About SMC Global Securities Limited

SMC Global Securities Limited is a diversified financial services company founded in 1994 by promoters Mr. Subhash Chand Aggarwal and Mr. Mahesh C. Gupta. The company began equity brokerage operations in 1995 after securing NSE membership, launching an equities trading platform in 1996, and expanded into commodities trading in 2003 via MCX, NCDEX, and ICEX. It diversified further into insurance distribution in 2006, establishing a licensed insurance broking arm. Its equity shares are listed on the National Stock Exchange of India and BSE effective February 24, 2021.

SMC offers broking services across equities, commodities, and currency markets, clearing, depository participant services, wealth management, distribution of mutual funds and IPOs, insurance broking, NBFC financing, mortgage and loan advisory, investment banking, and NRI/FPI services. The Parent Company is a trading-cum-clearing member across NSE, BSE, MCX, and NCDEX, a registered depository participant with both CDSL and NSDL, a SEBI-registered Research Analyst and Portfolio Management Service provider, and an AMFI-registered mutual fund distributor.

As of March 31, 2025, the company had nine subsidiaries including eight wholly owned subsidiaries and one partially owned subsidiary. Its earlier joint venture ceased to be joint venture effective November 5, 2024, due to dissolution and divestment. SMC has a pan-India presence with 208 branches (including Dubai), operations in 424 cities, a partner network of over 2,147 authorised persons, and employs more than 4,083 people. It has received “Great Place to Work” recognition in 2024 and 2025, along with multiple MCX and NCDEX awards for market leadership.

Key Milestones of SMC Global Securities Limited

• 1994 – Incorporated by Mr. Subhash Chand Aggarwal and Mr. Mahesh C. Gupta.
• 1995 – Started equity brokerage and secured NSE membership.
• 2003 – Entered commodities trading on MCX, NCDEX, and ICEX.
• 2006 – Diversified into insurance broking.
• 2018 – Merged subsidiaries and expanded into online marketplaces and digital broking platforms.
• 2021 – Listed equity shares on NSE and BSE on February 24.
• 2024-25 – Initiated public issues of listed Non-Convertible Debentures (NCDs) and expanded IFSC operations in GIFT City.

SMC Global Securities Limited Business Segments and Geographic Presence 

Business Segments:

• Equity, commodities, and currency broking services.
• Clearing and depository participant services.
• Wealth management, mutual fund distribution, IPO distribution.
• Insurance broking, financing through NBFC, mortgage and loan advisory.
• Investment banking and services for NRI and FPI clients.

Geographical Footprint:

• Pan-India operations with 208 branches including international presence in Dubai.
• Operations extend across 424 cities supported by more than 2,147 authorised partners and associates.
• Active participation in major Indian exchanges including NSE, BSE, MCX, and NCDEX.

SMC Global Securities Limited operates as an integrated financial services group offering diversified brokerage, trading, clearing, wealth management, insurance, financing, and investment banking solutions. Its multi-channel platform supports retail and institutional clients with an extensive branch and partner network, increasingly leveraging digital transformation. The company demonstrates robust regulatory alignment with SEBI, AMFI, and other market bodies, manages a strong NBFC arm with solid asset quality, and has expanded its capital market presence via public NCD issuances and IFSC operations at GIFT City.

SMC Global Securities Limited Key Management

• Subhash Chand Aggarwal – Chairman & Managing Director
• Mahesh C. Gupta – Vice Chairman & Managing Director
• Ajay Garg – Director & Chief Executive Officer
• Anurag Bansal – Whole Time Director
• Shruti Aggarwal – Whole Time Director
• Vinod Kumar Jamar – Chief Financial Officer
• Suman Kumar – Company Secretary

Latest Updates on SMC Global Securities Limited

• Completed two public issues of listed Non-Convertible Debentures (NCDs) on BSE in August 2024 and April 2025, raising nearly 22 lakh instruments to strengthen debt capital market presence.
• Expanded operations at International Financial Services Centre (GIFT City) through wholly owned subsidiary with broking, clearing services, and launched the SMC IFSC International Opportunities Fund (Alternate Investment Fund) to cater to domestic and global investors.
• Advanced its cloud-first technology strategy with migration of trading, payment, and partner systems to cloud infrastructure, deploying AI-enhanced customer engagement and cybersecurity tools; no cybersecurity incidents reported in FY 2024-25.
• Scaled discount broking platform Stoxkart with fixed brokerage plans including “SMART TRADER” to drive growth with advanced features such as option chain analytics and stock insights.
• Insurance broking vertical sold over 10 lakh policies in FY 2024-25, supported by a wide network of POSPs and MISPs, adopting digital-first distribution strategies.
• Moneywise Financial Services Private Limited, the NBFC arm, recorded disbursements exceeding Rs 3,800 crore, AUM of Rs 1,291 crore, with 98.9% collection efficiency and 2.2% NNPA; rated “A- (Stable)” with a multi-branch presence in MSME-focused regions.