Nuvama Wealth Management Limited · NSE:NUVAMA
Nuvama Wealth Management — Investor Presentation (May 2026)
51 slides from Nuvama Wealth Management's investor presentation, May 2026
Slide 1: Company Overview May 2026
NUVAMA Company Overview May 2026 1
Slide 2: Contents
Contents 1 2 3 4 5 About Us Industry Overview Year Gone By Our Businesses Strategy 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 2. INDUSTRY OVERVIEW ▪ Integrated wealth management platform with exhaustive suite of offerings 3. YEAR GONE BY ▪ Only established player with prove
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 ₹ 4.5+ trillion 3,400+ employees across 100+ offices 1,250 RMs Strong Governance Unique Proposition Experienced board and Multi Client Se
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 ~8
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 of 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’s wealth landscape - powered by secular growth 1. ABOUT US trends ▪ Alternatives markets in India - poised to transform backed by 2. INDUSTRY OVERVIEW strong growth drivers ▪ Making this a self-reinforcing loop culminating in a structural 3. YEAR GONE BY and scalable opportu
Slide 13: India's wealth landscape - secular growth trends
India’s wealth landscape - powered by secular growth trends PRESENT TRENDS OUTLOOK WEALTH TO GDP DEMAND SIDE USA INDIA 1. Rising affluence and growth 6.5x 4.5x beyond tier 1 cities 2. Favoring investment assets over traditional financial assets Wealth under SHARE OF FINANCIAL WEALTH 3. Shift from pr
Slide 14: Alternatives markets in India
Alternatives markets in India - poised to transform backed by strong growth drivers PRESENT TRENDS OUTLOOK ALTERNATIVES AS A % OF TOTAL AUM DEMAND SIDE GLOBAL INDIA 1. Rising allocations from HNIs and 15% 7% UHNIs to alternates 2. Search for alpha & risk- adjusted returns Alternates market AIF AUM T
Slide 15: Self-reinforcing loop, structural and scalable opportunity
Making this a self-reinforcing loop culminating in a structural and scalable opportunity 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 poo
Slide 16: Contents Summary
Contents Summary ▪ Delivered another year of resilient performance and 1. ABOUT US sustained growth ▪ Creating long term value for stakeholders 2. INDUSTRY OVERVIEW ▪ Driving growth by enhancing client proposition and enterprise capabilities 3. YEAR GONE BY o Expanding horizontally, integrating vert
Slide 17: Delivered another year of resilient performance
Delivered another year of resilient performance and sustained growth All figures are in ₹ Cr REVENUE OPERATING PROFITS COST TO INCOME 5Y CAGR YoY 5Y CAGR YoY 5Y DELTA YoY 26% 8% 39% 6% 17% 1% 3,122 1,049 2,901 986 73% 2,063 70% 69% 597 1,575 62% 1,322 998 368 55% 56% 292 200 FY21 FY22 FY
Slide 18: Creating long term value for stakeholders
Creating long term value for stakeholders All figures are in ₹ Cr NETWORTH RETURN ON EQUITY DIVIDEND 5Y CAGR YoY 5Y DELTA YoY Dividend history1 21% 18% 12% 3% ₹ 14 per share: Declared in May‘26 ₹ 14 per share: Declared in Nov‘25 31.5% ₹ 13.8 per share: Declared in May‘25 4,121 28.1% ₹ 12.6 p
Slide 19: Driving growth by enhancing client proposition and enterprise capabilities
Driving growth by enhancing client proposition and enterprise capabilities EXPANDING HORIZONTALLY, INSTITUTIONALIZING INTEGRATING VERTICALLY SYSTEMS & PROCESSES Building Scale People Established new and deepened existing Strengthened leadership, capability and relationships, improving market share c
Slide 20: Expanding horizontally, integrating vertically
Expanding horizontally, integrating vertically enhancing client value proposition Building Scale Expanding Reach Best-in-class Solutions Service Excellence o MP: Open architecture o NPS: Wealth-85, Private-65 o AUM: ₹ 3.1 trillion, 7% YoY o EWM: 8,000+ active partners o AM: Co-investing o Recognit
Slide 21: Institutionalizing systems and processes
Institutionalizing systems & processes, enhancing enterprise capabilities People Governance Technology Brand o Building future-ready skills: o Operating Structure: Robust o Institutional-grade o Purpose: ‘Let’s do it right’ 700+ employees trained on governance architecture, infrastructure: Built on
Slide 22: Nuvama Values EFG
Nuvama Values “EFG”: Co-creating a culture that reflects who we are EXCELLENCE IN EXECUTION FAIRNESS GROWTH We are inclusive, respectful and We are entrepreneurial, offering We are committed to display display integrity in all our opportunities for innovation and ownership, learning and agility to i
Slide 23: AI Across Nuvama
