Anand Rathi Wealth Ltd. Company History and Annual Growth Details

The Company was incorporated at Mumbai on March 22, 1995 as Hitkari Finvest Private Limited, a private limited company under the Companies Act, 1956.

Major events and milestones :

2002

- ARFSL received the certificate of registration from the Association of Mutual Funds in India with respect to its mutual fund distribution business.

2008

- The Company entered into contractual arrangement with ARFSL to use their premises to commence overseas operations in Dubai; and expanded wealth operations in India by setting up office in Delhi.

2015

- AuM of wealth management business of ARFSL crossed Rs. 50,000 million.

2017

- The Subsidiary, AR Wealth Management Private Limited, acquired Freedom Wealth Solutions Private Limited (involved in investment advisory business) and Ffreedom Intermediary Infrastructure Private Limited.

- The Company acquired the mutual fund distribution business of ARAL which ARAL had acquired from ARFSL.

- The Company acquired the private wealth management business from Religare Wealth Management Limited.

2018

- The Company expanded wealth operations in eastern India by setting up office in Kolkata.

- AuM of the Company crossed Rs. 150,000 million.

2019

- AuM of the Company crossed Rs. 200,000 million.

2021

- AuM of the Company crossed Rs. 250,000 million.

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