Wealth First Portfolio Managers Ltd. · NSE:WEALTH
Wealth First Portfolio Managers — Q1 FY27 Earnings Presentation
39 slides from Wealth First Portfolio Managers's earnings presentation, Aug 14, 2026
Slide 1: Covering letter: revised investor presentation
DATE: 14TH AUGUST, 2026 To To Manager - Listing Department Head – Listing Operations, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot No. C/1, G Block, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Bandra (E), Fort, Mumbai – 400 001 Mumbai-400051 BSE SCRIP CODE: 544536 NSE
Slide 2: Investor Presentation Q1 FY27
Investor Presentation Investor Presentation | Q1 FY27 Q2 & H1 FY26
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides which have been prepared by Wealth First Portfolio Managers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Q1 FY27 Financial Highlights
Q1 FY27 Financial Highlights
Slide 5: Management Commentary
Management Commentary Commenting on the results and performance for Q1 FY27, Mr. Ashish Shah, Managing Director of Wealth First Portfolio Managers Limited said: “This quarter marks an important milestone in the journey we embarked on, eighteen months ago, to put in place the key growth engines that
Slide 6: Acquisition Overview
Acquisition Overview Brief on Target Company (Promoter Group) Financials for FY26 (Rs. Cr) Deal Contours • Established in 2001, Wealth First Advisors (‘WFA’) is a wealth management and financial distribution firm providing Revenue PAT Networth • Acquisition to be completed in two phases investment a
Slide 7: Towards a Larger Vision
Towards a Larger Vision From License to Launch: Final Product Setup Underway Lakshya – Built to create meaningful impact Clear Focus To participate in India’s journey of mobilization of savings towards investing, we have launched an AMC under the name of Purpose-driven solutions for real investor ne
Slide 8: Wealthshield: Building The Foundation for Scalable Growth
Wealthshield : Building The Foundation for Scalable Growth Insurance has always been a key part of our wealth management philosophy. To participate in the growing insurance sector, we expanded into the Insurance Broking business and received the Insurance Broking licence from IRDAI, enabling our ent
Slide 9: PMS: Addressing an Investment Gap for NRIs
PMS: Addressing an Investment Gap for NRIs Our philosophy has always been simple: identify a genuine client need first, then build the right solution Our Solution The Opportunity The Challenge Nifty 100 Index PMS Demand for Indian equity exposure Investments through pooled investment among US and Ca
Slide 10: Evolution To Serve Better
Evolution To Serve Better From a pure play Wealth Management player to a comprehensive financial solutions provider All Under One Roof Now A Comprehensive Financial Solutions Partner Then Pure Play Wealth Asset Management Insurance Broker Wealth Management Management (AMC) (Life & General) Focused o
Slide 11: Consistent growth Across Trail Base Revenue and AUM
Consistent growth Across Trail -Base Revenue and AUM (In Rs. Cr) Consistent growth in Trail Base Revenue Strong growth in Trail Base AUM +27.8% 6,401 +21.2% 5,980 5,448 11.8 12.3 11.1 3,299 5.7 6.4 2,398 Jun-22 Jun-23 Jun-24 Jun-25 Jun-26 Jun-22 Jun-23 Jun-24 Jun-25 Jun-26 10 Please note: Trail Base
Slide 12: AUA Overview
AUA Overview AUA by Asset Class (in Rs. Cr) ▲14.9% ▲5.5% ▲24.9% ▲86.0% ▲2.9% ▲33.8% ▼18.4% ▼14.6% ▲13.9% ▲3.6% ▲9.3% ▲15.2% Growth QoQ Growth YoY Growth QoQ Growth YoY Growth QoQ Growth YoY Growth QoQ Growth YoY Growth QoQ Growth YoY Growth QoQ Growth YoY 6,194 207 81 234 2,588 4,387 5,868 78 224 2,
Slide 13: Operational Performance
Operational Performance Relationship Managers Total Clients 37 45 6,626 6,967 Strong RM Vintage: 20,969 21,986 13 15 2,910 3,007 1,030 1,384 • RM count increased by 22% YoY 6 3,395 3,311 • The RM vintage stood strong with 53% 5 of RMs being associated with the 8 11 Company for >5 years whereas 29% o
