Nuvama Wealth and Investment Limited

Nuvama Wealth and Investment Limited (NWIL), established in 2008, is a prominent player in the wealth management industry, offering a range of investment solutions including alternate investment funds, non-convertible debentures, bonds, portfolio management services, structured products, and mutual funds. It also operates as a registered brokerage on major Indian stock exchanges and is regulated by SEBI and the Insurance Regulatory Development Authority of India. The company's equity shares were listed on the National Stock Exchange and Bombay Stock Exchange in September 2023. Nuvama's promoters include PAGAC Ecstasy Pte. Ltd (PAG), which acquired a majority stake in NWIL in fiscal 2021. PAG, a leading Asia-focused private investment fund, supports the group's strategic initiatives and has helped expand its presence in wealth and asset management. The company's offerings are primarily aimed at affluent individuals, high-net-worth and ultra-high-net-worth clients, and institutional investors, spanning three core verticals: private and affluent wealth management, asset management, and capital markets. It also provides investment banking, clearing, and custodial services. Nuvama's key strengths lie in its strong capitalisation and established market position in wealth management, further reinforced by its partnership with PAG — an alliance that supports client base expansion and access to external debt on competitive terms.