| Stockbroking and Financial Services | Equity trading on NSE/BSE, derivatives, currency futures, portfolio management, mutual funds distribution, and depository services via CDSL. | Longstanding market presence, membership in premier exchanges, customer trust, and diversified financial product portfolio. | Individual retail investors, proprietary traders, and institutional clients in B2C and B2B domains. | Portfolio management services and mutual funds distribution yield higher margins. | 2 | 100 | Brokerage fees, advisory charges, portfolio management fees, mutual fund commissions, and transaction fees. | Fee and commission-based with recurring brokerage models and asset-based portfolio fees. | Increasing retail participation in capital markets and adoption of online trading platforms. | |
