CentrumDirect
CentrumDirect (Centrum Capital Limited) is a Mumbai-headquartered, publicly listed Indian diversified financial services group offering investment banking, institutional equities, wealth management, stock broking, insurance distribution, housing finance, SME/MSME lending, microfinance, private credit, and small finance banking (Unity SFB) across 140+ Indian cities and Singapore.
- Company typePublic
- Founded1977
- HeadquartersMumbai, India
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What CentrumDirect does
CentrumDirect, operating through its listed parent Centrum Capital Limited (BSE: 501150, NSE: CENTRUM), is a Mumbai-headquartered diversified Indian financial services group that has operated since 1997 and is incorporated under the legal name Centrum Capital Limited (originally Jasmine Investments Limited, 1977). The group offers an integrated suite spanning Investment Banking (debt and equity capital markets, M&A, infrastructure advisory), Institutional Equities (a 15-member midcap-focused research platform serving 100+ institutional clients), Wealth Management and Family Office services (covering 10,000+ family accounts and approximately 4,000+ HNI families), Stock Broking (retail via Centrum GalaxC, Centrum Finverse and Centrum Broking on NSE/BSE/MSE), Insurance Distribution (life, general, health, travel on an open-architecture platform), Alternative Investments (private credit via Modulus Alternatives with INR 2,945 crore deployed across 26 investments, and venture debt via Ignis Capital), and Lending (housing finance through Centrum Housing Finance Limited, SME/MSME finance through Centrum Financial Services Limited, and microfinance to 210,000+ women entrepreneurs through Centrum Microcredit Limited across 130 branches in 72 districts). Banking is delivered through wholly-owned Unity Small Finance Bank Limited, which holds an RBI Small Finance Bank License (MUM149) and Depository Participant registration, with international presence in Singapore.
The platform is built on a multi-license stack — SEBI Stock Broker, Depository Participant, Investment Adviser, Portfolio Manager and AIF Category II registrations; IRDAI Corporate Agency via Unity; RBI NBFC-CIC; NHB Housing Finance registration — and uses a hybrid distribution model combining dedicated institutional sales teams, an HNI relationship manager network, digital self-serve trading and investment platforms, and a physical microfinance branch network. The group reported Consolidated Total Income of INR 2,23,866.43 lakhs (Standalone: INR 9,686.84 lakhs) for FY2023-24 with a consolidated loss after tax of -INR 7,118.84 lakhs, reflecting an entity in scale-build mode across banking, housing finance, and private credit rather than a profit-maximising steady state. Cross-selling across the seven core verticals, cross-border capabilities through the Singapore office and Terra Alliance membership, and recent digital initiatives such as the 2024 launch of Centrum GalaxC and the 2026 Centrum Finverse-Bandhan Bank 3-in-1 account integration define the current strategic posture.
CentrumDirect firmographics
Firmographics- Name
- CentrumDirect
- Legal name
- Centrum Capital Limited
- Website
- https://centrum.co.in
- Company type
- Public
- Founded year
- 1977
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- CentrumDirect (Centrum Capital Limited) is a Mumbai-headquartered, publicly listed Indian diversified financial services group offering investment banking, institutional equities, wealth management, stock broking, insurance distribution, housing finance, SME/MSME lending, microfinance, private credit, and small finance banking (Unity SFB) across 140+ Indian cities and Singapore.
- Ownership category
- akta.pro rank
CentrumDirect industry classification
Industry- Product category
- Integrated Financial Services
- NAICS
- Nondepository Credit Intermediation (5222), Depository Credit Intermediation (5221), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Real Estate Credit (522292)
- SIC
- Finance Services (6199), Miscellaneous Business Credit Institution (6159), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282), Savings Institution, Federally Chartered (6035)
- akta.pro primary industry
- Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)
- akta.pro secondary industry
- Specialty Finance / Structured Credit (FSANADAE)
Keywords
Where CentrumDirect is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices6 records
Markets served
CentrumDirect business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Fee-based Financial Services: Centrum Capital Limited provides fee-based financial services to blue-chip corporates, PSUs, banks and financial institutions through investment banking, advisory, and capital markets services. Revenue generated through advisory fees, success fees, and underwriting commissions.
