| Financial Services - SME Lending | Structured loans including business loans, loans against commodities, project financing, and syndication. | Established relationships with SMEs, diversified loan portfolio, and capital raising advisory expertise. | Primarily B2B serving SMEs, traders, and small enterprises across India. | Debt syndication, advisory services, and syndicated loans provide higher margins due to fee income. | 105 | 93 | Interest income from loans, fees from structured financing and debt syndication services. | Interest-based lending with fees; loan pricing varies per credit risk and product. | Increasing SME credit demand, government focus on MSMEs, and rising financial inclusion. | |
| Advisory & Capital Raising Services | Financial advisory on equity, debt, seed funding to IPO support for SMEs and growing businesses. | Experienced advisory team, end-to-end capital market guidance, niche positioning in SME segment. | SMEs and mid-sized companies seeking growth capital and structured advisory support. | Capital raising advisory commands premium fees and higher profitability. | 8 | 7 | Advisory fees and success fees linked to capital-raising transactions. | Service fees including retainer and success-based fees. | Growing demand for professional capital raising and structured financial advisory among SMEs. | |
