Equirus Welcomes Credence Family Office to Enhance Wealth Management Services

Equirus has successfully integrated Credence Family Office to oversee the Family Office business of Equirus Wealth. The unified family office operation will now operate under the name Equirus-Credence Family Office. This transaction, valued at Rs 100 crore, also marked the exit of TIW Private Equity, which had been an investor in Credence Family Office for six years, as stated by Equirus.

Leadership Expansion at Equirus

Mitesh Shah, the Founder and CEO of Credence Family Office, is set to join Equirus’ leadership team, which will enhance the firm’s expertise in catering to ultra-high-net-worth individuals and family office sectors. Ajay Garg, the Founder and Managing Director of Equirus Group, expressed that the firm has consistently focused on a client-first philosophy, emphasising building relationships grounded in trust and providing enduring value. He noted that Credence Family Office shares this same ideology, making their collaboration an exciting opportunity to elevate this approach, ensuring clients are supported and empowered throughout their journeys.

Enhanced Capabilities Through Collaboration

This merger also allows Credence Family Office to tap into Equirus’ extensive platform capabilities which include investment banking, debt capital markets, research, and fund management. Consequently, Equirus Group’s total wealth assets will increase to Rs 18,000 crore.

Throughout the years, Mitesh Shah has expressed gratitude for the trust placed in Credence Family Office by numerous families who have confided in them with their aspirations. He mentioned that joining Equirus Wealth would enable them to enhance their commitment even further. By merging their personalised service model with Equirus’ substantial scale and vision, they will be able to provide clients with even more exceptional opportunities and support.

About Equirus Group and Credence Family Office

Equirus Group is a comprehensive financial services organisation that focuses on investment banking, institutional securities, wealth management, portfolio management, high-net-worth individual broking, and insurance solutions. Over the past 17 years, Equirus has executed over 285 transactions, including mergers and acquisitions, private equity, initial public offerings, qualified institutional placements, rights issues, and structured finance, accumulating around $12 billion in raised funds across various sectors.

Credence Family Office has supported more than 350 clients, offering a wide range of full-service capabilities that include family office services, wealth management, real estate advisory, tax planning, succession planning, and philanthropy advisory. The company manages assets worth Rs 8,000 crore under advisory.

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