Wealth manager 360 One WAM grows net profit by 16 percent to Rs 285 crore, AUM at Rs 6.64 lakh crore

The Asset Under Management with 360 One was at Rs 6.64 lakh crore, with the ARR AUM rising to Rs 1.95 lakh crore, growing by 38% on year on growth across segments.

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Wealth management firm 360 ONE WAM reported a consolidated net profit growth of 16.8 percent YoY at Rs 285 crore, and a revenue from operations grew by 7.3 percent on year to Rs 911.5 crore, a company filing said on July 17. Margins at 62% were higher QoQ but lower on YoY basis in a quarter marked by recovery in equity markets after initial volatility due to Trump tariffs at the start of April 2025.

The Asset Under Management with 360 One was at Rs 6.64 lakh crore, with the ARR AUM rising to Rs 1.95 lakh crore, growing by 38% on year on growth across segments. ARR AUM stands for Annuitized Recurring Revenue Assets Under Management, or the portion of Asset Under Management that generates stable, recurring revenue, usually through advisory or management fees. 360 One said during Q1FY26, the wealth manager onboarded over 200 families with more than Rs 10 crore as ARR AUM, taking the client base for this space to over 4,200, accounting for 95 percent of wealth AUM.

Karan Bhagat, MD & CEO, 360 One WAM said, "This quarter marks a period of strong core momentum and strategic consolidation. While talent continues to remain our biggest bedrock, the recent inorganic initiatives, including the acquisition of B&K Securities and collaboration with UBS, have significantly strengthened our ability to deliver an integrated, full-spectrum platform by combining deep advisory, research, and execution capabilities." Bhagat added that the foundational levers are now in place for 'sustained growth' that will lead to a 'long-term value creation' for all stakeholders.

During the March quarter, 360 ONE WAM and leading global wealth manager UBS AG entered into an exclusive strategic collaboration where clients from both institutions got access to wealth management solutions. Both entities are also exploring opportunities for deep co-operation in asset management and capital markets too.

Earlier this year, 360 ONE WAM had acquired Batlivala & Karani Securities in order to grow presence across broking, capital markets, merchant banking, and corporate treasury, along with wealth and alternate asset management.

India is one of the fastest-growing wealth markets with 2.83 lakh HNIs with over $5 million in assets, a report by Kotak Private said in 2023, which is expected to rise by 52 percent to 4.30 lakh individuals by 2028.