- Brokerage and Trading: Stock broking services through NSE, BSE, MSE generating brokerage revenue from institutional and retail equity trading, derivatives, and currency segments
- Insurance Distribution: Distribution of life, general, health, and travel insurance products earning distribution commissions from insurance companies
- Asset Management (Private Credit): Modulus Alternatives manages private credit funds (Category II AIF) with invested capital of over INR 2,945 crore, generating management fees and performance fees from investors
- Lending Operations: Housing finance (CHFL), SME/MSME finance (CFSL), and microfinance (CMPL) generate interest income from loan disbursements to target segments
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Housing loan interest rates determined by credit profile, loan amount, and property type |
| Subscription | Annual | Insurance premiums set by insurance company partners based on risk assessment |
| Transaction based/ take rate | Pay-as-you-go | Investment banking fees based on transaction type and deal size |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels5 records
CentrumDirect product offering
Product offeringCore offering
CentrumDirect (Centrum Capital Limited) is an integrated Indian financial services group offering investment banking (debt and equity capital markets, M&A, infrastructure and corporate finance advisory), institutional equities (sales trading and midcap-focused research), retail stock broking, wealth management (advisory, portfolio management, family office and corporate treasury services), insurance distribution (life, general, health, travel), housing finance, SME/MSME lending, microfinance, and alternative investments (private credit through Modulus Alternatives, venture debt through Ignis Capital) under the umbrella of a banking license held via subsidiary Unity Small Finance Bank. It serves retail investors, high net worth individuals, family offices, corporates, and institutional clients across 140+ Indian cities and in Singapore, combining relationship-led advisory with digital delivery on the Centrum GalaxC investment platform.
Product overview
CentrumDirect operates as an integrated financial services group offering a comprehensive suite of products across Banking (Unity Small Finance Bank), Wealth Management (Distribution Services, Family Office, Corporate Treasury), Stock Broking (Retail and Institutional), Insurance Distribution (Life, General, Health, Travel), Investment Banking (Debt, Equity, Corporate Finance, Infrastructure Advisory), Institutional Equities (Research, Sales Trading), Alternative Investments (Private Credit through Modulus Alternatives, Venture Debt through Ignis Capital), and Lending (Housing Finance, SME/MSME Finance, Micro Finance). The platform follows an open architecture model with both digital capabilities (Centrum GalaxC, mobile/web portals) and traditional relationship-based advisory services, serving retail, HNI, and institutional clients across 140+ cities in India with international presence in Singapore.
Differentiator
Problem solved
Functional benefit
Brands
- Unity Small Finance Bank: RBI licensed Small Finance Bank offering banking services, depository services, and corporate agency services.
- Modulus Alternatives
- Centrum Wealth
- Centrum Broking
- Centrum Finverse
- Ignis Capital
- Centrum Foundation
Products and services
- Wealth Management Services Comprehensive wealth management services for high net worth individuals, including investment advisory across asset classes, discretionary and non-discretionary portfolio management services, family office solutions (tax and financial planning, family legacy and succession planning, trust and estate services, philanthropy advisory), and corporate treasury investment management following safety, liquidity and tax efficiency principles.
- Investment Banking Advisory Full-service investment banking including debt capital markets (working capital, project finance, term loans, external commercial borrowings, trade finance), equity capital markets (IPOs, FPOs, QIPs, rights issues, buybacks and delisting), corporate finance advisory (business planning, capital structuring, M&A, PE advisory, venture capital funding for unlisted companies), and infrastructure advisory spanning roads, airports, ports, railways, energy and urban infrastructure. Has raised over Rs. 2 trillion of equity and debt capital across sectors.
- Retail and Institutional Stock Broking Full-service equity, derivatives, currency, ETF and mutual fund broking for retail investors and traders (through Centrum Broking and Centrum Finverse) and institutional clients, with interactive web platform and mobile application, NSE/BSE/MSE memberships, demat services and research-backed advisory. Includes Private Client Services, Portfolio Management Services, and a Technical Trading Strategies desk offering short and medium-term positional and intraday trading ideas.
- Institutional Equities and Research Institutional brokerage and equity research services covering 120+ midcap companies, serving 100+ institutional clients including mutual funds, insurers, foreign portfolio investors and private equity players. Includes Institutional Research (15-member core research team providing fundamental and ground-level analysis of midcap companies) and Institutional Equities sales trading.
- Insurance Distribution Pan-India distribution of life insurance (term plans, child plans, ULIPs, retirement plans), general insurance (car, two-wheeler, home, disability and travel insurance), health insurance (family floater, top-up, senior citizen and diabetic care plans) and cancer care plans across multiple insurers on an open-architecture channel model.
