NE BUSINESS BUREAU
CHENNAI, MAR 6
Mumbai based The Wealth Company Asset Management Pvt Ltd, formerly Pantomath Capital Management, plans to expand its presence in Tamil Nadu, targeting a three-fold growth in assets under management (AUM) from key cities like Chennai, Coimbatore, Madurai, and Tiruchirappalli. Currently, Chennai accounts for 5.15% of the company’s AUM, a figure that The Wealth Company aims to increase to 15%. This strategic expansion is part of the company’s broader vision to deepen its footprint in the region.
- Currently, Chennai accounts for 5.15% of the company’s AUM
- The company has achieved the impressive milestone of raising over Rs 4,000 Cr in AUM within a remarkably short span of just one year
- The company eyes Rs 10,000 cr fund raising in the next 6 months and set to launch over Rs 3,000 cr 4th fund soon.
- As India’s investor ecosystem continues to mature, it’s essential to harness wealth creation opportunities through a well-defined ‘Exit Ideology’: Madhu Lunawat, Managing Director
As a renowned asset management firm, The Wealth Company has distinguished itself through its swift capital raising and deployment capabilities, coupled with its industry-leading exit strategy. Notably, the company has achieved the impressive milestone of raising over Rs 4,000 Cr in AUM within a remarkably short span of just one year.
Elaborating on the unique ideology that led to the growth of the firm, Madhu Lunawat, Managing Director, The Wealth Company Asset Management Pvt. Ltd. said, “As India’s investor ecosystem continues to mature, it’s essential to harness wealth creation opportunities through a well-defined ‘Exit Ideology’. Gone are the days when investors would invest in decade duration funds. Investors have become extremely cognizant of the fact that bottom line is of utmost important in any enterprise. Our traditional industries are torchbearers and demonstrate that business cannot sustain beyond few years if the model is skewed towards burning capital. We like businesses which can sustain generations and provide meaningful contribution to nation building. India’s true potential lies beyond its metropolitan hubs. The Tier II and Tier III regions hold immense promise, poised to drive economic growth from within. Our expansion into Tamil Nadu marks a strategic step in this direction, as we seek to tap into the region’s latent potential. By focusing on these emerging areas, we aim to unlock new avenues for wealth creation, contributing to India’s economic growth and development.”
She further added, “Tamil Nadu is an important state for us, a state that offers a game changing potential. Our company has already seen significant traction in Chennai, which currently contributes 5.15% (Rs 155.10 CR) to our total AUM. Building on this momentum, we plan to increase our presence in Tamil Nadu, targeting a 15% share of our total AUM over the next 3 to 5 years.”
Ms Madhu Lunawat further said that the company is in talks with a FCMG in Chennai and it would be revealed to the public soon.
Replying to a query, she said the company eyes Rs 10,000 cr fund raising in the next 6 months and set to launch over Rs 3,000 cr 4th fund soon.
The Wealth Company (formerly Pantomath Capital Management Pvt Ltd) embarked on its journey in 2022, marking the launch of its maiden CAT-II AIF, India Inflection Opportunity Fund (IIOF), with a total size of INR 500 Cr. The fund achieved its final close in Nov’23. Building on this momentum, the Company introduced Bharat Value Fund (Series-II) in Apr’24, which garnered commitments of INR 1800 Cr and reached full subscription in Aug’24.
Their latest fund Bharat Value Fund (Series – III) with total size of INR 2500 CR (INR 1500 Cr Corpus with green shoe option of up to INR 1000 CR) was launched in Oct’24 and it currently has commitments in excess of INR 1500 CR.
