SecMark Consultancy to Incorporate Wholly Owned Subsidiary for Account Aggregator Business
SecMark Consultancy Limited will incorporate a wholly-owned subsidiary, SECMARK FINANCIAL AGGREGATION PRIVATE LIMITED, to operate as an Account Aggregator NBFC in India. The subsidiary will focus on managing financial data with customer consent, subject to RBI approval. The initial investment is ₹1,00,000.
The establishment of a new subsidiary in a regulated financial sector like account aggregation can lead to future growth opportunities and diversification, but the initial investment is relatively small, suggesting a medium-term impact.
The incorporation of a new subsidiary to venture into the account aggregator business is a strategic move that indicates growth and expansion for the company.
SecMark Consultancy Limited announced on July 03, 2026, that its Board of Directors has approved the incorporation of a wholly-owned subsidiary. The new entity, to be named SECMARK FINANCIAL AGGREGATION PRIVATE LIMITED, will operate as an Account Aggregator, a type of Non-Banking Financial Company (NBFC), in India.
This subsidiary will focus on retrieving, collecting, consolidating, and presenting financial information of accountholders, based on their explicit consent, to Financial Information Users. This business will be conducted in accordance with the Reserve Bank of India (RBI) directions for NBFCs - Account Aggregators. The company will require necessary approvals from the RBI to commence operations.
The incorporation involves a 100% subscription to the initial paid-up share capital, amounting to ₹1,00,000 (Rupees One Lakh only), comprising 10,000 equity shares of ₹10 each. SecMark Consultancy Limited will hold 100% of the shareholding and control in the new subsidiary.
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SecMark Consultancy Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by SecMark Consultancy Limited. Read the original for the full detail.