Industry Overview
Post the economic liberalisation in 1991 Indian financial services industry including Non Banking Financial Companies has experienced significant and phenomenal growth. During the last decade, there has been a considerable broadening and deepening of the Indian financial markets. The Indian markets have witnessed introduction of newer financial instruments and products over the years. Existing sectors have been opened to new private players. This has given a strong impetus to the development and modernization of the financial services sector

The financial services sector is one of key driver of economic growth of the country. The opening of Indian economy coupled with buoyancy in India Capital Market has provided new opportunities for the financial and investment activities. This is particularly evident in the non banking financial services sector, such as brokerage industry, where innovative products combined with new delivery methods have helped the sector to achieve high growth rates.

Non Banking Financial Institutions play an important role by complementing banks in providing a wide range of financial services. Banks have an edge in providing payment and liquidity related services, while NBFIs tend to offer enhanced equity and risk based products. The major intermediaries that are included in the NBFI group are Development Finance Institutions (DFIs), Insurance Companies, Non-Banking Financial Companies (NBFCs), Primary Dealers (PDs) and capital market intermediaries such as Mutual Funds.

The Indian Capital Market is showing more strength and stability due to better and transparent systems introduced by Government and administrative authorities. This has resulted in higher valuations and excellent investment opportunities to the Company.

Thus, there is a great potential for investment and financial sector growth in the near future.