Archive · 2 Nov 2025
IndusInd Bank Promoter and Invesco Form Joint Venture for Asset Management
Two big companies, IndusInd International Holdings (IIHL) from India and Invesco from overseas, have officially joined forces to manage investments for people in India.
IIHL now owns the biggest part of their shared company, 60%, and Invesco owns the other 40%.
This joint company is already one of the largest money managers in India, handling about 1.48 lakh crore rupees.
The partnership plans to use Invesco's international experience and IIHL's vast network of over 11,000 locations and 45 million customers to reach more people.
They especially want to grow their business in smaller towns and cities across India.
The company will keep its current manager, Saurabh Nanavati, in charge.
Both companies believe this is a great time to invest in India because more people are earning more money and the country has a young population, creating many investment opportunities.
IndusInd Bank promoter IIHL and Invesco have completed their joint venture for an asset management company (AMC) in India.
IIHL acquired a 60% ownership stake in Invesco Asset Management India, with Invesco retaining the remaining 40%.
The JV is the 16th largest domestic asset manager in India, with ₹1.48 lakh crore in assets under management as of September-end.
Invesco will contribute global investment expertise, while IIHL will leverage its extensive distribution network to expand reach, particularly in tier-2 and tier-3 cities.
The joint venture aims to strengthen its presence through GIFT City, SIFs, Passive Products, and Digital channels, operating under CEO Saurabh Nanavati.
- Who
- IndusInd International Holdings (IIHL) and Invesco Limited
- What
- Completed the formation of their joint venture for an asset management company (AMC) in India, with IIHL acquiring a 60% stake in Invesco Asset Management India.
- When
- November 2, 2025
- Where
- India
- Why
- To augment IIHL's portfolio with asset management, expand Invesco's distribution capabilities in the domestic market, and capitalize on India's investment prospects due to rising incomes and favorable demographics.
- Joint Venture Formed
- November 2, 2025
- Sponsors
- IndusInd International Holdings (IIHL) and Invesco Limited
- Ownership Stake
- IIHL: 60%, Invesco Limited: 40%
- AMC CEO
- Saurabh Nanavati
- Assets Under Management (AUM)
- ₹1.48 lakh crore (September-end)
- Rank in India
- 16th largest asset manager (as of September-end)
- Distribution Network
- IIHL: over 11,000 touchpoints, 45 million customers; Additional 50 million via global shareholders' associates
Sources
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