Centrum Capital Limited is a SEBI-registered Category-I Merchant Banker and financial services company based in India, with a presence in 142 cities nationwide and internationally in Singapore. It offers a wide range of services including investment banking, lending, wealth management, insurance, and broking. The company operates through various segments:
- Institutional Business: Includes investment banking, bond trading, institutional broking, and advisory services.
- Wealth Management: Offers portfolio management, retail broking, and wealth management services.
- Lending: Provides SME, MSME, microfinance, and affordable housing loans.
- Alternative Investment: Includes private debt, venture capital, and real estate investments.
- Insurance: Provides life, general, and health insurance.
- Broking: Services include coverage for FIIs, pension funds, mutual funds, and HNIs with a focus on midcap companies.
Key developments include the acquisition of a small finance bank license, the opening of new branches, and partnerships with fintech firms. As of FY22, the company had investments worth ₹2,867 crores and a loan portfolio of ₹2,184 crores. Its wealth management division had ₹35,000 crores under advice. Additionally, Centrum acquired a 64% stake in Central Bank Home Finance Limited in FY21. Despite a stable promoter holding of 38%, the pledge of promoter shares increased to around 53% in mid-2022.
Unity Small Finance Bank, took over the business of PMC Bank. The Ministry of Finance sanctioned the amalgamation of PMC Bank with Unity Small Finance Bank, allowing PMC Bank’s branches and employees to transition into Unity Bank, ensuring stability and security for its operations. This move marked a significant development in the restructuring process of PMC Bank.
