### **Overview** Swastika Investmart Limited, established in 1992, has evolved from a traditional stock broking firm into a leading **integrated financial services and fintech platform** in India. Headquartered in Mumbai, the company operates across stock broking, depository services, research, investment banking, wealth management, insurance broking, and non-banking finance. With over 30 years of market presence, Swastika leverages technology, domain expertise, and a wide distribution network to serve individual and institutional clients across equity, commodity, and currency markets. As of June 2025, Swastika is strategically transforming into a **comprehensive wealth management provider** under its new brand **Avisa Wealth**, signaling its ambition to become a full-spectrum financial services partner for Indian investors—especially high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNWIs). --- ### **Core Business Segments & Offerings** #### **1. Stock Broking & Technology Platform** - **Digital-First Approach**: Over 80% of trades are executed via its in-house-developed mobile app, which hosts trading, IPOs, mutual funds, wealth products, CRM (Jarvis), and a proprietary KYC system. - **App Performance**: The "Just Trade 2.0" and "Tradingo" apps support seamless trading with strong user engagement—over 100,000 active users and a 4.1/5 Google Play rating. - **Technology Resilience**: Successfully handles peak volumes (e.g., elections, budgets) without outages; infrastructure upgraded for scalability, speed, and low API latency. - **Algo Trading**: Offers exchange-approved algorithmic trading through **uTrade Algos**, powered by a strategic partnership with **Share India AlgoPlus**. #### **2. Investment Banking & Merchant Banking** - **SME IPO Leadership**: Recognized as a specialist in SME capital raising. - FY2024-25: Executed and listed **8 SME IPOs**. - Cumulative: Completed **28 SME IPOs** since 2013, with 4 in FY2023-24. - **Private Capital Advisory**: - Completed **8 private equity transactions** totaling **₹400+ crore** (deal sizes: ₹10–140 crore). - Closed 3 PE deals in Q1 FY2024-25, raising **₹72.5 crore**. - **Valuation Services**: Conducted **90+ valuations** for marquee clients like HDFC Securities, Yes Securities, Krafton India, and Share India Insurance Brokers. - **Services Include**: Pre-IPO placements, equity fundraising, preferential allotments, open offers, venture funding, and M&A advisory. #### **3. Wealth Management (Avisa Wealth)** - Launched under new brand **Avisa Wealth**, aiming to deliver **personalized, tech-enabled wealth solutions**. - Target Segments: HNIs and UHNWIs seeking curated global and domestic investment opportunities. - Offerings: - Curated stock baskets, ETFs, mutual funds, fixed-income bonds. - Access to global markets (e.g., U.S. stocks via DriveWealth partnership under RBI’s LRS). - Supported by dedicated relationship managers and a proprietary research team for guided investment advice. #### **4. Insurance & Lending** - **Insurance Broking**: Through **Swastika Insurance Broking Services Limited (SIBSL)** – IRDAI-licensed, offers life, health, and motor insurance via digital platform "Hello Policy". - **Lending Services**: Through **Swastika Fin-mart Private Limited**, an RBI-licensed NBFC, providing personal and business loan products. #### **5. Fund Management** - Incorporated **Avisa Wealth Manager Private Limited** (Nov 2024) as a wholly-owned subsidiary to manage AIFs and structured investment schemes. --- ### **Corporate Strategy & Expansion (FY 2024–2025)** #### **Geographic & Distribution Expansion** - Operates in **180+ Indian cities** with: - Over **600 professionals**. - **1,000+ active franchises**. - Shifted from opening 15 planned branches to forming **Syndicate Partnerships** in Tier-II cities like **Chennai, Chandigarh, Raipur**, enhancing reach through local collaborators. #### **Technology & Innovation** - **Tech Team Strength**: 42 dedicated professionals, including IIT alumni and ex-Google engineers, with over **250 years of combined experience**. - **Modern Architecture**: Microservices-based, scalable platform built for **10x future growth**. - **Cybersecurity Focus**: Regular penetration testing by three external agencies; hiring tech talent from elite institutions to strengthen compliance (especially SEBI’s evolving norms). - **Product Innovation**: - Launched curated portfolio product **“WealthBag”** to help clients build diversified portfolios. - Developed **Swift Communication** system for faster branch coordination and issue resolution. #### **Growth & Client Acquisition** - **Client Base**: ~412,000 total clients; ~43,700 active traders. - **Q1 FY2024-25**: Added ~11,000–11,500 new clients—deliberate focus on **quality over volume**, avoiding speculative traders. - Transitioned from **sales-led to product-led + sales-led growth model**, aligned with SEBI’s push for responsible trading. - Relies significantly on **word-of-mouth referrals**, minimizing marketing spend. #### **Strategic Funding & Partnerships** - **Preferential Funding**: Promoters and **Share India AlgoPlus** infused ₹32.97 crore via fully convertible equity warrants (FY2024–25). - Purpose: Optimize operations, strengthen market share, expand product lines. - **Fintech Collaborations**: Partnered with top fintechs to enhance decision-support tools and algo trading capabilities. - **Acquisition**: Acquired **Safal Capital Ltd** (Jul 2022), adding ~16,000 clients and 120 authorized persons. --- ### **Financial Highlights (Q1 FY2024–25)** - **Total Income**: ₹3,856 lakhs (**+75% YoY**). - **Profit After Tax (PAT)**: ₹6.27 crores. - **Profit Margin**: Expanded to **17%** (from 9% in prior year), driven by: - Higher-margin businesses (investment banking, MTF, advisory). - Operational streamlining and cost discipline. --- ### **Organizational & Governance Initiatives** - **Leadership Restructuring**: Improved agility, accountability, and decision-making speed. - **Talent Development**: Heavy investment in upskilling employees on emerging tech, market trends, and economic insights. - **Compliance & Ethics**: No proprietary trading—pure client-centric model; adheres to SEBI, IRDA, and RBI regulations. --- ### **Investments & Stakeholdings** - Holds a **4.75% stake in Ujaas Energy**, currently valued at **₹125–130 crores**. - **Lock-in period**: One year (monetization not possible until expiry). - Follows a **consistent dividend policy**: Distributes **20% of profits** as dividends, subject to performance and capital needs. --- ### **Recognition & Milestones** - **NCDEX Recognition (2022–23)**: For outreach to Farmer Producer Organisations (FPOs) in commodity markets. - **MCX Recognition (2021–22)**: As a leading research member. - Registered with SEBI as: - Stock Broker - Depository Participant - Category I Merchant Banker - Investment Advisor - Portfolio Manager - Subsidiaries regulated by IRDAI and RBI ensure full compliance and credibility.