Avendus Wealth Management Private Limited (Bandra(East) Mumbai)

Name: Avendus Wealth Management Private Limited
Address: Il&Fs Financial Center, 6 Th Fl, Bandra(East) Mumbai, 400 051
Telephone: +91-22-6648-0050

Avendus Wealth Management Private Limited is a large advisory firm based in Bandra(East) Mumbai. It manages $1.59 billion of regulatory assets for 792 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, New Jersey, New York, and Texas.

Avendus Wealth Management Private Limited provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as corporate finance advisory, fund management.

Avendus Wealth Management Private Limited: assets under management

The assets under management (AUM) of Avendus Wealth Management Private Limited is $1.59 billion. The firm's AUM has grown by 1713% since the beginning of its operation, and $158.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $83.12 million in discretionary accounts and $1.51 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $206.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.87 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Avendus Wealth Management Private Limited for their services and products based on a percentage of assets under management, fixed fees, commissions, and performance-based fees. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ranu Rajkumar Vohra serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Ranu Rajkumar Vohra is corporations or other businesses with 135 clients and $1.21 billion of assets under management. Among the 8 most similar advisory firms, Avendus Wealth Management Private Limited has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $1.59 billion for 792 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Avendus Wealth Management Private Limited doesn't advise any private funds.

Careers at Avendus Wealth Management Private Limited

The company employs 119 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Ranu Rajkumar Vohra has been acting as President since 1 Mar 2008. Aggarwal Kaushal Kumar joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ranu Rajkumar Vohra	Director	1 Mar 2008	Other	5900819
Avendus Capital Private Limited	Shareholder	1 Mar 2008	75% - 100%	foreign
Girish Shreekrishna Nadkarni	Director	1 Mar 2008	Other	6148169
Kartik Ramesh Kini	Chief compliance officer	1 Dec 2012	Other	5897484
Zarksis Falli Gotla	Executive director	1 Dec 2012	Other	5897491
George Aruvendra Mitra	Executive director	1 Dec 2012	Other	5897485
Nikhil Ramesh Kapadia	Chief executive officer	1 Dec 2012	Other	5897490
Munish Swadesh Kumar Randev	Executive director	1 Dec 2012	Other	5897487
George Aruvendra Mitra	Whole time director	1 May 2014	Other	5897485
Nikhil Ramesh Kapadia	Non executive director	1 May 2014	Other	5897490
Arvind Bansal	Head of products and advisory	1 Jul 2014	Other	6521620
Priya Mayuresh Sonavane	Chief compliance officer	1 May 2017	Other	6825055
Aggarwal Kaushal Kumar	Director	1 Jul 2017	Other	0

Indirect Owners

The SEC currently registers 15 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Ncb Capital Company	Shareholder	1 Oct 2006	50% - 75%	foreign
The National Commercial Bank	Shareholder	1 Apr 2007	75% - 100%	foreign
Ncb Capital Company	Shareholder	1 Jan 2008	50% - 75%	foreign
Eastgate Capital Holdings Inc.	Shareholder	1 May 2008	75% - 100%	foreign
Eastgate Capital Group Limited	Elected mananger	1 May 2008	Other	foreign
Eastgate Global Emerging Markets Direct Equity L.P	Shareholder	1 May 2008	75% - 100%	foreign
Eastgate Gem's Spv4 (Project Cyber)	Shareholder	1 May 2008	75% - 100%	foreign
The National Commercial Bank	Shareholder	1 Jun 2008	75% - 100%	foreign
Eastgate Gem's Spv4 S	Shareholder	1 Jul 2008	25% - 50%	foreign
Eastgate Gem's Spv4 S	Corporate owner	1 Jan 2010	25% - 50%	foreign
Eastgate Capital Holdings Inc.	Shareholder	1 Jan 2010	75% - 100%	foreign
Eastgate Global Emerging Markets Direct Equity L.P	Shareholder	1 Jan 2010	75% - 100%	foreign
Eastgate Gem's Spv4 (Project Cyber)	Shareholder	1 Jan 2010	75% - 100%	foreign
Eastgate Capital Group Limited	Shareholder	1 Jan 2012	75% - 100%	foreign
Redpoint Investments Pte Ltd	Shareholder	1 Feb 2016	50% - 75%	foreign

Based in Bandra(East) Mumbai

The principal office where Avendus Wealth Management Private Limited performs its advisory services is located at Il&Fs Financial Center, 6 Th Fl, Bandra(East) Mumbai, 400 051, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +91-22-6648-0050 or by fax +91-22-6648-1440. The normal business hours are 9:30 am to 6:30 pm on Monday - Friday. You can find more information about the New York firm at avendus.com.