### **Overview** **Centrum Capital Limited** is a diversified financial services group with over 25 years of experience, serving institutional clients, high-net-worth individuals (HNIs), and underserved retail segments across India. Listed on the BSE and NSE, it serves as the flagship company of the Centrum Group. Headquartered in Mumbai and operating through a pan-India network, Centrum Capital has evolved from a boutique merchant banker into a multi-vertical financial institution, with strategic focus areas in investment banking, wealth management, affordable housing finance, retail and institutional broking, and banking via its subsidiary **Unity Small Finance Bank**. As of Nov 2025, Centrum Capital is in an *aggressive execution and expansion mode*, post its foundational phase, benefiting from favorable macroeconomic policies and digital transformation initiatives. --- ### **Business Segments & Key Verticals** #### **1. Investment Banking & Institutional Services** - Positioned as a leading mid-market investment banker with targeted expertise in **infrastructure, renewable energy, electric mobility, green hydrogen, and digital infrastructure**. - Services offered: - Equity Capital Markets (ECMs): IPOs, QIPs, rights issues, delistings. - Debt Syndication: project finance, working capital, refinancing. - Corporate Finance & M&A advisory. - Infrastructure Advisory: BOT project bids, funding structuring. - **Key highlights (FY2025):** - Advised on multiple capital raises including SBI General Insurance pre-IPO placement (~₹1.25 billion). - Facilitated ₹40 crore equity raise for Navitas Green Solutions. - Provided bid advisory for a ₹4,950 crore highway project in Northeast India. - Joined **Terra Alliance**, enabling cross-border advisory opportunities. - Strong deal pipeline expected to drive FY2026 revenue growth. #### **2. Wealth Management – Centrum Wealth Limited (CWL)** - Serves **HNIs, UHNIs, family offices, CXOs, global Indians, and corporate treasuries**. - Manages **over ₹38,000 crores in client assets** as of Jul 2025, up from ₹35,000 crores in FY2023. - Growth strategy: - 'Portfolio over Product' approach with **True-to-Label Open Architecture**, offering: - 100+ discretionary portfolios - 75+ alternative investment funds (AIFs) - 45+ mutual funds - In-house asset management and proprietary technology enhance service differentiation. - **Digital Transformation:** - Launched **Wealth-Verse 2.0**, a fully transactional digital client platform. - Rolled out **Centrum GalaxC Trade** app with financial planning, tax planning, and tax filing tools. - Introduced **subscription packs** (₹3,999–₹49,999) for premium research and trading tools, creating recurring revenue. - **Geographic Reach:** 17 locations in India; plans to expand to 100 cities by 2026. - **Client Growth:** Achieved record FY2025 client acquisition with over 5,000 HNI families and 50 family offices onboarded. - **Leadership:** Sandeep Das (ex-global private banking veteran) as MD & CEO since Sep 2023. #### **3. Retail & Institutional Broking – Centrum Broking Limited (CBL)** - **Retail Broking (Private Client Group - PCG):** - Serves HNIs and corporates with full-service equity, derivatives, currencies, PMS, and IPO access. - Registered DP with CDSL; trading member of NSE/BSE. - Leverages synergy with CWL for client acquisition and uses dedicated **Technical & Derivatives Desk**. - **Institutional Equities:** - Provides secondary market broking and research to **FIIs, pension funds, mutual funds, PE firms, insurers**. - Covers under-researched, undervalued stocks across all market caps. - Expanded presence into **USA, UK, Europe, and Southeast Asia**. - **Digital Platforms:** - **Centrum GalaxC Trade App:** DIY platform with options strategy builder, thematic baskets, stock SIPs, and advanced analytics. - 5-minute paperless onboarding via **GalaxC Launchpad**. - Offers **algorithmic trading** for sophisticated investors. - **3-in-1 Account** integrated with Unity Bank (broking + demat + banking). - Onboarded **7+ new institutional clients** in FY2025. #### **4. Digital Broking & Fintech Initiatives** - **Centrum GalaxC** platform targets Gen Y and Gen Z investors with low-cost, user-friendly access. - **GalaxC Innovate – Broking as a Service (BaaS):** - Open API platform allowing **banks and fintechs** to integrate Centrum’s broking infrastructure. - Strategic push to become a **back-end enabler** in India's growing digital investing ecosystem. - Partnership model with universal banks and SFBs to scale reach. #### **5. Lending & Housing Finance** - **Centrum Housing Finance Limited (CHFL):** - Focus on **affordable housing finance in Tier 2 & Tier 3 cities**. - Offers home loans, self-construction, top-up loans, and loans against property. - AUM: **₹1,627 crores (Mar 31, 2025)**; expanded to 97 branches. - Acquired **NATRUST (Dec 2022)**, boosting South India presence. - **Co-Lending Models:** - MoU with **Bank of Baroda** and **Axis Bank**, enhancing credit reach. - Strategy: Expand AUM via deeper penetration, policy tailwinds, and digital distribution. #### **6. Banking – Unity Small Finance Bank (SFB)** - **Key Milestone:** Received SFB license (2021), commenced operations on Nov 1, 2021, as part of RBI-sanctioned merger of **PMC Bank**. - **Digital-first hybrid model** blending physical branches and digital access. - **Key Stats (FY2025):** - **11,000+ crore in net advances** (~38% YoY growth). - **Over 900 customer touchpoints** (325+ branches + 600+ BCs). - Deposits: Strong base with competitive rates and digital acquisition. - Launched **digital personal loans, fixed deposits, savings accounts, and UPI-based credit cards**. - **Product Innovation:** - **Roarbank:** All-in-one digital payment solution with lifetime-free savings account, UPI, and credit card (up to 62 days interest-free credit, 20% cashback). - **Co-branded UPI Credit Card with BharatPe**: Converts unpaid spends to EMIs. - **SME & Business Banking:** Entered SME financing with growth plans in Q1 FY2026. - Well-capitalized with conservative credit underwriting; focused on stable growth and low NPAs. #### **7. Private Credit – Modulus Alternatives** - Specializes in **Category II AIFs in private debt**, targeting healthcare, logistics, industrial, and consumer sectors. - **Fund I:** Centrum Credit Opportunities Fund – deployed ₹1,790 crores; **17% IRR at exit**; zero delinquencies. - **Fund II:** India Credit Opportunities Fund II (ICOF II) – target ₹1,250 crores; first close achieved; deployed ~₹600 crores across 5 companies. - **Key Appointments:** - **Alok Agarwal** (ex-CFO, Reliance) as Equity Partner and Advisory Board Chair. - **Raman Uberoi** (ex-President, CRISIL) as Independent Director. - Strategy: Customized capital solutions, strong governance, and risk-adjusted returns. #### **8. Alternative Investments & AIFs** - Centrum has developed a scalable AIF platform, now managing over **₹13.5 lakh crores** in AIF commitments (as of FY2025). - Focus on private credit, venture credit (e.g., **Ignis fund**), and real estate advisory via **REMA**. - **REMA** has secured marketing rights for 5 Mumbai projects and achieved multiple sell-outs. --- ### **Strategic Growth Initiatives (2024–2025)** | **Initiative** | **Progress / Outcome** | |---------------|------------------------| | **Digital Transformation** | Launched GalaxC suite, Wealth-Verse 2.0, algorithmic trading, AI-driven CRM & BI unit for RM support. | | **Geographic Expansion** | 17+ wealth locations; Housing Finance in 97 branches; Unity Bank in 12+ states. | | **Talent Acquisition** | Hired 23+ professionals from top global and domestic financial institutions. | | **Client Engagement** | Organized high-impact investor conferences, entrepreneur events, and curated lifestyle experiences. | | **Partnerships** | Collaboration with fintechs (e.g., BharatPe, PayNearby), banks (Axis, BoB), and Terra Alliance. | | **Inorganic Growth** | NATRUST acquisition strengthened housing finance; Altura acquisition expanded microfinance. | | **Regulatory & Operational Enhancements** | Migrated to AI/ML-powered core banking (Turing CBS); secured RTGS/NEFT memberships. | --- ### **Financial & Market Performance** | Metric | Status / Trend | |-------|----------------| | **Revenue Growth (YoY)** | ~30% in FY2025 | | **Client Assets (CWM)** | Over ₹38,000 crores (Jul 2025) | | **AUM (CHFL)** | ₹1,627 crore (Mar 2025) | | **Net Advances (Unity Bank)** | ₹10,985 crore | | **Customer Touchpoints (Unity)** | >900 | | **Institutional Clients (Broking)** | Expanded to USA, UK, Europe, SEA | --- ### **Leadership & Governance** - **Centrum Group Leadership:** Seasoned BFSI professionals with deep domain expertise. - **Unity Bank Leadership:** Inderjit Camotra (MD & CEO), former top executive with extensive banking experience. - **Board Strengthening:** Independent directors with strong regulatory and financial expertise (e.g., Raman Uberoi, ex-CRISIL). - **ESG & CSR:** Centrum Foundation supports healthcare, education, and nutrition initiatives, including cochlear implants and meal distribution. ---