| Banking Correspondence Services | Providing banking services in partnership with regional banks like Jharkhand Rajya Gramin Bank, Bank of India, and Madhya Pradesh Gramin Bank. | Strong local bank partnerships and regulatory approvals. | B2C focus serving retail banking customers in regional markets. | Commission from banking transactions and remittances. | 1 | 29 | Revenue through fees and commissions as a corporate business correspondent. | Fee and commission-based revenue model. | Increasing penetration of banking services in rural and semi-urban India. | |
| Mutual Fund Distribution and Wealth Management | Brokerage services for purchasing and managing mutual fund investments across 28 fund houses with over Rs.150 crore AUM. | Diverse fund house partnerships and accredited brokerage licenses. | Retail investors seeking diversified mutual fund investments (B2C). | High-margin brokerage services on AUM growth and recurring commissions. | 2 | 71 | Brokerage commissions and asset management fees. | Commission and fee-based, recurring revenue linked to assets under management. | Growing investor awareness and asset inflows into mutual funds, expanding partnerships. | ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life, SBI Mutual Fund, Axis Mutual Fund. |
