IndusInd International Holdings forms asset management JV with Invesco
This story was originally published at 08:55 IST on 3 November 2025
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NEW DELHI – IndusInd Bank's promoter IndusInd International Holdings Ltd. acquired a 60% ownership stake in Invesco Asset Management India to form a joint venture with Invesco Ltd., the former said in a press release Sunday. The collaboration got the regulatory approval and both the parties will hold joint sponsor status under the regulatory framework.
There will be no change in Invesco Asset Management India's focus following the acquisition by IndusInd International Holdings. The joint venture will operate under the same managemnt led by Invesco Asset Management India's Chief Executive Officer Saurabh Nanavati.
As of September, the asset management company was the 16th largest domestic asset manager in India with combined onshore and offshore average assets under management of INR 1.48 trillion for the quarter with presence in 40 cities across India. Invesco Asset Management India had started operations in India in 2008 with the acquisition of Lotus India Asset Management Company. The asset manager has over 2.9 million retail investor folios and over 48,000 empanelled distributors.
"Both partners contribute their respective strengths to the venture, with Invesco offering its global investment management expertise and product range, while IndusInd International Holdings will support, through its promoted entity and subsidiaries, a robust distribution network comprising over 11,000 touchpoints across India and serving a customer base of 45 million," the release said. "IndusInd International Holdings will also deploy the reach of several associate entities of its global shareholders that offer synergistic business operations to widen the customer base by another 50 million." End
Reported by Krity Ambey
Edited by Akul Nishant Akhoury
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