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Wealth management company Centricity WealthTech plans to double its AUM to Rs 20,000 crore by March 2026 and has hired 30 senior private bankers to cater to the needs of High Networth Individuals (HNIs) and Ultra HNIs, to achieve the target. The asset under management (AUM) reached Rs 10,000 crore last month and the company is hoping to increase this to Rs 18,000-20,000 crore by the end of the current fiscal, Centricity WealthTech CEO Manu Awasthy told PTI. So, he said, effectively, the AUM should double in eight months and various initiatives would be taken to achieve this target. As part of the expansion strategy, the company has onboarded 30 senior private bankers to deepen presence across India's top 70 cities. This marks a significant step in Centricity WealthTech's vision to democratize accessibility of best-in-class financial advice beyond the traditional metros, backed by its proprietary technology and growing physical footprint, he said. The newly onboarded senior private
Gold loan financier Indel Money on Wednesday said it expects to double asset under management (AUM) to Rs 4,000 crore in FY26 helped by rising demand for gold loans. The company's AUM stood at Rs 2,400 crore in the financial year ended in March 2025. Indel Money is aiming to achieve Rs 10,000 crore in disbursements and Rs 4,000 crore in AUM during the current financial year, the company said in a statement. The company opened 89 branches in the fiscal year, taking the total number to 365. It has a presence in 12 states and three Union Territories as of March 31, 2025. The company has also reported a profit of Rs 61 crore for the year, registering a 10 per cent growth year on year, it said. Indel Money reported NPA at 1.35 per cent of its assets, which highlights a significant improvement in asset quality against last year's 3.17 per cent, it said. "The overall credit situation will also improve. As a result, domestic consumption will gather steam in the days to come. Naturally, g