- Business
- Monarch Networth Capital Limited Monarch Networth Capital Limited (MONARCH.BO) is a financial services provider offering broking, investment banking, wealth management, and related products to retail, corporate, and institutional clients primarily in India. Incorporated in 1993 and headquartered in Ahmedabad, Gujarat, the company operates through segments including Broking & Other Finance Market Services, Non-Banking Finance Business, and Insurance Business; it maintains a network of over 60 branches, 145 locations, and more than 450 sub-brokers across 19 states and 159 cities, serving over 3 lakh clients. Core products and services encompass retail broking in equity, derivatives, commodities, and currency markets; institutional equities; investment banking such as merchant banking for IPOs, follow-on public offers, rights issues, takeovers, buybacks, private equity, venture capital funding, and private placements on BSE and NSE platforms including SME segments; asset management via Alternative Investment Funds (AIF) like the SEBI-registered Monarch AIF Category III long-only equity fund and portfolio management services (PMS); wealth management and third-party distribution of mutual funds, initial public offerings (IPOs), bonds, fixed deposits (FDs), National Pension System (NPS), life and general insurance policies; depository (demat) services; debt capital markets; margin funding; loans against securities; and market making. Recent developments include a Rs 300 crore preferential equity fundraising in 2024 led by promoter entity Monarch Infraparks Private Limited and CEO Gaurav Bhandari to support expansion initiatives such as launching PMS offerings, scaling margin trading, introducing a pre-IPO fund, applying for a mutual fund license, strengthening debt capital markets, and underwriting IPOs, alongside a 1:1 bonus share issue; in 2025, incorporation of wholly owned subsidiary Monarch Networth Trustee Private Limited (MNTPL) with Rs 10 lakh capital to provide trustee services; a strategic investment acquiring a 0.56% stake in National Commodity & Derivatives Exchange Limited (NCDEX) for Rs 10 crore; and SEBI registration for its subsidiary's Monarch India Growth Fund as a Category I Foreign Portfolio Investor.