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]
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]
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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