PE-VC Fund Investments
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.
For FY26, Parag Parikh Financial Advisory Services had reported about INR 3 Cr in Operating Income and about INR 27 Cr in PAT.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
