- Business
- SecMark Consultancy Limited provides consulting, technology, and outsourcing services to financial market participants in India, specializing in compliance, operations, risk management, software development, and related areas. Incorporated in 2011 and headquartered in Mumbai, the company offers a comprehensive suite of services and products including business setup and regulatory registrations for stock broking, portfolio management services, alternative investment funds, and mutual funds; IT infrastructure management; system audits and cybersecurity; forensic audits; compliance assistance; litigation and arbitration support; HR services; outsourcing of back-office operations; and custom software development. Its product portfolio encompasses back-office solutions for stock and commodity brokers and depository participants; anti-money laundering software for client screening and transaction monitoring; e-KYC solutions; Compliancesutra, a cloud-based compliance management platform; e-learning products utilized by the National Centre for Financial Education; order instruction management software; and additional applications such as BusyWin for share accounting, BusyCDSL for CDSL DP back-office, and digital signature tools. SecMark primarily serves stock and commodity brokers, depository participants, stock exchanges, wealth managers, alternative investment funds, research analysts, insurance companies and brokers, portfolio managers, investment advisors, and non-banking financial companies across India. Recent developments include the acquisition of software applications and intellectual property rights from Comtek Software Systems LLP in March 2024, encompassing BusyWin, BusyCDSL, BusyPFA, BusySign, arbitrage and sub-broker back-office software, and document management systems, complemented by a consultancy agreement for ongoing development and maintenance; a similar acquisition from Analyze N Control Private Limited in February 2022 for anti-money laundering tools like C-SAFE and SOSAML, along with the trademark "Analyze n Control"; migration from the BSE SME platform to the mainboard, with in-principle approval received in January 2023; re-appointments of key directors such as Sagar Mansukhbhai Thanki as Executive Director in November 2024 and Priti Gandhi and Binod Maharana as Independent Directors in August 2024; and strong financial performance with consolidated net profit rising 104.69% in the March 2025 quarter amid 71.47% sales growth, alongside a 38.6% quarter-on-quarter revenue increase in Q2 FY 2025-26. The company operates as a subsidiary of SecMark Holdings Private Limited.