Nexome Capital Incorporates Wholly Owned Subsidiary in Kolkata

K N Mishra

    23/Jul/2025

What’s Covered Under the Article:

  • Nexome Capital has incorporated a new wholly owned subsidiary named ‘Nexome Wealth Management Limited’ in Kolkata.

  • The incorporation was approved by the Registrar of Companies on July 22, 2025, under regulatory norms.

  • This disclosure has been made under Regulation 30 of SEBI’s Listing Obligations and is available on the company’s website.

In a regulatory filing dated July 23, 2025, Nexome Capital Markets Limited, formerly known as SMIFS Capital Markets Limited, has officially disclosed the incorporation of a new wholly owned subsidiary named Nexome Wealth Management Limited. The new entity has been incorporated in Kolkata, with the Certificate of Incorporation issued by the Registrar of Companies (Central Registration Centre) on July 22, 2025.

This move has been made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, commonly referred to as the SEBI Listing Regulations. The purpose of this disclosure is to ensure complete transparency and compliance with regulatory obligations as expected of all listed companies in India.

Background on Nexome Capital Markets Limited:

Nexome Capital Markets Limited, originally known as SMIFS Capital Markets Limited, is a registered corporate entity with a long-standing presence in the Indian financial landscape. With its registered office located at "VAIBHAV" (4F), 4 Lee Road, Kolkata - 700 020, the company has been actively involved in capital market operations and wealth management services. Its shares are listed on both BSE Limited and The Calcutta Stock Exchange Limited.

The recent name change to Nexome Capital signifies the company’s strategic evolution toward a more futuristic and broad-based financial service platform, possibly focusing more on technology-driven wealth management solutions, financial planning, and advisory services.

Details of the New Subsidiary:

The new subsidiary, Nexome Wealth Management Limited, is set to operate as a wholly owned subsidiary, meaning that 100% of its shareholding will be held by Nexome Capital Markets Limited. Although the disclosure document does not provide a detailed operational blueprint for the newly formed entity, it is evident that the company is expanding its footprint into the wealth management segment, aligning with broader financial sector trends.

Wealth management has been one of the fastest-growing verticals within the financial services domain in India, driven by an increase in retail investors, HNIs (High Net-Worth Individuals), and a growing culture of financial literacy. By incorporating a specialized subsidiary, Nexome aims to tap into this burgeoning market.

Regulatory and Compliance Highlights:

The announcement is a voluntary and regulatory disclosure under SEBI Listing Regulations, which mandates listed entities to inform stock exchanges about significant corporate developments. The company has submitted this information to both:

  • BSE Limited, located at Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai.

  • The Calcutta Stock Exchange Limited, located at 7, Lyons Range, Kolkata.

The Company Secretary and Compliance Officer, Ms. Poonam Bhatia, signed off the disclosure, affirming that the information would also be made available on the official company website. This step is in line with Nexome’s approach towards proactive disclosure and corporate governance.

Strategic Implications:

The creation of a new subsidiary focused on wealth management aligns with the broader strategic diversification that many legacy financial institutions are currently pursuing. The Indian financial sector has seen:

  • Increased digitization in investment advisory services.

  • Rising popularity of Robo-advisors and AI-driven portfolio optimization.

  • A shift toward customer-centric solutions tailored for millennials and first-time investors.

Nexome’s initiative could be a precursor to launching dedicated investment products, mutual fund distribution platforms, or AI-backed financial advisory tools through the new entity.

Future Outlook:

While the immediate operational objectives of Nexome Wealth Management Limited are yet to be publicly detailed, the incorporation of this subsidiary signifies a long-term strategic roadmap for Nexome Capital Markets Limited. In the coming quarters, stakeholders and analysts will be keenly watching:

  • How the subsidiary structures its leadership and operations.

  • Whether it partners with fintech companies for digital expansion.

  • How it differentiates itself in the increasingly competitive Indian wealth management sector.

This development places Nexome in a position to compete with new-age financial services platforms that are increasingly targeting urban investors through mobile-first, digital wealth platforms.


In summary, the incorporation of Nexome Wealth Management Limited marks a significant milestone in Nexome Capital’s journey toward evolving into a diversified financial powerhouse. With regulatory compliance and market adaptability at its core, the company appears poised to make a notable impact in the wealth management space.

As the financial year progresses, more updates are likely to follow regarding the operational launch, service offerings, and growth roadmap of the newly incorporated subsidiary.


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