Slide 14: Equity Net Inflows
Equity Net Inflows Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 (In Rs. Cr) 1,46,754 3,46,536 90,321 1,84,091 4,17,053 Industry Net Inflows – Net Inflows – Net Inflows – Net Inflows – Net Inflows – SIP SIP SIP SIP SIP Purchases Purchases Purchases Purchases Purchases -9,218 -15,127 1,27,701 -3,053 -3,529 1,55
Slide 15: Consolidated Profit and Loss
Consolidated Profit and Loss Particulars (in Rs. Cr) Q1 FY27 Q1 FY26 YoY Q4 FY26 QoQ FY26 Revenue from operations was lower on both a YoY and QoQ basis. The YoY comparison was primarily impacted by a higher base in Q1FY26, which benefited Income from strong traction in the insurance business in Q4 F
Slide 16: Proforma Financial & Operating Metrics
Proforma Financial & Operating Metrics (In Rs. Cr) WFA Consolidated Particulars (in Rs. Cr) Wealth First Portfolio Managers (Target Company) (Proforma) FY26 Q1FY27 FY26 Q1FY27 FY26 Q1FY27 Revenue from Operations 68.4 14.3 17.9 4.4 86.3 18.7 Profit Before Tax 51.7 13.7 7.8 2.5 59.5 16.2 ARR AUM 5,558
Slide 17: About Us
About Us
Slide 18: About Us
About Us Wealth Business AMC • Headquartered in Ahmedabad, Gujarat with having presence in 33rd* 90 12 RM Vintage: Surat, Pune and Mumbai 53% > 5 years • Over three decades of trusted wealth management expertise Rank in India – MF Distribution Team Size • Independent, client-first wealth manager foc
Slide 19: Operational Excellence: Six Years of Strategic Growth
Operational Excellence: Six Years of Strategic Growth Total Clients Person Years of Experience Trail-Based AUM: Exceptional Growth Trajectory 16,773 21,746 480 1,014 FY20 FY26 FY20 FY26 ₹5,558 Cr Families Served New Client Added in a Year FY26 ₹1,612 Cr FY20 4,851 6,889 372 987 FY20 FY26 FY20 FY26 S
Slide 20: Our Offerings
Our Offerings PRODUCTS SERVICES Investment Strategising Trade-Execution- Portfolio Review Fixed Deposits Treasury Bonds Direct Bonds Asset Research Broking and Accounting Taxable & Tax- Direct Equity Mutual Funds Retirement Planning Tax Planning Asset Allocation Free Bonds International Pension Prod
Slide 21: Our Journey
Our Journey ✓ The final SEBI inspection has been concluded, and approval is in its final stages ✓ Obtained an IRDAI license as a Direct Insurance Broker and strategically expanded our operations in this segment ✓ 2016: First IFA practice listed on ✓ Listed on BSE NSE ✓ 2017: Crossed Became a one-sto
Slide 22: Board of Directors
Board of Directors Mr. Ashish Navnitlal Shah Ms. Hena Ashish Shah Managing Director (Promoter) Whole-Time Director (Promoter) Ms. Binal Gandhi Mr. Amit Trivedi Non-Executive Director Independent Director Mr. Saurabh Sonthalia Mr. Siddharth Shah Independent Director Independent Director 21
Slide 23: Key Management Personal
Key Management Personal Mr. Rakesh Shah Mr. Dhiren Parikh Mr. Manish Kansara Chief Investment Officer Chief Financial Officer Chief Operations Officer Mr. Nirad Shah Mr. Nishil Pandya Ms. Sajni Patel Senior Vice President - Sales Head - Business Head - Business Development & Strategy Development & S
Slide 24: Company Strategy
Company Strategy
Slide 25: The Wealth First Way: Sustainable Growth Built on Relationships
The Wealth First Way: Sustainable Growth Built on Relationships Built on Trust. Driven by Knowledge. Sustained by Relationships. Knowledge & Foundation Relationships Philosophy • ~70% of client base from • Knowledge-first engagement • Referral-led growth model built Gujarat - our cornerstone through
Slide 26: Our Unique Selling Proposition
Our Unique Selling Proposition Transparent Engagement Clear risks, outcomes & returns 01 Simplicity & Integrity Long-term focus over sales tactics Client Empowerment 02 Education-driven, confident decisions 07 Personalised Strategies Capital Protection Tailored, tax-efficient solutions Risk-managed,
Slide 27: What Makes Us Resilient
