Nuvama Wealth Management Limited

What Nuvama Wealth Management Limited does

Nuvama Wealth Management Limited is an integrated wealth management platform headquartered in Mumbai, India, majority-owned by PAG, a global alternative investment firm. The business was re-launched as Nuvama (derived from "nueva ama," meaning "new love") following PAG's acquisition of a majority stake in Edelweiss Wealth Management in 2019, with a subsequent corporate rebranding in 2023. It operates three integrated verticals — Wealth Management, Asset Management, and Capital Markets — serving affluent and HNI individuals, ultra-HNI clients and family offices, institutional investors, and corporates across India and select international markets, with client assets of ₹5.3+ trillion across 1.3+ million affluent and HNI clients, 4,850+ family office and UHNI clients, and 1,000+ institutional clients. The company is publicly listed on NSE (NSEI:NUVAMA) and employs 3,500+ professionals, including 300+ technology experts, as of June 2026.

Name

Nuvama Wealth Management Limited

Legal name

Nuvama Wealth Management Limited

Website

https://nuvama.com

Company type

Private

Founded year

2019

Operating status

Operating

Short description

Nuvama Wealth Management Limited is an integrated, PAG-backed wealth management platform headquartered in Mumbai, India, offering wealth management, asset management, and capital markets services to over 1.3 million affluent/HNI clients, 4,850+ family offices, and 1,000+ institutional clients across India and international offices.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259), Trust, Fiduciary, and Custody Activities (523991), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)

akta.pro secondary industries

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC), Investment Management Advisory (RIA) (FSAEAAAB), Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM), Digital Wealth Platforms for Advisors (TAMP/Advisor Tech) (FSAGAEAH)

Keywords

• Wealth management services
• Asset management
• Capital markets
• Investment advisory
• Private banking

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Wealth Management: Distribution of financial products including fixed income, structured products, alternates, portfolio management services, equity, credit, mutual funds, and insurance. Revenue generated through product distribution fees and advisory charges for affluent, HNI and UHNI clients.
2. Asset Management: Alternative investment fund management including private markets (Crossover Opportunities Funds, Crossover Yield Opportunities Fund), listed equity alternatives (EDGE Fund), structured solutions (PMS, Market Linked Debentures), and mutual fund operations. Revenue from management fees and performance fees on AUM.
3. Capital Markets: Institutional equities (brokerage, sales trading, research), investment banking and advisory (ECM, M&A, debt advisory), and asset services (custody, clearing, fund accounting). Revenue from transaction fees, brokerage commissions, and advisory fees.
4. Brokerage Services: Margin trade financing facility, broking services for professional traders, and ESOP funding services generating fees and interest income.
5. Venture Debt: Venture debt financing to emerging Indian enterprises with investments from ₹25 to 150 Cr. Revenue generated from interest income and lending fees.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Nuvama operates an integrated wealth management platform with three core business verticals: Wealth Management (distribution of financial products, advisory, lending and broking services for affluent, HNI and UHNI clients), Asset Management (alternative investment funds spanning private equity, venture debt, listed equity alternatives and structured solutions), and Capital Markets (institutional equities, investment banking and advisory, and asset services including custody and clearing). The platform manages ₹5.3+ trillion in client assets and serves over 1.3 million affluent and HNI clients, 4,850+ family offices and UHNI clients, and 1,000+ institutional clients across India and overseas.

Product overview

Nuvama Wealth Management Limited operates as an integrated wealth management platform with three core business verticals: Wealth Management, Asset Management, and Capital Markets. The platform serves over 1.3+ million affluent and HNI clients and INR 5.3+ trillion in client assets. Wealth Management includes Nuvama Wealth (mass affluent/HNI), Nuvama Private (family offices/ultra-HNIs), and Nuvama PCG (professional traders), supported by digital platforms Nuvama Markets, Nuvama Infinity, and Nuvama Private App. Asset Management offers alternative investment products including Private Markets (Crossover Opportunities Funds, Venture Debt), Listed Equity Alternatives (EDGE Fund), and Structured Solutions/PMS. Capital Markets provides Institutional Equities (research, sales trading, corporate access), Investment Banking & Advisory (ECM, DCM, M&A), and Asset Services (custody, clearing, fund administration). Together, these offerings create a comprehensive ecosystem for wealth creation, preservation, and investment across India's wealthy individuals, family offices, and institutional investors.

