### **Overview** **Systematix Corporate Services Ltd (SCSL)** is a SEBI-registered Category I Merchant Banker and a publicly listed financial services firm, operating as part of the 40-year-old **Systematix Group**, founded in 1985 by Mr. Chandra Prakash Khandelwal. The company serves as a diversified financial services platform offering integrated solutions across **Investment Banking, Wealth & Asset Management, Portfolio Management Services (PMS), Institutional & Retail Broking, Commodities, Loan Against Shares (via an RBI-registered NBFC), and Alternative Investment Funds (AIFs)**. Operating through a **hub-and-spoke model** with approximately 7–9 branch locations and over **70–204 franchisees across 6–9 Indian states**, SCSL maintains a **pan-India presence** in over 100 cities—including Mumbai, Delhi, Ahmedabad, Jaipur, Indore, and Lucknow—and serves more than **40,000 clients** across institutional, HNI, UHNI, and retail segments. --- ### **Key Business Divisions & Highlights (as of Nov 2025)** #### **1. Investment Banking & Equity Capital Markets (ECM)** - **Advisory Focus**: Mergers & Acquisitions (M&A), fund raising, strategic buyouts, asset sales, cross-border deals, private equity, venture capital, family office placements, and pre-IPO investments. - **Sector Specialization**: - Financial Services (Banks, NBFCs, Fintech) - Pharmaceuticals & Healthcare (CROs, APIs, Medical Devices) - Industrials (Capital Goods, Auto Ancillaries, Chemicals) - Consumer & Retail, Logistics, and D2C E-commerce - **Transaction Track Record**: - Advised on deals amounting to **₹15,400+ crore in FY25**, including: - ₹3,500 crore QIP for Bank of Maharashtra - ₹2,000 crore for UCO Bank - ₹1,500 crore for Central Bank of India - ₹350 crore Rights Issue (Welspun), Buyback (Technocraft), and IPO BRLM for Exicom Power (₹5,000 crore) - Ranked among **top 15 firms in QIPs** with **7.5% market share** in FY25 - **Deal Activity (H1 FY25)**: Closed 2 M&A deals, 2 QIPs, 3 block deals, 1 preferential issue, 2 private placements, and filed 3 DRHPs targeting ~₹1,850 crore in IPO raises. - **Team**: 12-member advisory team with **120+ years** of combined capital markets experience; ECM team of **16 professionals** with **130+ years** of cumulative expertise. --- #### **2. Wealth & Asset Management** - **Wealth Management Division**: - Manages **~₹9,000 crore in AUM and custody** across **~13,000 clients**. - Reports strong growth in distribution income (up **51.68% YoY** to ₹211.76 lakhs from third-party products). - Flagship **DIP PMS (Dynamic Investment Plan)** follows a multi-cap equity strategy with mid- and small-cap bias using a core + satellite approach. - **Portfolio Management Services (PMS)**: - Serves **1,600+ clients** with **AUM exceeding ₹525 crore** (up from ₹300 crore in FY24). - Delivered industry-leading returns: - **32% 5-year CAGR** (top quartile performer) - **24–25% 3-year CAGR** - 39.8% returns in 9MFY24 - ~29.75% returns in H1 FY25 (Apr–Sep 2024) - Strategy: High-conviction, price-oriented trades in mid- and small-cap stocks; multi-cap universe with active turnover to generate alpha. - Team: 15+ professionals with **over 100 years of combined experience**. - **Leadership & Strategy**: - Appointed **Bhaskar Hazra and Partha Sengupta** as **Joint MDs & CEOs of Private Wealth Business** in November 2025, signaling a major push to build a **premier wealth management platform**. - Focus on **integrated lifecycle solutions**—transitioning from transaction-led to relationship-driven wealth advisory. --- #### **3. Alternative Investment Funds (AIFs) – Strategic Expansion** Systematix is scaling its **alternatives platform** with three new AIF launches targeting high-growth private market opportunities: | Fund Name | Category | Focus | Target Size | Status | Commitments | |--------|--------|--------|------------|--------|------------| | **India SME Growth Fund** | I | High-growth SMEs (Manufacturing, Pharma, Tech, Defence, Consumer, Engineering) | ₹125 crore | Launched Aug 2025 | ₹115 crore (92%) committed by Sept 2025 | | **India Equity Opportunities Fund** | II | Pre-IPO mid-sized firms | ₹1,000 crore | PPM filed, greenshoe option included | Early fundraising stage | | **Systematix Real Estate Fund** | III | Premium residential projects with marquee developers | ₹600 crore | Launch in progress | — | > *SEBI approval secured for India SME Growth Fund. Focus: generating multibagger returns from high-potential SMEs.* --- #### **4. Broking & Institutional Equities** - **Institutional Broking**: - Active clients: **Over 1,102 in FY25**, up from 220 in FY24. - Research coverage: **253 companies** across **25 sectors**, with emphasis on **mid- and small-cap "hidden gems"**. - Corporate Access: Organizes investor conferences, roadshows, management meetings, and channel checks. - Empaneled with **200+ institutional investors** globally (DIIs, FIIs, AIFs, Insurance). - Achieved **0.62–0.7% domestic institutional cash market share** in H1 FY25. - **Trading Volumes (H1 FY25)**: - Cash Market: **₹309.13 billion** - F&O Turnover: **₹222.59 billion** - **Retail & Private Client Group (PCG)**: - Growth driven by improved margin availability and rising capital markets activity. - Market share expanded in **non-institutional brokerage segment**. - Offers cash, derivative, commodity, currency, and depository services. - Provides research-driven, tailored investment solutions and financial planning. --- #### **5. Revenue & Financial Performance Trends** - **H1 FY25 Revenue**: ~₹66 crore, reflecting **83.33% YoY growth**. - **Q3 FY24 Revenue**: ₹50.72 crore (+95% YoY), **PBT ₹30.7 crore (+357% YoY)**, **PAT ₹23.9 crore (+308% YoY)**. - **Investment Banking Revenue (FY24–25)**: Up **98.81% YoY** to ₹5,587.78 lakh. - **Income Streams**: Diversified across ECM, IB, PMS, AIFs, Broking, Mutual Fund Distribution, and Financing (Loan Against Shares). --- #### **6. Strategic Enablers & Market Positioning** - **Technology & Scalability**: Investment in digital platforms, online trading, and client applications to enhance user experience. - **Talent Acquisition**: Aggressive hiring of senior professionals to strengthen wealth, research, and investment banking desks. - **Lifecycle Partner Strategy**: Positioning as a **360-degree financial partner**—advising companies from private funding through public listing, and investors across public and private markets. - **SEBI Compliance**: Registered as Category I Merchant Banker, PMS, and AIF sponsor; NBFC registered with RBI for Loan Against Shares.