The Merger is to Create Top 10 Independent Wealth Platform in India
FinTech BizNews Service
Mumbai, October 13, 2025: Equirus Group, a leading full-service financial services firm, has announced a strategic partnership with Sapient Finserv Group, one of India’s fastest-growing independent wealth managers.
Amit Bivalkar, Founder, Sapient Finserv Group
The equity swap deal will create combined platform that ranks among India’s top 10 non-bank independent wealth managers, with a consolidated Assets Under Management (AUM) of Rs35,000 crore.
The merger significantly expands Equirus’s footprint in the high-growth wealth management and family office segments.
Sapient Finserv, headquartered in Pune with a strong presence in Maharashtra and the Northeast, brings over Rs13,500 crore in AUM and a robust monthly SIP book of ₹65 crore. Post-integration, the combined entity will operate under two specialized verticals: Equirus Wealth and Equirus Family Office.
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 Following the integration, Equirus Wealth is poised to scale its platform to Rs50,000 crore AUM, leveraging:
“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.
This is Equirus Group’s 3rd 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.
