History
360 ONE WAM Limited was incorporated on 17 January 2008 as IIFL Wealth Management Limited, a subsidiary of IIFL Holdings. [12] [13] [14] 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. [15]
In 2014, the company acquired a majority stake in India Alternatives Investment Advisors Pvt Ltd, [16] a private equity advisory firm. [17]
In October 2015, General Atlantic acquired a 21.6% stake in the firm for approximately ₹1,122 crore (US$131 million). [18] [19] [20] In 2018, the company raised ₹745 crore (US$87 million) from investors including General Atlantic. [21] [22]
In 2018, it purchased Chennai-based Wealth Advisors India for ₹235 crore (US$27 million). [23] In 2019, the company demerged from IIFL Holdings to become an independent entity, listing on the NSE and BSE on 19 September 2019. [24] [25] In 2020, it acquired L&T Capital Markets, a subsidiary of L&T Finance Holdings, for ₹2.3 billion, adding ₹100 billion in AUM. [26] [27]
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. [28] [29] In November 2022, the firm rebranded as 360 ONE, renaming its divisions as 360 ONE Wealth and 360 ONE Asset. [30] [31]
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. [32] [33] [34] [35] In April 2025, 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. [36]
Operations
360 ONE Wealth is the group's wealth management division, focusing on high-net-worth individuals and family offices. [37] 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. [38] 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. [39]
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