| Retail Broking and Capital Market Services | Equity and derivatives broking, IPOs, mutual funds, trading platforms, and depository services | Strong retail brand, extensive SEBI-compliant network, diversified multi-market access | Retail investors across India (B2C) through branches and authorized agents | Portfolio management services and proprietary trading platforms | 48 | 100 | Brokerage commissions, transaction fees, portfolio management fees | Transaction-based brokerage and asset-based fees for PMS | Rising retail investor base, digital adoption, commodity market expansion | Joindre online trading platform, IPO and mutual funds distribution |
