May 2026
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Largest Asset Management Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
ICICI Prudential Asset Management, Bajaj Holdings & Investment Limited, Aditya Birla Capital, Motilal Oswal and 360 One Wam.
 | ICICI Prudential Asset Management Co Ltd is an asset management and wealth management company. The company caters its services to individuals and institutional investors. It offers a variety of Mutual funds, Debt schemes, Exchange traded funds, Retirement funds, and Other related products. | $35 | -- | $17B | $17B | 28.1x | 35.9x | ||
| Bajaj Holdings and Investment Ltd is an investment holding company that chooses equities from both the public and private equity markets. The company is essentially a holding and investment company focusing on earning income through dividends, interest, and gains on investments held. The company's sectoral allocations to equity investments include Consumer Discretionary, Consumer Staples, Financials, Industrials, Materials, Real estate, Technology, Energy, Healthcare, and Communication Services. | PE & VC+1 | $107 | -31% | $12B | $12B | 11.1x | - | |
| Aditya Birla Capital Ltd is a financial service provider. The company's products include Non-Bank Financial Services, Housing Finance, Life Insurance, Asset Management, General Insurance Broking, Stock and Securities Broking, Health Insurance and Other Financial Services. Its operating segments consist of Lending, and Investing and Others. The Lending segment consists of Loans (personal, business, etc.), loan against property, structured finance, working capital loans, wealth management, distribution of financial products, etc. The Investing and Others segment includes investments in Group companies Geographically, it derives a majority of its revenue from India. | $4 | +25% | $10B | $28B | 6.1x | 41.5x | ||
| Motilal Oswal Financial Services Ltd provides a range of financial services, including private wealth management, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodity broking, and home finance. The group majorly generates revenue through its broking operations. Its broking and distribution segment offers research-based advisory services to help retail customers across India make investment decisions. The services cover various asset classes and investment types, such as mutual funds and insurance products. | $9 | -4% | $5B | $6B | 9.3x | 13.1x | ||
| 360 One Wam Ltd is a holding company to its subsidiaries engaged in wealth and asset management services, including financial asset distribution, broking, lending, credit, and investment solutions, and asset and portfolio management. Its business segments are Wealth Management segment comprises the distribution of financial products, advisory, broking, and research, discretionary and non-discretionary portfolio management services, corporate treasury solutions, estate planning, and Other; and Asset Management segment generally comprises management of pooled funds under various products and structures such as mutual funds, alternative asset funds, portfolio management and related activities, including advisory, offshore spanning public, and Other. | $11 | -12% | $5B | $6B | 18.4x | 20.8x | ||
| Tata Investment Corp Ltd is an Indian investment company. It invests in a diversified portfolio of quoted and unquoted securities of companies, including Tata Companies, which are engaged in various businesses. The company mainly focuses on investing in long-term investments. It also invests in units of mutual funds, bonds, and venture capital funds. Its primary sources of income consist of dividend income and interest income. | $7 | -5% | $4B | $4B | 65.3x | - | ||
| JM Financial Ltd is an India-based financial services group, specialising in providing a range of businesses to corporations, financial institutions, high-net-worth individuals, and retail investors. Its operating segment includes Investment Banking; Asset Management, Wealth Management and Securities Business (Platform AWS); Mortgage Lending; Alternative & Distressed Credit; and Others. The Investment Banking segment, which is the key revenue-generating segment, includes management of capital markets transactions, advising on mergers & acquisitions, and private equity syndication. This segment also includes institutional equities business and research, private wealth management, PMS, private equity funds, fixed income, syndication, and finance. | $1 | -22% | $1B | $3B | 6.9x | - | ||
| Median | $9 | -9% | $5B | $6B | 11.1x | 28.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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