360 One WAM is an Indian wealth and asset management company headquartered in Mumbai, India.[3][4][5] 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.[6]

As of December 2024, 360 ONE WAM had assets under management (AUM) of over ₹5.79 lakh crore (US$68 billion)[7] and had more than 7,500 clients, including individuals and institutions.[8][9] It holds an A1+ credit rating from CRISIL[1] and ICRA.[2]

History

The company was incorporated on January 17, 2008, as IIFL Wealth Management Limited, a subsidiary of IIFL Holdings.[10][11][12] 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.[13][14]

Subsequently, in June 2018, the company raised ₹745.71 crore (US$87 million) from investors, including General Atlantic.[15]

In 2019, the company demerged from IIFL Holdings to become an independent, publicly listed entity.[16][17]

In 2022, Bain Capital acquired nearly 25% of the company's shares.[18]

In November 2022, the company rebranded as 360 ONE, renaming its wealth management division as 360 ONE Wealth[19] and its asset management division as 360 ONE Asset.[20]

In September 2023, it launched 360 ONE Global to provide wealth and investment advisory services to international clients, with offices in Dubai and Singapore.[21]

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,[22] a private equity advisory firm.[23]

In October 2018, the company acquired Chennai-based wealth management firm Wealth Advisors India for ₹235 crore (US$27 million).[24]

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.[25][26]

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.[27][28][29][30]

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).[31][32] In 2018, the company raised ₹745.71 crore (US$87 million) from investors, including General Atlantic.[33] In 2022, Bain Capital acquired nearly 25% of the company's shares.[34]

Ranking

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

References

  1. ^ a b c "Rating Rationale". CRISIL. Retrieved 2 April 2025.
  2. ^ a b c "360 One WAM Limited - ICRA". icra.in. ICRA Limited. Retrieved 2 April 2025.
  3. ^ Paul, Sidhanth. "Nuvama or 360 One: Who's Ahead in Wealth Management?". Capitalmind. Retrieved 2 April 2025.
  4. ^ Jacob, Ann (25 February 2025). "360 One Can Rally 20% Despite Market Weakness, Analysts Say Post B&K Acquisition". NDTV Profit. Retrieved 2 April 2025.
  5. ^ "UBS Nears Deal With India Wealth Firm 360 One to Spur Growth". Retrieved 2 April 2025.
  6. ^ "Bain Capital-backed 360 One WAM to buy B&K Securities for $218 mn". VCCircle. Retrieved 2 April 2025.
  7. ^ "360 One WAM" (PDF). Motilal Oswal Research Report.
  8. ^ "Bain Capital backed 360 One WAM to acquire B-K Securities for $205 million". Business Standard India. 27 January 2025.
  9. ^ "Bain-Backed 360 One's Co-CEO Taparia to depart amid wealth management boom". Business Standard India.
  10. ^ "I-T dept carries out searches on business premises linked to 360 ONE WAM, founder". The Indian Express. 29 January 2025. Retrieved 2 April 2025.
  11. ^ Sarkar, Arundhati (20 June 2018). "IIFL Wealth Raises Funds To Grow Asset Management, NBFC Businesses". BloombergQuint.
  12. ^ "IIFL Holdings to demerge capital, wealth, finance business in one year". The Times of India. 4 February 2018.
  13. ^ Layak, Suman (1 July 2018). "India's mega rich are swelling. How the wealth management industry is refashioning itself to adapt". The Economic Times.
  14. ^ Menon, Shailesh (25 October 2015). "General Atlantic acquires 21 per cent stake in IIFL Wealth for Rs 1,122.34 crore". The Economic Times. ISSN 0013-0389. Retrieved 2 April 2025.
  15. ^ "IIFL Holdings advances 3% as arm sells stake for Rs 746 crore". The Economic Times. 20 June 2018. ISSN 0013-0389. Retrieved 2 April 2025.
  16. ^ "BSE India". Retrieved 13 November 2020.
  17. ^ "NCLT approves demerger of IIFL Group into 3 entities". The Economic Times. 15 March 2019.
  18. ^ "US investor Bain to buy 18% in Manappuram Finance for Rs 4.4k crore". The Times of India. 21 March 2025. ISSN 0971-8257. Retrieved 2 April 2025.
  19. ^ Paul, Sidhanth. "Nuvama or 360 One: Who's Ahead in Wealth Management?". Capitalmind. Retrieved 2 April 2025.
  20. ^ "IIFL Wealth, Asset Management to rebrand itself as 360 ONE". The Economic Times. 17 November 2022. ISSN 0013-0389. Retrieved 2 April 2025.
  21. ^ "360 ONE launches global platform 360 ONE Global, appoints new team". Business Standard India.
  22. ^ Allirajan, M. (7 April 2014). "IIFL Wealth Management acquires India Alternatives". The Times of India.
  23. ^ "IIFL Wealth Management acquires India Alternatives Private Equity Fund". The Times of India. 7 April 2014.
  24. ^ Mahesh, Prashant (16 October 2018). "IIFL Wealth Management acquires Wealth Advisors". The Economic Times.
  25. ^ "IIFL Set To Acquire L&T Finance's Wealth Management Arm For Rs 250 Crore". Bloomberg Quint. 23 August 2019.
  26. ^ "IIFL completes acquisition of L&T Finance's wealth management business". Moneycontrol. 24 April 2020.
  27. ^ "Bain Capital-backed 360 One WAM to buy B&K Securities for $218 mn". VCCircle. Retrieved 2 April 2025.
  28. ^ Narayanan, KS Badri (27 January 2025). "360 One WAM to acquire B&K Securities for ₹1,884 crore". BusinessLine. Retrieved 2 April 2025.
  29. ^ "360 ONE's B&K deal may narrow its valuation premium over Nuvama Wealth". Mint.
  30. ^ Jacob, Ann (25 February 2025). "360 One Can Rally 20% Despite Market Weakness, Analysts Say Post B&K Acquisition". NDTV Profit. Retrieved 2 April 2025.
  31. ^ "General Atlantic to buy 21.6% stake in IIFL Wealth for Rs 1,122 cr". Business Standard. Mumbai. 24 October 2015.
  32. ^ Sanjai, P.R. (24 October 2015). "GA to buy 21% in IIFL Wealth for Rs1,122 crore". Livemint.
  33. ^ Raghavanaghavan, Ranjani (19 June 2018). "IIFL Wealth raising $110 mn from Ward Ferry, General Atlantic and others". VCCircle.
  34. ^ "US investor Bain to buy 18% in Manappuram Finance for Rs 4.4k crore". The Times of India. 21 March 2025. ISSN 0971-8257. Retrieved 2 April 2025.
Allikas: http://en.wikipedia.org/wiki/IIFL_Wealth
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