Japan’s Daiwa expands India footprint with third investment in Ambit Group
Summary
Ltd, as part of a broader capital and business partnership with the financial services group. Ltd, which opened access to its Asia-Pacific network and set up collaboration across institutional equities and equity capital markets.Ambit Wealth, the wealth management arm of Ambit Group, is led by chief executive officer Amrita Farmahan and serves ultra-high-net-worth individuals and family offices in India. It claims that its assets under management were nearing $10 billion as of March 31, 2025.The partnership with Daiwa empowers us to enhance our digital capabilities, expand our bespoke investment architecture, and attract exceptional talent, said Farmahan.With Daiwas global pedigree complementing the Ambit ecosystem and as India surges ahead, we are well positioned for the next phase of growth as we support Indias most influential families in shaping their long-term wealth and legacy, Farmahan added.Daiwa plans to nominate a representative to the Ambit Wealth board and classify the company as an equity-method affiliate once customary closing conditions and Indian regulatory approvals are secured.Daiwa has had a multi-year capital and business partnership with Ambit Pvt. The Japanese company sees India as central to its overseas expansion strategy following strong economic growth forecasts.India is positioned as a key country in our overseas strategy due to its strong economic growth prospects. *The headline and text of this article have been updated to include details of a previous transaction between Daiwa and Ambit.