- Business
- Emkay Global Financial Services Limited (EMKAY.NS) is an India-based financial services provider offering a comprehensive suite of capital market solutions, including institutional broking, equity and commodity broking, currency trading, depository participant services, investment banking, asset management, portfolio management services, wealth management, succession planning, and distribution of financial products. The company operates through two primary segments: Advisory and Transactional Services, encompassing stock broking, financing, investment advisory, and related activities; and Financing and Investment Activities. It serves a diverse clientele of over 300 clients, including foreign institutional investors, domestic mutual funds, hedge funds, banks, insurance companies, private equity firms, corporates, SMEs, and high-net-worth individuals, with primary operations in western and southern India and an international presence through subsidiaries such as Emkay Global Financial Services Pte Limited in Singapore and EGFS IFSC. Founded in 1995 and headquartered in Mumbai, Maharashtra, the company maintains wholly-owned subsidiaries including Emkay Fincap Ltd, Emkay Commotrade Ltd, Emkay Insurance Brokers Ltd, and Emkay Investment Managers Limited. Recent developments include the allotment of 9.5 million convertible warrants at Rs.239.50 per warrant on October 24, 2025, raising Rs.56.88 crore initially with potential for up to Rs.227.525 crore upon conversion, following NSE and BSE in-principle approvals; the launch of Emkay SMID Cap Growth Engine Fund and Capital Builder AIF targeting Rs.500 crore; receipt of SEBI approval in 2023 to sponsor a mutual fund; a stake acquisition in Finlearn Edutech for education technology expansion; and advisory roles such as on Anant Raj's INR 11 billion qualified institutional placement in October 2025 alongside DAM Capital Advisors.