Escorp Asset Management

What Escorp Asset Management does

Escorp Asset Management Limited (EAML) is a Mumbai-based, SEBI-registered Portfolio Manager (Registration No. INP000005372; CIN: L17121M2011PLC213451) operating as the asset management arm of the Aryaman Group. Founded in 2011 and listed on the BSE main board (Scrip Code 540455, ISIN: INE953W01016), the company runs a services business with four offering lines: (i) Non-Institutional Portfolio Management Services covering discretionary and non-discretionary PMS for HNIs and family offices, (ii) Investment Advisory and Research Services on a fixed-fee subscription (monthly/quarterly/annual) intended for smaller clients below Rs 25 lakhs AUM or sophisticated investors seeking trade ideas, (iii) Personal Finance Advisory spanning financial planning, estate planning, succession planning and tax advisory, and (iv) Institutional Asset Management providing discretionary and non-discretionary fund management for FIIs, FPIs and domestic investment funds, plus corporate treasury advisory combining debt, derivative, arbitrage and equity strategies.

Revenue mechanics are fee-based and recurring across all four lines: PMS and personal finance mandates are subscription-style, institutional mandates are typically fixed service charges on portfolio/AUM with potential performance-fee overlays, and the advisory line is a fixed fee unlinked to portfolio size. Distribution is entirely direct — relationship-led sales to HNIs and family offices, enterprise-style institutional outreach, and email-based onboarding for the advisory tier — with no intermediary channel partners disclosed. The business is differentiated from standalone PMS firms by integration with parent Aryaman Financial Services Limited (merchant banking: 31 SME IPOs, 18 Open Offers, 1 Delisting Offer since 2007-08) and affiliate Aryaman Capital Markets (BSE SME-listed market maker), which feed niche SME-exchange insights into EAML's investment process and create goodwill across Indian corporate promoters. Operating scale is small: 1-10 employees, Q3 FY2025 standalone sales of Rs 1.05 crore (-90.13% YoY), net profit of Rs 1.06 crore (-88.47% YoY), operating margin 91.43%, with 67.62% promoter holding and micro-cap BSE trading characteristics (4-819 share daily volume).

Name

Escorp Asset Management

Legal name

Escorp Asset Management Limited

Website

https://escorpamc.co.in

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

1–10 employees

Short description

Escorp Asset Management is a Mumbai-based, SEBI-registered Portfolio Manager and subsidiary of Aryaman Financial Services, offering discretionary and non-discretionary PMS, investment advisory, personal finance advisory and institutional asset management to HNIs, family offices, FIIs/FPIs and corporate treasury clients in India.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industries

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ), Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Portfolio management services
• Asset management advisory
• Investment advisory research
• Institutional fund management
• Personal finance advisory

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Advisory and Research Services (Fee-Based): Fixed fee product (payable monthly, quarterly, or annually) for stock advice or portfolio advice on specific items. Not linked to portfolio size. Designed for smaller clients investing less than Rs 25 lakhs or highly informed clients with large portfolios seeking additional advisory and trade ideas.
2. Portfolio Management Services (Discretionary): Discretionary PMS with sole and absolute discretion to invest on behalf of clients. Fee structure agreed upon, entirely at client's risk. Includes responsibility for managing, renewing, and reshuffling portfolio, buying and selling securities, and safekeeping.
3. Portfolio Management Services (Non-Discretionary): Portfolio managed according to client requirements and directions without complete independence. More suitable for informed HNI or investor group with predefined investment objectives and strategy.
4. Institutional Fund Management: Discretionary and non-discretionary institutional fund management for MFs, FIIs, FPIs. Revenue model includes fixed service charge for portfolio/AUM and may include performance fee element in certain cases.
5. Corporate Treasury Advisory Services: Advisory services for corporate companies to effectively utilize liquid reserves through liquid investment ideas combining debt, derivative, arbitrage, and equity strategies.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels3 records

Core offering

Escorp Asset Management is a SEBI-registered Portfolio Manager (Registration No. INP000005372) that delivers discretionary and non-discretionary portfolio management services to HNIs and family offices, fee-based investment advisory and research services, institutional asset management for FIIs/FPIs/domestic funds, and personal finance advisory covering financial, estate, succession, and tax planning. The firm operates as a subsidiary of Aryaman Financial Services Limited within the Aryaman Group, leveraging the group's merchant banking, market making, and corporate advisory infrastructure for investment insights.

