What we do Aryaman Capital Markets Limited is a diversified financial services company offering stockbroking, underwriting, investment, and advisory services, primarily in India’s equity and debt markets. |
Founded in 2,008 |
Market share A recognized player in SME market-making and equity brokerage, migrated to BSE Main Board in 2025, achieving robust revenue growth and expanding market presence. |
Problem solved Provides seamless capital market access, underwriting, and advisory services to facilitate investment and fundraising for companies and investors. |
Top clients or who we serve Serves retail and institutional investors, SMEs, and corporates in equity/debt markets with B2B and B2C financial solutions. |
Key management Shripal Shah (Executive Director), Shreyas Shah (Whole Time Director), experienced leadership team overseeing growth and compliance. |
Our journey and innovations From inception in 2008, transformed via ownership change and diversified into market-making, brokerage, SME focus, and capital market advisory services. |
Where we operate Primarily operates in India with market activities on BSE and NSE; focuses on Indian equity markets including SME segments. |
Top products or what we offer Services include stockbroking, underwriting, market making, corporate finance advisory, M&A, loan syndication, and investment management. |
Top brands No specific brands; known for expertise in SME market making, underwriting public issues, and financial advisory services. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is largely cyclical reflecting capital market activity but includes recurring fee-based advisory and brokerage income. |
Our industry position Emerging leader in SME market making and equity brokerage with increasing market share post migration to BSE Main Board. |
Financial highlights FY 2025 Revenue Rs. 77.33 Cr; Profit Rs. 22.93 Cr, nearly 2.5x growth over prior year, showcasing robust profitability and financial health. |
Geographical revenue split Revenue primarily from Indian capital markets, focused on Mumbai and nationwide SME segments. |
Order book - |
Whats driving growth Growth driven by rising investor interest in SME equities, increased market activity, and expansion of advisory services. |
Our future plans Expand market-making, underwriting activities and deepen presence in SME capital markets along with broadening advisory services. |
Our green promise - |
Our people and values Small, agile team of 8 employees with a commitment to inclusion and professional governance frameworks. |
Key challenges ahead Market volatility, regulatory compliance, and competition in financial services pose ongoing challenges. |
Interesting facts Successfully migrated from BSE SME to BSE Main Board in 2025; has managed multiple public and rights issues aggregating significant capital. |
Risks and strategy Mitigates market and regulatory risks through strong compliance, diversified services, and leveraging SME market expertise. |
