360 One WAM

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360 ONE WAM
Formerly
IIFL Wealth
IndustryWealth management, asset management
Founded2008; 18 years ago (2008)
Founder(s)s
Headquarters
Mumbai
, 
India
Area served
Worldwide
Key people
Karan Bhagat (Managing Director and CEO)
Yatin Shah (CEO of 360 ONE Wealth)[1][2]
Revenue₹826 crore (US$120 million)[3] (Q3 FY26)
AUM₹7.11 lakh crore (US$100 billion) (Q3 FY26)[3]
Number of employees
1,700 [3] (December 2025)
Subsidiaries
RatingA1+ (CRISIL)[4]
A1+ (ICRA)[5]
Websitewww.360.one


360 ONE WAM Limited is an Indian financial services company based in Mumbai.[6][7][8] Established in 2008, the company operates in the wealth and asset management sectors. The firm's business divisions comprise investment banking, institutional broking, and portfolio management services. As of 2025, the company reported assets under management (AUM) of approximately ₹7.11 lakh crore (US$79 billion).[3][9][10] It operates through 27 offices in India and has a presence in five other countries.[11]





History[edit | edit source]


The company was incorporated on 17 January 2008 as IIFL Wealth Management Limited, a subsidiary of IIFL Holdings.[12][13][14] In its early years, the firm transitioned to a fee-based advisory structure.[15]

In 2014, the company acquired a majority stake in India Alternatives Investment Advisors Pvt Ltd,[16] a private equity advisory firm.[17]

In October 2015, General Atlantic acquired a 21.6% stake in the firm for approximately ₹1,122 crore (US$131 million).[18][19][20] In 2018, the company raised ₹745 crore (US$87 million) from investors including General Atlantic.[21][22]

In 2018, it purchased Chennai-based Wealth Advisors India for ₹235 crore (US$27 million).[23] In 2019, the company demerged from IIFL Holdings to become an independent entity, listing on the NSE and BSE on 19 September 2019.[24][25] In 2020, it acquired L&T Capital Markets, a subsidiary of L&T Finance Holdings, for ₹2.3 billion, adding ₹100 billion in AUM.[26][27]

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.[28] In November 2022, the firm rebranded as 360 ONE, renaming its divisions as 360 ONE Wealth and 360 ONE Asset.[29][6]

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.[11][30][31][7] In April 2025, 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.[32]



Operations and structure[edit | edit source]


The group's operations are divided into several units managed through specialised subsidiaries.[33] The wealth management division handles investment advisory and estate planning via 360 ONE Distribution Services and 360 ONE Portfolio Managers,[33] while lending services are provided by 360 ONE Prime. The asset management arm, comprising 360 ONE Asset Management and 360 ONE Alternates, oversees public and private market investments.[34] Following the 2024 acquisition of ET Money, the company manages mutual fund distribution through digital channels. Institutional operations are conducted via 360 ONE Capital Market and 360 ONE Treasury Solutions.[35]



Collaborations and publications[edit | edit source]


The firm periodically publishes reports on wealth trends. Notable publications include The Wealth Index, produced with Wealth-X (2018)[36] and CRISIL (2024),[37][38] and various annual rich lists compiled with Hurun India between 2019 and 2023.[6]



References[edit | edit source]




    

  1. ↑ 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.

    2. 

  2. ↑ "Private Bankers Ride India's Wealth Boom to $600 Million Fortune". bloomberg.

    3. 

  3. ↑ 3.0 3.1 3.2 3.3 "Wealth management firm sees 20% profit rise on growth in ARR AUM". CNBC TV18.

    4. 

  4. ↑ "Rating Rationale". CRISIL. Retrieved 2 April 2025.

    5. 

  5. ↑ "360 One WAM Limited - ICRA". icra.in. ICRA Limited. Retrieved 2 April 2025.

    6. 

  6. ↑ 6.0 6.1 6.2 Paul, Sidhanth. "Nuvama or 360 One: Who's Ahead in Wealth Management?". Capitalmind. Retrieved 2 April 2025.

    7. 

