They used to be a part of edelweiss before they had a demerger. They believe that in their business of wealth management trust is of utmost importance. Indias wealth management industry is on what they believe to be on the cusp of a turnaround to became way bigger. India is still considered as one of the fastest growing economies and with rapid urbanisation and all of that stuff the average household saving are also supposed to grow. With increasing foreign interest their is an expectation that they rate of wealth creation will be faster then most of the foreign ones. India also has a healthy savings rate of 30 percent of their GDP. With improving access and awareness of investors it is expected that there is going to be a boom in the amount of money invested. While financial services as a percent of household savings has grown by a lot there is still a lot more of opportunity to go. Financial savings and shares and debentures savings have grown faster than overall savings. With the people of India wealth growing by a lot there is expected to be a change from un professional advice to professional advice for wealth management as the penetration in India of professional advice is 15 percent while in matured markets it is 75 percent. With the wealth rising in tier 2 cites and 3 cities as well and since that part is under penetrated they would also want the same type of wealth advice that investors in tier 1 cities get. This leaves a lot of space for growth. There is a lot more choices for investors because of the amount of new things from things liked fixed deposits to mutual funds and stuff like that. They are one of the leading wealth management companies in India with them managing over 3.5 trillion rupees and they have PAG as their promoter which is also one of the leading wealth managing companies in the APAC region. They serve mostly the high net worth individuals and families compared to angel one which serves the retail managers. They have a lot of services and this means that they have the right service for most clients that come through them. Their revenue from all three of their different streams have grown in the last 4 years and the diversification means that they can absorb some of the risks incase one of their revenue streams goes down. They invested in technology so that they can save time and improve efficiency. Their 3 business that they have build up are Wealth management, Asset management and Capital Markets. Fy 23 to 24 was a tough one for the global economy but India remained one of the stronger economies. Nuvama saw a good amount of growth. 4 of the wealth creating opportunities provided by the Indian market right now is Strong domestic consumption, Continued adoption of digital payments and e commerce. Investments in all types of infrastructure and flourishing start up ecosystem. All of this is good for Nuvama because as savings and wealth grows companies and individuals will need better wealth management advice from professionals. On the way forward they will focus on capacity enhancement and franchise proposition. Their client base comprises of salaried and affluent individuals, small business owners, entrepreneurs, promoters, corporate and institutional investors. From 2021 to 2024 they have grown grown their clients asset by 30 percent CAGR and their revenue by 27 percent CAGR and their profitability by 44 percent CAGR. Wealth management in India provides a significant opportunity because of the under penetration of managed wealth compared to mature markets. Their wealth segment has delievered a CAGR of over 90 percent in the last 4 years. Their asset management business is the newest of their business and they have launched several products in private market and public market. After fy 24 they had 70 billion rupees under management. They also had a real estate commercial joint venture split 50 to 50 with Cushman and Wakefield that has already gained credibility in the market in the brief period of time. Their capital market business offers products in investment banking, Institutional equities and asset services. In fy 25 for wealth management they would be looking to Build capacity, increase annuity based products, build offshore and NRI segments. For their asset management they would be looking to Scale existing strategies, seed new strategies and build track record across asset-classes. And or their Capital Market they are looking to Grow Asset Services and improve market share for Institutional Equities and Investment Banking. Their offering include third parties and their own in house offerings. For their wealth management they offer a lot of financial products like mutual funds, alternative portfolio management services and fixed income among others. They also offer investment Advisory services. They also help with a smooth transfer of wealth for generations to come. They also offer family offices solutions. For their asset management business they offer, private markets, late stage private equity, venture debt and public market. Their strategies are long term, absolute return, small and mid cap and commercial real estate. For nuvama capital management they offer solutions such as research and insights into companies, seamless and easy trade execution. Because of the type of market there is they are well aware of the importance of digitisation. For the ease of customers they have one digital platforms that covers all of their business verticals. They also have mobil apps like nuvama markets which provides a trading app and nuvama private which is for their UHNI customers. To add to this they also have a WhatsApp bot to offer instant replies to clients. Their operating efficiency has also been improved by a lot thanks to tech. To further build their platform they plan to expand their automation, enable digital payments and client awareness programmes. They also have a very strong customer and client centric approach and they take into consideration most of the feedback that clients offer. The Indian economy Is expected to fare better then the global economy due to various factors and despite fy 24 being a great year there was one weak part of the Indian economy and that was consumption. Despite amazing growth already the penetration in the Indian market for asset management and wealth management and stuff like that is quite low. The top 5 things that are going to keep the wealth management industry growing is rise in income and the number of wealthy people, Growth beyond the top 8 cities, fast evolving regulations, Digital innovation and redefined business operation models. The Indian asset management industry has also seen exponential growth in the last 2 decades thanks to the introduction of other products such as PMS and mutual funds. Alternative asset class have also kept up with this growth.