- Business
- Prime Securities Limited (PRIMESECU.BO) is a SEBI-registered Category-I merchant banker providing diversified investment banking and corporate advisory services; its core offerings include private capital raising through equity and debt private placements, mergers and acquisitions advisory, debt syndication, equity capital markets transactions such as initial public offerings, qualified institutional placements, rights issues, buybacks, open offers and delistings, corporate restructuring and resolutions, early-stage financing, and wealth management. The company, founded in 1982 and headquartered at Maker Chambers V, Nariman Point, Mumbai, India, operates primarily in the Indian financial services sector, serving corporate clients, high-net-worth individuals and institutional investors across the country. It maintains a wholly-owned subsidiary, Prime Research & Advisory Limited, which provides complementary services including debt syndication, fixed income trading, investment advisory, corporate treasury solutions and a dedicated provident fund desk; the company also recently established Prime Trigen Wealth Ltd. for expanding into wealth management. In recent developments, Prime Securities acquired a 41.68% strategic stake in Chennai-based fintech Ark Neo Financial Services Private Limited, operator of the DhanLAP platform for loans against securities including mutual funds, shares and insurance, with plans to increase its holding above 50% through convertible debentures for a total investment of INR 700 lakhs; this move, completed in December 2024, supports diversification into technology-driven retail finance solutions. Additionally, in Q1 FY26 ending June 30, 2025, the company reported 61% revenue growth and launched a new wealth management vertical, alongside shifting its registered office within Mumbai.