Avendus Wealth Management Private Limited provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Avendus Wealth Management Private Limited reports 546 clients. They include 366 individual clients, 149 corporations and other businesses, and 31 high-net-worth individuals. Of its assets, 0.0% ($0 across 0 accounts) are managed with discretion; $2B across 546 accounts are not. Of its clients, 98% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 67% | 14% |
| High-net-worth individuals | 6% | 24% |
| Corporations and other businesses | 27% | 62% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 366 | $277M | 13.9% | $758K |
| High-net-worth individuals | 31 | $489M | 24.5% | $15.8M |
| Corporations and other businesses | 149 | $1.23B | 61.6% | $8.25M |
| Total | 546 | $2B | 100% | $3.65M |
- Clients
- 366
- Regulatory AUM
- $277M
- AUM share
- 13.9%
- Avg. per client
- $758K
- Clients
- 31
- Regulatory AUM
- $489M
- AUM share
- 24.5%
- Avg. per client
- $15.8M
- Clients
- 149
- Regulatory AUM
- $1.23B
- AUM share
- 61.6%
- Avg. per client
- $8.25M
Total
- Clients
- 546
- Regulatory AUM
- $2B
- AUM share
- 100%
- Avg. per client
- $3.65M
- Clients outside the U.S.
- 98%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Avendus Wealth Management Private Limited is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Avendus Capital Private Limited owns 75% or more of Avendus Wealth Management Private Limited and is in turn owned by Redpoint Investments Pte LTD (50–75%). The leadership team of Avendus Wealth Management Private Limited includes Chief Investment Officer Kaushal Aggarwal and Chief Compliance Officer Palak Furia. It has 248 employees, 6 of them in advisory roles.
Leadership
- Palak FuriaChief Compliance Officer
- Kaushal AggarwalDirector (Non-Executive) & Chief Investment Officer
- Gaurav DeepakDirector (Non-Executive)
- Apurva ShaijwaniManaging Director & CEO
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- George Aruvendra Mitra
Staff
- 248 employees
- 6 in advisory functions
- Owns 75% or more of Avendus Wealth Management Private Limited
Avendus Capital Private Limited
Control person · since March 2008
- Owns 50% to 75% of Avendus Capital Private Limited
Redpoint Investments Pte LTD
Control person · since February 2016
Avendus Wealth Management Private Limited’s regulatory assets grew 2.3× from $853M (June 2021) to $2B (July 2026); clients fell from 585 to 546 and employees rose from 105 to 248.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $2B | 546 | 248 | 10 |
| June 2025 | $2.01B | 461 | 174 | 10 |
| June 2024 | $1.67B | 421 | 148 | 7 |
| June 2023 | $1.67B | 458 | 155 | 7 |
| June 2022 | $2.43B | 553 | 134 | 7 |
| June 2021 | $853M | 585 | 105 | 7 |
Besides its headquarters, Avendus Wealth Management Private Limited has 9 offices, with 10 listed addresses outside the U.S..
International offices
- P S ARCADIA, 7TH FLR, 4A, CAMAC STREET, KOLKATA, 700016, India
- THE MILLENIA TOWER, NO 1 & 2, MURPHY ROAD, BANGALORE, 560008, India
- C/O ATELIER OFFICE STES, GROUND FLR & LWR GRND FLR, NEW DELHI, 110037, India
- 1ST FLOOR, SAHITI SRESHTA, PLOT NO. 1222, HYDERABAD, 500 033, India
- PARAGRAPH, B WING , 15TH FLOOR, OFFICE NO. 14, AHMEDABAD, 380015, India
- OFFICE #507, 5TH FLOOR, REDBRICKS OFFICES LTD., TH, PUNE, 411006, India
- OPULENCE, 9TH FLOOR 73 EAST AVENUE, GUJARAT, India
- EA CHAMBERS TOWER II, NO: 49, 50, GROUND FLOOR, CHENNAI, Iceland
- CABIN NO 1, ENSO CO-WORKING, 4TH FLOOR SAMARTH HO, NASHIK, India
Contact and registration details
- Legal name
- Avendus Wealth Management Private Limited
- Headquarters
- Platina BLDG, 9th Floor, Plot No. C-59, Bandra Kurla Complex, Bandra (E),, Mumbai, India 400 051
- Website
- Not reported
- Phone
- 912266480909
- @avendus
- SEC file
- 801-72264
- Structure
- other (specify) organized in India
- Fiscal year end
- March
Avendus Wealth Management Private Limited uses HDFC Bank ($1.99B, 100%), Axis Bank Limited ($3.52M, 0%) and Icici Bank ($197K, 0%) as custodians for its separately managed accounts. Avendus Wealth Management Private Limited does not have custody of client assets.
- HDFC BankHDFC Bank LTD · Mumbai · $1.99B100%
- OtherAxis Bank Limited, Icici Bank0%
What the accounts hold
- Other100%
- Indian securities100%
How many clients does Avendus Wealth Management Private Limited have?
Avendus Wealth Management Private Limited has 546 clients and manages $2 billion for them, as of July 2026. They include 366 individual clients, 149 corporations and other businesses, and 31 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 1 July 2026
What services does Avendus Wealth Management Private Limited offer?
Avendus Wealth Management Private Limited provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Avendus Wealth Management Private Limited use?
Avendus Wealth Management Private Limited’s separately managed account assets are held at HDFC Bank LTD (Mumbai), with $1.99B, Axis Bank Limited (Mumbai), with $3.52M and Icici Bank LTD. (Mumbai), with $197K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 1 July 2026
How many financial advisors does Avendus Wealth Management Private Limited have?
Avendus Wealth Management Private Limited has 0 investment adviser representatives registered with state securities authorities, out of 248 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Avendus Wealth Management Private Limited invest in?
At the end of its last fiscal year, Avendus Wealth Management Private Limited’s separately managed accounts held 100% other. The 100% other category is described as: Indian Securities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Avendus Wealth Management Private Limited?
Avendus Wealth Management Private Limited is owned through a holding company by Redpoint Investments Pte LTD. Its direct owner is Avendus Capital Private Limited (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 1 July 2026
How does Avendus Wealth Management Private Limited get paid?
Avendus Wealth Management Private Limited is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Avendus Wealth Management Private Limited?
Avendus Wealth Management Private Limited’s main office is at Platina BLDG, 9th Floor, Plot No. C-59, Bandra Kurla Complex, Bandra (E),, Mumbai, India 400 051. Its phone number is 912266480909.