Edelweiss Private Wealth registers 105% growth in client assets in Goa, Maharashtra region


Edelweiss Private Wealth registers 105% growth in client assets in Goa, Maharashtra region


CAGR 44% increase in clients between 2019 to 2022

Client assets of Edelweiss Wealth Management have grown at ~39% cumulative annualized growth rate from INR ~20,000 crore in fiscal year 2015 to INR ~2 lac crore as on 31st March 2022

Panaji: The Government of India’s special thrust on economic growth and improving the quality of life of people in tier II cities like Panaji is expected to steer large business, promoter families and entrepreneurs of Goa to create sustainable wealth which will help propel the country’s economy towards the USD 5 trillion dream.

The government’s focus to transform cities like Panaji, Pune, Nasik, Ahmednagar, Nagpur, Solapur, Kolhapur, etc. into smart cities has facilitated a boost in development projects in Infrastructure and Technology. As a result, an ecosystem has been created for entrepreneurs and business owners to participate in the economic growth and overall development of these cities and states.

Against this backdrop, Edelweiss Private Wealth, the wealth management arm of Edelweiss Wealth Management, which caters to the needs of UHNI, family offices, business owners, corporate treasuries, affluent individuals, and others, has announced that its Pune division (which covers Goa and Maharashtra, ex Mumbai) reported a jump of 105% YOY in its client assets as compared to its clients in rest of India. Its client base also increased by 44% CAGR between 2019 and 2022.

Mr. Alok Saigal, President & Head, Private Wealth, Edelweiss Wealth Management, said, “We are committed to offer world-class solutions to our clients in Goa, empowering them to capitalise 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.”

“Goa is attracting investments in multiple sectors like infrastructure, technology, and the services sector etc. which are key to support fast-paced growth, and further aid the growth of the state,” he added.

Priyanshu Gaurav, Managing Partner & Market Head Pune, Rest of Maharashtra & Goa, Private Wealth, Edelweiss Wealth Management said that “This entire 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”

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. The Pune 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.

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