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Leading financial services powerhouse Equirus group has entered into a strategic partnership with Sapient Finserv Group, one of India’s fastest-growing independent wealth managers, in an equity swap deal that will create a combined platform that ranks among the top 10 non-bank independent wealth managers in India. The landmark move for India’s wealth management industry will significantly expand Equirus group’s footprint in wealth management and family office services, with combined Assets Under Management (AUM) reaching INR 35,000 crore.

Headquartered in Pune, with a strong presence in Maharashtra and the Northeast, Sapient Finserv Group currently manages over INR 13,500 crore in AUM and a robust monthly SIP book of INR 65 crore. As part of the merger, Amit Bivalkar, Founder and Pallav Bagaria, Director and Co-founder at Sapient Finserv Group, will join the Leadership Team and Board of Equirus Wealth, reinforcing shared governance and vision.

“The equity swap structure of this merger cements a strong, long-term alignment of interests and growth. Sapient Finserv’s differentiated approach to wealth management and unwavering client-first focus have driven industry-leading retention and satisfaction. At Equirus, we have always been at the centre of value creation—partnering with entrepreneurs and institutions in building their market cap and enabling its monetisation. By combining this with Sapient Finserv’s expertise in preserving and growing wealth for HNIs, UHNIs, family offices, founders, and corporates, we are creating a platform that is truly greater than the sum of its parts. This partnership will allow us to deliver bespoke solutions that foster lifelong client relationships,” said Ajay Garg, Managing Director, Equirus Group.

Strengthening Wealth and Family Office Services

This transaction is a milestone in Sapient Finserv’s journey of building a comprehensive wealth ecosystem. By partnering with Equirus, Sapient Finserv Group expands its offering into complementary spaces, enhancing its ability to serve professionals, entrepreneurs, and families.

“This partnership is a defining moment for us and for our clients. At Sapient Finserv, we have always believed in being more than just wealth managers – we are long-term partners in our clients’ financial journeys. By joining hands with Equirus, we now gain the scale and resources to complete the suite of offerings and create one of the most holistic wealth platforms in the country,” said Amit Bivalkar, Founder, Sapient Finserv Group.

“It is always a privilege to work with good people who share the same values. This partnership is not just about scale – it is about serving our clients better. From Pune to the Northeast, we have grown by earning trust, one relationship at a time. With Equirus, we can now take this same approach to a wider stage and offer our clients an even wider array of solutions and services. Our focus remains on enhancing client experience and delivering meaningful outcomes across wealth management, capital markets, insurance and equity research - without losing the personal touch that defines us,” said Pallav Bagaria, Director and Co-Founder, Sapient Finserv Group.

Future Growth Path

With Sapient Finserv’s integration, Equirus Wealth expects to scale to Rs.50,000 crore AUM, leveraging:

 * Proprietary research from 35 seasoned equity analysts.

 * Small cap PMS strategies, venture funds, and long-short funds.

 * Dedicated verticals – Equirus Wealth and Equirus Family Office – to accelerate client-focused growth.

 * An NBFC license that enables the platform to offer tailored lending and financing solutions alongside wealth management.

“Sapient Finserv Group represents the kind of entrepreneurial, client-first culture that aligns deeply with our values. Their strong franchise and leadership in SIPs complement our vision of building a top-tier wealth platform. Building scale with the right culturally aligned team will allow us to invest more and partner our clients and team to become one of the leading wealth platforms,”  said Ajit Deshmukh, Managing Director, Equirus Group.

Post-integration, the combined group will operate under two specialized verticals – Equirus Wealth and Equirus Family Office – both geared towards accelerating the next phase of growth.

This is Equirus Group’s 3^rd M&A transaction in the last 12 months, following Raghnall Insurance Broking and Credence Family Office. Equirus Group has recently received an NBFC license from RBI, which will help it offer a wider suite of financing services to its wealth management and emerging corporate clients.

Equirus group  is backed by marquee investors, including the late Rakesh Jhunjhunwala, Amicus Capital, and Federal Bank.  As a professionally driven meritocratic group, employees hold a significant chunk of the group’s equity.

Spice Route Legal, Transaction Square, Bhate and Ponkshe, ANRK & Associates, and LegaLogic Consulting acted as Legal and Tax Advisors on this transaction.

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