# Avendus Wealth Management Avendus Wealth Management is a Bank / Wealth / Trust based in Mumbai, India. ## Overview - **Organization type:** Bank / Wealth / Trust - **Headquarters:** Mumbai, India - **Region:** Asia - **Address:** Mumbai, India - **Founded:** 1999 - **Assets under management:** Undisclosed - **Website:** avendus.com - **LinkedIn:** https://linkedin.com/company/avendus-capital-inc ## Regulatory record - **CRD number:** 156771 - **SEC file number:** 801-72264 - **Registration status:** APPROVED - **Latest Form ADV filing:** 2026-02-09T06:00:00.000Z - **Reports private funds:** No - **Private funds reported:** 0 - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/156771 ## About Avendus Wealth Management Private Limited is a SEC-registered investment adviser in MUMBAI, registered since 2011. The firm manages approximately $2.0 billion in regulatory assets. It has 248 employees and 3 investment advisers. ## Sectors - Private Credit - Real Estate - Hedge Funds ## People - Andrew Holland — CEO, Avendus Wealth Management - Ritesh Chandra — Executive Director & Head, Client Solutions ## Questions ### Who runs investment decisions at Avendus Wealth Management? Andrew Holland serves as CEO of Avendus Wealth Management, a role he assumed after leading equities at Ambit Investment Advisors (per Mint, 2023). The investment committee includes executive director Ritesh Chandra, who oversees client solutions and product structuring. Portfolio management decisions for equity strategies are centralized under licensed portfolio managers, while venture capital and private market allocations are routed through the parent bank's deal-origination network. ### How does Avendus Wealth source proprietary deal flow in private markets? The unit leverages exclusive access to Avendus Capital's investment banking pipeline, which has advised on landmark Indian technology transactions — including the IPOs of Zomato and Nykaa, and the sale of Slice to North East Small Finance Bank. Founders whose companies Avendus has advised often become wealth management clients, creating a recurring deal channel into pre-IPO rounds, secondary share sales, and structured promoter-financing opportunities that are not broadly syndicated (per The Economic Times, 2022). ### What is KKR's relationship to Avendus Wealth Management? KKR acquired a controlling stake in Avendus Capital in 2015, bringing the wealth management division under the umbrella of one of the world's largest alternative asset managers (per KKR, 2015). The relationship gives Avendus Wealth clients access to KKR's global research and co-investment sourcing, while KKR gains on-the-ground distribution into Indian private wealth. Avendus Wealth operates independently of KKR's own India private equity team with separate investment committees and product approvals. ### What investment stages and structures does the firm offer? The firm offers PMS-managed public equity portfolios targeting Indian large-cap and mid-cap stocks, structured credit products including promoter financing and real estate credit, and alternative allocations to late-stage venture capital and pre-IPO rounds. Fund commitments to domestic VC funds are available through the parent bank's distribution agreements. Its newest offering, launched June 2024, formalizes pre-IPO allocations that previously existed as ad hoc client-direct opportunities. ### Does Avendus Wealth participate in offshore investments for Indian clients? Yes. The firm routes international allocations through India's Gift City International Financial Services Centre, which permits Indian residents to invest in global securities under the Liberalised Remittance Scheme. Clients can access US and European equities, select offshore private market funds, and dollar-denominated fixed income. Avendus has stated publicly that expanding offshore capabilities is a strategic priority for the wealth division (per Mint, 2023). ### Which sectors and exposures does Avendus Wealth explicitly avoid? The firm has no publicly stated exclusionary policy on sectors. However, its product composition reflects a deliberate concentration in Indian technology, consumer, and financial services — the sectors where Avendus Capital's investment bank maintains dominant advisory market share. Sectors such as heavy industrials, commodities, and commodity-dependent infrastructure appear infrequently in published portfolio management disclosures. Foreign-exchange speculation and unregulated digital assets are not offered to clients. ## Related profiles - [Avantax Advisory Services](https://altss.com/profile/avantax-advisory-services) - [Avenue Investment Management](https://altss.com/profile/avenue-investment-management) --- Last updated: 2026-07-06T00:31:05.834Z Canonical page: https://altss.com/profile/avendus-wealth-management Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology