Abans Holdings Limited (NSE: ABANS) with a market capitalization of over INR 2800 crs and operations across various financial services sectors, including institutional broking, lending, and asset management has successfully raised funds in a series A round for its subsidiary Abans Investment Managers Pvt Ltd
(AIMPL).
Abhishek Bansal, the founder of the Abans Group, expressed his delight at this significant milestone. “The idea of managing money for external investors was initiated by Mr. Bhavik Thakkar, CEO of Abans Investment Managers Pvt Ltd in 2018, and he joined us in 2019 to build this business. Since then, AIMPL has developed numerous investment product categories, each with substantial AUM growth potential. This external equity fund raise is a testament to the team’s hard work and will enable us to scale our alternative asset management business to new heights,” said Mr. Bansal.
Bhavik Thakkar, CEO of Abans Investment Managers Pvt Ltd, brings extensive experience from his tenure at Kotak Mahindra and Standard Chartered before joining the Abans Group. He shared his enthusiasm for the recent funding round, stating, “We have raised Rs. 9.88 crs in the Series A funding round and I am delighted to share that it was led by our clients who have invested in our products and experienced our services first hand. This demonstrates the confidence of our distributors, who help channelize AUM across our products. We will continue to focus on accelerating AUM growth by building a strong brand, enhancing our product offerings, and expanding our distribution outreach. This influx of capital has played a pivotal role in accelerating AIMPL expansion efforts and reinforcing its market position.”
AIMPL offers a range of alternative investment products, including Portfolio Management Services, Nifty/Stock performance-linked Market Linked Debentures (MLDs), and Overseas Funds.
