IIHL and Invesco full JV formation to seize a chunk of fast-growing asset administration market in India
Below the settlement, IIHL has acquired a 60% stake in Invesco Asset Administration India (IAMI), whereas Invesco retains the remaining 40%. With all regulatory approvals and shutting circumstances accomplished, each companions will now act as joint sponsors of the enterprise, which can proceed to function underneath the prevailing Invesco model and administration construction.
The deal positions IIHL, a part of the Hinduja Group, to broaden past banking and deepen its presence in India’s monetary providers ecosystem. It additionally permits Invesco to strengthen its home foothold by leveraging IIHL’s intensive on-ground distribution community.
As of September 2025, Invesco Asset Administration India ranks because the sixteenth largest asset supervisor within the nation, with complete common belongings underneath administration of Rs 1.48 lakh crore for the quarter ended September 2025, spanning onshore and offshore advisory companies. The agency presently operates throughout 40 Indian cities, catering to retail and institutional buyers.
The partnership brings collectively Invesco’s international funding and product experience with IIHL’s distribution scale and native market attain. Via its promoted entities and subsidiaries, IIHL will contribute a distribution community spanning greater than 11,000 touchpoints and entry to over 45 million clients. The corporate stated it additionally plans to leverage its affiliate entities globally to increase that attain to a different 50 million potential buyers.
Regardless of the possession change, IAMI’s current administration and funding strategy will stay unchanged. The enterprise will proceed to be led by CEO Saurabh Nanavati, sustaining its long-standing research-driven funding philosophy and disciplined processes.Commenting on the completion of the transaction, Ashok Hinduja, Chairman of IIHL, stated the partnership aligns with the group’s broader ambition to develop into a diversified monetary powerhouse by the top of the last decade.”At IIHL, we’re very enthused with this JV with Invesco, to reinforce our parabanking portfolio by together with asset administration and develop into a world monetary powerhouse by 2030,” Hinduja stated.
“That is probably the most opportune time, as India’s rising earnings ranges and beneficial demographics provide monumental funding potential. We’ll try to achieve the final investor, transparently and effectively, and stay as much as the assumption that – mutual fund sahi hai,” he added.
Andrew Lo, CEO, Asia Pacific at Invesco, stated the partnership will assist speed up the agency’s subsequent progress part in India.
“Our India enterprise has seen stable progress within the final 9 years. We now sit up for partnering with IIHL to additional broaden our home distribution capabilities. Our focus will stay on delivering industry-leading funding choices and repair to Indian shoppers, drawing on our international and native funding strengths,” he stated.
The transaction was suggested completely by Motilal Oswal Funding Advisors, with Crawford Bayley & Co. and AZB & Companions performing as authorized advisors to IIHL and Invesco, respectively.
The partnership comes amid file progress in India’s mutual fund {industry}, with retail participation increasing quickly in smaller cities.
