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360 One WAM
Wealth management firm (e. 2008) From Wikipedia, the free encyclopedia
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360 One WAM is an Indian wealth and asset management company headquartered in Mumbai, India.[4][5][6] Founded in 2008, it provides financial services, including wealth management, asset management, portfolio management, corporate treasury solutions, and lending. The company operates in five countries and has 27 offices across India.[7]
 | This article reads like a press release or a news article and may be largely based on routine coverage. (May 2025) |
As of March 2025, 360 ONE WAM had assets under management (AUM) of over ₹5.81 lakh crore (US$68 billion)[8] and had more than 7,500 clients, including individuals and institutions.[9][10] It holds an A1+ credit rating from CRISIL[2] and ICRA.[3]
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History
The company was incorporated on January 17, 2008, as IIFL Wealth Management Limited, a subsidiary of IIFL Holdings.[11][12][13] It initially operated under a commission-based structure before transitioning to a fee-based advisory model. The firm later adopted a trail commission model and implemented a fee-based platform for investment products before the Securities and Exchange Board of India (SEBI) introduced regulations prohibiting upfront commissions. In Oct, 2015, General Atlantic acquired a 21.6% stake in the company.[14][15]
Subsequently, in June 2018, the company raised ₹745.71 crore (US$87 million) from investors, including General Atlantic.[16]
In 2019, the company demerged from IIFL Holdings to become an independent, publicly listed entity.[17][18]
In 2022, Bain Capital acquired nearly 25% of the company's shares.[19]
In November 2022, the company rebranded as 360 ONE, renaming its wealth management division as 360 ONE Wealth[20] and its asset management division as 360 ONE Asset.[21]
In September 2023, it launched 360 ONE Global to provide wealth and investment advisory services to international clients, with offices in Dubai and Singapore.[22]
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Board of directors
- Akhil Gupta – Independent Director, Chairman
- Karan Bhagat – Managing Director
- Yatin Shah – Non-executive Director
- Pierre De Weck – Independent Director
- Revathy Ashok – Independent Director
- Sandeep Tandon – Independent Director
- Pavninder Singh – Nominee Director
- Rishi Mandawat – Nominee Director
Acquisition
In April 2014, 360 ONE WAM acquired a majority stake in India Alternatives Investment Advisors Pvt Ltd,[23] a private equity advisory firm.[24]
In October 2018, the company acquired Chennai-based wealth management firm Wealth Advisors India for ₹235 crore (US$27 million).[25]
In April 2020, 360 ONE WAM completed the acquisition of L&T Capital Markets (LTCM), a wholly owned subsidiary of L&T Finance Holdings, for ₹2.3 billion. The acquisition added ₹100 billion in assets under management (AUM) to the company's portfolio.[26][27]
In 2024, the company announced the acquisition of ET Money, a wealth-tech platform, for ₹3.7 billion. It also disclosed plans to acquire Batlivala & Karani Securities and Batlivala & Karani Finserv for ₹18.8 billion in 2025.[28][29][30][31]
Financial backing
In 2015, private equity firm General Atlantic acquired a 21.61% stake in the company for ₹1,122.34 crore (US$131 million).[32][33] In 2018, the company raised ₹745.71 crore (US$87 million) from investors, including General Atlantic.[34] In 2022, Bain Capital acquired nearly 25% of the company's shares.[35]
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Subsidiaries
- 360 ONE Distribution Services Limited
- 360 ONE Portfolio Managers Limited
- 360 ONE Prime Limited
- 360 ONE Investment Adviser & Trustee Services Limited
- 360 ONE Asset Management Limited
- 360 ONE Alternates Asset Management Limited
- MAVM Angels Network Pvt. Ltd.
- 360 ONE IFSC Limited
- 360 ONE Asset Trustee Limited
- 360 ONE Foundation
- Moneygoals Solutions Limited
- Banyantree Services Limited (a wholly owned subsidiary of Moneygoals Solutions Limited)
- 360 ONE Capital Pte. Ltd.
- 360 ONE Private Wealth (Dubai) Limited
- 360 ONE Capital (Canada) Limited
- 360 ONE Inc
- 360 ONE Asset Management (Mauritius) Limited
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References
External links
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