Japan’s Daiwa Securities Group has announced a strategic investment of approximately Rs 285 crore (USD 32 million) in Ambit Wealth Private Limited, acquiring a minority stake. The move underscores Daiwa’s intent to expand its footprint in India’s fast-growing wealth management sector, leveraging Ambit’s client base and expertise to drive long-term growth.
Daiwa Securities Group Inc., Japan’s second-largest brokerage, has formally invested in Ambit Wealth Private Limited, one of India’s leading wealth management firms. This marks Daiwa’s third strategic investment in India in recent years, reflecting its confidence in the country’s expanding private wealth market.
Key Highlights:
- Investment Size: Daiwa has invested Rs 285 crore (approx. 5 billion yen / USD 32 million) for a minority stake.
- Strategic Intent: The investment allows Daiwa to classify Ambit Wealth as an equity-method affiliate, integrating it into its balance sheet.
- Growth Synergy: The partnership aims to launch new wealth products, attract talent, and leverage Daiwa’s global footprint.
- Market Context: India’s wealth management industry is witnessing rapid growth, with global players like HSBC also scaling up operations.
- Revenue Impact: Wealth management already contributes 40% of Daiwa’s global revenues, making India a critical growth market.
- Ambit’s Position: Ambit Wealth is among India’s largest independent wealth managers, offering advisory and portfolio services to high-net-worth clients.
Sources: BusinessWorld, Economic Times