| Retail Broking and Distribution | Equity and derivatives trading, mutual fund distribution, stock lending & borrowing, margin trading, wealth management services. | Established brand with 30 years in market, wide retail client base, first mover in Gujarat, technological adoption like Algofy, strong distribution network. | Retail investors, resident and non-resident Indians, through partnerships with authorised persons. | Wealth management services and proprietary trading are high-margin segments. | 67 | 71 | Brokerage fees, commissions on mutual funds, margins, and service charges from financial products. | Commission-based on trades and distribution, fees for wealth management and margin facilities. | Rising retail investor participation, deeper capital markets, digital adoption, new trading platforms, financial product innovation. | Algofy platform, Equity and Derivative Broking, Mutual Funds |
