SMC Global Securities

What SMC Global Securities does

SMC Global Securities Ltd. is a publicly listed Indian diversified financial services firm headquartered in New Delhi, founded in 1990 and listed on NSE/BSE since February 2021 under the ticker SMC GLOBAL. It provides full-service broking across equity, derivatives, currency, and commodities on NSE, BSE, MCX, NCDEX, and the India International Bullion Exchange at GIFT City, with a network of 2,100+ sub-brokers and authorized persons spanning 400+ cities plus international desks in Dubai and through a Saxo Bank partnership covering 36+ global exchanges. The company also distributes mutual funds, IPOs, bonds, corporate FDs, and life and general insurance; offers wealth management, portfolio management, investment banking (SMC Capitals), and forex advisory; and runs an NBFC subsidiary (Moneywise Financial Services) providing loans against securities, property, and commodities, plus SME, business, personal, and gold loans with an asset base exceeding Rs 1,000 crore. A digital discount broking sub-brand, Stoxkart, serves over 300,000 demat accounts under a zero-brokerage model, while SMCCOINS extends into branded bullion.

Name

SMC Global Securities

Legal name

SMC Global Securities Ltd.

Website

http://www.smcindiaonline.com/

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

SMC Global Securities is a publicly listed Indian financial services firm offering full-service broking, mutual fund/IPO distribution, insurance, wealth management, investment banking, and NBFC lending across 400+ Indian cities and international desks in Dubai and GIFT City, serving retail, HNI, institutional, and NRI clients.

Ownership category

akta.pro rank

Product category

Diversified Financial Services

NAICS

Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282), Loan Brokers (6163)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Retail brokerage services
• Equity derivatives trading
• Commodity currency broking
• Wealth management advisory
• Investment banking services

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices5 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. Equity & Derivatives Broking: Commission-based trading services across equity cash, F&O segments on NSE, BSE, and other exchanges for retail and institutional clients.
2. Currency & Commodity Trading: Broking services for currency derivatives and commodity trading on MCX, NCDEX, and other commodity exchanges.
3. Distribution of Financial Products: Distribution of IPOs, mutual funds, corporate fixed deposits, bonds, and insurance products through branch network.
4. Financing & Lending: NBFC operations providing loans against securities, commodities, property, IPO financing, business loans, and SME loans through Moneywise Financial Services subsidiary.
5. Wealth Management & Advisory: Portfolio management services, investment banking, and wealth advisory for HNI clients.
6. Insurance Broking: Life and general insurance distribution as a licensed IRDAI broker.
7. Consolidated Broking Revenue: Reported consolidated net profit of Rs 102.01 crore for FY26 with sales of Rs 1876.92 crore. Q4 FY26 saw net profit surge of 465.15% to Rs 21.08 crore.

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels8 records

Core offering

SMC Global Securities is a diversified Indian financial services firm providing integrated trading, distribution, advisory, and financing solutions across equity, derivatives, commodity, and currency segments. The company operates as a clearing member of NSE, BSE, MCX, and NCDEX, and distributes IPOs, mutual funds, corporate fixed deposits, bonds, life and general insurance products. Through subsidiaries SMC Capitals (investment banking), Moneywise Financial Services (NBFC lending), SMC Insurance Brokers, and Stoxkart (discount broking), it serves retail, HNI, NRI, institutional, and FPI clients via online platforms, a 2,100+ sub-broker network, and dedicated institutional/wealth management desks.

Product overview

SMC Global Securities is a diversified financial services company offering a comprehensive platform-plus-services model. The core trading infrastructure includes proprietary platforms: SMC ACE (mobile trading app), SMC Easy Trade, Algo Trader (automated trading), and Auto-Trender (technical analysis tool). These are complemented by digital sub-brands including STOXKART (discount brokerage with 300,000+ demat accounts) and SMCCOINS (gold/silver coins). The company provides full-service broking across equity, derivatives, currency, and commodities; distribution of IPOs, mutual funds, bonds, and insurance products; advisory services including wealth management, portfolio management, and forex advisory; financing solutions through its NBFC arm (Moneywise Financial); and depository/clearing services. The technology stack was modernized in 2025 via an AWS-powered cloud-native market data broadcasting platform.

