Shriram Group forays into wealth management through joint venture with Sanlam
Sanlam will have a 50% stake in the joint venture. 'With Shriram Wealth, our vision is to be the most trusted partner, maximizing client wealth and create value that endures over time,' said Vikas Satija, Managing Director & CEO of Shriram Wealth.
The company targets a ₹50,000 in Asset Under Advice (AUA) in the next five years, according to the statement. 'The venture will begin operations in India's top 10 cities, expanding to 20 cities in next year, with a strong focus on Tier 2 and Tier 3 markets — regions where Shriram Group has long-standing brand equity,' the statement read.
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