Centrum Capital

What Centrum Capital does

Centrum Capital Limited is a publicly listed Indian financial services holding company (BSE: 501150, NSE: CENTRUM), incorporated in 1977 and headquartered in Mumbai, that operates as an integrated financial services platform across four business verticals: Lending (now primarily SME/MSME finance through Centrum Financial Services Limited, an RBI-registered NBFC upgraded to CIC status in 2022, and microfinance through Centrum Microcredit Limited with 130 branches across 72 districts serving 2,10,000+ women entrepreneurs under the JLG model), Wealth, Broking and Insurance (open-architecture wealth management, retail and institutional stock broking via the Centrum Finverse digital portal, and multi-line insurance distribution), Investment Banking and Institutional Equities (debt and equity capital raising, infrastructure advisory, and institutional research — having placed over Rs 2 trillion of capital cumulatively across sectors for blue-chip corporates, PSUs, and financial institutions), and Alternative Investments (private credit and venture debt through Centrum Alternatives LLP and Modulus Alternatives). The group also operates Unity Small Finance Bank as a wholly owned subsidiary offering banking, depository and authorized dealer services.

The company monetizes through a diversified mix of fee-based revenue streams (investment banking advisory and underwriting fees, wealth management and insurance distribution commissions, stock broking transaction fees, and alternative-investment management fees) and interest income from its NBFC and small finance bank lending operations. Distribution combines enterprise field sales for investment banking and wealth, a self-serve digital portal (Centrum Finverse) for retail broking, and a physical branch network for lending to underserved tier 2 and tier 3 markets. Recent corporate actions — the divestiture of Centrum Housing Finance Limited to Weaver Services (completed March 2026 for ~Rs 600 crore) and the surrender of the parent's SEBI Category I Merchant Banker registration (February 2026) — indicate active portfolio reshaping, while new partnerships (Bandhan Bank 3-in-1 account, Terra Alliance international network membership) and senior leadership additions at Centrum Wealth and Modulus Alternatives signal continued investment in the remaining fee-based and alternatives franchises.

Q4 FY2026 consolidated net sales were Rs 1,029.69 crore, down 7.75% year-on-year, with a Rs 31.27 crore consolidated net loss for the quarter, reflecting in part the divestiture-led restructuring. The company is led by Executive Chairman Jaspal Bindra and Chairman Emeritus Chandir Gidwani, with Jaspal Bindra and Chandir Gidwani identified as founders of the group.

Name

Centrum Capital

Legal name

Centrum Capital Limited

Website

https://centrum.co.in

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Centrum Capital is a publicly listed Indian financial services holding company operating integrated lending (SME/MSME and microfinance), wealth management, stock broking, insurance distribution, investment banking, and alternative investments, with Unity Small Finance Bank as a wholly owned subsidiary.

Ownership category

akta.pro rank

Product category

Diversified Financial Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Miscellaneous Financial Investment Activities (523999)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Term Loans & Growth Capital (FSAKAGAB)

akta.pro secondary industries

Microloans & Working Capital Loans (FSAKAGAA), Middle-Market Lending (FSANADAI)

Keywords

• Investment banking services
• Wealth management advisory
• Stock broking services
• Housing finance lending
• Microfinance lending

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Fee-based Financial Services: Provides fee-based financial services to blue-chip corporates, PSUs, banks and financial institutions including placement of debt and equity capital. Revenue generated through advisory fees, underwriting fees, and transaction-based charges.
2. Stock Broking and Distribution: Brokerage revenue from retail and institutional stock broking, distribution of mutual funds and other investment products through digital portal and relationship managers.
3. Wealth Management: Open architecture wealth management platform providing investment advisory across asset classes, generating fees from distribution of third-party investment and insurance products.
4. Lending Operations: Interest income from housing finance, SME/MSME loans, and microfinance lending operations. Focus on underserved populations in tier 2 and tier 3 cities.
5. Asset Management: Alternative investment funds including private credit, venture debt, and structured credit through Centrum Alternatives LLP and Modulus Alternatives.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Centrum Capital is an integrated financial services group offering investment banking and institutional equities, wealth management, stock broking, insurance distribution, housing finance, SME/MSME lending, microfinance, and alternative investments through multiple subsidiaries. The group operates across four primary business verticals — Lending, Wealth/Broking/Insurance, Investment Banking & Institutional Equities, and Alternative Investments — serving corporates, HNWIs, retail investors, and underserved segments.

Product overview

Centrum Capital operates as an integrated financial services platform offering a comprehensive suite of products across four main business verticals: Lending (housing finance, SME/MSME finance, and microfinance), Wealth Management & Broking (wealth advisory, stock broking, and insurance distribution), Investment Banking & Institutional Equities (capital markets advisory, debt/equity raising, and infrastructure advisory), and Alternative Investments (private credit and venture debt). The core platform is organized around specialized subsidiaries including Centrum Housing Finance Limited (CHFL), Centrum Microcredit Limited, Centrum Financial Services Limited, Unity Small Finance Bank, and Centrum Broking/Centrum Finverse. Each business vertical offers distinct product lines that serve different customer segments from retail individuals to corporate clients, with technology-enabled platforms supporting digital trading, lending operations, and wealth management services.

