| Capital Market Broking | Equity and derivatives broking, structured hedge fund products | Longstanding market presence, NSE and BSE memberships, trusted brand in western India | Retail investors, institutional clients (B2C and B2B) | Hedge fund management and advisory services | 5 | 100 | Brokerage fees, fund management fees, commissions from trading activities | Transactional brokerage fees; fund fees based on asset management | Rising retail participation, expansion of branch network, innovative investment products | Munoth Hedge Fund, Retail Broking Services |