- Housing Finance (Home Loans and Loan Against Property) Housing finance through Centrum Housing Finance Limited (CHFL), an NHB-registered housing finance company offering home loans (for purchase, construction or renovation of residential property) and non-home loans (loans against mortgage of existing immovable property for business expansion, working capital, education, marriage). Targeted at middle-class families in tier 1, 2 and 3 cities with PMAY subsidy eligibility.
- SME and MSME Finance Business loans, credit solutions, supply chain finance (invoice discounting, receivables discounting), real estate construction finance, term loans, working capital, non-convertible debentures, promoter financing, mezzanine financing and special situations funding for SMEs and MSMEs across metros and tier II cities. Operates through Centrum Financial Services Limited (NBFC-CIC).
- Microfinance Lending Microcredit lending through Centrum Microcredit Limited (CMPL) to low-income women entrepreneurs in urban, semi-urban and rural areas using the Joint Liability Group (JLG) model, operated through 130 branches across 72 districts in Maharashtra, Gujarat, Orissa, Bihar, West Bengal, Chhattisgarh, Haryana, Jharkhand and Rajasthan. Has partnered 2,10,000+ women entrepreneurs with an 800+ member operations team.
- Private Credit (Modulus Alternatives) Private credit investment platform through Modulus Alternatives Investment Managers Limited (SEBI AIF Category II), focusing on mid-market, performing credit opportunities. Invested capital aggregating over INR 2,945 crore across 26 investments with 16 successful exits; shareholding held by Jaspal Bindra-led Centrum Group and Alok Agarwal (former CFO, Reliance Industries).
- Venture Debt (Ignis Capital) Venture debt funding through Ignis Capital Trust Limited (SEBI Alternative Investment Fund Category II) collaborating with entrepreneurs in sectors including EV, Healthcare, Logistics, D2C and Technology, providing bridge capital with minimal equity dilution.
- Unity Small Finance Bank RBI-licensed Small Finance Bank (RBI License No. MUM149, SEBI Depository Participant IN-DP-698-2022, IRDAI Corporate Agent CA0830) offering savings accounts, loans, depository services and corporate-agency insurance distribution to customers in tier 2 and tier 3 cities. Operates as the banking vehicle of the Centrum Group under Jaspal Bindra's leadership, with positioning as a New Age Digital First Bank.
- Centrum GalaxC Digital Investment Platform Digital investment platform rolled out by Centrum Broking in 2024 offering investment opportunities across asset classes for retail investors. Distributed through Centrum Broking's interactive web and mobile channels.
Quantifiable outcome
- Raised over Rs. 2 trillion of Equity and Debt capital across sectors
- +4 more outcomes
Companies that use CentrumDirect
Customer profileNamed customers14 records
Segments7 records
Ideal customer profiles6 records
CentrumDirect technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CentrumDirect partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Bandhan BankcoreCentrum Finverse joined Bandhan Bank to launch seamless 3-in-1 account integration, enabling customers to access banking and investment services through a unified platform
- Terra AlliancecoreCentrum Capital appointed as a member firm with Terra Alliance, expanding its network and service capabilities in the Asia-Pacific region
- Bank of BarodacoreSigned MOU with Bank of Baroda for Co-Lending of Home Loans, enabling wider reach for affordable housing finance through combined distribution capabilities
- AWR LloydminorCentrum partnered with AWR Lloyd to offer Infrastructure Investment Banking services, combining expertise in infrastructure sector advisory
- XLRI, ISB, JBIMSminorCampus partnerships for Centrum Protégé Program to recruit potential future leaders from premier management institutes
- Unity Small Finance BankcoreUnity Small Finance Bank (Subsidiary) distributes various financial products and services including microfinance and MSME loans, expanding Centrum's reach in financial inclusion
Scale indicators12 records
Recent moves9 records
Expansion highlights7 records
CentrumDirect competitors and assessment
Company assessmentDirect peers
- Anand Rathi Wealth: Listed Indian wealth management and financial services firm with investment banking, broking and distribution operations — directly comparable to Centrum Wealth, Centrum Broking, and IB verticals on a smaller scale.
- Aadhar Housing Finance: Listed Indian affordable-housing finance company targeting tier 2-3 cities under PMAY — directly comparable to Centrum Housing Finance's affordable-housing focus in tier 1-3 markets.
