360 ONE WAM LIMITED

Operates a wealth and asset management business that charges recurring fees on assets under management (AUM) for advisory, distribution, and fund management services to high-net-worth and ultra-high-net-worth Indian families, institutions, and intermediaries. Wealth Management contributed Rs 3,458.38 cr (77.2% of segment revenue) in FY26 with EBIT of Rs 1,038.74 cr, distributing financial products and providing advisory to wealthy families. Asset Management contributed Rs 1,016.35 cr (22.7% of segment revenue) with EBIT of Rs 535.61 cr, running mutual fund and alternate investment products internally. The largest cost line is employee expense at 26% of revenue, reflecting a relationship-manager-driven model — the UHNI franchise covers ~4,100 families and the HNI franchise uses 60+ RMs across 12 locations serving 800+ clients with Rs 5,000+ cr AUM. The institutional equity brokerage business (acquired as B&K Securities) covers 550+ mid/small-cap stocks and serves 300+ clients, with over 85% of broking revenue from the cash segment. As of Q1 FY27, total AUM stood at Rs 7.77 lakh cr, of which Rs 3.42 lakh cr is annuity-style (ARR) AUM generating recurring fees; cost-to-income ratio was 51.3%, with management guiding to 49–50% for FY27.