Citigroup Venture Capital has acquired nearly a 20% stake in the Anand Rathi Securities Ltd. Citigroup's private equity arm has bought a 19.9% stake in Anand Rathi Securities.

Anand Rathi was set up in 1994 by Anand Rathi, a former president of the Bombay Stock Exchange (BSE). It has offices in Dubai, Bangkok and several Indian cities. The company provides a variety of services such as wealth management, investment banking, brokerage and distribution of equities, commodities, mutual funds and insurance.