Ahmedabad: Prudent Corporate Advisory Services Limited (“Prudent”), one of India’s leading retail wealth management services groups, today announced the acquisition of Indus Capital, a Pune-based mutual fund distributor.
As of August 2025, Indus Capital managed ₹2,030 crore of AUM, of which 95.3% is equity-oriented. The SIP book stood at ₹10.83 crore, and they currently service 3,571 families.
Over the period from March 2021 to March 2025, it’s average yearly AUM & gross mutual fund commissions have delivered a CAGR of 24.7% & 30.6% respectively.
Business Synergy- Indus Capital’s clients will move to Fundzbazar, giving them a wider product basket and a smoother, more reliable tech platform. We are also acquiring a professional team with a dedicated business head, which strengthens on-ground execution and gives us the capability to expand further in this market over time. Following the acquisition, Mr. Sanjay Sanghvi, Founder of Indus Capital, will join Prudent as a strategic advisor, while Mr. Gaurav Gupta will continue to lead this vertical as the Business Head.
Deal Consideration- The deal consideration stands at ₹113.75 crores (including upfront and deferred payments), with an additional special consideration of ₹10 crores as per the Business Transfer Agreement.
Commenting on the acquisition, Mr. Sanjay Shah, CMD of Prudent, said:
“Indus Capital has built a highly respected franchise with strong equity-focused assets, resilient SIP flows, and a professional team that mirrors Prudent’s commitment to long-term client relationships. The acquisition will not only accelerate our retail expansion but will also be immensely cash accretive for our shareholders. With this strategic step, we reinforce our vision of becoming India’s most trusted and scalable retail wealth management platform.”
Commenting on the acquisition, Mr. Sanjay Sanghvi, Founder of Indus Capital, said:
“Over the years, Indus Capital has been built on a simple promise—do right for the client. By becoming part of Prudent, it gives our investors a wider product shelf through Fundzbazar and a stronger, more reliable tech and service backbone, while preserving the relationships and advice they value. Our team will continue to serve clients with the same accountability, now with better tools and deeper research to scale outcomes. I’m excited about the growth runway this creates for our clients as we take the business to its next phase.”