Differentiator

Problem solved

Functional benefit

Brands

• Nuvama Markets: Stock market app designed for investing and trading on mobile
• Nuvama Infinity
• Nuvama Private App
• EDGE Fund
• Nuvama Crossover Opportunities Fund
• Nuvama Crossover Yield Opportunities Fund

Products and services

• Nuvama Wealth Wealth management arm serving approximately 1.2+ million affluent and HNI customers with distribution of financial products including fixed income, structured products, alternatives, PMS, equity, credit, mutual funds, and insurance, plus ESOP funding, margin trade financing and broking services.
• Nuvama Private Private wealth practice serving 4,850+ family offices and UHNI clients, new-age entrepreneurs, business owners, CXOs and corporate treasuries with 360-degree wealth management including investment advisory, portfolio management, estate planning and wealth structuring.
• Nuvama Professional Clients Group (PCG) Dedicated desk for professional traders and investors offering actionable ideas, quant and technical research, IPO and special situations coverage, trading desk services and Structured LAS funding with an institutional approach.
• Institutional Equities Institutional brokerage offering fundamental, alternative and quantitative research, sales trading, derivative desk services and corporate access for over 700 global and domestic institutional investors.
• Investment Banking and Advisory Full-service investment bank offering solutions in equity capital markets, private equity, M&A, debt structuring, fixed income market services and capital advisory across sectors and products for Indian corporates and entrepreneurs.
• Asset Services Custody and asset servicing solutions covering fund setup advisory, securities custody, derivatives clearing, fund accounting, reporting and fiduciary services for Foreign Portfolio Investors, Mutual Funds, AIFs, PMS, family offices and HNIs.
• Nuvama Crossover Opportunities Fund Late-stage Private Equity focused fund offering bespoke capital solutions with track record through two market crises; registered as Category II AIF under Nuvama Private Investment Trust.
• Nuvama Crossover Yield Opportunities Fund Venture-focused debt fund combining equity-like returns with debt-like security and regular cash flows; sector-agnostic, investing from Series A onwards; registered as Category II AIF under Nuvama Private Opportunities Trust.
• Nuvama Enhanced Dynamic Growth Equity (EDGE) Fund Equity alternative fund designed to manage market fluctuations by cushioning drawdowns while providing alpha over the long term; registered as Category III AIF.
• Structured Solutions and Portfolio Management Services (PMS) Customized digital portfolio solutions and Market Linked Debentures for institutional investors and sophisticated investors, including PMS and structured products; registered with SEBI as Portfolio Manager (INP000007207).
• Nuvama Venture Debt Venture debt fund with INR 3,000 Cr target size providing growth capital of INR 25 to 150 Cr to emerging Indian enterprises from Series A to Pre-IPO stage to extend cash runway and minimize equity dilution.
• Nuvama Absolute Return Strategy (NARS) Absolute return fund offering returns superior to traditional fixed income with lower volatility; registered as Category III AIF under Nuvama Alternative Strategies Trust.
• Nuvama Multi Asset Strategy Return Fund (NARS+) Multi-asset strategy fund providing diversified exposure across asset classes with risk-adjusted returns; registered as Category III AIF.
• Prime Offices Fund (PRIME) Commercial real estate fund investing in Grade A+ offices across India's top six cities (Bengaluru, NCR, Pune, Mumbai, Chennai, Hyderabad); joint venture with Cushman & Wakefield.
• Nuvama Flexicap Equity Fund Flexi-cap equity fund offering diversified equity exposure across market capitalizations, managed by fund managers Mr. Ajay Vora and Nikhil Ranka; registered as Category III AIF.
• Nuvama Markets App Award-winning mobile stock market app enabling self-service investing and trading across equities and other asset classes for retail and professional customers.
• Nuvama Infinity Multi-asset digital portfolio platform offering a portfolio spanning all asset classes created and managed by a team of experts, tailored to individual customer needs.
• Nuvama Private App Mobile application for private wealth clients serving as a unified platform for wealth management, portfolio reporting and related services.

Quantifiable outcome

• ₹5.3+ Trillion client assets managed as of June 2026
• +3 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature5 records

Partnerships

Two partnerships are on record, tiered flagship and legacy.

• Cushman & Wakefield Management Private Limited (NCW)flagshipStrategic or Co-development Partner · 23 January 2025Joint venture between Nuvama Asset Management and Cushman & Wakefield for Indian commercial real estate investments. The JV combines Nuvama's fund management and capital markets expertise with Cushman & Wakefield's deep local intelligence in commercial real estate including zoning laws, developer relationships, and rental dynamics. The Prime Offices Fund (PRIME) achieved first close with corpus of approximately INR 1700 crore targeting INR 3000 crore fund size.
• Edelweiss GrouplegacyStrategic or Co-development PartnerEdelweiss Group is the predecessor organization of Nuvama, formerly Edelweiss Wealth Management. The Edelweiss legacy provides the foundation of trust and reputation earned through over 25 years in the Indian market. Nuvama maintains the esteemed legacy fostered by Edelweiss as a premier financial services conglomerate.

Scale indicators24 records

Recent moves8 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nuvama-group/?viewAsMember=true

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries7 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 Nuvama Wealth Management Limited