360 ONE Wealth Targets 12%-13% of India’s Ultra-Rich Market
Updated
Updated · Bloomberg · Aug 4
360 ONE Wealth Targets 12%-13% of India’s Ultra-Rich Market
3 articles · Updated · Bloomberg · Aug 4
Summary
360 ONE Wealth plans to lift its share of India’s ultra-high-net-worth wealth market from nearly 10% to 12%-13% over the next few years.
Yatin Shah said the push is driven by surging demand for asset-management services among India’s richest families.
360 ONE is already India’s largest independent wealth manager and oversaw 6.8 trillion rupees in wealth assets as of June.
India’s ultra-wealth segment includes about 40,000-45,000 families with more than 500 million rupees, while the broader wealth-management industry is projected to double to $2.3 trillion by 2029.