₹35,000 Crore Wealth! Merger of Equirus and Sapient Finserv Creates a New Financial Powerhouse

News of a major deal has emerged from Mumbai. Financial services giant Equirus Group has merged with rapidly growing wealth management firm Sapient Finserv Group. This equity swap deal will create a new platform among India’s top 10 non-bank independent wealth managers, with a total AUM (managed assets) of ₹35,000 crore. This partnership opens new avenues for both companies to expand their wealth and family office services.

Deal Significantly Changes the Wealth Management Industry

This deal with Equirus Group is considered a significant milestone in the wealth management sector. Sapient Finserv already has an AUM of ₹13,500 crore and a monthly SIP book of ₹65 crore. This addition further strengthens Equirus’ portfolio.

Following the merger, Sapient Finserv founder Amit Biwalkar and co-founder Pallav Bagaria will join Equirus Wealth’s leadership team and board. This will provide shared direction for the company’s governance and vision.

Equirus MD Ajay Garg, Managing Director of Equirus Group, said the deal will “strengthen long-term growth and client-first approach.”

He explained that Sapient Finserv’s distinctive advisory style and trust-based client relationships have distinguished it.

According to him, “Equirus will now not only create value but also offer customized wealth solutions for HNI, UHNI, family office, and corporate clients, combining the expertise of both companies.”

A milestone for Sapient Finserv – Amit Biwalkar, Founder, Sapient Finserv, said, “We have always believed in being a long-term partner to our clients, not just a wealth manager.”

Now, together with Equirus, we are building the country’s most comprehensive wealth platform. Director and Co-Founder Pallav Bagaria added that this partnership is “a story of trust with scale.”