July 2026
Largest Wealth Management Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Jio Financial Services, Aditya Birla Capital, 360 One Wam, Aditya Birla Sun Life AMC and Angel One.
 | Jio Financial Services Ltd is a core investment company, non-deposit taking, systemically important (CIC-ND-SI). Along with its subsidiaries, joint ventures, and associates, it is engaged in the business of Investing and Financing, mainly Leasing, Insurance broking, Payment Bank, Payment Aggregator, and Payment Gateway services. | $3 | -29% | $17B | $19B | 54.2x | 66.5x | ||
| Aditya Birla Capital Ltd is a financial service provider. The company's products include Non-Bank Financial Services, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance and Other Financial Services. Its operating segments consist of Lending, and Investing and Others. The Lending segment consists of Loans (personal, business, etc.), loan against property, structured finance, working capital loans, wealth management, distribution of financial products, etc. The Investing and Others segment includes investments in Group companies Geographically, it derives a majority of its revenue from India. | $4 | +53% | $11B | $30B | 6.2x | 43.9x | ||
| 360 One Wam Ltd is a holding company to its subsidiaries engaged in wealth and asset management services, including financial asset distribution, broking, lending, credit, and investment solutions, and asset and portfolio management. Its business segments are Wealth Management segment comprises the distribution of financial products, advisory, broking, and research, discretionary and non-discretionary portfolio management services, corporate treasury solutions, estate planning, and Other; and Asset Management segment generally comprises management of pooled funds under various products and structures such as mutual funds, alternative asset funds, portfolio management and related activities, including advisory, offshore spanning public, and Other. | $12 | +1% | $4.7B | $6.2B | 18.5x | 21.1x | ||
| Aditya Birla Sun Life AMC Ltd principally acts as an investment manager to Aditya Birla Sun Life Mutual Fund and Aditya Birla Real Estate Funds (Category II). It also provides Portfolio Management Services (PMS) and investment advisory services to offshore funds and high-net-worth investors. Geographically, the company derives its key revenue within India and the rest from outside India. | $12 | +31% | $3.5B | $3.2B | 15.9x | 23.2x | ||
| Angel One Ltd is a retail broking house in India. It is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares, and financial product distribution to clients under the brand Angel Broking. Broking and allied services are offered online and on a digital platform. | $3 | +21% | $3.1B | $2.3B | 4.6x | 12.2x | ||
| Edelweiss Financial Services Ltd is mainly involved in providing investment banking services and holding company activities. The company's businesses are divided into Alternatives business, Capital business, Insurance business, Asset reconstruction business, Mutual fund business and Other business. Alternatives business includes advisory and other fee based business; Capital business, that derives maximum revenue, represents lending business and investment activities; Asset reconstruction business represents purchase and resolution of distress assets; Insurance business represents life insurance business and general insurance business. Mutual fund business represents income from asset management activities and Other business which includes custodian and CSR. | $1 | +10% | $1.2B | $3.1B | 3.7x | - | ||
| Median | $4 | +16% | $4.1B | $4.7B | 11.1x | 23.2x |
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