration in asset quality and sharp increase in provisions.
- Nirmal Bang downgrades the RBL Bank stock to 'Sell' due to the reasons mentioned above.
- RBL Bank's performance in Q3 FY25 fell below expectations, leading to a downgrade in stock rating to 'Sell' by Nirmal Bang.
Bloomberg Quint | 20 Jan, 2025

Bajaj Auto Gets Both Rating, Target Price Upgrade From Nirmal Bang; Here's Why
- Bajaj Auto's stock receives both rating and target price upgrade from Nirmal Bang.
- Nirmal Bang believes that Bajaj Auto's favorable risk reward and trading at a core PE of 23 times at FY27 numbers makes it a good entry point.
- Bajaj Auto continues to see strong growth in export markets like Mexico and LATAM.
- In the month of December 2024, Bajaj Chetak secured a poll position with a 25% market share.
Bloomberg Quint | 7 Jan, 2025

Galaxy Surfactants - Domestic Market, AMET Could Spoil The Show; Downgrade To 'Hold': Nirmal Bang
- Nirmal Bang downgrades Galaxy Surfactants to a Hold on account of the ongoing demand challenges in India and supply chain related challenges in the AMET region, mainly for raw material procurement.
Bloomberg Quint | 26 Dec, 2024

Data Patterns Gets Target Price Upgrade From Nirmal Bang On Strong R&D, Outlook
- Data Patterns (India) Ltd.'s stock gets a target price upgrade from Nirmal Bang on strong research and development capabilities.
- Nirmal Bang raises the stock's target price to Rs 2,997 from Rs 2,881, maintaining a 'buy' rating.
- The company's order book provides solid revenue visibility, expected to grow at 19% annually from fiscal 2025 to 2027.
- Over the next two years, Data Patterns expects to spend more than Rs 150 crore on capex.
Bloomberg Quint | 16 Dec, 2024

Ceat's Camso Acquisition Is Synergistic Fit But Execution Risks Have Brokerages Mixed
- Ceat has announced the acquisition of the Camso brand from the Michelin group for $225 million.
- Nomura maintains a 'neutral' rating on Ceat, expressing caution over execution risks and macroeconomic volatility.
- Nuvama is positive on the high-margin potential and forecasts revenue and earnings growth due to the expanded international footprint and strategic inclusion of Camso's distribution networks.
- Nirmal Bang maintains a 'buy' rating on Ceat, emphasizing the synergistic fit and expects EPS accretion and strong synergies from the acquisition.
Bloomberg Quint | 12 Dec, 2024

Apollo Tyres Gets 'Buy' Upgrade From Nirmal Bang After Q2 Results; Here's Why
- Nirmal Bang Institutional Research has upgraded Apollo Tyres to 'Buy' after the company's Q2 results.
- The brokerage has revised its EPS estimate for FY25/26 due to the revision of the volume outlook.
Bloomberg Quint | 19 Nov, 2024

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Nirmal Bang FAQs
When was Nirmal Bang founded?
Nirmal Bang was founded in 1986. The company has been operating for 39 years primarily in the Financial Services sector.
Where is the Nirmal Bang headquarters located?
Nirmal Bang is headquartered in Kolkata, West Bengal.
How many employees does Nirmal Bang have in India?
Nirmal Bang currently has approximately 1,500+ employees in India.
Does Nirmal Bang have good work-life balance?
Nirmal Bang has a Work-Life Balance Rating of 3.6 out of 5 based on 20+ employee reviews on AmbitionBox. 54% employees rated Nirmal Bang 4 or above, while 46% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Nirmal Bang reviews for more details
Is Nirmal Bang good for career growth?
Career growth at Nirmal Bang is rated as moderate, with a promotions and appraisal rating of 3.0. 46% employees rated Nirmal Bang 3 or below, while 54% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Nirmal Bang reviews for more detailed insights.
What are the cons of working in Nirmal Bang?
Working at Nirmal Bang does have some drawbacks that potential employees should consider. The company is poorly rated for salary & benefits, promotions / appraisal and work satisfaction, based on 20+ employee reviews on AmbitionBox.
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