Tamil Nadu on the Radar for The Wealth Company Expansion Plans

Mumbai-based The Wealth Company Asset Management Pvt Ltd, previously known as Pantomath Capital Management, intends to grow its presence in Tamil Nadu, aiming for a three-fold increase in assets under management (AUM) from major cities like Chennai, Coimbatore, Madurai, and Tiruchirappalli. Currently, Chennai makes up 5. 15% of the company's AUM, and The Wealth Company plans to raise this figure to 15%. This growth strategy is part of the company’s plan to strengthen its position in the region.

The Wealth Company is recognized for its quick capital raising and deployment abilities, as well as its market-leading exit strategy. The firm has successfully raised over INR 4000 Cr in AUM in just one year.

Ms. Madhu Lunawat, the Managing Director, explained the unique approach that has fueled the firm's growth. She stated, “As India’s investor ecosystem evolves, it’s crucial to seize wealth creation opportunities with a solid 'Exit Ideology'. Investors are now very aware that the bottom line is vital in any business. Traditional sectors show that businesses can't last long if they keep losing capital. We prefer companies that can thrive for generations and contribute positively to the nation. India's true growth potential lies beyond big cities, in Tier II and III regions, which are set to drive economic development. Our expansion into Tamil Nadu is a strategic move to leverage the region's untapped potential. ”

She added, “Tamil Nadu is crucial for us and presents major opportunities. We have seen promising results in Chennai, contributing 5. 15% (INR 155. 10 Cr) to our AUM. We plan to boost our share in Tamil Nadu to 15% over the next 3 to 5 years. ”

The Wealth Company began its operations in 2022 and launched its first CAT-II AIF, India Inflection Opportunity Fund (IIOF), totaling INR 500 Cr, which closed in November 2023. They also launched Bharat Value Fund (Series-II) in April 2024, which raised INR 1800 Cr and was fully subscribed by August 2024. Their latest fund, Bharat Value Fund (Series-III), launched in October 2024, has a size of INR 2500 Cr and has already secured over INR 1500 Cr in commitments.

                                                                                                                                 -Reported by ELWYN

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