- Business
- Steel City Securities Limited (STEELCITY.NS), founded in 1995 and headquartered in Visakhapatnam, Andhra Pradesh, operates as a leading retail stock broker in southern India with a diversified portfolio spanning capital market services, e-governance, insurance distribution, non-banking financial services, and investment advisory; it provides trading platforms for equity, futures and options, commodities, and currency derivatives on NSE, BSE, MCX, NCDEX, and MSE, depository participation with NSDL and CDSL serving over 200,000 clients, distribution of mutual funds, IPOs, bonds, and corporate fixed deposits via advisory teams and the FINSUITE mobile app, pension schemes as a PFRDA-recognized Point of Presence, life, health, and general insurance through partnerships including ICICI Prudential, SBI Life, Care Health, Future Generali, and United India Insurance, NBFC offerings like personal loans, gold loans, housing loans, project financing, and loans against shares via associate Steel City Financial Services Private Limited, and e-governance services encompassing PAN, TAN, e-TDS, AIR, Form 24G through over 43,000 TIN-FC centers across 36 states and union territories as a Protean e-Governance facilitation center and National Insurance Repository participant, complemented by value-added services such as Prosure teleconsultations, fixed deposits, education loans, skill development, and upcoming Bajaj Finserv EMI cards; the company maintains 420 locations including 70 branches, leverages the Steel City Smart Plus mobile trading app and 24/7 online back-office with proprietary risk management and research tools, and holds ISO 9001:2015 and ISO 27001:2022 certifications. In recent developments, Steel City reports record FY2025 revenue of Rs 6,995 lakhs and profit after tax of Rs 1,711 lakhs up 45% year-over-year, declares a total 40% dividend comprising three interim payments of 10% each and a proposed final 10%, launches enhanced Steel City Smart Plus and FINSUITE mobile apps with Quick KYC digital onboarding, secures appointment as Central Record Keeping Facilitation Center for Protean e-Governance, expands e-governance to 43,788 centers with plans for 50,000+ by FY2026 and entry into northern and western India alongside new products like wealth management and merchant banking, and commences construction of a new five-story owned building of 18,000 sq ft for wholly-owned subsidiary Steel City Commodities Private Limited at Rajendra Nagar, Visakhapatnam.