### **Overview** Asit C Mehta Financial Services Limited (ACMFSL), incorporated in 1984, is a publicly listed financial services company on the Bombay Stock Exchange (BSE). It operates as part of the Asit C. Mehta Group, now integrated into the **Pantomath Group**, a growing capital markets ecosystem recognized for innovation and execution excellence in financial services. The company emphasizes transparency, long-term value creation, and sustainable business practices. ACMFSL's operations are diversified across **property leasing, high-end financial advisory, capital restructuring, fund mobilization, and institutional corporate strategy**. However, its core financial performance is increasingly driven by **Asit C Mehta Investment Intermediates Ltd (ACMIIL)**, a **material subsidiary** that acts as the group’s engine for brokerage, wealth management, and digital financial services. --- ### **Core Subsidiary: Asit C Mehta Investment Intermediates Ltd (ACMIIL)** ACMIIL, established in **1983**, is a leading financial services provider in India and the primary revenue contributor to ACMFSL. It is: - A **member of BSE and NSE** - A **registered Depository Participant with CDSL** - Serving **over 200,000 clients** nationwide The subsidiary has evolved from a traditional broking firm into a **technology-driven financial services platform**, leveraging over **four decades of experience**, a strong compliance culture, and deep research expertise. #### **Key Offerings** - **Equity Broking** (Cash & Derivatives) - **Portfolio Management Services (PMS)** – custom, research-driven portfolios combining data analytics with **Benjamin Graham and Warren Buffett-inspired value investing** - **Mutual Fund Distribution** - **Alternative Investment Funds (AIFs)** - **Research & Advisory Services** (Retail and Institutional) - **Digital Investment Platforms** including *INVESTMENTZ*, *iBasket*, and *Chhota Nivesh* --- ### **Growth Strategy & Digital Transformation** ACMFSL and its subsidiaries are aggressively transitioning from a transaction-based broking model to a **technology-led, advisory- and annuity-focused** wealth management ecosystem. #### **Digital Platforms** ACMIIL operates **three distinct platforms** targeting different investor segments: 1. **Investmentz.com** – Flagship digital brand offering: - Equity, IPOs, ETFs, mutual funds, NPS, bonds, commodities - Proprietary **iBasket** product: a curated set of stock collections using a scientific investment approach focused on capital safety, thematic growth, and uncovering market inefficiencies - AI-driven analytics and personalized tools - Serves **tech-savvy employees and mass affluent investors** 2. **Chhota Nivesh** – A multilingual (11 languages), **advisory-first WealthTech platform** designed for: - New, rural, and cost-sensitive investors - Investments starting as low as ₹1,000 - Hybrid **"Chhota Nivesh Saathi"** model: local agents provide language-specific assistance for onboarding and advisory - Subscription-based revenue model (not transaction-heavy) - Integrated with a smart IVR system for efficient call routing 3. **Easytradez** – A **discount brokerage platform** targeting active traders and speculators - Offers equities, derivatives, currency, and commodities (BSE and MCX integration in progress) - Advanced tools: multi-legged trade execution, real-time risk analytics - Self-help model with **free advisory for family offices** #### **Technology Infrastructure** - Platforms hosted on **YOTTA Private Cloud** (99.9999% redundancy) - Fully integrated with **CTCL, IBT, and mobile apps** - Proprietary APIs enable control, agility, and integration with: - Bill Desk - BSE IBSS, CKYC, CVL KRA - UCC, Star MF, E-Sign - In-house development allows **low-cost, asset-light, and scalable operations** --- ### **Wealth & Institutional Growth Initiatives** #### **Portfolio Management Services (PMS)** - PMS has shown **over 174% YoY growth**, reaching **₹147 crore AUM** by May 2024 - Dedicated PMS and wealth management teams target **High-Net-Worth Individuals (HNIs)** - Strategy: Blend of **fundamental analysis, data-driven insights, and value investing** #### **Institutional Expansion** - Strengthened institutional equities business via: - Dedicated research desk and senior hires in institutional sales - Empanelment with **60+ institutional clients** - Introduction of **AIFs and IPO anchor investment offerings** - Institutional revenue boosted by improved ratings and client engagement - Synergies with **Pantomath Financial Services Group** in investment banking and fundraising (primary/secondary) #### **Mutual Fund Distribution** - AUM grown to **over ₹500 crore (retail)** - Strategy: **Organic sales + inorganic acquisitions** of small distributors - Multiple acquisition discussions underway to enhance scale, compliance, and efficiency --- ### **Expansion & Partnerships** #### **Bank Partnerships** - **Strategic tie-up with Bank of India** for **3-in-1 accounts**, potentially accessing **11 crore customers** - Partnerships with **two cooperative banks** for seamless mandate-based mutual fund distribution - Ongoing negotiations with **additional banks** to expand PAN India distribution reach #### **NRI Market** - Actively expanding in the **Non-Resident Indian (NRI)** segment - Hiring senior staff across India to drive product distribution and client acquisition #### **B2B Distribution Network** - Aggressive growth in **B2B agent network** - Onboarding agents for **mutual funds, insurance, and postal products** via webinars - 350+ active business associates operating in **23 Indian states** --- ### **Innovation & Synergy Across Group Entities** #### **Edgytal Fintech Investment Services Pvt. Ltd** - **73% owned subsidiary** - Provides **digital marketing, web development, and digital transformation services** - Supports group’s digital strategy and aims for **PAN India expansion** #### **Pentation Analytics Pvt. Ltd** - Held via 100% subsidiary; **17% stake directly under ACMFSL structure** - AI and Big Data analytics firm specializing in: - Document/image data extraction - Workflow automation - Smart data lake and algorithm library platform - Clients: Indian financial institutions, U.S. companies, government entities - SaaS delivery via **Ingram Micro**; advanced partnership with **Microsoft Azure** #### **Operational Synergies** - Vertical integration across **investment banking, mutual funds, and AIFs** within the Pantomath Group - Shared technology, research, and distribution infrastructure to improve efficiency and growth --- ### **Property Leasing & Advisory Business** - ACMFSL owns **Nucleus House** in Andheri East, Mumbai, which is leased out to business tenants - Core advisory services include: - **Fund mobilization** - **Capital restructuring** - **Corporate financial strategy for mid-market corporates** - Anticipated **increased demand for restructuring advisory** due to ongoing corporate transformations in India - Stable cash flows expected from **infrastructure leasing** --- ### **Financial & Operational Metrics (as of Aug 2022 & Progress Updates)** | Metric | Value | |-------|-------| | Active Customers | >50,000 | | CKYC-Compliant Clients | >120,000 | | Deposit Assets (May 2022) | ₹3,607 crore | | Mutual Fund AUM (Aug 2022) | ₹270 crore → **>₹500 crore by Sep 2025** | | Advisory AUM (Aug 2022) | ₹50 crore | | PMS AUM (May 2024) | ₹147 crore | | Revenue Mix | 85% from semi-urban/rural areas | | Brokerage Revenue Split | 90% cash (60% delivery), 10% derivatives | --- ### **Management & Leadership** - Founded in **1987** by **Mr. Asit C. Mehta and Mrs. Deena A. Mehta**, both **Chartered Accountants** - Business restructured as a limited company in **1994** - Leadership team focused on **identifying next-phase growth levers**, including high-value, tech-enabled financial services A **Chief Strategy Officer** has been appointed (Jul 2023) to drive digital product promotion and expansion.