Nuvama Wealth Management Limited was formerly known as Edelweiss Securities Limited and changed its name to Nuvama Wealth Management Limited in **August 2022**. The company was incorporated in **1993** and is based in Mumbai, India. Nuvama Wealth Management Limited is an India-based holding company. The Company's subsidiaries include Nuvama Clearing Services Limited, Nuvama Financial Services Inc., Nuvama Wealth Finance Limited, Nuvama Wealth and Investment Limited, Nuvama Asset Management Limited, and others.
Nuvama Wealth Management Limited engages in **wealth management, asset management, and capital markets businesses in India**. The company provides debt advisory and clearing services, as well as portfolio management and investment advisory services. It is also involved in institutional and retail securities broking business, distribution of financial products, lending against securities, and investment management business for alternative investment funds.
The company operates through multiple business segments that cater to different client needs. NWML is registered as a Trading cum Clearing Member with the NSE, BSE, MSEIL, MCX, NCEIL, and is involved in the business of broking and trading in equity securities for institutional and non-institutional clients. It is registered with SEBI to carry on business as a Research Analyst, Investment Adviser, and Merchant Banking.
Nuvama caters to a wide clientele comprising leading domestic and international institutional investors, including Pension Funds, Hedge Funds, Mutual Funds, insurance companies, and banks. Nuvama focuses on **affluent, HNI (High Net Worth Individual), and UHNI (Ultra High Net Worth Individual) clients**, catering to approximately **1.2 million affluent and HNI clients and 3,600+ families as of March 2024**.
The company offers distribution services for a wide range of financial products, including mutual funds, insurance products, fixed income products, mortgages and loans, portfolio management schemes, alternative investment funds, structured products, and IPOs to clients. The company provides a margin trading facility to brokerage clients for leveraging their eligible collaterals by funding their requirements in the cash delivery segment of equities. Such funding is subject to exposure against margins that are mandated by the stock exchanges, with the securities forming a part of the collateral for such funding.
Nuvama Wealth has a **market capitalization of ₹26,143 Crore (up 52.2% in 1 year)**, a revenue of ₹4,158 Crore, and a profit of ₹985 Crore. Nuvama Wealth Management Ltd's revenue jumped **21.48%** since the last year same period to **₹1,128.53 Crore** in Q4 FY2024-2025. Nuvama Wealth Management Ltd's net profit jumped **41.31%** since the last year same period to **₹255.41 Crore** in Q4 FY2024-2025.
The company has demonstrated strong financial performance across quarters:
* Revenues: **₹320 Crore in Q1 FY25**, grew by 18% YoY.
* PBT: **₹104 Crore in Q1 FY25**, grew by 11% YoY.
* Client Assets – Q4 FY25: **₹4.3+ Trillion**, Revenue – Q4 FY25: **₹771 Crore**, Operating PAT – Q4 FY25: **₹255 Crore**.
* Profit margins improved significantly, with a profit after tax of **₹986 Crore** and ROE rising from 23.6% to 31.5%.
**Pacific Alliance Group (PAG)**, one of the largest Asia-focused alternative investment managers, acquired a controlling stake in NWML in FY 2020-21. The company launched its asset management business in **2021**, focusing on alternative investment strategies across Private Markets, Public Markets, and Commercial Real Estate.
In 2022-23, pursuant to a Scheme of Arrangement with Edelweiss Financial Services Limited (EFSL) and the Company, the Wealth Management business of EFSL was demerged into the Company, and the Scheme became effective from **May 18, 2023**. The company launched a **commercial real estate fund** through a 50:50 Joint Venture entity with Cushman and Wakefield as a partner in 2024. It further launched a multi-fund digital onboarding solution for PMS and AIF clients.
Nuvama oversees **₹3,45,957 Crore of client assets** and caters to a diverse set of clients, including approximately **1.2 lakh affluent and HNIs and 3,600 of India's most prosperous families**, as of the end of FY24. Client Assets: **₹2,74,124 Crore** as at the end of Q1 FY25, grew by 35% YoY.
The company has been expanding its reach through strategic hiring and geographic expansion. The company added **67 Relationship Managers (RMs) in Q1 FY25 and 350+ in the last 12 months**, deepening its presence. The company increased RMs by approximately 15% YoY, improved penetration in existing cities, and added 4 new cities beyond Tier 1 in the last 12 months.
The Nuvama Wealth Management Ltd's **52-week high share price is ₹7,647.95**, and its **52-week low share price is ₹4,120.00**. **100% of analysts recommend a 'BUY' rating** for Nuvama Wealth Management Ltd, with an average target price of ₹8405.
Promoter Holding: **54.8%**, and the stock is trading at **7.48 times its book value**. In the quarter ending March 2025, Nuvama Wealth Management Ltd declared a **dividend of ₹69**, translating to a dividend yield of 2.94%.
The company continues to strengthen its market position through strategic investments and operational efficiency improvements, positioning itself well for sustained growth in India's evolving wealth management landscape.
