Business Overview:^[1][2][3]
a) Broking, Distribution & Trading:^[4]
Company maintains an expansive physical and digital footprint, operating through a network of 2,154 authorized persons across 413 cities and 6,485 financial distributors. The segment has successfully transitioned toward a digital-first model, with online penetration reaching 70% as of 9MFY26. A key competitive advantage is its strategic 3-in-1 alliances with seven major PSU and private banks including PNB, UBI, and Ujjivan Bank. Serving a client base of 1.29 mn, the segment’s strategic priorities include deepening these banking partnerships, upgrading trading platforms to expand digital reach, and utilizing research-driven advisory tools to enhance customer engagement.
b) Insurance Broking:^[5]
The insurance vertical operates a robust national distribution network consisting of 8 branches, 495 employees, and 16,420 Point of Sales. This infrastructure is further supported by 381 Motor Insurance Service Providers, ensuring comprehensive coverage across Tier-1 and Tier-2 cities. The business is heavily weighted toward General Insurance, which constitutes 91% of the revenue pie. To serve both B2B and B2C networks, the group leverages a proprietary online portal integrated with advanced Artificial Intelligence capabilities.
c) Financing:^[6]
Established in 2008 through the subsidiary Moneywise Financial Services Pvt. Ltd., this segment provides a wide spectrum of specialized financial products, including SME Micro LAP, equipment finance, and onward lending to other NBFCs. The operations are conducted through 38 branches spanning seven states, managing a total of 7,591 loan accounts. The lending portfolio is highly diversified, with the largest concentrations in SME Working Capital Term Loans (WCTL) and SME Loan Against Property (LAP).
d) Discount Broking:
Moneywise Finvest Limited offers a discount broking platform viz. Stoxkart which has cost-effective brokerage plans, advanced trading tools, and strategic market insights. The platform also provides advanced features such as option chain with open interest and trading capabilities through both Trading View and Chart IQ charting interfaces. Further, it delivers detailed stock insights powered by Markets Mojo, covering 2,000 listed companies. Also, in FY24, it has launched the Smart Trader plan. In FY25, the client base stood at 1.17 million
e) Merchant Banking:
SMC Capitals Ltd, their Category I Merchant Banking arm, provides corporate advisory, fund-raising and M&A solutions. It is also a partner with Translink Corporate Finance, which is a global leader in mid-market cross-border M&A services operating in over 35 countries.
f) Wealth Management:
The company offers PMS services, client-centric advisory and relationship management through SMC Investments & Advisors Limited. It serves 11,763 clients, managing an AUM of ₹948 crores as of FY25
g) Broking and Clearing services:
SMC Global IFSC Pvt. Limited provides broking and clearing services on NSEIX, India INX and IIBX to its clients. SMC Global IFSC Pvt. Ltd., in FY25, holds a market share of 48.05% in gold and 36.60% in silver traded at the exchange.
h) Real estate:
It started dealing in GIFT city through SMC Real Estate Advisors Private Limited