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360 ONE WAM Limited

360ONE

BSE
NSE

Wealth & Asset Management

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NSE / BSE

About

360 ONE WAM Limited

Company Overview

360 One WAM is an Indian wealth and asset management company headquartered in Mumbai, India. Founded in 2008, it provides financial services, including wealth management, asset management, portfolio management, corporate treasury solutions, and lending. The company operates in five countries and has 27 offices across India. As of March 2025, 360 ONE WAM had assets under management (AUM) of over ₹5.81 lakh crore (US$68 billion) and had more than 7,500 clients, including individuals and institutions.

360 One Wam Limited (Earlier known IIFL Wealth Management Limited / IIFLW) was incorporated as a Public Limited Company on 17 January 2008. The name of the Company was changed from IIFL Wealth Management Limited to 360 One Wam Limited effective from 5 January 2023. The company has transformed from a commission-based structure to a sophisticated fee-based advisory model, establishing itself as one of India's most trusted wealth management firms.

Business Model and Services

360 ONE operates through multiple segments including Wealth Management with Discretionary/Non-Discretionary Advisory, Lending Solutions, estate planning, Financial product distribution, Transaction and Product distribution, Corporate Treasury Services, etc. It has ~7200 clients. It also has an HNI segment of Rs. 5 Crs - 25 Crs.

The company's wealth management division provides comprehensive solutions to Ultra-High Net Worth Individuals (UHNIs) and High Net Worth Individuals (HNIs). 360 One Plus provides portfolio solutions to its clients either through discretionary, non-discretionary or advisory propositions. Its offerings range from direct equities to managed solutions (Mix of MFs & ETFs) as well as bespoke solutions that offer customized portfolios in adherence to acceptable instruments and selected investment approaches.

It also offers lending solutions to its clients for their short-term capital requirements. As of Q1 FY25, its loan book is at 6,845 Cr with having serviced over 1000 clients. The company has diversified its offerings to include brokerage services across equities, fixed income, commodities, and currencies.

Financial Performance

Key Financial Metrics (March 2025)

- Market Cap: ₹50,332 Crore (up 29.1% in 1 year)

- Revenue: ₹3,295 Cr

- Profit: ₹1,015 Cr

- Revenue: ₹921.69Cr as on March 2025 (Q4 FY25)

- Net Profit: ₹249.60Cr as on March 2025 (Q4 FY25)

Annual Performance (FY 2025)

- Net profit rose 26.25% to Rs 1015.30 crore in the year ended March 2025 as against Rs 804.21 crore during the previous year ended March 2024.

- Sales rose 31.46% to Rs 3295.09 crore in the year ended March 2025 as against Rs 2506.46 crore during the previous year ended March 2024.

The company has demonstrated strong financial growth with robust financial performance, highlighted by a 28.2% year-over-year growth in annual recurring revenue, reaching Rs 1,701 Crores, and a record profit after tax of Rs 1,015 Crores.

Shareholding Pattern

Promoter holding in 360 ONE WAM Ltd has gone down to 14.20 per cent as of Mar 2025 from 15.71 per cent as of Sep 2024. This reduction in promoter holding indicates continued institutional interest and expansion of the shareholder base.

Recent Strategic Developments

UBS Partnership

UBS announces today that it has entered into an exclusive strategic collaboration with 360 ONE WAM Ltd ("360 ONE"), one of India's largest independent wealth and asset management firms. This strategic collaboration combines UBS's global and regional expertise with 360 ONE's local knowledge and reach to deliver enhanced benefits to clients, representing a significant advancement in UBS's global Indian wealth management business.

As of December 31, 2024, the active assets under management (AUM) of the acquired division stood at around ₹26,000 crore. The transaction is valued at ₹307 crore. This partnership significantly enhances 360 ONE's capabilities in serving global Indian clients.

ET Money Acquisition

In 2024, the company announced the acquisition of ET Money, a wealth-tech platform, for ₹3.7 billion. ET MONEY is one of India's biggest SEBI-registered Investment Advisors by number of clients and among the largest non-brokerage Digital Platforms for Wealth Management. ET Money has 9 lakh+ transacting clients with more than 1 lakh revenue-generating users.

Product Innovation

The Company launched the 360 ONE Flexicap Fund in the mutual fund space, an open-ended equity scheme investing across large-cap, mid-cap, smallcap stocks. It also launched the 360 ONE Balanced Hybrid Fund; and the 360 ONE Special Opportunities Fund - Series 12 (SOF-12), India's first Secondaries Fund which garnered significant investor traction in 2024.

Assets Under Management

As of H1 FY25, the total AUM under this vertical grew to 3,19,000 Cr while servicing more than 7,500 clients. The company has shown impressive growth in asset management, with 360 ONE Asset's total AUM reached ~79,600 Cr as of Q1 FY25.

Awards and Recognition

The firm has won more than 170 reputed awards in the last 17 years, and its latest wins include India's Best Wealth Manager at Euromoney Private Banking Awards 2025 and Best Private Bank, India at the Asian Private Banker Awards for Distinction 2024 for the second year in a row. These accolades reinforce the company's position as a market leader in wealth management services.

Investment Outlook

360 ONE WAM Ltd target price ₹1190.8, a slight upside of 4.41% compared to current price of ₹1140.5. The company continues to demonstrate strong fundamentals with projected recurring revenues of Rs 50-52 Crores. The company aims for a 12-15% annual increase in AUM and a revenue growth target of 15-20% for FY26, while also addressing operational efficiencies and talent retention to support its ambitious growth strategy.

360 ONE WAM stands as India's premier wealth management company, combining traditional advisory excellence with innovative digital platforms to serve the evolving needs of India's affluent population. The company's strategic partnerships, strong financial performance, and commitment to innovation position it well for continued growth in India's expanding wealth management sector.