| Income from Advisory Services | Corporate advisory, investment banking, mergers and acquisitions, ESOP advisory, due diligence for various funds. | Deep market relationships, SEBI approvals, expertise in mid-market IPOs. | Mid-cap companies, institutional investors, alternative investment funds (B2B). | Book running and structured advisory mandates. | 16 | 52 | Fees from advisory services including IPOs, rights issues, and corporate transactions. | Project-based fees, retainers. | Increased capital market transactions, SME IPOs, regulatory support for fund raising. | |
| Broking & related activities | Stock broking, institutional trading, depository services, mutual fund distribution. | Membership in BSE, NSE, CDSL and strong institutional sales team. | Institutional and retail investors (B2B and B2C). | Institutional brokerage services. | 4 | 15 | Commissions, brokerage fees, depository participant charges. | Transaction and commission-based. | Growth in institutional broking and introduction of AI app targeting retail women investors. | Keynote Capitals Ltd |
| Trading in Securities | Proprietary trading activities in equities and securities. | Market knowledge and risk management expertise. | Internal trading desks. | Proprietary trading gains. | 7 | 23 | Gains from trading activities. | Trading profits. | Market volatility and trading opportunities. | |
| Investment Activities | Financing vehicles and consumer durables, credit facilitation. | Regulatory approvals as NBFC, growing lending portfolio. | Individual and corporate borrowers (B2C/B2B). | Vehicle financing. | 1 | 3 | Interest income and financing fees. | Interest-based recurring revenue. | New financing ventures, consumer demand for credit. | Keynote Fincorp Limited (NBFC) |
