Issuer Overview
360 ONE WAM Limited is one of the leading wealth and asset management companies (Source: CareEdge Report). It is a holding company with subsidiaries engaged in wealth and asset management services including financial asset distribution, broking, lending, credit and investment solutions and asset and portfolio management.
The 360 ONE Group mainly acts as a wealth manager. It provides financial products distribution, transaction advisory, asset management, portfolio management, lending, credit and investment, and trustee services by mobilising funds and assets of various classes of investors including HNIs and ultra-HNIs.
It enjoys robust backing from institutional shareholders and has demonstrated a consistent ability to secure capital as needed. As of Sep’23, its net worth stood at ₹ 3,264.90 Cr. The capitalization has been fortified through periodic equity injections, with notable including ₹750.00 Cr. in FY19 from General Atlantic, Steadview Capital, HDFC Life and others.
The consolidated AUM includes annual recurring revenue assets, transactional or broking revenue assets and custody AUM) of 360 ONE WAM Limited was ₹ 4,12,549.19 Cr. as of Sep’23.
It has sustained growth and momentum within its wealth and asset management business, consequently contributing to enhanced profitability. In FY23 it reported a profit after tax of ₹ 657.89
Cr. achieved against a total income of ₹ 2,063.78 Cr. Notably, the cost-to-income ratio exhibited a favourable trend, decreasing from 51.07% in FY22 to 45.80 % in FY23.
Industry
Financial ServicesFF