Differentiator

Problem solved

Functional benefit

Brands

• Stoxkart: Retail discount broking platform offering equities, currencies, commodities, mutual funds, and bonds with zero-brokerage model
• SMCCOINS
• IndiaKaloan.com
• SMC Gold Desk
• SMC ACE
• Auto-Trender
• Algo Trader

Products and services

• Equity Broking Equity cash and derivatives (F&O) broking on NSE and BSE for retail and institutional clients, delivered via online platforms, mobile app, and sub-broker network.
• Currency Derivatives Trading Currency derivatives broking for retail traders and corporate hedgers, supported by a dedicated Corporate Hedging Desk.
• Commodity Broking Commodity derivatives broking on MCX and NCDEX (including acting as Designated Market Maker for MCX Gold Options).
• Institutional Broking Dedicated institutional desk providing execution, research, and clearing services to FPIs, mutual funds, insurance companies, pension funds, and prop desks.
• NRI Investment Services NRI-focused trading and investment services via PIS accounts and partnerships with HDFC Bank, Axis Bank, Yes Bank, IndusInd, ICICI Bank, IDFC First, and Kotak Mahindra Bank.
• FPI Investment Services Foreign Portfolio Investor onboarding, execution, and advisory support for overseas institutional investors accessing Indian markets.
• Clearing and Settlement Services Self-clearing and trading-clearing member services on NSE, BSE, MCX, and NCDEX, providing clearing and settlement for 320+ trading members.
• Depository Services Depository Participant services through CDSL and NSDL, providing demat accounts, dematerialization, and securities transfer.
• International Broking (SMC International / Saxo Bank) Global market access to stocks, ETFs, and bonds on 36+ exchanges with over 18,400 global stocks via the Saxo Bank partnership.
• IPO Distribution Application and allotment support for IPOs as a participating member of NSE/BSE, with financing up to Rs 1 crore for retail applicants.
• Mutual Fund Distribution ARN-registered distribution of equity, debt, hybrid, and solution-oriented mutual fund schemes from all major AMCs, with Rs 4,500 crore cumulative AUM; offered with SIP facility.
• Bond Distribution Distribution of government, corporate, and tax-free bonds for retail and institutional clients.
• Corporate Fixed Deposit Distribution Distribution of corporate fixed deposits from rated companies for retail and HNI investors.
• SIP Services Systematic Investment Plan (SIP) facility in mutual funds enabling disciplined periodic investing for retail clients.
• Life Insurance Broking IRDAI-licensed life insurance brokerage distributing policies from multiple life insurers to retail and HNI clients.
• Non-Life (General) Insurance Broking IRDAI-licensed general insurance brokerage distributing health, motor, and other non-life policies from multiple insurers.
• Wealth Management Personalized wealth advisory for HNI and UHNI clients covering goal-based planning, asset allocation, and product selection across mutual funds, bonds, PMS, and other instruments.
• Portfolio Management Services (PMS) Discretionary portfolio management services for HNI clients with SEBI-registered PMS offerings.
• Investment Banking (SMC Capitals) Investment banking and institutional equities through wholly-owned subsidiary SMC Capitals Limited, offering M&A advisory, capital raising, and equity research; partnership with Translink Corporate Finance strengthens global M&A presence.
• Forex Advisory Advisory on currency hedging and forex exposure for corporates, SMEs, and HNIs, supported by the Corporate Hedging Desk.
• Real Estate Advisory Real estate broking, mortgage advisory, and property-related loan advisory services for clients seeking property investment or financing.
• Loan Against Securities NBFC lending against equity, mutual fund, and bond holdings for retail and HNI clients, provided through wholly-owned subsidiary Moneywise Financial Services.
• Loan Against Commodities NBFC lending against commodity holdings (e.g., gold, bullion) to provide liquidity without selling commodity positions.
• Loan Against Property Secured NBFC loans from Rs 10 lakh to Rs 5 crore with tenure up to 15 years at fixed interest rates; available on residential, commercial, or industrial property.
• Business Loan Unsecured business loans from Rs 5 lakh to Rs 30 lakh with tenure of 12–48 months at fixed interest rates for SME and self-employed borrowers.
• SME Loan Term loans and overdraft/cash credit facilities from Rs 10 lakh to Rs 20 crore against residential, commercial, or industrial property for SMEs.
• Personal Loan Personal loans up to Rs 15 lakh with tenure 12–60 months at fixed interest rates for salaried individuals aged 23–60.
• IPO/NCD Financing Margin funding and financing up to Rs 1 crore for retail applicants applying for IPOs and NCD issues.
• Medical Equipment Financing Dedicated financing for medical and healthcare equipment purchases, targeting medical professionals, hospitals, and diagnostic centers.
• Stoxkart Discount Broking Platform Digital, zero-brokerage retail discount brokerage for trading in equities, currencies, commodities, mutual funds, and bonds; scaled to 300,000+ demat accounts.
• SMCCOINS (Gold and Silver Coins) Proprietary branded physical gold and silver coins sold to retail and HNI customers as part of the bullion business.
• Mobile Trading Application (SMC ACE / Easy Trade) Proprietary mobile trading application for retail and HNI clients enabling multi-asset trading with online account opening and real-time market access.
• Algo Trader Platform Proprietary algorithmic trading platform that enables rule-based, automated trade execution and back-tested trading strategies for retail and institutional clients.
• Auto-Trender (Technical Analysis Tool) In-house research-based analytical tool using complex algorithms to analyze trading behaviour and generate technical-analysis insights for traders.
• Robo Advisory Platform Algorithm-driven financial planning platform that provides personalized portfolio recommendations to retail investors based on risk profiling and goals.
• Portfolio Health Checker Investor-facing tool that analyzes and tracks the health of an investment portfolio across performance, asset allocation, and risk metrics.
• National Pension System (NPS) Distribution PFRDA-authorized Point-of-Presence services for NPS subscriber onboarding, contributions, and exit/withdrawal processing.
• SMC Gold Loan Dedicated gold-loan financing business under the SMC umbrella, operated through the Moneywise Financial Services NBFC subsidiary.
• IndiaKaloan.com (Online Loan Platform) Online platform that provides customized loan rate quotes across multiple lenders to retail and SME borrowers applying for personal, business, and property loans.