What Makes Us Resilient Deep Product Expertise Extensive research across asset classes enables seamless Process Strength and Sustainability transition to superior, risk-aligned opportunities Robust systems and frameworks built to deliver stability, consistency, and resilience across market cycles St
Slide 28: Industry Overview
Industry Overview
Slide 29: Indian Wealth Management is a $2.7 Tn Opportunity
Indian Wealth Management is a $2.7 Tn Opportunity • India’s wealth inequality is stark, with the ultra-rich holding a significant share of the country’s assets and this concentration is expected to grow • The top 1% of Indian households account for 30–40% of income, a high share of savings, and near
Slide 30: Large Untapped Investor Base Supporting Industry Growth Visibility
Large Untapped Investor Base Supporting Industry Growth Visibility Penetration Seen As Unique MF Investors Remains Very Low Large Young Population Provides Visibility For Growth Sustainability ~1.4 Bn No. of yrs Population of India 0-19 23.0% 25.0% 35.0% 660-680 Mn Aadhar-linked PAN Cardholders 20-3
Slide 31: Expanding Mutual Fund Penetration; Market Depth Is Expanding
Expanding Mutual Fund Penetration; Market Depth Is Expanding Total MF folios rising rapidly; almost doubled since Individual MF folios are rising and average AUM per folio FY22 – until Dec’25(in Mn) has remained rangebound 180 192 176 195 146 165 164 261 235 260 233 178 177 146 129 145 130 97 89 90
Slide 32: Rising Growth in India's Specialized Wealth Management
Rising Growth in India’s Specialized Wealth Management Specialized wealth managers form ~11% of the total $2.7 Tn in serviceable assets; Large headroom for growth • Dedicated wealth managers in India are India HH Net Worth/ Assets ($19.6 Tn) projected to grow their assets under "Uber Rich" AUM manag
Slide 33: Active Equities AUM poised for +20% CAGR in the medium-term
Active Equities AUM poised for +20% CAGR in the medium -term • Equities AUM has posted a 27% CAGR over the past decade, driven by approximately 12% CAGR in MTM gains, with the remainder contributed by net inflows • It is expected to continue growing at over 20% CAGR in the medium term, supported by
Slide 34: Historical Performance
Historical Performance
Slide 35: Operational Performance
Operational Performance Relationship Managers RM Vintage (%)* (In Rs. Cr) 0 to 3 years 3 to 5 years 30 29 35 41 45 5 to 10 years 37% 35% 33% 12 13 14 15 43% 42% >10 years 13 5 6 11% 13% 13% 1 1 4 3% 3% 7 10 11 27% 24% 23% 25% 24% 8 8 8 9 10 12 13 27% 31% 29% 30% 29% Mar-23 Mar-24 Mar-25 Mar-26 Jun-2
Slide 36: AUA Growth Over The Years
AUA Growth Over The Years… Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 4,387 3,410 3,741 4,014 3,253 3,018 6,194 4,420 5,304 5,392 204 191 45 183 212 234 2,588 81 91 48 60 78 207 1,985 2,224 2,272 1,468 69 82 166 Total AUA Rs. 8,078 Cr. Rs. 10,114 Cr. Rs. 11,623 Cr. Rs. 12,157 Cr. Rs. 13,647 Cr. Total ARR AU
Slide 37: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (in Rs. Cr) FY26 FY25 FY24 FY23 Income Revenue from operations 68.4 53.2 54.3 29.5 Other Income 2.7 6.9 12.6 -0.1 Total Revenue (I+II) 71.1 60.1 67.0 29.4 Employee benefit expense 11.8 9.0 8.1 6.7 Other expenses 7.2 4.0 3.0 3.5 Total Operat
Slide 38: Historical Consolidated Balance Sheet Statement
Historical Consolidated Balance Sheet Statement Particulars (in Rs. Cr) Mar-26 Mar-25 Mar-24 Mar-23 Particulars (in Rs. Cr) Mar-26 Mar-25 Mar-24 Mar-23 ASSETS EQUITY Non-current assets Equity share capital 10.7 10.7 10.7 10.7 Property, Plant and Equipment 2.4 0.8 0.7 0.7 Other equity 139.8 117.9 107
Slide 39: THANK YOU !
THANK YOU ! Company: Wealth First Portfolio Managers Limited CIN: L67120GJ2002PLC040636 Mr. Nishil Pandya / Ms. Sajni Patel [email protected] / [email protected] www.wealth-firstonline.com Investor Relations: Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285 Mr. Karan Thakker /
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