360 One WAM
Wealth management firm (e. 2008)
From Wikipedia, the free encyclopedia
360 ONE WAM Limited is an Indian financial services group headquartered in Mumbai.[4][5][6] Established in 2008, the company operates in the wealth and asset management sectors. Its activities include investment banking, institutional broking, and portfolio management services. As of late 2025, the company managed approximately ₹7.11 lakh crore (US$79 billion) in assets[1] for over 8,500 clients.[7][8] The firm operates through 27 offices in India and has operations in five other countries.[9]
| |
| Formerly | IIFL Wealth |
|---|---|
| Company type | Public |
| Industry | Wealth management, asset management |
| Founded | 2008 |
| Founders |
|
| Headquarters | , |
Area served | Worldwide |
Key people | Karan Bhagat (Founder, Managing Director and CEO) Yatin Shah (Co-founder, 360 ONE and CEO of 360 ONE Wealth) |
| Revenue | ₹826 crore (US$98 million)[1] (Q3 FY26) |
| AUM | ₹7.11 lakh crore (US$84 billion) (Q3 FY26)[1] |
Number of employees | 1,700 [1] (December 2025) |
| Subsidiaries | See § Subsidiaries |
| Rating | A1+ (CRISIL)[2] A1+ (ICRA)[3] |
| Website | www |
History
360 ONE WAM Limited was incorporated on 17 January 2008 as IIFL Wealth Management Limited, a subsidiary of IIFL Holdings.[10][11][12] Early in its operations, the firm moved from a commission-based model to a fee-based advisory structure, anticipating subsequent SEBI regulations that prohibited upfront commissions. In October 2015, General Atlantic acquired a 21.6% stake in the firm for approximately ₹1,122 crore.[13][14] This was followed by an additional ₹745.71 crore (US$87 million) funding round in June 2018.[15] In 2019, the company demerged from IIFL Holdings to become an independent entity, listing on the NSE and BSE on 19 September 2019.[16][17]
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.[18] In November 2022, the firm rebranded as 360 ONE, renaming its divisions as 360 ONE Wealth and 360 ONE Asset.[19][20] In April 2025, the company entered a strategic collaboration with UBS. As part of the agreement, 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.[21]
Operations
360 ONE Wealth is the group's wealth management division, focusing on high-net-worth individuals and family offices.[22] Its activities include investment advisory, estate planning, lending, and corporate treasury functions. The division also maintains a securities brokerage license and the 360 ONE Wealth Open platform. The 360 ONE Asset and 360 ONE Alternate Asset units oversee investments in public equities, private equity, private credit, and real estate.[23] In 2024, the group entered the retail digital segment through the acquisition of ET Money, a platform for mutual fund distribution. Institutional operations, including investment banking, are conducted through 360 ONE Capital, formerly Batlivala & Karani.[24]
Board of directors
The board of directors of 360 ONE WAM is chaired by Akhil Gupta, who serves as an independent director.[21] The company's managing director is Karan Bhagat, while Yatin Shah sits on the board as a non‑executive director.[25][26] Other independent directors include Pierre De Weck, Revathy Ashok, and Sandeep Tandon. Saahil Murarka serves as a non‑executive director, and Pavninder Singh and Rishi Mandawat of Bain Capital hold positions as nominee directors.[27]
Expansion
In 2014, the company acquired a majority stake in India Alternatives Investment Advisors Pvt Ltd,[28] a private equity advisory firm.[29] In 2018, it purchased Chennai-based Wealth Advisors India for ₹235 crore (US$27 million).[30] In 2020, it acquired L&T Capital Markets, a subsidiary of L&T Finance Holdings, for ₹2.3 billion, adding ₹100 billion in AUM.[31][32] 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.[33][34][35][36]
Collaborations and publications
The firm has partnered with research organizations to publish reports on wealth and investment trends. In 2018, it collaborated with Wealth-X on The Wealth Index.[37] Between 2019 and 2023, it worked with Hurun India on annual rich lists.[38] In 2024, it launched a new edition of The Wealth Index with CRISIL,[39] followed in 2025 by The 360 ONE Wealth Creators List, also in association with CRISIL.[40]
Financial backing
In 2015, private equity firm General Atlantic acquired a 21.61% stake in the company for ₹1,122.34 crore (US$131 million).[41][42] In 2018, the company raised ₹745.71 crore (US$87 million) from investors, including General Atlantic.[43] In 2022, Bain Capital acquired nearly 25% of the company's shares.[44] The company launched a qualified institutional placement (QIP) to raise ₹2,250 crore. As part of the offering, the company issued approximately 22.2 million new equity shares to qualified institutional investors.[45]
Rankings
Subsidiaries
- 360 ONE Distribution Services Limited
- 360 ONE Portfolio Managers Limited
- 360 ONE Prime Limited
- 360 ONE Investment Adviser & Trustee Services Limited
- 360 ONE Asset Management Limited
- 360 ONE Alternates Asset Management Limited
- 360 ONE Asset Trustee Limited
- 360 ONE Global Asset Management (IFSC) Limited (Wholly owned subsidiary of 360 ONE Asset Management Limited)
- 360 ONE IFSC Limited
- 360 ONE Capital Market Private Limited
- (Formerly known as Batlivala & Karani Securities India Private Limited
- 360 ONE Treasury Solutions Private Limited
- (Formerly known as Batlivala & Karani Finserv Private Limited)
- 360 ONE Foundation
- 360 ONE Capital Pte. Ltd.
- B&K Securities Pte. Ltd. (Wholly owned subsidiary of 360 ONE Capital Market Private Limited*
- 360 ONE Private Wealth (Dubai) Limited
- 360 ONE Capital (Canada) Limited
- 360 ONE Inc
- 360 ONE Asset Management (Mauritius) Limited
