Shriram Group & South Africa’s Sanlam Group Join Hands To Launch Shriram Wealth With 50:50 Jv

Shriram Group and South Africa’s Sanlam Group person joined hands to motorboat Shriram Wealth done a 50:50 associated venture. The task will commence operations successful India’s apical 10 cities, pinch plans to grow to 20 cities complete nan adjacent year, placing a beardown accent connected Tier 2 and Tier 3 markets—regions wherever Shriram Group already enjoys long-standing marque equity. It intends to execute ₹50,000 crore successful assets nether proposal (AUA) wrong 5 years.

The venture’s superior attraction will beryllium to cater to 3 categories—mass, emerging, and affluent—which will see clients pinch investable assets ranging from ₹10 lakh to ₹2 crore, high-net-worth individuals (HNIs) betwixt ₹2 crore and ₹25 crore, and ultra HNIs successful nan ₹25 crore and supra bracket.

Vikas Satija, Managing Director & CEO of Shriram Wealth, says, “In India, only 15% of financial assets are professionally managed, whereas successful mature markets, nan fig is adjacent to 75%. So clearly, that’s a large opportunity to look astatine successful nan wealthiness guidance space.”

He besides pointed retired that high-net-worth individuals successful nan able conception are increasing astatine a compounded yearly complaint of 13–14%, which presents immense opportunities successful this sector.

Shriram Wealth plans to democratize wealthiness done aggregate channels, including accessible AI-enabled services, and projects a $10 trillion organized wealthiness guidance market. The institution will connection a broad suite of services including wealthiness management, lending solutions, protection solutions, world finance opportunities, and inheritance and bequest planning—powered by tech-led innovations and backed by Sanlam’s world finance expertise.

Published on: Jun 12, 2025 9:36 PM IST