| Equity Broking and Trading | Online equity trading on NSE and BSE, brokerage services, margin trading facility. | Established NSE membership, trading licenses, and robust technology platforms. | Retail and institutional investors (B2C and B2B). | Margin trading and proprietary trading segments. | 40 | 64 | Brokerage fees, transaction charges, margin interest. | Transaction-based brokerage and margin interest fees. | Rising retail participation, digital access, regulatory approvals for margin trading. | NDA Securities Trading Platform |
| Mutual Fund Distribution and Advisory Services | Mutual fund distribution, financial advisory and equity research services. | Strong research team and long-standing client relationships. | Retail investors, HNIs, corporates (B2C and B2B). | Advisory and research services. | 12 | 19 | Commission on fund sales, advisory fees. | Commission-based and advisory fee model. | Increasing mutual fund adoption and demand for investment advice. | NDA Mutual Fund Advisory |
| Depository and Commodity Broking Services | Depository participant services, commodity trading via subsidiary. | Subsidiary operations and diversified financial services. | Retail and institutional clients (B2C and B2B). | Depository services. | 10 | 17 | Transaction and service fees. | Fee per transaction and service subscription. | Commodity market growth and expanding depository services. | NDA Commodity Brokers Pvt Ltd (subsidiary) |