Quantifiable outcome

• 90% latency improvement in trading platform after AWS migration
• +4 more outcomes

Named customers5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core.

• Amazon Web Services (AWS)coreTechnology or Integration · 24 September 2025SMC partnered with AWS to modernize their retail trading infrastructure by building a cloud-native financial data distribution system. The platform uses AWS Transit Gateway multicast support combined with Fortinet SD-WAN, enabling multicast price feeds directly into AWS Cloud. The system handles tens of thousands of concurrent users and processes over 100,000 messages per second with zero downtime, achieving approximately 90% latency improvement.
• Translink Corporate FinancecoreStrategic or Co-development Partner · 1 January 2024SMC Capitals partnered with Translink Corporate Finance to strengthen its global M&A presence. This partnership enhances SMC's investment banking capabilities by leveraging Translink's international network of M&A advisors across multiple regions, enabling cross-border transaction capabilities.
• Saxo Bank (Denmark)coreChannel Partner/ Reseller/ Distributor · 1 January 2019SMC Global Securities acts as an introducing broker to Saxo Bank, providing instant access to global financial markets. Through this partnership, clients can trade stocks, ETFs, and bonds on 36+ exchanges worldwide with access to over 18,400 global stocks. SMC International platform offers multi-award winning trading infrastructure with real-time execution and professional analysis tools.
• Stoxkart (Digital Discount Broking)coreStrategic or Co-development PartnerStoxkart is SMC's digital discount brokerage platform launched in 2019, offering zero-brokerage trading in equities, currencies, commodities, mutual funds, and bonds. Founded by Pranay Aggarwal, it has scaled to over 300,000 demat accounts under his leadership, representing SMC's digital-first strategy targeting price-sensitive retail investors.
• NSE and BSEcoreTechnology or IntegrationMember of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for equity cash and derivatives trading, clearing and settlement services.
• MCX, NCDEX (Commodity Exchanges)coreTechnology or IntegrationMember of Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX) for commodity derivatives trading. SMC is also a Designated Market Maker for MCX Gold Options contract.
• CDSL, NSDL (Depositories)coreTechnology or IntegrationDepository participant of Central Depository Services Limited (CDSL) and National Securities Depository Limited (NSDL) providing demat account services, dematerialization, and securities transfer.
• NRI Banking PartnerscoreChannel Partner/ Reseller/ DistributorPartnerships with HDFC Bank, Axis Bank, Yes Bank, IndusInd, ICICI Bank, IDFC First, and Kotak Mahindra Bank for NRI PIS account services enabling NRI trading in Indian markets.
• India International Bullion Exchange (IIBX) - GIFT CitycoreTechnology or IntegrationSMC became Clearing and Trading Member of India International Bullion Exchange IFSC at GIFT City, enabling international gold and precious metals trading. Also launched SMC IFSC Global Opportunities Fund (Category III AIF).
• Dubai Gold and Commodities Exchange (DGCX)coreTechnology or IntegrationSMC Comex International DMCC (part of SMC Group) is a clearing and broking member of DGCX, offering trading in Forex, Gold, Silver, Crude (WTI & Brent), and Steel Rebar Contracts.
• Moneywise Financial ServicescoreStrategic or Co-development PartnerWholly-owned NBFC subsidiary providing loans against securities, commodities, property, business loans, SME loans, and personal loans. Grown to asset size exceeding Rs 1,000 crore, earning Mid-Layer NBFC status.

