1 week ago
Shriram Wealth Targets ₹10 Lakh–₹2 Crore Client Segment
Shriram Wealth helps people manage large amounts of money.
It currently serves very wealthy clients who invest ₹2 crore or more.
The company now wants to serve people who invest between ₹10 lakh and ₹2 crore.
It plans to start doing this within the next 12 to 18 months.
Vikas Satija, the company’s managing director and chief executive officer, announced the plan.
The company will still serve its wealthiest clients.
This means Shriram Wealth wants to work with a wider range of customers.
The information came from an interview with PTI.
Shriram Wealth plans to serve clients with investments of ₹10 lakh to ₹2 crore.
The company expects to begin targeting this segment within the next 12–18 months.
Shriram Wealth will continue serving high-net-worth and wealthy clients investing ₹2 crore or more.
Managing director and chief executive officer Vikas Satija disclosed the plan in a PTI interview.
The planned expansion would broaden Shriram Wealth’s client base beyond its existing HNI and rich-client segment.
- Who
- Shriram Wealth and its managing director and chief executive officer, Vikas Satija.
- What
- The company plans to expand into the ₹10 lakh–₹2 crore client segment while continuing to serve clients with ₹2 crore or more.
- Where
- When
- Within the next 12–18 months.
- Why
- To begin catering to clients in the ₹10 lakh–₹2 crore investment bracket.
Key facts
- Company
- Shriram Wealth
- New target segment
- Clients with a ticket size of ₹10 lakh to ₹2 crore
- Existing target segment
- HNI and wealthy clients with a ticket size of ₹2 crore and above
- Expected timeline
- The next 12–18 months
- Executive quoted
- Vikas Satija, managing director and chief executive officer
- Source
- PTI interview
Quotes
Vikas Satija
Managing director and chief executive officer of Shriram Wealth
“The company is planning to start catering to clients with a ticket size of ₹ 10 lakh to ₹2 crore bracket in the next 12-18 months, along with the HNI/rich having a ticket size of ₹2 crore and above”
CNBC TV 18
Sources
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