Nuvama Wealth Management Limited · NSE:NUVAMA
Nuvama Wealth Management — Investor Presentation (July 2026)
41 slides from Nuvama Wealth Management's investor presentation, July 2026
Slide 1: Company Overview
NUVAMA Company Overview July 2026 1
Slide 2: Contents
Contents 1 2 3 4 About Us Industry Our Businesses Strategy Overview 2
Slide 3: Contents Summary
Contents Summary ▪ Strong institutional ownership: PAG (promoter of company), 1. ABOUT US one of the largest Asia-based alternative investment managers ▪ Integrated wealth management platform with exhaustive 2. INDUSTRY OVERVIEW suite of offerings ▪ Only established player with proven execution acro
Slide 4: About Nuvama
ABOUT Nuvama Serving Client-first UHNI & Family Offices foundation HNI & Affluent Individuals Corporates & Institutions Well Scaled Wide Presence Client Assets of ₹ 5.3+ trillion 3,500+ employees across 100+ offices 1,250+ RMs Strong Governance Unique Proposition Experienced board and Multi Client S
Slide 5: Majority owned by PAG, a leading investment firm
Majority owned by PAG (promoter of company) a LEADING INVESTMENT FIRM One of the largest Asia-based alternative investment managers with USD 55B+ of assets under management in private equity, real assets, credit & markets Assets Under Management 1 Number of offices 2 Total Employees 1 USD 55B+ 13 ~9
Slide 6: Comprehensive wealth management platform with exhaustive suite of offerings
COMPREHENSIVE WEALTH MANAGEMENT PLATFORM with exhaustive suite of offerings Our vision is to provide our clients with comprehensive and tailored wealth management solutions and advice We Serve We Provide Access To 1. Products 2. Advisory 3. Capital Markets UHNI and Family Offices Third Party Proprie
Slide 7: Evolved into an integrated wealth management platform
Evolved from individual businesses into an INTEGRATED WEALTH MANAGEMENT PLATFORM 4. Listed, Strong Governance Company to 3. Transitioned Smoothly, Deliver Long-term Value Operating with Independent with PAG as the Promoter 2. Global Partnership Board, Governance, Operations Validating Platform and M
Slide 8: Well-positioned in this evolving wealth space
WELL-POSITIONED in this evolving wealth space Only scaled player in both client Culture Client segments with “Full Platform” capabilities Established UHNI and Wealth Managers High Family Boutique Offices Private Banks High Orientation RM / Client Networth & Domestic Banks Affluent Individuals Fintec
Slide 9: Established wealth manager covering client segments with majority of wealth
As an ESTABLISHED WEALTH MANAGER, we cover client segments constituting majority of wealth ~35K 70-75% UHNI Households of total financial ~30 lacs HNI & AFFLUENT wealth Households MASS MARKET RETAIL 9
Slide 10: Unique business model enabling seamless client solutioning
UNIQUE BUSINESS MODEL, enabling value and seamless client solutioning across ecosystem Small & Medium UHNI Business Owners Family Offices & Business Owners HNI Advisory & Unique Research Products Referrals & Client Distribution Insights Corporates Affluent & Institutions Individuals ONE NUVAMA 10
Slide 11: A high growth company with diversified earnings
A HIGH GROWTH COMPANY with diversified and superior quality of earnings Revenue All figures are in ₹ crore % are YoY +8% +41% ₹ 3,122 +31% ₹ 2,901 1,718 +19% ₹ 2,063 1,428 +32% ₹ 1,575 1,188 ₹ 1,322 1,016 ₹ 998 750 759 734 655 613 484 476 336 389 331 329 167 171 158 20 68 63 59 57 - FY21 FY22 FY23 F
Slide 12: Contents Summary
Contents Summary ▪ India stands at the intersection of growth, market maturity 1. ABOUT US and a large opportunity size ▪ Making India world’s largest emerging wealth pool 2. INDUSTRY OVERVIEW ▪ Creating a structural opportunity for wealth management platforms 3. OUR BUSINESSES 4. STRATEGY 12
Slide 13: India at the intersection of growth, market maturity and opportunity
India stands at the intersection of growth, market maturity and a large opportunity size Thailand Source: BCG Global Wealth Report 2026 – The Great Reordering, “Where the Next Wave of Wealth Is Coming From”. Figures are 2025–2030 estimates 13
Slide 14: Making India world's largest emerging wealth pool
Making India world’s largest emerging wealth pool India leads EM wealth creation, accounting for ~35% of the US$ 7 Tn opportunity in the >US$250k client segment by 2030 WEALTH TO BE ADDED BY 2030 INDIA’S SHARE IN EM WEALTH WEALTH CAGR THROUGH 2030 GROWTH OF MILLIONAIRES BY 2029 US$ 2 Tn+ ~35% ~12% 5
