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Millennium India Acquisition Company Inc. (NASDAQ: SMCG) is a closed-end investment fund, whole principal asset is shareholding in “SMC Global,” one of the largest and fastest growing retail financial services companies in India, headquartered in New Delhi, with over 2,500 locations in 500 cities, and serving 720,000 customers across India.
SMC is one of India’s leading integrated financial services companies, offering retail and institutional brokerage, equity and commodity research, equity, commodity, currency and derivative arbitrage and trading, on-line trading services, investment banking, custodial services, clearing services, and distribution of mutual funds, IPOs
and insurance products, and wealth management services.
SMC has received numerous prestigious awards recognizing its business excellence:
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India’s Best Equity Broking House 2010 (awarded by Dun & Bradstreet and Bombay Stock Exchange)
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India’s Broking House with the Largest Distribution Network 2010 (awarded by Dun & Bradstreet and Bombay Stock Exchange)
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India’s Best Currency Broker of the Year 2011 (awarded by Bloomberg UTV)
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India’s Best Currency Broker of the Year 2012 (awarded by Bloomberg UTV)
Through Millennium India’s innovative structure, US investors are able to gain exposure to India’s growing financial sector, in one of the largest emerging economies in the world.
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