- IIFL Securities / IIFL Wealth: Indian diversified financial services player in broking, wealth management, investment banking, and lending — closely comparable to Centrum's wealth + IB + lending mix and similar mid-tier positioning relative to top banks.
- Edelweiss Financial Services: Diversified Indian financial services group with substantial credit (housing, SME, retail), alternative asset management and wealth businesses — directly comparable to Centrum's credit-led diversification strategy.
- JM Financial: India-headquartered financial services group with strong investment banking and institutional equities franchise, complemented by housing finance, NBFC and wealth businesses — directly comparable to Centrum's IB-led diversified model.
- Bandhan Bank: Indian bank with a microfinance and small finance heritage serving underserved and tier 2-3 segments — directly comparable to Unity Small Finance Bank and Centrum Microcredit's financial-inclusion franchise.
- Motilal Oswal Financial Services: Diversified Indian financial services group spanning broking, wealth management, investment banking, asset management, and home finance — directly comparable to Centrum's multi-vertical structure with similar target audiences (HNIs, institutions, retail investors).
Broad incumbents
- Kotak Mahindra Bank: Large diversified Indian financial services institution with banking, broking, wealth and asset management — broader and well-capitalized incumbent competing head-on with Centrum's banking, broking and wealth verticals.
Emerging players
- Alteria Capital: India's leading venture debt and private credit fund — directly comparable to Modulus Alternatives' private credit and Ignis Capital's venture debt businesses within Centrum's alternatives vertical.
- Piramal Capital & Housing Finance: Indian NBFC focused on housing finance and emerging private credit/wholesale lending segments — comparable to Centrum's private credit (Modulus Alternatives) and CHFL housing finance exposure.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
CentrumDirect social profiles
Digital presenceCentrumDirect compliance and trust
Trust signalCompliance12 records
CentrumDirect financial estimates
Financial estimateRevenue estimate
Valuation estimate
CentrumDirect leadership team
Management profileNumber of profiles
Profiles13 records
CentrumDirect subsidiaries and ownership
Company hierarchySubsidiaries20 records
CentrumDirect funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CentrumDirect M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CentrumDirect
What does CentrumDirect do?
CentrumDirect (Centrum Capital Limited) is an integrated Indian financial services group offering investment banking (debt and equity capital markets, M&A, infrastructure and corporate finance advisory), institutional equities (sales trading and midcap-focused research), retail stock broking, wealth management (advisory, portfolio management, family office and corporate treasury services), insurance distribution (life, general, health, travel), housing finance, SME/MSME lending, microfinance, and alternative investments (private credit through Modulus Alternatives, venture debt through Ignis Capital) under the umbrella of a banking license held via subsidiary Unity Small Finance Bank. It serves retail investors, high net worth individuals, family offices, corporates, and institutional clients across 140+ Indian cities and in Singapore, combining relationship-led advisory with digital delivery on the Centrum GalaxC investment platform.
Is CentrumDirect a public or private company?
CentrumDirect is a public company. It is classified as public and is currently operating.
When was CentrumDirect founded?
CentrumDirect was founded in 1977. It employs 1,001 to 5,000 people.
Where is CentrumDirect based?
CentrumDirect is headquartered in Mumbai, India, in the Asia region.
How does CentrumDirect make money?
Five revenue lines are on record. Fee-based Financial Services are the primary driver. The others are brokerage and Trading, insurance Distribution, asset Management (Private Credit) and lending Operations.
Who are CentrumDirect's main competitors?
Direct peers on record are Anand Rathi Wealth, Aadhar Housing Finance, IIFL Securities / IIFL Wealth, Edelweiss Financial Services, JM Financial, Bandhan Bank and Motilal Oswal Financial Services. Kotak Mahindra Bank is listed as a broad incumbent. Emerging players are Alteria Capital and Piramal Capital & Housing Finance.
Does CentrumDirect have an API?
No public API is recorded for CentrumDirect.
What industry is CentrumDirect in?
CentrumDirect's product category is Integrated Financial Services. Its primary akta.pro industry code is FSAHAJAF, Direct Lending — Specialty Finance (Consumer/SME Lending Platforms), with a secondary code of FSANADAE, Specialty Finance / Structured Credit. Its NAICS code is 5222 and its SIC code is 6199.