Slide 15: Structural opportunity for wealth management platforms
Creating a structural opportunity for wealth management platforms SECULAR GROWTH IN WEALTH MANAGEMENT MARKET INFRASTRUCTURE EXPANSION - ASSET SERVICES Custody, Clearing, Expanding service portfolios GROWTH IN ASSET Mutual funds, AIFs, MANAGEMENT PMS scaling Growing capital pools CAPITAL MARKET and b
Slide 16: Contents Summary
Contents Summary ▪ An integrated wealth management platform offering a 1. ABOUT US complete suite of services: o Wealth Management o Asset Management 2. INDUSTRY OVERVIEW o Asset Services o Capital Markets 3. OUR BUSINESSES ▪ Our value proposition: o Solution oriented approach, fulfilling all client
Slide 17: Business Summary: Overview
Business Summary: Overview MOST COMPREHENSIVE WIDE AND GROWING WELL SCALED SERVING PRODUCT SUITE SALES COVERAGE PLATFORM Wealth Management Investment Solutions Managed Products 4,850+ 1,250+ ₹ 3,63,892 Cr Client Assets Advisory Ultra High Networth Families Wealth RMs Wealth Management Exchange Trade
Slide 18: Our Businesses
Our Businesses Asset Services and Wealth Management Asset Management Capital Markets 18
Slide 19: Nuvama Wealth
Nuvama Wealth One of the leading wealth managers in Affluent and HNI client segments Well scaled Wide presence across India ₹ 1,23,695 Cr of client assets 1,100+ RMs and 8,500+ Active External Wealth Managers (EWM) 1.3+ million clients. ~20% serviced by RMs & External Wealth Managers Covering 500+ l
Slide 20: Nuvama Wealth: Value Proposition
Nuvama Wealth: Value Proposition 01 Multi-Product and Open Architecture Wide bouquet of investment solutions across asset classes and access to seasoned products Unbiased Solutions 02 Offering unbiased and customized solutions as per client’s needs, portfolio and risk appetite Hybrid Ecosystem 03 Co
Slide 21: Nuvama Wealth: Journey over years
Nuvama Wealth: Journey over years All figures are in ₹ Cr YoY YoY CLIENT ASSETS REVENUES 5Y CAGR 14% 5Y CAGR 18% 27% 93,846 1,07,110 28% 817 960 77,930 669 574 50,889 52,575 409 33,018 275 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 YoY OPERATING PBT COST TO INCOME 5Y CAGR 22% 5Y DEL
Slide 22: Nuvama Private
Nuvama Private Amongst top 2 independent private wealth players Well scaled High-quality team ₹ 2,40,197 Cr of client assets 150+ relationship managers 4,850+ families Comprehensive Solutions High customer satisfaction Investments | Lending | Estate Planning Net Promoter Score of 68 Family Office |
Slide 23: Nuvama Private: Value Proposition
Nuvama Private : Value Proposition Preserve and sustainably grow clients’ wealth through bespoke solutions across suite of offerings (A) (B) (C) (D) CLIENT PROFILE Bespoke Solution Investment Advisory Managed Accounts Wealth Structuring Suite Investment Policy Institutionalized Portfolio Holding Str
Slide 24: Nuvama Private: Journey over years
Nuvama Private : Journey over years All figures are in ₹ Cr YoY CLIENT ASSETS YoY REVENUES 5Y CAGR 5Y CAGR 24% 4% 16% 1,99,452 2,06,677 29% 611 758 1,69,904 519 1,29,391 442 1,19,540 98,570 341 210 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 OPERATING PBT YoY COST TO INCOME 5Y DELTA
Slide 25: Nuvama Asset Management
Nuvama Asset Management Focused and high-performing alternatives asset management business Scaling with Speed Active Strategies AUM of ₹ 13,261 Cr Private Markets + Public Markets + Commercial Real Estate 83% of this being fee paying High-Quality Investment Team Strong Distribution 25+ investment pr
Slide 26: Nuvama Asset Management: Value Proposition
Nuvama Asset Management: Value Proposition 01 Differentiated Solutions Addressing client needs by offering unique products, powered by deep insights from wealth clients Proven Fund Management Capabilities 02 Established track record across public markets and private products. Delivering top quartile
Slide 27: Nuvama Asset Management: Journey over years
Nuvama Asset Management: Journey over years All figures are in ₹ Cr YoY ASSETS UNDER MANAGEMENT REVENUES - MANAGEMENT FEE YoY 4Y CAGR 13% 4Y CAGR 31% 12,807 35% 11,307 56% 59 77 6,967 45 5,581 36 3,856 13 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FEE PAYING AUM YoY NO OF STRATEGIES 4Y CAGR 4
Slide 28: Nuvama Asset Services and Capital Markets
