Anand Rathi Wealth Limited stands as one of India's leading wealth solution providers, offering objective-driven and data-backed wealth solutions to High Net-worth Individuals (HNIs) and Ultra High Net-worth Individuals (UHNIs). The company was originally incorporated as Hitkari Finvest Private Limited on March 22, 1995, and underwent several name changes before becoming Anand Rathi Wealth Limited on January 7, 2021. The company went public in December 2021 through an Initial Public Offering, raising ₹659.38 Crore by issuing 12 million equity shares.
The company began operations as a mutual fund distributor registered with AMFI and has since carved a niche as a wealth solutions provider for HNIs and UHNIs in India. It has extended its services to the non-resident Indian (NRI) community from its representative office in Dubai. The firm's extensive network of Relationship Managers covers all major Indian cities, ensuring objective-based and standardized solutions to meet clients' financial aspirations.
Anand Rathi Wealth Limited has a market capitalization of ₹17,501 Crore as of the latest available data. The company is part of the Anand Rathi Group, established in 1994, which provides a range of Investment Services across asset classes, including Private Wealth, Institutional Equities, Investment Banking, Insurance Broking, and NBFC with a total AUM of ₹77,103 Crore as of FY25.
For the fiscal year 2025, the company demonstrated robust financial performance. Revenue stood at ₹241.39 Crore as of March 2025 (Q4 FY25) with a net profit of ₹73.74 Crore. The company achieved a 30% year-on-year revenue growth, reaching ₹981 Crore, and a 33% increase in profit after tax to ₹301 Crore for the full year.
For Q1 FY25, the company reported impressive results with consolidated net profit jumping 38% to ₹73.4 Crore compared to ₹53.2 Crore in Q1 FY24, while revenue from operations increased 35.76% year-on-year to ₹237.61 Crore.
The company's flagship Private Wealth (PW) vertical is pivotal in their service offering, managing assets worth ₹75,291 Crore as of March 31, 2025. Asset under management (AUM) stood at ₹77,103 Crore in Q4 FY25, registering a growth of 30% compared to ₹59,351 Crore in Q4 FY24.
The company has built a substantial client base, with the addition of 471 client families in Q1 FY25, crossing the milestone of 10,000 client families. The company maintains an impressive client retention rate, with client attrition rate measured by AUM lost standing at just 0.52% in FY25.
The company works with high and ultra-high net worth individuals (HNIs and UHNIs) to facilitate their investments in financial instruments through its flagship Private Wealth (PW) vertical, which provides solutions through an objective-driven process. Its Digital Wealth (DW) vertical is a fintech expansion addressing the market's wealthy sector with a wealth solution delivered through a phygital channel, combining human contact and technology.
The company distributes equity and debt mutual funds, non-principal protected structured products, and other financial products while operating a technology platform for financial advisors that includes client reporting, business dashboard, client engagement, online mutual fund transactions, and goal planning products.
The company has been expanding its geographical presence, adding four new cities in 2022 (Ahmedabad, Vishakhapatnam, Coimbatore, and Nagpur) and further expanding to Lucknow and Jabalpur in 2024. The company's board elevated Feroze Azeez to joint chief executive officer (CEO) from Deputy CEO with effect from April 10, 2025.
In terms of corporate actions, the company successfully completed a buyback of ₹164.65 Crore (excluding charges and taxes) in June 2024. The company has fixed May 9, 2025, as the record date for a final dividend of ₹7 per equity share for FY 2025.
The stock has a P/E ratio of 58.4, book value of ₹81.2, dividend yield of 0.50%, ROCE of 56.3%, and ROE of 45.3%. The company has delivered good profit growth of 37.3% CAGR over the last 5 years and maintains a healthy dividend payout of 31.5%.
For the second consecutive year, regret RM attrition remained below 1%, reflecting the strength of the company's work culture and ongoing focus on long-term team engagement. The company is among only six companies that have delivered over 20% year-on-year growth every quarter since its listing in December 2021.
