What we do Wealth First Portfolio Managers Limited provides broking services, mutual fund distribution, government securities trading, pension products, and portfolio management in India. |
Founded in 2,002 |
Market share Among top 50 AMFI distributors, ranked 33rd in India for mutual fund distribution. |
Problem solved Offers diversified financial products and advisory to manage wealth, retirement and investment portfolios for varied client segments including HNI and UHNI. |
Top clients or who we serve Serves retail investors, HNI, Ultra and Super HNIs primarily in India through B2C and B2B channels. |
Key management Ashish Navnitlal Shah (Managing Director), Hena Ashish Shah (Whole-Time Director), with a team of experienced financial professionals. |
Our journey and innovations Founded in 2002, first IFA listed on NSE in 2016; pioneered large bond deals, ETF promotion, and expanded advisory services and insurance broking. |
Where we operate Primarily operates across India with offices in Ahmedabad, Surat, Pune, and Mumbai. |
Top products or what we offer Mutual funds, portfolio management services, fixed deposits, bonds, direct equity, pension solutions, demat, and insurance broking. |
Top brands Wealth First mutual fund distribution, Lakshya Asset Management Company (upcoming AMC), Wealthshield Insurance Brokers. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Business activity income (mutual fund trail fees, PMS) provides recurring revenue; trading income is cyclical and being reduced. |
Our industry position Strong growth in AUA with Rs.12,858 Cr assets under administration and consistent revenue growth; diversified financial services leader. |
Financial highlights FY25 consolidated revenue Rs.60.1 Cr, net profit Rs.34.1 Cr, 8.1% AUA growth, 7.8% YoY business income rise, dividend payout ~40%. |
Geographical revenue split Primarily Indian market with growing presence in Pune, Surat, Mumbai regions. |
Order book - |
Whats driving growth Financialization of savings, rising HNI wealth, new AMC launch, expanded insurance broking, and client base growth drive expansion. |
Our future plans Finalizing SEBI approval for Lakshya AMC, scaling insurance broking, expanding infrastructure and talent, diversifying revenue streams. |
Our green promise - |
Our people and values 80 employees; low attrition; client-centric culture focusing on trust, education, and long-term relationships; diversity embraced. |
Key challenges ahead Market volatility impact, regulatory approvals, competition in wealth management and broking, maintaining client trust and scaling operations. |
Interesting facts First IFA listed on NSE; innovator in bond market deals and ETF distribution; executed Rs.1 Crore zero coupon bond deal. |
Risks and strategy Market and regulatory risks mitigated by diversified products, disciplined asset allocation, robust risk management, and steady innovation. |