AI Across Nuvama: Progressing from experimentation to capability 1. Client Revenue Acquisition & 2. Customer Servicing Experience & 3. Operations 4. Human Capital AI alongside RMs on proposal 360° client intelligence surfacing Document AI across onboarding, AI in hiring and candidate generation, pro
Slide 24: Brand Purpose
Brand Purpose: At Nuvama, we always put your interest over ours. Period. CNBC TV18 STRATEGIC NUVAMA 21st INDIA Let’s do it right PARTNERSHIP INVESTOR CONFERENCE The brand’s purpose Year-long deal creating India's first IP: Market Central powered by The flagship IP grew bigger and bolder y-o-y, becom
Slide 25: Contents Summary
Contents Summary ▪ An integrated wealth management platform offering a 1. ABOUT US complete suite of services: o Wealth Management 2. INDUSTRY OVERVIEW o Asset Management o Asset Services 3. YEAR GONE BY o Capital Markets ▪ Our value proposition: 4. OUR BUSINESSES o Solution oriented approach, fulfi
Slide 26: 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 4,750+ ~1,250 ₹ 3,13,787 Cr Client Assets Advisory Ultra High Networth Families Wealth RMs Wealth Management Exchange Trade
Slide 27: Our Businesses
Our Businesses Asset Services and Wealth Management Asset Management Capital Markets 27
Slide 28: Nuvama Wealth
Nuvama Wealth One of the leading wealth managers in Affluent and HNI client segments Well scaled Wide presence across India ₹ 1,07,110 Cr of client assets ~1,100 RMs and ~8,000 Active External Wealth Managers (EWM) 1.3+ million clients. ~20% serviced by RMs & External Wealth Managers Covering 500+ l
Slide 29: 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 30: 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 31: Nuvama Private
Nuvama Private Amongst top 2 independent private wealth players Well scaled High-quality team ₹ 2,06,677 Cr of client assets 145+ relationship managers 4,750+ families Comprehensive Solutions High customer satisfaction Investments | Lending | Estate Planning Net Promoter Score of 65 Family Office |
Slide 32: 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 33: 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 34: Nuvama Asset Management
Nuvama Asset Management Focused and high-performing alternatives asset management business Scaling with Speed Active Strategies AUM of ₹ 12,807 Cr Private Markets + Public Markets + Commercial Real Estate 85% of this being fee paying High-Quality Investment Team Strong Distribution 25+ investment pr
Slide 35: 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 36: 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 37: 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 38: Asset Services: A recurring, rising and 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 39: 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 40: Doing it right! Driving growth, earning recognition
Doing it right ! Driving growth, earning recognition Recognized with prestigious awards for excellence in Q4 FY26 o Highly Commended Best Private Bank – India - Asian Private Banker's 15th Awards for Distinction o India's Best for Ultra-High-Net-Worth (UHNW) - Euromoney Private Banking Awards 2026 o
Slide 41: 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 ISO 27001 for information security Published BRSR report for FY25 designing. management system Aligning our approach towards ESG and CSR 55% of total power from renewable sources Net
Slide 42: CSR: Creating impact beyond business
CSR: Creating impact beyond business Education o Digitized 50 classrooms; built 6 classrooms o Supported library & counselling room for children with disabilities o Trained 8,500 teachers; enabled financial literacy for 32,000 children o Reached 9,500 children via play-based learning; 6,000 through
Slide 43: Contents Summary
Contents Summary 1. ABOUT US ▪ Necessary fundamentals in place ▪ Adequately capitalized to achieve future goals 2. INDUSTRY OVERVIEW ▪ Well defined trajectory for each segment 3. YEAR GONE BY 4. OUR BUSINESSES 5. STRATEGY 43
Slide 44: 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 45: Well defined trajectory for each segment: Wealth Management
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 46: Well defined trajectory: Asset Management
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 47: Well defined trajectory: Asset Services
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 48: Annexures
INalatsy.lisys “a nuvama
Slide 49: 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 50: 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 51: 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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