Anand Rathi Wealth Ltd. Company Profile : Products, Promoters and Clients
Anand Rathi Wealth Company Description
Anand Rathi Wealth Limited, established in 1995 in Mumbai, India, offers finance and insurance services. The company provides equity and debt mutual funds, structured products, and other investment options. It also supports financial advisors with tools for business reporting, client engagement, online mutual fund transactions, and goal planning. Formerly known as Anand Rathi Wealth Services Limited, the firm adopted its name in January 2021.
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Q1. What are the Products and Service offerings of Anand Rathi Ltd ?
A) Private Wealth Segment: This segment caters to High Net Worth Individuals (HNI) and Ultra High Net Worth Individuals (UHNI) with assets ranging from 5 to 50 Crores. As of FY22, this vertical managed an Asset Under Management (AUM) of Rs. 32,054 Crores, serving over 7,000 active client families through a team of 271 Relationship Managers (RMs). Approximately 57% of clients have been associated with the company for over 3 years, representing about 77% of their total AUM in this segment.
B) Digital Wealth Segment: The Digital Wealth (DW) segment extends the company's offerings to the mass affluent market through a 'phygital channel', combining physical and digital elements. As of FY22, DW managed an AUM of 852 Crores, engaging over 316 client engagement partners and serving approximately 4,000 clients.
C) Omni Financial Advisor (OFA): OFA represents the company's strategic initiative to leverage technology for retail wealth management through a B2B2C model. As of FY22, OFA included 5,343 mutual fund distributors managing relationships with 1.7 million clients.
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Q2. Who are the promoters of Anand Rathi Ltd ?
Anand Rathi, Founder & Group Chairman: Mr. Anand Rathi, a Gold Medalist Chartered Accountant, is a prominent financial and investment expert in India and Southeast Asia. Before founding Anand Rathi Group, he played a pivotal role in the Aditya Birla Group's cement business and spearheaded their diversification into various manufacturing and service sectors.
Pradeep Gupta, Co-Founder & Vice Chairman: Mr. Pradeep Gupta co-founded Anand Rathi Group after a successful career in the textile industry and founding Navratan Capital & Securities Pvt. Ltd. He brings over two decades of experience in the financial sector, contributing significantly to the group's growth and operations.
Q3. Who are the Clients of Anand Rathi Ltd ?
Anand Rathi Wealth Ltd serves a growing clientele:
- The company saw a steady increase in client families, with additions in FY19, FY20, FY21, and FY22.
- As of FY22, approximately 7,082 active client families were serviced.
- Revenue primarily derives from Mutual Fund Distribution (37%), Distribution and Sale of Financial Products (62%), and IT Enabled Services (1%).
- Asset Under Management (AUM) distribution includes 48% in Equity Mutual Funds, 11% in Debt Mutual Funds, 29% in Market Linked Debentures, and 12% in Direct Equity and others.
(All information reflects data as of FY'22)
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