| Broking | Equity and derivative trading on NSE and BSE, commodity trading via subsidiary, depository participant services. | Strong brand under Aditya Birla Group, extensive branch network, robust technology platform. | Retail and institutional investors (B2C and B2B). | Equity and derivatives broking with recurring client trades. | 153 | 34 | Brokerage fees, transaction charges, and commissions from trading activities. | Per transaction brokerage and subscription-based portfolio management. | Rising investor base, technology adoption, financial literacy, and commodity market expansion. | Aditya Birla Money Broking Services |
| Trading in Securities | Portfolio management, advisory services, securities trading. | Strong integration with broking services and access to fintech advisory platforms. | High net worth individuals and institutional clients (B2B and B2C). | Portfolio management with recurring advisory fees. | 1 | 0 | Fees on managed assets, advisory charges, and trading profits. | Fee-based on assets under management and performance. | Launch of portfolio management in 2015 and expanding wealth management services. | Portfolio Management Services |
| Others | Financial product distribution, wholesale debt business, advisory services from fintech. | Backed by Aditya Birla Group’s financial ecosystem and broad customer base. | Retail customers and institutional investors. | Financial product distribution commissions and advisory fees. | 7 | 2 | Distribution commissions, advisory fees, and wholesale debt transaction income. | Commission and fee-based revenue streams. | Newly launched financial product distribution channel and wholesale debt business expansion. | |
