Nuvama Group
Nuvama Wealth and Investment Limited (Formerly Edelweiss Broking Limited) is a part of India’s largest wealth management platforms, servicing over 2,400 of India’s wealthiest families as well as ~670,000 affluent and high net-worth individuals. This presently includes Investment Management, Mutual Fund Distribution, Research Analysis, Stock Broking, Clearing and Custody business, Portfolio Management business, Depository participant, Debt Syndication; Securities trading and advisory. The business is spread across India and abroad in countries like Singapore, Hong Kong, USA and UK.
Our Company is a wholly owned subsidiary of Nuvama Wealth Management Limited (NWML) (Formerly Edelweiss Securities Limited), our Promoter. PAGAC Ecstasy Pte. Limited (PAGAC), the promoter of NWML has also been categorized as the Promoter of our Company. Pacific Alliance Group (PAG), one of the largest Asia focused alternative investment manager, has acquired controlling stake of NWML in the Fiscal Year 2020-2021.
PAG is one of the world’s largest Asia-focused private investment firms, with a unique, best-in-class platform and an unparalleled network of investment professionals. PAG has delivered value to investors by partnering with exceptional companies to help them maximize their potential. The firm invests globally with a primary focus on Asia. It is supported by a team of more than 200 investment professionals in 11 offices in Asia and around the world. PAG currently manages US$40 billion in assets on behalf of more than 150 leading institutional investors from Europe, North America, Asia and the Middle East. PAG has invested over US$50 billion across Asia and is exclusively dedicated to the region.