Equirus announced merger with Sapient Finserv to create Rs35000 cr. AUM . Equirus Wealth is now India’s top 10 non-bank independent wealth management firm.
Equirus Group has entered into a strategic partnership with Sapient Finserv, independent wealth managers, in an equity swap deal that will create a combined platform that ranks among the top 10 non-bank independent wealth managers in India.
The landmark move for India’s wealth management industry will significantly expand Equirus group’s footprint in wealth management and family office services, with combined Assets Under Management (AUM) reaching INR 35,000 crore.
As part of the merger, Amit Bivalkar, Founder and Pallav Bagaria, Director and Co-founder at Sapient Finserv Group, will join the Leadership Team and Board of Equirus Wealth. This is Equirus Group’s 3rd M&A transaction in the last 12 months, following Raghnall Insurance Broking and Credence Family Office.