Scale indicators11 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Motilal Oswal Financial Services: Indian diversified financial services group offering broking, investment banking, wealth management, asset management, and home finance. Closely comparable to SMC in vertical mix (equity, derivatives, commodities, currency, distribution) and listed mid-cap positioning.
• ICICI Securities: Listed Indian securities firm offering equity broking, distribution, investment banking, and wealth advisory to retail and institutional clients. Comparable product suite and listed-equity status make it one of SMC's closest direct comparables.
• Anand Rathi Financial Services: Full-service Indian financial services firm with broking, investment banking, wealth management, and lending businesses. Overlaps directly with SMC's diversified, listed-mid-cap, multi-vertical financial services model.
• Geojit Financial Services: Indian financial services company offering equity, commodity, and currency broking, distribution, and wealth advisory. Similar pan-India retail broking and sub-distributor model, comparable size to SMC.
• Sharekhan (BNP Paribas): Indian retail-focused broking and financial services firm, owned by BNP Paribas, offering equity, derivatives, mutual fund distribution, and advisory. Comparable in retail sub-broker-led distribution and product breadth.
• Angel One: Leading Indian listed discount-to-full-service broker with rapidly growing active client base, offering equity, commodity, currency, mutual funds, and lending products via its own app. Direct overlap with SMC's Stoxkart and full-service franchise.

Emerging players

• Choice Broking: Indian retail and institutional broking firm offering equity, commodity, currency, mutual funds, and lending services with a pan-India franchise. Smaller in scale than SMC but with a comparable multi-product, multi-channel business model.
• Zerodha: India's largest discount broker, offering zero-brokerage equity, commodity, and currency trading and direct mutual funds through a tech-led platform. Direct competitor to SMC's Stoxkart and core retail broking franchise in price-sensitive segments.

Broad incumbents

• Kotak Securities: Subsidiary of Kotak Mahindra Bank offering full-service broking, distribution, and investment advisory to retail and institutional clients. Broader banking parent and larger balance sheet, but overlapping product set and Indian retail focus.
• HDFC Securities: Broking arm of HDFC Bank offering equity, derivatives, mutual fund distribution, IPO, and advisory services to a large retail base via digital and branch channels. Incumbent with deeper banking-distribution moat and wider product portfolio than SMC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/smcglobal
• LinkedInlinkedin.com/company/smc-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries7 records

Funding overview

Funding rounds2 records

Investors2 records

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

M&A

Investments2 records

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

Frequently asked questions about SMC Global Securities