Nuvama Asset Services and Capital Markets Leading institutional practice with deep coverage and world-class capabilities Asset Services Institutional Equities and Investment Banking One stop platform with state-of-the-art technology 20+ years of experience, delivering quality research, strong distri
Slide 29: Asset Services: A recurring, rising & resilient business
Asset Services: A recurring, rising & resilient business 1. Industry overview 2. Nuvama’s strategic choice 3. Moats built 4. Results delivered Structural growth across parameters We serve select International and Comprehensive solution suite Client Assets: ₹ Tn 1.3 1.3 domestic institutional clients
Slide 30: Asset Services and Capital Markets: Journey over years
Nuvama Asset Services and Capital Markets: Journey over years All figures are in ₹ Cr CLIENT ASSETS - ASSET SERVICES REVENUES - ASSET SERVICES YoY 5Y CAGR - 5Y CAGR 12% 36% 35% 1,26,046 1,25,954 734 655 91,156 329 38,708 43,532 27,056 167 171 158 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY2
Slide 31: Doing it right! Driving growth, earning recognition
Doing it right ! Driving growth, earning recognition Recognized with prestigious awards for excellence in Q1 FY27 o Best Specialist Private Bank - India – Global Private Banking Innovation Awards 2026 o Best Product Innovation : Highly Acclaimed – Global Private Banking Innovation Awards 2026 o Outs
Slide 32: ESG: Embedding ESG into everything we do
ESG: Embedding ESG into everything we do ENVIRONMENT SOCIAL GOVERNANCE US GBC Gold certified head office for interior SO 27001 for information security BRSR report for FY26 - completed with designing. management system assurance on ESG core principles Green Energy: 56% of total energy consumed Net P
Slide 33: Contents Summary
Contents Summary ▪ Necessary fundamentals in place 1. ABOUT US ▪ Adequately capitalized to achieve future goals 2. INDUSTRY OVERVIEW ▪ Well defined trajectory for each segment 3. OUR BUSINESSES 4. STRATEGY 33
Slide 34: Our Strategic Advantage
Our STRATEGIC ADVANTAGE Strong promoter with experienced management team PAG, promoter of the company, a leading investment firm, with AUM of USD 55+ billion Management team with visionary leadership having experienced multiple business cycles Integrated and differentiated platform Comprehensive sui
Slide 35: Well defined trajectory for each segment
Well DEFINED TRAJECTORY for each segment EXECUTION STRATEGY FOCUS AREAS MARKERS Sep’23 Building entire Leverage tech to Continue journey Expand to NRI client In 5 years grow ecosystem with optimize cost-to- from product to segment and People at center. serve, improve portfolio solutions deepen exist
Slide 36: Well defined trajectory for each segment
Well DEFINED TRAJECTORY for each segment EXECUTION STRATEGY FOCUS AREAS MARKERS Sep’23 In 5 years grow Build full suite of alternatives Continue to scale public Expand AUM to 6-8x or Significantly market strategies Distribution 45-50% CAGR Scale Asset On-going On-going Nuvama Management Private Equi
Slide 37: Well defined trajectory for each segment
Well DEFINED TRAJECTORY for each segment EXECUTION STRATEGY FOCUS AREAS MARKERS Sep’23 In 5 years grow Asset Services clients assets to International Institutional Domestic Institutional Enterprise (Technology Client Group Client Group (AIF, PMS) and Operations) 2-2.5x or Grow assets 15-20% CAGR und
Slide 38: Annexures
INalatsy.lisys “a nuvama
Slide 39: Annexure 1: Our Board
Annexure 1: Our Board Experienced and Independent composition with good mix of business and functional skills Birendra Kumar Ashish Kehair Shiv Sehgal Nikhil Srivastava Aswin Vikram Chairperson & Independent Managing Director and Executive Director Non-Executive Nominee Non-Executive Nominee Directo
Slide 40: Safe harbour
Safe harbour DISCLAIMER : This presentation and the discussion may contain certain words or phrases that are forward-looking statements, which are tentative, based on current expectations of the management of Nuvama Wealth Management Limited or any of its subsidiaries, associate companies and joint
Slide 41: Thank You
Thank You For more details refer data book published on our website. Click here to access. # Data Book Contents 1 Consolidated Performance 2 Segmental Performance - Wealth Management a) Nuvama Wealth b) Nuvama Private 3 Segmental Performance - Nuvama Asset Management 4 Segmental Performance - Nuvama
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