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360 ONE Asset Management Limited
360 ONE Asset Management Limited (formerly IIFL Wealth) manages ~$35B for Indian HNWIs and family offices across public equities, PE, and real estate.
360 ONE Asset Management Limited
360 ONE Asset Management Limited, rebranded from IIFL Wealth & Asset Management in 2022, was co-founded by Karan Bhagat and began operations as the wealth management arm of India Infoline Group (now IIFL Finance). The firm went public in 2019 and is now a separately listed entity on Indian exchanges, led by Bhagat as managing director alongside CEO Aniruddha Shahane for the asset management division. The firm deploys capital across public equities, private equity, real estate, and fixed income, serving high-net-worth individuals, family offices, and institutional clients. Its investment mandates include direct equity stock picking, private equity fund commitments, and structured real estate opportunities in Indian tier-1 cities. Known portfolio holdings include investments in Indian unicorns such as Zomato and Nykaa, though the firm does not maintain a public holdings list (per public filings, 2019-2022). Geographic focus is primarily India, with selective cross-border allocations. As of 2022, 360 ONE reported roughly $35B in assets under management (per public filings). The firm employs several hundred professionals across Mumbai and additional offices in Delhi and Bengaluru. It also operates a philanthropic foundation, the 360 ONE Foundation, focused on education and healthcare in underserved Indian communities. February 2023: The firm launched a dedicated private equity fund for domestic family offices, targeting $500M in commitments (per news reports, February 2023). What distinguishes 360 ONE from a pure family office or traditional asset manager is its publicly listed corporate structure, which provides transparency on AUM and business performance. This hybrid model allows it to operate as an independently managed wealth and asset manager while retaining the long-term, multi-asset approach typical of a family office — serving as a quasi-institutional partner to India's high-net-worth families.
General information
Firm type
Asset Manager
Year founded
2005
AUM
$35B (per public filings, 2022)
Location
Region
Asia
Country
India
City
Mumbai
Corporate office
Mumbai, Maharashtra, India
Principals
Karan Bhagat
Founder and Managing Director
Aniruddha Shahane
Chief Executive Officer, 360 ONE Asset Management
Sector focus
Frequently asked questions
Who runs investment decisions at 360 ONE Asset Management?
Aniruddha Shahane serves as CEO of 360 ONE Asset Management, overseeing the investment team. Founder Karan Bhagat remains managing director of the parent company 360 ONE Wealth & Asset Management. The firm operates with a professional investment committee that sets strategy (per public filings).
How does 360 ONE source proprietary deal flow?
The firm leverages its wealth management network of over 200,000 high-net-worth clients in India to originate private equity and real estate deals. It also has dedicated private equity and real estate teams that scout opportunities directly, often through co-investment structures alongside Indian PE firms (per company presentations).
Is 360 ONE structured as a family office or an asset manager?
360 ONE is a publicly listed asset and wealth management firm — not a single family office. However, its core client base consists of family offices and HNWIs, and it operates with a multi-asset, long-term investment posture similar to a family office. Its listed structure requires public disclosures.
Does 360 ONE participate in fund commitments or only direct deals?
Both. The firm commits capital to third-party PE funds and also does direct co-investments. It has launched its own private equity fund-of-funds and direct deal SPVs for clients, such as the February 2023 family office PE fund targeting $500M (per news reports).
What investment stages does 360 ONE typically target?
In public equities, the firm invests across large-cap, mid-cap, and small-cap Indian stocks. In private equity, it targets growth-stage and late-stage companies, often participating in funding rounds of Indian unicorns. It also invests in real estate development and income-generating properties.
Which sectors does 360 ONE explicitly avoid?
The firm does not publicly disclose a sector exclusion list. However, it has historically avoided heavy exposure to commodities and highly regulated sectors like tobacco, preferring technology, financial services, consumer, and healthcare (per investment strategy documents).
Where does the underlying wealth managed by 360 ONE come from?
360 ONE manages assets for Indian family offices, high-net-worth individuals, and institutional clients. Many of its clients are first- or second-generation entrepreneurs in sectors such as technology, manufacturing, finance, and real estate. The firm does not disclose individual client identities.
Does 360 ONE maintain philanthropic structures, and how are they separated?
Yes, the firm operates the 360 ONE Foundation, which is funded separately from the asset management business. Founded in 2007, the foundation focuses on education and healthcare in rural and underserved areas of India. It is a separate legal entity with its own board (per the firm's website).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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