In a strategic partnership, WAM announced it will acquire UBS’s India onshore wealth management business, while UBS will receive a 4.95% stake in WAM.
360 ONE WAM Ltd, one of India’s largest wealth and alternates asset managers, reported a 3.6 per cent year-on-year increase in profit after tax, reaching ₹250 crore for the fourth quarter ended March 31, 2025. Total revenue rose 5.7 per cent to ₹658 crore compared to last year.
For the full fiscal year 2025, the company posted a 26.6 per cent jump in profit after tax to ₹1,015 crore, while total revenue surged 35 per cent to ₹2,652 crore. Annual recurring revenue assets under management (ARR AUM) grew 23.2 per cent year-on-year to ₹2,46,828 crore, demonstrating the company’s focus on stable income streams.
In a significant strategic move, 360 ONE WAM announced an exclusive collaboration with UBS AG to enhance wealth management solutions for domestic and global Indian clients. As part of this arrangement, 360 ONE WAM will acquire UBS’s India onshore wealth management business, while UBS will obtain convertible warrants representing a 4.95 per cent stake in the Indian firm.
The company’s wealth management division saw its ARR AUM increase by 27 per cent year-on-year to ₹1,62,433 crore, with particularly strong growth in its 360 ONE Plus proposition (39 per cent YoY). The firm successfully onboarded over 440 high-value clients during FY25 and maintained a notably low client attrition rate of 1.7 per cent.
The asset management segment’s ARR AUM grew 17 per cent to ₹84,395 crore, driven primarily by growth in listed equity, private equity, and customized multi-asset offerings.
The shares of 360 ONE WAM Ltd ended today at ₹1,057 up by ₹43.10 or 4.25per cent on the NSE.
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Published on April 23, 2025