Anand Rathi Wealth Ltd

Anand Rathi Wealth Ltd

Anand Rathi Wealth Limited was originally incorporated in the name of 'Hitkari Finvest Private Limited' on March 22 1995. It was thereafter renamed as 'AR Venture Funds Management Private Limited' on 06 April 2005 which got later converted from a Private Limited Company to a Public Limited Company with the name 'AR Venture Funds Management Limited' on 08 March 2007. Subsequently AR Venture Funds Management Limited was converted to a Private Limited Company with the name 'AR Venture Funds Management Private Limited' on 07 July 2015. Thereafter AR Venture Funds Management Private Limited was again converted to a Public Limited Company with name 'AR Venture Funds Management Limited' on 03 April 2017. Subsequently AR Venture Funds Management Limited was renamed as Anand Rathi Wealth Services Limited on 06 July 2017. Thereafter Anand Rathi Wealth Services Limited was renamed as Anand Rathi Wealth Limited on 07 January 2021. The Company operate in the financial services industry with a focus on mutual fund distribution and sale of financial products.The Company is engaged in providing wealth management services and services for Distribution and Sale of Financial products.The company is one of the few pure wealth and distribution services company in India catering to the HNI as well as the Ultra HNI segments offering various innovative financial products and investment solutions.The company offers two types of services-i.private wealth where it manages Rs 29472 crore worth of assets under management(AUM) as of second half of FY22 and purchase of non convertiblemarket-linked debentures (MLDs). As on 31 March 2021 the company has three subsidiaries namely AR Digital Wealth Private Limited Freedom Intermediary Infrastructure Private Limited and Freedom Wealth Solutions Private Limited.On 08 August 2016the company has issued and allotted 6230464 bonus equity shares of Rs 10 each to the shareholders in the ratio of 32:1.On 14 August 2018the company has sub-divided its face value of equity shares from Rs 10 to Rs 5.On 16 July 2021the company has issued and allotted 13872087 equity shares of Rs 5 each as bonus shares to the shareholders in the ratio of 1:2.The Company has come out with an Initial Public Offer in December 2021 consisting of issuing upto 12000000 equity shares.