Nuvama Aims To Triple Client Assets To Rs 6 Lakh Cr By 2028

Nuvama, on Thursday announced  that it aims to triple both, its client assets to Rs 6 Lakh Cr (USD 80 Bn) and client base by 2028. Over the last five years, the company has grown its client assets at a CAGR of 27 per cent.

Commenting on the business expansion plan, Ashish Kehair, MD & CEO, Nuvama, said, “The digitalisation of the economy, rising income levels, increasing affluence and entrepreneurial trend in tier II and tier III cities have contributed to a rapid emergence of a new class of wealthy Indians, a segment we believe is poised to grow exponentially in the next decade."

He further added that our mission is to provide solutions and high-quality advisory to our Indian and global clientele, for their wealth management and financial needs. We serve across the middle and upper tiers of the affluence pyramid, as well as institutions and corporates through our comprehensive and integrated platform.

Nuvama, currently has reach in over 100 cities in India with more than 1000 relationship managers. Its growth over the years is a strong affirmation of the quality of business that has been built to scale.