  7. ↑ 7.0 7.1 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.

    8. 

  8. ↑ "UBS Nears Deal With India Wealth Firm 360 One to Spur Growth". Retrieved 2 April 2025.

    9. 

  9. ↑ "Beyond the rally: Is 360 ONE WAM just getting started?". The Indian Express. 5 August 2025. Retrieved 14 March 2026.

    10. 

  10. ↑ "Bain-Backed 360 One's Co-CEO Taparia to depart amid wealth management boom". Business Standard India.

    11. 

  11. ↑ 11.0 11.1 "Bain Capital-backed 360 One WAM to buy B&K Securities for $218 mn". VCCircle. Retrieved 2 April 2025.

    12. 

  12. ↑ "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.

    13. 

  13. ↑ Sarkar, Arundhati (20 June 2018). "IIFL Wealth Raises Funds To Grow Asset Management, NBFC Businesses". BloombergQuint.[dead link]

    14. 

  14. ↑ "IIFL Holdings to demerge capital, wealth, finance business in one year". The Times of India. 4 February 2018.

    15. 

  15. ↑ Layak, Suman (1 July 2018). "India's mega rich are swelling. How the wealth management industry is refashioning itself to adapt". The Economic Times.

    16. 

  16. ↑ Allirajan, M. (7 April 2014). "IIFL Wealth Management acquires India Alternatives". The Times of India.

    17. 

  17. ↑ "IIFL Wealth Management acquires India Alternatives Private Equity Fund". The Times of India. 7 April 2014.

    18. 

  18. ↑ "General Atlantic to buy 21.6% stake in IIFL Wealth for Rs 1,122 cr". Business Standard. Mumbai. 24 October 2015.

    19. 

  19. ↑ Sanjai, P.R. (24 October 2015). "GA to buy 21% in IIFL Wealth for Rs1,122 crore". Livemint.

    20. 

  20. ↑ 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.

    21. 

  21. ↑ Raghavanaghavan, Ranjani (19 June 2018). "IIFL Wealth raising $110 mn from Ward Ferry, General Atlantic and others". VCCircle.

    22. 

  22. ↑ "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.

    23. 

  23. ↑ Mahesh, Prashant (16 October 2018). "IIFL Wealth Management acquires Wealth Advisors". The Economic Times.

    24. 

  24. ↑ "BSE India". Retrieved 13 November 2020.

    25. 

  25. ↑ "NCLT approves demerger of IIFL Group into 3 entities". The Economic Times. 15 March 2019.

    26. 

  26. ↑ "IIFL Set To Acquire L&T Finance's Wealth Management Arm For Rs 250 Crore". Bloomberg Quint. 23 August 2019.

    27. 

  27. ↑ "IIFL completes acquisition of L&T Finance's wealth management business". Moneycontrol. 24 April 2020.

    28. 

  28. ↑ "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.

    29. 

  29. ↑ "IIFL Wealth, Asset Management to rebrand itself as 360 ONE". The Economic Times. 17 November 2022. ISSN 0013-0389. Retrieved 2 April 2025.

    30. 

  30. ↑ Narayanan, KS Badri (27 January 2025). "360 One WAM to acquire B&K Securities for ₹1,884 crore". BusinessLine. Retrieved 2 April 2025.

    31. 

  31. ↑ "360 ONE's B&K deal may narrow its valuation premium over Nuvama Wealth". Mint.

    32. 

  32. ↑ "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.

    33. 

  33. ↑ 33.0 33.1 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.

    34. 

  34. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 14 March 2026.

    35. 

  35. ↑ Joshi, Manish (14 June 2024). "360 ONE WAM-ET Money: A win-win deal | Stock Market News". mint. Retrieved 14 March 2026.

    36. 

  36. ↑ "360 ONE Wealth launches Wealth Index". BusinessLine. 12 November 2024. Retrieved 14 March 2026.

    37. 

  37. ↑ "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.

    38. 

  38. ↑ "93% of richest Indians' wealth linked to listed firms: 360 ONE report". The Financial Express. 18 June 2025. Retrieved 14 March 2026.

    39. 



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