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1 — At a Glance
For the quarter ended June 2026, 360 ONE WAM posted revenue of ₹1,226 crore, up 34.5% from ₹911 crore a year earlier. Operating Profit came in at ₹773 crore against ₹566 crore, and PAT reached ₹331 crore versus ₹285 crore — a 16.1% rise. EPS moved to ₹8.13 from ₹7.04. Total assets under management stood at ₹7,76,755 crore as of June 2026, with the company reporting ARR AUM of ₹3,42,035 crore, up 19% year-on-year.
The same board meeting that cleared these results also disclosed income-tax demand orders totalling ₹336.14 crore at the consolidated level and ₹192.42 crore standalone, following a search under Section 132 conducted in an earlier quarter. The auditor added an Emphasis of Matter paragraph on this, while stating its conclusion was not modified. The board separately approved an Employee Stock Appreciation Rights Scheme covering up to 11,20,000 rights.
Promoter holding sat at 6.24% as of March 2026, down from 21.46% two years earlier. Foreign institutions held 63.33%, domestic institutions 12.75%.
So the growth engine and the taxman turned up in the same filing. More on how they got there below.
2 — Introduction
360 ONE WAM Limited, the firm formerly known as IIFL Wealth Management, was founded in 2008 and demerged from the IIFL group in 2019 before listing that September. It runs three verticals — Wealth Management, Asset Management, and Capital Markets — serving high- and ultra-high-net-worth clients, with a stated primary focus on those holding ₹50+ crore of investable assets.
The recent stretch has been busy. In September 2025 the company, through subsidiaries, completed the acquisition of UBS AG affiliates’ India wealth businesses, including Credit Suisse Securities (India)’s broking and distribution operations for ₹175 crore and its portfolio management business for ₹132 crore. In November 2025 it signed a Collaboration Services Agreement with UBS AG for exclusive cross-border client referrals. In April 2026 subsidiary 360 ONE Alternates Asset Management completed the acquisition of Quark Solar Private Limited for ₹9.39 crore.
Management has articulated targets of 20–25% growth in Wealth Management AUM and a 25–30% annual expansion of the relationship-manager team over three to four years. The reported client base grew to 8,576 relevant clients in FY26 from 7,527 in FY25.
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3 — Business Model: WTF Do They Even Do?
Strip away the awards slides — and there are a lot of awards slides — and 360 ONE is in the business of minding rich people’s money and charging a recurring fee for the privilege. The pitch is elegant: find someone with ₹50 crore-plus sitting around, become their “manager of first choice,” and clip a basis-point toll on assets that mostly stay put.
Wealth Management is the big engine, offering discretionary and non-discretionary portfolio management, distribution across mutual funds, AIFs and PMS, plus lending, corporate treasury, and estate planning. It manages assets for 8,900+ families and corporates and serves 600+ corporate treasuries. Then there’s Asset Management — one of India’s larger alternative managers, spanning private equity (100+ portfolio companies), private credit (₹22,500+ crore deployed), real assets, and public markets. The private-credit unit reports 400+ transactions and ₹12,000 crore of exits. Capital Markets is the newest limb: institutional broking to 300+ clients, mid- and small-cap research on 500+ companies, and an equity-capital-markets desk chasing IPOs and QIPs.
The revenue mix tells the actual story. Annual Recurring Revenue was 75% of the total in FY26, up from 70% in FY25; transaction and brokerage income fell correspondingly to 25%. In plain terms, the business keeps trying to convert lumpy one-off broking fees into predictable annuity streams — the financial equivalent of turning a food truck into a subscription meal-kit. Total AUM was ₹6,74,492 crore at FY26 year-end versus ₹5,81,498 crore a year prior, with Wealth Management contributing 86% of the pile.
The catch baked into the model: fee income tracks market levels and client sentiment, both of which do as they please.
4 — Financials Overview
Figures are consolidated, in