Product overview

Escorp Asset Management is a SEBI-registered asset management company (Registration No. INP000005372) and subsidiary of Aryaman Financial Services Limited within the Aryaman Group. The company operates as a services company with a 'product-like approach' to services. Its product and services portfolio consists of four main offerings: (1) Portfolio Management Services (Non-Institutional) covering discretionary and non-discretionary PMS plus fee-based investment advisory and research services for HNIs and family offices; (2) Personal Finance Advisory including financial planning, estate planning, succession planning, and tax advisory; (3) Institutional Asset Management providing discretionary and non-discretionary fund management for FIIs, FPIs, and domestic investment funds, institutional research services, and corporate treasury advisory; and (4) Investment Advisory and Research Services offered on a subscription fee model for individual and institutional investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Portfolio Management Services (Non-Institutional) SEBI-registered portfolio management services offering discretionary and non-discretionary PMS solutions for HNIs and family office organizations. Discretionary PMS provides full authority to the Portfolio Manager to invest on behalf of clients, while non-discretionary services manage portfolios according to client-directed requirements in Indian capital markets.
• Discretionary Portfolio Management Discretionary Portfolio Management Services where the Portfolio Manager deploys client portfolios by investing and/or divesting in Indian capital markets as per SEBI regulations, acting in fiduciary capacity with sole and absolute discretion over investment decisions.
• Non-Discretionary Portfolio Management Portfolio management wherein the portfolio is managed in accordance with client requirements and directions without complete independence, suitable for informed HNIs or investor groups with pre-defined investment objectives and strategies.
• Investment Advisory and Research Services (Fee Based) Fee-based product not linked to portfolio size where clients enroll for a fixed fee (monthly, quarterly, or annually) to receive stock advice or portfolio advice on specific items. Designed for smaller clients investing less than Rs 25 lakhs or highly informed clients with large portfolios seeking additional advisory and trade ideas.
• Institutional Asset Management Asset management and related services targeted towards institutions operating in capital markets with a niche for equity-related services. Includes discretionary institutional fund management for FIIs, FPIs, and domestic investment funds; non-discretionary institutional fund management; institutional advisory or research services; and corporate treasury advisory services.
• Personal Finance Advisory Personal finance management services including financial planning, estate planning, succession planning, and personal tax advisory. Designed to provide global-level advisory with understanding of Indian culture, targeting HNIs and family trusts with dedicated analysts and advisors managing personal finance requirements.
• Corporate Treasury Advisory Services Advisory services for corporate companies to effectively utilize liquid reserves through liquid investment ideas combining debt, derivative, arbitrage, and equity strategies. Targeted at profitable or well-capitalized companies with liquid reserves awaiting capital expenditure opportunities or working capital deployment, with short to medium-term horizon focus and long-term treasury management advice.

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Aryaman GroupcoreStrategic or Co-development PartnerFinancial Services group with interests in Merchant Banking, Investment Banking, Corporate Advisory, Stock Broking, Market Making and Equity Investments. The group structure provides integrated capabilities that EAML leverages for its asset management services. EAML represents and carries out various fund-based and secondary market activities of the group.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Aditya Birla Sun Life AMC: Major Indian AMC with active equity, fixed income and PMS offerings. Comparable institutional asset management and HNI advisory capabilities.
• Kotak Mahindra Asset Management: Large Indian AMC offering PMS, mutual funds and advisory across HNI and institutional segments. Overlaps with EAML on institutional asset management and HNI discretionary PMS.
• ICICI Prudential Asset Management: One of India's largest AMCs with mutual funds, PMS and advisory services. Overlaps with EAML in discretionary PMS for HNIs but operates at vastly larger AUM scale and across a much broader product range.
• HDFC Asset Management: India's largest AMC by AUM with a full suite of mutual fund and PMS offerings. Comparable broad portfolio management and advisory capability, though focused on retail MF as the primary channel.
• Nippon Life India Asset Management: Large Indian AMC serving both retail and institutional clients with PMS and advisory services. Comparable on the institutional asset management side of EAML's business.

Direct peers

• IIFL Wealth Management: Large India-focused wealth management platform offering discretionary PMS, advisory and family-office services. Closely comparable product set to EAML's PMS, advisory and personal finance offering, though at significantly larger scale.
• ASK Investment Managers: Boutique India-focused portfolio management and wealth advisory firm. Directly comparable to EAML as both are SEBI-registered PMS providers focused on HNI and family-office discretionary/non-discretionary mandates.
• Motilal Oswal Asset Management: Indian AMC with active equity PMS and fund management offerings. Comparable as a domestic asset manager serving HNI and institutional clients with active equity strategies.

Regional players

• SPA Capital Advisors: Indian small-cap financial services group with PMS, advisory and merchant banking activities. Comparable scale and group-structure profile to the Aryaman Group ecosystem that backs EAML.
• Antique Stock Broking: Indian financial services group offering broking, PMS and wealth advisory. Similar group-company structure and HNI focus to EAML, though with different geographic concentration within India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Escorp Asset Management