GIFT City Expansion: Anand Rathi Secures Approval for New Fund Management Arm

Jyoti Rathi - Kolkata Bureau Jul 16, 2026 1,150 Views

Anand Rathi Wealth Limited has received in-principle approval from the IFSCA to register its subsidiary, Anand Rathi FME (IFSC) Private Limited, as a Fund Management Entity in GIFT City. This regulatory milestone allows the firm to proceed with final registrations to expand its global fund management and investment services.

Anand Rathi Wealth Limited has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to register its wholly owned subsidiary, Anand Rathi FME (IFSC) Private Limited, as a Fund Management Entity (Non-retail) at GIFT City, Gujarat.

Key Developments

Regulatory Milestone: The approval from the IFSCA marks a significant step for the company in expanding its footprint within the International Financial Services Centre (IFSC) ecosystem.
Next Steps: Following this in-principle approval, the subsidiary will undertake necessary operational, capital, and regulatory requirements prescribed by the IFSCA to obtain a final certificate of registration.
Future Operations: Once final registration is secured, the entity intends to commence business activities related to fund management. The exact timeline for the start of operations remains subject to these final regulatory clearances and compliance with applicable laws.

Strategic Context

Anand Rathi Wealth Limited has been actively scaling its presence in GIFT City to cater to a diverse clientele, including Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and institutional investors. The firm already operates other entities in the region, such as Anand Rathi International Ventures (IFSC) Private Limited, which provides services including global stock trading and investment solutions.

This latest move to establish a dedicated Fund Management Entity (FME) aligns with the company's broader objective to enhance its global investment offerings, including the management of Alternate Investment Funds (AIFs) and other international investment vehicles.

Official Source

The company formally notified the stock exchanges (BSE and NSE) regarding this in-principle approval on July 16, 2026.

Disclaimer: The commencement of operations is subject to receipt of the final registration from IFSCA and compliance with all applicable regulations.

Source: Anand Rathi Wealth Limited - Intimation of Receipt of In-principle Approval from IFSCA (July 16, 2026)