Arihant Capital Markets Limited Arihant Capital Markets Limited (ARIHCAPM.BO) is a financial services provider engaged in broking, wealth management, merchant banking, and related activities. Incorporated in 1992 and headquartered in Indore, India, with a corporate office in Mumbai, the company offers equities and derivatives broking; commodities and currency trading; mutual funds, NPS, ELSS, IPOs, bonds, corporate deposits, and gold investments; portfolio management services; depository services with NSDL and CDSL; margin trading facility; insurance broking; merchant banking; non-banking financial services; research and advisory; and trading platforms including mobile, web, and desktop applications for stocks, ETFs, derivatives, NCDs, and more. It operates across more than 200 cities in India with over 620 branches, serving retail clients, high-net-worth individuals, financial institutions, corporates, and NRIs. In 2024, Arihant Capital Markets sold its insurance broking business, Arihant Insurance Broking Services Limited, to Lockton as part of a group strategy to focus on core equity broking and explore new opportunities; in August 2025, its board approved a major restructuring plan involving the amalgamation of subsidiary Arihant Financial Services Limited into the parent company, demerger of non-retail broking segments into Arihant Elite Financial Solutions Limited with a 1:1 share issuance to shareholders and planned listing on BSE and NSE, and transfers of merchant banking and distribution businesses to separate entities for enhanced focus, growth, transparency, and shareholder value; the company also declared a final dividend of INR 0.50 per share for FY2025 with a record date of September 20, 2025.