| Stock Broking & DP Operations | Equity broking, Depository Participant services across NSE, BSE, MCX, NCDEX | Established exchange memberships, proprietary software, extensive client network | Retail and institutional investors (B2C, B2B) | Brokerage and DP fees | 48 | 69 | Brokerage fees, transaction commissions, DP charges | Transaction-based brokerage and service fees | Increased retail participation, technology-driven trading convenience, new branch expansions | Steel Pack back-office software |
| E-Governance Operations | E-Governance services including pension schemes promotion, Aadhaar enrollment | Recognized POP status by PFRDA, strong government affiliations, extensive franchise network | Government agencies, retail customers (B2G, B2C) | Pension and Aadhaar enrollment services | 22 | 31 | Service fees and commissions from government schemes and agencies | Fixed fees and service-based revenue | Government initiatives on digital identity and pension schemes, large franchising network growth | Authorized Person for NPS, Aadhaar Enrollment Agency |
