Consolidated Financial Highlights

  • H1FY27 Revenue: ₹234 crore
  • Consolidated Net Worth: ₹1,298 crore (as of H1FY27)
  • The May 2026 amalgamation resulted in consolidated net worth increasing from ₹440 crore to ₹1,169 crore, representing a 2.7x uplift

Key Business Division Highlights (Q2FY27)

Asset Management - AIF

  • Private Equity Fund: Ashika Growth Equity Fund achieved first close with commitments exceeding ₹215 crore, including a ₹100 crore anchor commitment from Ashika Group
  • Private Credit Fund: Ashika Credit Opportunities Fund achieved first close with commitments of approximately ₹300 crore, with deployment scheduled to commence in Q3FY27
  • Launched Ashika DNA Fund, a specialized Category III Alternative Investment Fund focused on healthcare and pharmaceutical sectors
  • Received in-principle SEBI approval for Mutual Fund operations

Merchant Banking

  • Filed two Draft Red Herring Prospectuses (DRHPs) for mainboard IPOs

Digital Transformation

  • Successfully completed full rollout of Dhanush 2.0 wealth platform with 100% migration of customers from legacy application

Institutional Equities

  • Hosted Chairman, MD and CEO conference facilitating engagement between corporate management and 150+ institutional investors
  • Initiated sector coverages on Defence, Drone, Consumer Electricals, Non-ferrous metal, Power generation Equipment, Recycling and Cement
  • Serving 225+ institutional investors and empanelled with 100+ institutions including DIIs, FIIs, AIFs, PMS & Family Offices

Credit Rating

  • Credit rating of Ashika Stock Services Limited (material subsidiary) upgraded from BBB+ to A-

Awards

  • Received "Highest Fresh SIP Numbers" award at Kotak Mutual Fund You & I Excellence Awards 2026

Business Overview

The Ashika Group operates as a diversified financial services group with 10+ divisions across:

  • Broking Services (Retail, HNI, Institutional)
  • Investment Banking & Merchant Banking
  • Asset Management (AIF & MF)
  • Global Family Office Services
  • Non-Banking Financial Company (NBFC)

Operational Metrics

  • Total Clients: ~1.35 lakh
  • Assets Under Advice: ~₹26,000 crore
  • Channel Partners: 1,000+
  • Geographic Presence: 19 States, 14 Branches
  • Regulatory Approvals: CAT II AIF, CAT III AIF, CAT I Merchant Banking, Middle-Layer NBFC status

Board Composition

The company's board includes:

  • Mr. Pawan Jain (Founder and Chairman) - 35+ years experience, Chartered Accountant, Harvard Business School alumnus
  • Mr. Daulat Jain (Founder and Managing Director) - 30+ years experience, Chartered Accountant
  • Mr. Ajay Pratapray Shanghavi (Independent Director) - 38+ years experience, MBA
  • Mr. Supratim Bandyopadhyay (Independent Director) - Chartered Accountant, former PFRDA Chairman (2020-2023)
  • Mr. Pravin Kutumbe (Independent Director) - Chartered Accountant, 35+ years experience, former IRDAI Whole-Time Member
  • Ms. Pinki Kedia (Independent Director) - Chartered Accountant, 25+ years experience
  • Mr. Amit Jain (Non-Executive Director) - Chartered Accountant, 23+ years experience

Forward-Looking Statements

The presentation contains forward-looking statements concerning future business prospects and profitability, subject to market volatility, economic conditions, regulatory changes, and interest rate fluctuations.