Broker

Nuvama

Nuvama Wealth Management Limited

Wealth management and broking platform for stocks, mutual funds, F&O, and portfolios, formerly Edelweiss Wealth Management, now backed by PAG.

Nuvama traces its roots to 1993 and operated for years as Edelweiss Wealth Management before global investment firm PAG acquired a controlling stake from Edelweiss Group in 2021. The business was rebranded as Nuvama Wealth Management in 2022 and listed on the NSE and BSE in September 2023. Led by CEO Ashish Kehair, it serves retail, HNI, and institutional clients through wealth management, asset management, and capital markets businesses, with roughly ₹4.6 trillion in assets under management as of mid-2025.