| Merchant Banking and Financial Services | Capital raising, corporate restructuring, mergers & acquisitions advisory, loan syndication, buy-back consultancy. | SEBI authorization as Category I Merchant Banker, strong client relationships. | Corporate clients, entrepreneurs, investors (B2B focus). | Advisory and issue management fees. | | | Fee-based income from advisory and issue management services. | Project-based fees and retainers. | Robust corporate demand for capital markets services and regulatory changes. | Category I Merchant Banker Services |
| Stock Broking and Investment Services | Stock broking, securities investments, private equity advisory, investment in AIFs and mutual funds. | Subsidiary acquisitions, NSE membership, ability to sponsor AIFs and mutual funds. | Retail and institutional investors (B2C and B2B). | Asset management and private equity fund sponsorship. | | | Brokerage, investment income, fund management fees. | Commission-based, fund management fees, asset-based fees. | Increased market participation and diversification into fund management. | Ashika Stock Broking Limited, Ashika Private Equity Advisors Pvt Ltd |
