What we do SMC Global Securities Ltd is a diversified financial services company providing brokerage, clearing, depository, financing, insurance broking, and wealth management services in India and internationally. |
Founded in 1,994 |
Market share Ranked among India’s top 1000 listed entities by market capitalization; strong presence across brokerage and financial services segments. |
Problem solved Enables retail and institutional investors to access diverse capital markets and financial products efficiently with technology-driven trading and advisory services. |
Top clients or who we serve Retail investors, institutional clients, NRIs, and corporates; operates in B2B and B2C financial markets sectors. |
Key management Subhash Chand Aggarwal (Chairman & MD), Mahesh C. Gupta (Vice Chairman & MD), Ajay Garg (Director & CEO), Pranay Aggarwal (Non-Executive Director). |
Our journey and innovations Founded in 1994; evolved from traditional broking to diversified financial services with digital platforms; listed in 2021; launched NBFC, insurance broking, and IFSC operations. |
Where we operate India-wide operations with presence in Dubai through subsidiaries; extensive reach via authorized persons and financial distributors across 413 cities. |
Top products or what we offer Equity, commodity, currency broking; insurance broking; NBFC-backed financing products; portfolio and wealth management; discount broking (StoxKart); IFSC-based services. |
Top brands StoxKart (discount broking), SMCCOINS (gold & silver coins), SMC IFSC Global Opportunities Fund (Alternate Investment Fund). |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily cyclical linked to market volumes; recurring income from financing, insurance broking, and portfolio management; ongoing digital subscription services. |
Our industry position Strong national broking player with diversified offerings and technological edge; growing share in insurance broking and NBFC financing segments. |
Financial highlights FY25 consolidated revenue ₹1778 crore, PAT ₹146 crore; 9MFY26 revenue ₹1360 crore, PAT ₹82 crore; steady revenue growth with recent profitability moderation. |
Geographical revenue split Majority revenue from India (₹1768 crore FY25), minor contribution from outside India (₹17 crore FY25). |
Order book - |
Whats driving growth Retail and institutional investor growth, digital platform expansion, product diversification in insurance, financing, and IFSC markets. |
Our future plans Broaden digital trading tools, expand financing portfolio, scale insurance broking, and grow alternate investment funds via IFSC platform. |
Our green promise - |
Our people and values Over 4000 employees fostering innovation, compliance, and customer centricity with focus on diversity and employee well-being. |
Key challenges ahead Regulatory changes affecting derivatives, compressed brokerage margins, increased compliance and technology investments. |
Interesting facts Operates in GIFT City IFSC with dedicated alternate investment funds; one of India’s few fully integrated financial services groups with NBFC and insurance arms. |
Risks and strategy Regulatory and market volatility mitigated by diversified offerings, technology investment, strong risk management policies. |
