Equirus Group has merged with Sapient Finserv Group in an equity swap deal, creating a combined platform among the top 10 non-bank independent wealth managers in the country. The merger brings total Assets Under Management (AUM) to ₹35,000 crore, significantly expanding Equirus’ footprint in wealth management and family office services.
Headquartered in Pune, Sapient Finserv currently manages ₹13,500 crore in AUM with a robust monthly SIP book of ₹65 crore. Post-merger, Sapient Finserv founders Amit Bivalkar and Pallav Bagaria join the leadership team and board of Equirus Wealth, ensuring shared governance and strategic alignment. “Combining Equirus’ investment banking expertise with Sapient Finserv’s client-first wealth management approach creates a platform greater than the sum of its parts,” said Ajay Garg, Managing Director, Equirus Group.
In Guwahati, the merger is expected to bolster high-net-worth individual (HNIs) and family office services in the Northeast. Local advisors anticipate increased accessibility to bespoke wealth management solutions, including small-cap PMS strategies, venture funds, and integrated financing options, catering to the growing affluent segment in Assam and surrounding regions. With the integration, Equirus Wealth aims to scale AUM to ₹50,000 crore, leveraging proprietary equity research, NBFC capabilities, and specialized verticals—Equirus Wealth and Equirus Family Office—to accelerate client-focused growth. This merger marks Equirus Group’s third acquisition in the last year, reinforcing its strategy of expanding comprehensive financial services across India.
