Millennium India Acquisition Company Inc. (NASDAQ: SMCG) is a closed-end investment fund, whole principal asset is shareholding in “SMC Group,” one of the largest and fastest growing retail financial services companies in India, headquartered in New Delhi, with over 1,500 locations in over 375 cities, and 550,000 customers across India.
SMC Group, one of the most respected financial firms in India, has businesses in equities and commodities brokerage, derivatives, international commodities, online trading, arbitrage, investment banking, investment advisory and research, depository and clearing services, distribution of mutual funds, IPOs and insurance products, and wealth management services.
Through our innovative structure, we offer US investors a direct way to participate in the fast-growing financial sector, in one of the fastest emerging economies in the world.
Presently, SMCG is the only Indian financial services stock listed on NASDAQ.
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