Millennium India Acquisition Company Inc. (MIAC) is a closed-end, non-diversified investment company. The Company�s principal asset is its shareholding in SMC Group. As of December 31, 2011, the Company held a 15.14% equity interest in SMC Group. SMC Group is a financial firm based in India, and 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, initial public offerings (IPOs) and insurance products.