· 105% growth in client assets in Pune, rest of Maharashtra and Goa, CAGR 44% increase in clients between 2019 to 2022
Edelweiss Private Wealth on Tuesday announced that its Pune division (which covers Maharashtra and Goa, ex Mumbai) reported a jump of 105% in itsclient assets as compared to its clients in rest of India. Itsclient base also increased by 44% CAGR between 2019 and 2022.
The Pune division was launched in 2019, under the leadership of Priyanshu Gaurav.The firm’s commitment to bring value to the table at every step across services and Investment products has played a significant role in the division’s growth. ThePune team worked closely with business families and UHNI’s in Pune to understand their business / individual financial needs and help them achieve their medium to long term objectives by extending best in class financial products, risk management and tech enabled execution platform.
Priyanshu Gaurav, Managing Partner & Market Head Pune, Rest of Maharashtra & Goa, Private Wealth, Edelweiss Wealth Management said that “Pune & Rest of Maharashtra region has a wide array of businesses from Manufacturing, IT, Real Estate, and a flourishing startup ecosystem. We have made a sincere effort to be a helping hand to our clients in creating and preserving wealth by providing bespoke solutions. Our extensive platform, high quality research across the spectrum makes us a preferred wealth manager of Family Offices, Business Entrepreneurs, UHNI and Corporate Treasuries,this has resulted in a growth of 316 times in a span 3 years with current client assets standing at INR 2100 cr as of March 2022”
Alok Saigal, President & Head, Private Wealth, Edelweiss Wealth Management, said, “We are committed to offer world class solutions to our clients in Pune and Tier I, II cities in Maharashtra and Goa, empowering them to capitalize on the India growth story. Our innovative product suite, added with the customer experience we provide has ensured us to be one of the key wealth management players in a market which has the potential to grow 15% by 2025 according to Industry estimates.”
