360 One WAM

360 ONE WAM
FormerlyIIFL Wealth
Company typePublic
IndustryWealth management, asset management
Founded2008 (2008)
Founders
  • Karan Bhagat
  • Yatin Shah
Headquarters
Mumbai
,
India
Area served
Worldwide
Key people
Karan Bhagat (Founder, Managing Director and CEO)
Yatin Shah (Co-founder, 360 ONE and CEO of 360 ONE Wealth)
Revenue₹826 crore (US$98 million)[1] (Q3 FY26)
AUM₹7.11 lakh crore (US$84 billion) (Q3 FY26)[1]
Number of employees
1,700 [1] (December 2025)
SubsidiariesSee § Subsidiaries
RatingA1+ (CRISIL)[2]
A1+ (ICRA)[3]
Websitewww.360.one

360 ONE WAM Limited is an Indian financial services group headquartered in Mumbai.[4][5][6] Established in 2008, the company operates in the wealth and asset management sectors. Its activities include investment banking, institutional broking, and portfolio management services. As of late 2025, the company managed approximately ₹7.11 lakh crore (US$79 billion) in assets[1] for over 8,500 clients.[7][8] The firm operates through 27 offices in India and has operations in five other countries.[9]

History

360 ONE WAM Limited was incorporated on 17 January 2008 as IIFL Wealth Management Limited, a subsidiary of IIFL Holdings.[10][11][12] Early in its operations, the firm moved from a commission-based model to a fee-based advisory structure, anticipating subsequent SEBI regulations that prohibited upfront commissions. In October 2015, General Atlantic acquired a 21.6% stake in the firm for approximately ₹1,122 crore.[13][14] This was followed by an additional ₹745.71 crore (US$87 million) funding round in June 2018.[15] In 2019, the company demerged from IIFL Holdings to become an independent entity, listing on the NSE and BSE on 19 September 2019.[16][17]

In March 2022, Bain Capital agreed to acquire a 24.9% equity stake for approximately ₹3,680 crore, leading to a partial exit by General Atlantic and Fairfax India.[18] In November 2022, the firm rebranded as 360 ONE, renaming its divisions as 360 ONE Wealth and 360 ONE Asset.[19][20] In April 2025, the company entered a strategic collaboration with UBS. As part of the agreement, 360 ONE acquired UBS's onshore wealth management business in India for ₹307 crore, while UBS acquired warrants representing a 4.95% stake in 360 ONE.[21]

Operations

360 ONE Wealth is the group's wealth management division, focusing on high-net-worth individuals and family offices.[22] Its activities include investment advisory, estate planning, lending, and corporate treasury functions. The division also maintains a securities brokerage license and the 360 ONE Wealth Open platform. The 360 ONE Asset and 360 ONE Alternate Asset units oversee investments in public equities, private equity, private credit, and real estate.[23] In 2024, the group entered the retail digital segment through the acquisition of ET Money, a platform for mutual fund distribution. Institutional operations, including investment banking, are conducted through 360 ONE Capital, formerly Batlivala & Karani.[24]

Board of directors

The board of directors of 360 ONE WAM is chaired by Akhil Gupta, who serves as an independent director.[21] The company's managing director is Karan Bhagat, while Yatin Shah sits on the board as a non‑executive director.[25][26] Other independent directors include Pierre De Weck, Revathy Ashok, and Sandeep Tandon. Saahil Murarka serves as a non‑executive director, and Pavninder Singh and Rishi Mandawat of Bain Capital hold positions as nominee directors.[27]

Expansion

In 2014, the company acquired a majority stake in India Alternatives Investment Advisors Pvt Ltd,[28] a private equity advisory firm.[29] In 2018, it purchased Chennai-based Wealth Advisors India for ₹235 crore (US$27 million).[30] In 2020, it acquired L&T Capital Markets, a subsidiary of L&T Finance Holdings, for ₹2.3 billion, adding ₹100 billion in AUM.[31][32] In 2024, it acquired ET Money for ₹3.7 billion, and in 2025 announced plans to acquire Batlivala & Karani Securities and Batlivala & Karani Finserv for ₹18.8 billion.[33][34][35][36]

Collaborations and publications

The firm has partnered with research organizations to publish reports on wealth and investment trends. In 2018, it collaborated with Wealth-X on The Wealth Index.[37] Between 2019 and 2023, it worked with Hurun India on annual rich lists.[38] In 2024, it launched a new edition of The Wealth Index with CRISIL,[39] followed in 2025 by The 360 ONE Wealth Creators List, also in association with CRISIL.[40]

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).[41][42] In 2018, the company raised ₹745.71 crore (US$87 million) from investors, including General Atlantic.[43] In 2022, Bain Capital acquired nearly 25% of the company's shares.[44] The company launched a qualified institutional placement (QIP) to raise ₹2,250 crore. As part of the offering, the company issued approximately 22.2 million new equity shares to qualified institutional investors.[45]

Rankings

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
  • 360 ONE Asset Trustee Limited
  • 360 ONE Global Asset Management (IFSC) Limited (Wholly owned subsidiary of 360 ONE Asset Management Limited)
  • 360 ONE IFSC Limited
  • 360 ONE Capital Market Private Limited
  • (Formerly known as Batlivala & Karani Securities India Private Limited
  • 360 ONE Treasury Solutions Private Limited
  • (Formerly known as Batlivala & Karani Finserv Private Limited)
  • 360 ONE Foundation
  • 360 ONE Capital Pte. Ltd.
  • B&K Securities Pte. Ltd. (Wholly owned subsidiary of 360 ONE Capital Market Private Limited*
  • 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 d "Wealth management firm sees 20% profit rise on growth in ARR AUM". CNBC TV18.
  2. ^ a b "Rating Rationale". CRISIL. Retrieved 2 April 2025.
  3. ^ a b "360 One WAM Limited - ICRA". icra.in. ICRA Limited. Retrieved 2 April 2025.
  4. ^ Paul, Sidhanth. "Nuvama or 360 One: Who's Ahead in Wealth Management?". Capitalmind. Retrieved 2 April 2025.
  5. ^ 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.
  6. ^ "UBS Nears Deal With India Wealth Firm 360 One to Spur Growth". Retrieved 2 April 2025.
  7. ^ "Beyond the rally: Is 360 ONE WAM just getting started?". The Indian Express. 5 August 2025. Retrieved 14 March 2026.
  8. ^ "Bain-Backed 360 One's Co-CEO Taparia to depart amid wealth management boom". Business Standard India.
  9. ^ "Bain Capital-backed 360 One WAM to buy B&K Securities for $218 mn". VCCircle. Retrieved 2 April 2025.
  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. ^ "IIFL Wealth, Asset Management to rebrand itself as 360 ONE". The Economic Times. 17 November 2022. ISSN 0013-0389. Retrieved 2 April 2025.
  20. ^ Paul, Sidhanth. "Nuvama or 360 One: Who's Ahead in Wealth Management?". Capitalmind. Retrieved 2 April 2025.
  21. ^ a b "UBS to sell India wealth business to 360 ONE, take 5% stake in India partner". The Hindu. 22 April 2025. ISSN 0971-751X. Retrieved 14 March 2026.
  22. ^ Mascarenhas, Rajesh (7 September 2023). "360 One WAM, earlier known as IIFL Wealth & Asset Management, goes global; forms a new team". The Economic Times. ISSN 0013-0389. Retrieved 14 March 2026.
  23. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 14 March 2026.
  24. ^ Joshi, Manish (14 June 2024). "360 ONE WAM-ET Money: A win-win deal | Stock Market News". mint. Retrieved 14 March 2026.
  25. ^ Bhalla, Aakriti (29 July 2025). "360 One wrote the wealth-management playbook. Now it is learning a hard lesson". The Ken. Retrieved 14 March 2026.
  26. ^ "Private Bankers Ride India's Wealth Boom to $600 Million Fortune". bloomberg.
  27. ^ "360 One Wam Ltd". Reuters.
  28. ^ Allirajan, M. (7 April 2014). "IIFL Wealth Management acquires India Alternatives". The Times of India.
  29. ^ "IIFL Wealth Management acquires India Alternatives Private Equity Fund". The Times of India. 7 April 2014.
  30. ^ Mahesh, Prashant (16 October 2018). "IIFL Wealth Management acquires Wealth Advisors". The Economic Times.
  31. ^ "IIFL Set To Acquire L&T Finance's Wealth Management Arm For Rs 250 Crore". Bloomberg Quint. 23 August 2019.
  32. ^ "IIFL completes acquisition of L&T Finance's wealth management business". Moneycontrol. 24 April 2020.
  33. ^ "Bain Capital-backed 360 One WAM to buy B&K Securities for $218 mn". VCCircle. Retrieved 2 April 2025.
  34. ^ Narayanan, KS Badri (27 January 2025). "360 One WAM to acquire B&K Securities for ₹1,884 crore". BusinessLine. Retrieved 2 April 2025.
  35. ^ "360 ONE's B&K deal may narrow its valuation premium over Nuvama Wealth". Mint.
  36. ^ 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.
  37. ^ "360 ONE Wealth launches Wealth Index". BusinessLine. 12 November 2024. Retrieved 14 March 2026.
  38. ^ Paul, Sidhanth. "Nuvama or 360 One: Who's Ahead in Wealth Management?". Capitalmind. Retrieved 14 March 2026.
  39. ^ "What the wealthy do to get richer? A wealth index report reveals secrets". The Economic Times. 13 November 2024. ISSN 0013-0389. Retrieved 14 March 2026.
  40. ^ "93% of richest Indians' wealth linked to listed firms: 360 ONE report". The Financial Express. 18 June 2025. Retrieved 14 March 2026.
  41. ^ "General Atlantic to buy 21.6% stake in IIFL Wealth for Rs 1,122 cr". Business Standard. Mumbai. 24 October 2015.
  42. ^ Sanjai, P.R. (24 October 2015). "GA to buy 21% in IIFL Wealth for Rs1,122 crore". Livemint.
  43. ^ Raghavanaghavan, Ranjani (19 June 2018). "IIFL Wealth raising $110 mn from Ward Ferry, General Atlantic and others". VCCircle.
  44. ^ "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.
  45. ^ "360 One Wam launches ₹2,250 crore QIP, announces pricing, equity dilution - CNBC TV18". CNBCTV18. 24 October 2024. Retrieved 14 March 2026.
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