Avendus PE invests Rs.140-Cr in Parag Parikh Financial Advisory Services

Avendus PE via Avendus Future Leaders Fund III has acquired a stake in Mumbai-based Parag Parikh Financial Advisory Services (PPFAS) for INR 140 crore. The transaction involved a secondary stake sale by promoter Neil Parag Parikh and Khushboo Joshi, the president of the firm.Founded in 1992, PPFAS is a wealth management firm that offers a platform encompassing mutual funds, wealth management, GIFT City funds, private equity and the National Pension System (NPS). The firm claims to have expanded its assets under management at a compound annual growth rate (CAGR) of approximately 70% over the last five years and reported assets under management of approximately INR 1.43 lakh crores as of June 2026.