| Broking, Distribution and Trading | Equity, commodity, currency, derivatives broking; clearing and depository services; proprietary and institutional trading. | Wide distribution network, technology platforms, clearing memberships across major exchanges. | Retail and institutional investors (B2C and B2B). | Proprietary trading and advisory services. | 1044 | 59 | Brokerage fees, clearing charges, distribution commissions, trading profits. | Transaction-based brokerage, subscription for advisory services. | Growing retail investor base, technology adoption, strategic bank partnerships. | StoxKart, SMCCOINS |
| Insurance Broking | General and life insurance brokerage, policy sourcing, renewal management. | Extensive point of sales network and digital AI-driven platform. | Individual and corporate clients (B2B and B2C). | High-value corporate insurance policies. | 570 | 32 | Commissions and fees from insurance policies sold and serviced. | Commission-based revenue. | Industry premium growth, stronger renewal cycles, improved product mix. | SMC Insurance Broking Pvt. Ltd |
| Financing (NBFC) | SME loans, micro-lending, gold loans, loan against property, supply chain financing. | Strong risk management, diversified loan portfolio, regulatory compliance. | SMEs and individual borrowers (B2B and B2C). | Gold loans and SME working capital finance. | 223 | 13 | Interest income, loan processing fees. | Interest-based recurring revenue. | Cautious portfolio growth focused on asset quality and geographic branch expansion. | Moneywise Financial Services Pvt. Ltd |
