| Merchant Banking & Investment Advisory | Debt and equity private placements, loan syndication, financial restructuring, investment advisory. | Strong brand, regulatory registration as Category I Merchant Banker, deep market expertise. | B2B - banks, financial institutions, government undertakings, corporates. | Syndication and advisory services. | 127 | 26 | Fees from advisory and syndication services. | Fee-based, project and transaction-wise revenue model. | Rising corporate debt demands, structured financing, and capital market innovations. | A.K. Capital Finance |
| Subsidiaries & Stock Broking Services | Stockbroking, wealth management, NBFC activities through subsidiaries. | Market reputation, diversified financial services portfolio, regulatory compliance. | B2B and B2C - retail and institutional clients. | Wealth management and brokerage fees. | 357 | 74 | Brokerage commissions, asset management fees, finance interest income. | Commission and fee-based recurring revenue. | Expansion of wealth management, retail broking growth, NBFC loan book expansion. | A.K. Stockmart, A.K. Wealth Management |
