| Investment activity | Investment in equity shares, mutual funds, fixed deposits, corporate loans and NBFC financial services. | Longstanding market presence, expert portfolio management, and regulatory compliance confer competitive edge. | Institutional and corporate investors, group companies, and retail shareholders. | Equity investments and loans to subsidiaries deliver higher margins. | 31 | 74 | Income through interest, dividends, capital gains, and loans to group companies. | Returns based on investment performance and interest; no direct pricing to customers. | Market recovery, strategic asset allocation, and private equity deals driving income growth. | |
| Insurance | Corporate agency services and equity investments in Future Generali India Life Insurance. | Exclusive corporate agency with prominent insurance partner strengthens foothold. | Insurance clients through corporate agency business; B2B clients in insurance sector. | Equity stakes in insurance JV provide stable earnings. | 1 | 3 | Commissions from insurance agency and share of profits from joint venture. | Commission-based and profit-sharing models. | Growth in insurance distribution and JV performance boosting segment. | |
| Real Estate | Residential and commercial real estate development in NCR and Aerocity project. | Land bank under builders scheme and strong local presence offer competitive advantage. | End consumers, investors, and commercial tenants. | Premium apartments and commercial spaces yield higher margins. | 4 | 9 | Sale of developed real estate properties and leasing income. | Project-based sales and lease rentals. | Launch of new residential and commercial projects, real estate market demand. | Express Park View I, The Golden Palm Village - AEROCITY |
| Investment Brokerage Services | Brokerage services in capital markets, currently minimal operations post subsidiaries' merger. | | Retail and institutional investors. | | 0 | 0 | Brokerage commissions and advisory fees. | Commission-based, transactional. | Dependent on capital market activity; currently subdued. | |