Differentiator

Problem solved

Functional benefit

Brands

• Unity Small Finance Bank: Small Finance Bank providing banking services
• Centrum Wealth
• Centrum Broking
• Centrum Alternatives
• Centrum Finverse
• Centrum Housing Finance Limited (CHFL)
• Centrum Microcredit Limited
• Centrum Financial Services Limited (CFSL)

Products and services

• Investment Banking Fee-based financial services including debt and equity capital raising, corporate finance advisory, and infrastructure advisory for blue-chip corporates, PSUs and financial institutions.
• Institutional Equities Research and distribution services for institutional investors with coverage on large and emerging mid-cap companies.
• Wealth Management Open architecture investment advisory platform across asset classes with distribution services, family office and corporate treasury offerings.
• Stock Broking Digital trading platform for stocks and mutual funds serving both retail investors and traders.
• Insurance Distribution Distribution of life, general, health, and travel insurance products across multiple insurance companies through an open architecture model.
• SME & MSME Finance NBFC services providing flexible financing solutions including working capital, trade finance, supply chain financing, real estate finance and credit solutions for SMEs and MSMEs in metros and Tier II cities.
• Microfinance Microcredit services providing loans to low-income women entrepreneurs in urban, semi-urban and rural areas through Joint Liability Group (JLG) model for income generation and financial inclusion.
• Housing Finance Long-term housing finance services targeting middle-class India, providing home loans and non-home loans for lower and middle-income families in tier 1, 2 and 3 cities under the PMAY scheme.
• Private Credit Structured credit investment products providing financing solutions through alternative investment funds via Centrum Alternatives LLP and Modulus Alternatives.
• Venture Debt Debt financing solutions for growth-stage companies and startups as an alternative to traditional equity funding.
• Unity Small Finance Bank Small Finance Bank offering banking services including deposits, loans, and digital banking products, operated as a subsidiary within the Centrum Group with AD license and depository participant services.
• Centrum Finverse Digital stock broking, research analyst, and depository participant services providing technology-enabled investment and trading solutions.

Named customers3 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered minor and core.

• Axis CapitalminorChannel Partner/ Reseller/ Distributor · 12 June 2026Axis Capital serves as book running lead manager for IPOs including Bonfiglioli Transmissions. Centrum Capital also serves as book running lead manager for various IPO mandates.
• Bonfiglioli TransmissionsminorChannel Partner/ Reseller/ Distributor · 12 June 2026Centrum Capital serves as book running lead manager for Bonfiglioli Transmissions IPO, a pure offer for sale of up to 4.70 crore shares planned for listing on NSE and BSE.
• Bandhan BankcoreChannel Partner/ Reseller/ Distributor · 10 June 2026Centrum Finverse partnered with Bandhan Bank to launch a seamless 3-in-1 account offering integrated banking and investment services.
• Terra AllianceminorStrategic or Co-development Partner · 25 November 2025Centrum Capital appointed as a member firm with Terra Alliance, an international network of independent financial advisory firms for cross-border deal flow and expertise sharing.
• Unity Small Finance BankcoreStrategic or Co-development PartnerUnity Small Finance Bank is a subsidiary within the Centrum Group, offering digital banking services and operating as a small finance bank with AD license and depository participant services.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• IIFL Finance / IIFL Securities: Closest like-for-like peer: Indian listed financial group offering diversified services across NBFC lending, wealth management, broking, and investment banking. Comparable scale, multi-vertical structure, and similar GTM across retail and institutional clients.
• Motilal Oswal Financial Services: Indian listed group combining institutional equities research, broking, wealth management, asset management (including alternatives via Motilal Oswal Alternates), and housing finance. Overlaps with Centrum in investment banking, broking, wealth, and alternatives.
• JM Financial: Indian listed financial group with parallel verticals: investment banking, institutional equities, wealth/broking, NBFC lending (home loans, SME, structured credit), and alternative asset management. Very comparable business mix and scale.
• Edelweiss Financial Services: Indian listed diversified financial group spanning credit (retail, SME, wholesale), alternatives, wealth, and insurance. Comparable multi-vertical structure including ECL Finance (NBFC) and Edelweiss Alternatives.
• Cholamandalam Investment and Finance Company: Major Indian listed NBFC with vehicle finance, home loans (incl. affordable housing), SME loans, and wealth distribution. Comparable lending focus, especially in affordable housing and SME which directly overlaps with CFSL and (pre-divestiture) CHFL.
• MAS Financial Services: Indian listed NBFC focused on micro-enterprise, SME, and two-wheeler financing with strong tier 2/3 distribution. Highly comparable to Centrum's SME/MSME and microfinance lending verticals in terms of customer profile and ticket size.
• Five-Star Business Finance: Indian listed NBFC focused on affordable housing and small business loans in tier 2/3 and semi-urban India. Directly comparable to CFSL's SME/MSME lending and (pre-divestiture) CHFL's affordable housing focus.
• Spandana Sphoorty Financial: Indian listed microfinance institution serving women borrowers in rural and semi-urban India via JLG model. Directly comparable to Centrum Microcredit's customer segment, product (micro loans via JLG), and geographic focus on underserved states.

Broad incumbents

• Kotak Mahindra Bank: Large diversified Indian financial group with banking, investment banking (via Kotak Mahindra Capital), broking (Kotak Securities), and asset management. Significantly larger scale; benchmark for the integrated financial services model Centrum aspires to.
• ICICI Securities: Indian listed institutional broker and investment bank (subsidiary of ICICI Bank) offering equity capital markets, broking, wealth, and distribution. Overlaps directly with Centrum's investment banking, institutional equities, and broking verticals, though at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/CentrumIndia
• LinkedInlinkedin.com/company/459891

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries19 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centrum Capital