| Broking Activities | Comprehensive stock broking services on NSE & BSE including retail and institutional equities, depository and internet trading. | Established brand with integrated services, regulated operations, and strong client trust in Indian market. | Retail investors and institutional clients within Indian financial markets. | Equity broking services and internet-based trading platforms yield higher margins. | 40 | 69 | Brokerage fees, commissions, and depository charges from retail and institutional clients. | Brokerage and fees based on transaction volumes; primarily recurring revenue through commissions. | Increasing market participation and digital trading adoption driving brokerage volumes. | |
