| Market Cap | ₹36,711 CrMid Cap |
|---|---|
| Net Profit TTM | ₹465.02 Cr32.05% Annual Growth |
| P/E Ratio | 78.95xSector: 22.47x |
| Day RSI | 59.73Neutral Zone |
Key highlights
- ARFME received its official certificate of registration from the IFSCA on September 14, 2026
- The subsidiary is registered as a Registered Fund Management Entity (Non-retail) at GIFT City
- Authorization allows the unit to undertake fund management activities under IFSCA regulations
- This final approval follows the in-principle clearance granted by the regulator on July 16, 2026
- Parent company Anand Rathi Wealth reported a TTM net profit of ₹465.02 crore as of June 2026
What Approval Was Received?
Anand Rathi FME (IFSC) Private Limited (ARFME), a wholly owned subsidiary of Anand Rathi Wealth Limited, has secured a formal certificate of registration from the International Financial Services Centres Authority. The certificate, dated September 11, 2026, and officially received on September 14, designates the entity as a Registered Fund Management Entity (Non-retail). This regulatory milestone allows the subsidiary to operate within the International Financial Services Centre at GIFT City, Gujarat.
The approval represents the final regulatory step following the in-principle clearance obtained in July 2026, marking the subsidiary's transition to an active operational status.
Why This Approval Matters
- Grants legal authorization to commence fund management business under the specialized IFSCA regulatory framework
- Enables the launch of offshore fund structures and investment products targeting non-retail and accredited investors
- Positions the company to utilize tax incentives and the competitive regulatory environment of India’s first IFSC
- Authorizes the management of Alternative Investment Funds (AIFs) and Portfolio Management Services on a global scale
- Strengthens the firm's ability to cater to High Net Worth Individuals seeking international asset diversification
Business Overview
Anand Rathi Wealth Limited operates as a prominent non-bank wealth management firm in India, specializing in the HNI and Ultra-HNI segments. The company’s business model includes private wealth, digital wealth, and omni-financial advisors. With a consolidated annual net profit of ₹395.91 crore for the last full financial year, the firm has maintained a significant growth trajectory, evidenced by a 32.05% annual profit increase.
The addition of a GIFT City subsidiary expands its infrastructure to include international capital markets, complementing its domestic distribution network of mutual funds and specialized structured products.
Financial Context
- The company maintains a return on equity (ROE) of 39.66%, compared to the sector average of 16.8%
- Operating revenue for the trailing twelve months stands at ₹1,196.79 crore, with recent quarterly revenue growth of 17.51% YoY
- Stock price has appreciated 50.89% over the past year, currently trading near its 52-week high of ₹2,255
- Institutional ownership has seen a recent uptick, with FII and MF holdings currently at 6.37% and 9.23% respectively
| Share price | ₹2211 |
|---|---|
| Market capitalisation | ₹36,711.73 Cr |
| Revenue (annual) | ₹1,148.82 Cr |
| Net profit (annual) | ₹395.91 Cr |
| Revenue (latest quarter) | ₹321.98 Cr+11.87% vs previous quarter |
| Net profit (latest quarter) | ₹162.73 Cr+57.86% vs previous quarter |
| P/E (TTM) | 78.95×Sector 22.47× |
| Promoter holding | 41.37%-1.74% QoQ |
| FII holding | 6.37%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Anand Rathi Wealth Limited announcing the receipt of a certificate of registration from the IFSCA for its subsidiary. Market figures from a third-party data provider.
