- Business
- Nuvama Wealth Management Limited (NUVAMA.NS) operates as a leading integrated wealth management platform in India, offering comprehensive financial solutions to high-net-worth individuals (HNIs), ultra-high-net-worth individuals (UHNIs), affluent professionals, entrepreneurs, corporates, family offices and institutional investors. The company provides wealth management services including distribution of financial products such as fixed income, structured products, alternates, portfolio management services, equity, credit, mutual funds and insurance; broking services; short-term funding for employee stock option schemes; margin trade financing; asset management focused on long-term value creation, portfolio volatility reduction and access to unexplored investment opportunities; and capital markets services encompassing market access, research and trading for domestic and international funds. It maintains a robust nationwide presence with over 1,200 in-house advisors across 70 locations and more than 23,000 partner franchises in 450+ locations, supported by technology-driven platforms like Nuvama Markets for stock market investing and trading, Nuvama Infinity for expert-managed multi-asset portfolios and Nuvama Private App for private wealth reporting. Founded in 1993 and headquartered in Mumbai, India, with operations primarily in India and select international markets, Nuvama traces its roots to the Edelweiss Group and is majority-owned by PAG, a prominent Asia-focused investment firm. Recent developments include ongoing talks as of mid-2025 for private equity firms such as Permira, CVC Capital Partners and EQT to acquire PAG's controlling stake in a potential transaction valuing the company at around $1.6 billion; expansion of branch footprints into cities like Mysore, Nagpur and Bhilai; and recognition in awards such as India's Best for Digital Solutions in the Euromoney Private Banking Awards 2025 and top rankings in the Global Custodian Emerging Markets Agent Banks Survey 2024.