ICAP plc has presence in India in the fixed income and foreign exchange markets under the common brand of 'ICAP India Private Limited'. The Forward Rupee business established in 1997 has grown to become amongst the largest FX brokers in India. The Fixed Income business established in 1999 acts as an interdealer broker in the Indian Government and Corporate Debt market, and recently commenced broking in Interest Rate Swaps. This business too has developed quickly with each desk independently recognised as the number one broker in the market.
The India operation has a total of 45 staff. ICAP plc has a 51% share holding in ICAP India Private Limited (earlier 'Garban Intercapital IL Pvt Ltd').
ICAP India Private Limited
202-206 Dalamal Towers
Nariman Point, Mumbai 400 021
India
Tel: +91 22 2285 5754