360 ONE WAM , one of India's largest wealth and alternates asset managers, reported a 3.6% year-on-year increase in its Q4 FY25 net profit, while also announcing a significant strategic collaboration with UBS AG. The company's financial results and strategic moves highlight its continued growth and expansion in the wealth management sector.

Financial Performance

For the quarter ended March 31, 2025, 360 ONE WAM reported:

• Net profit of ₹250.00 crore, up 3.6% from ₹241.00 crore in Q4 FY24
• Total revenue rose 5.7% to ₹658.00 crore, compared to ₹623.00 crore in the same quarter last year
• Annual Recurring Revenue (ARR) increased by 40.7% year-on-year to ₹502.00 crore

For the full fiscal year 2025, the company achieved:

• Net profit of ₹1,015.00 crore, a 26.6% increase from FY24
• Total revenue of ₹2,652.00 crore, up 35% from the previous year

Assets Under Management

As of March 2025, 360 ONE WAM's total Assets Under Management (AUM) stood at ₹5,81,498.00 crore, with ARR AUM at ₹2,46,828.00 crore, showing a 23.2% year-on-year growth.

Strategic Collaboration with UBS AG

360 ONE WAM announced an exclusive strategic collaboration with UBS AG. Key aspects of this partnership include:

1. Enhancing wealth management solutions for domestic and global Indian clients
2. 360 ONE WAM acquiring UBS's India onshore wealth management business
3. UBS to acquire convertible warrants representing a 4.95% stake in 360 ONE WAM

The company's board has approved the issuance of up to 20,502,939 warrants on a preferential basis to UBS AG at ₹1,030.00 per warrant, convertible into an equivalent number of equity shares within 18 months from allotment.

Dividend Declaration

The board of directors declared a first interim dividend of ₹6.00 per share for FY26, with the record date set as April 29, 2025.

Management Commentary

Karan Bhagat, Founder, MD & CEO of 360 ONE WAM, commented on the results:

"This year has been a defining one for 360 ONE - characterised by strong growth, enhanced client trust, and the effective execution of our long-term strategy. Our results reflect the strength of our platform, the quality of our talent, and the clarity of our vision. Amid global volatility, investor interest in India continues to rise. The exclusive strategic collaboration with UBS enhances our ability to deepen our presence and build a future-ready franchise that delivers lasting value to all stakeholders."

Business Segment Performance

Wealth Management

• ARR AUM rose to ₹1,62,433.00 crore, up 27% year-on-year
• 360 ONE Plus proposition saw 39% YoY growth
• Distribution and Lending businesses grew by 19% and 36% YoY, respectively
• Successfully onboarded 440+ clients with more than ₹10.00 crore ARR AUM in FY25

Asset Management

• ARR AUM increased to ₹84,395.00 crore, up 17% year-on-year
• Growth driven by Listed Equity (+21% YoY), Private Equity (+16% YoY), and customized multi-asset (+42% YoY) segments

360 ONE WAM's strategic collaboration with UBS AG and its consistent financial growth position the company well for future expansion in the wealth management industry, both domestically and internationally.

In a groundbreaking move that promises to reshape the wealth management landscape in India, 360 ONE WAM has announced an exclusive strategic collaboration with UBS, one of the world's leading wealth managers. This partnership, revealed on April 22, 2025, aims to combine 360 ONE's local expertise with UBS's global reach and capabilities, offering enhanced wealth management solutions to domestic and international clients.

Key Highlights of the Collaboration

• Strategic Partnership: 360 ONE WAM and UBS will work together to provide comprehensive wealth management solutions for both domestic and global Indian clients.
• Business Acquisition: 360 ONE WAM will acquire UBS's onshore wealth management business in India through its subsidiaries.
• Equity Stake: UBS will purchase warrants amounting to a 4.95% stake in 360 ONE WAM, demonstrating its commitment to the Indian market.
• Expanded Services: Clients from both institutions will gain access to a broader range of onshore and offshore wealth management solutions.
• Future Exploration: The partnership will explore potential collaborative opportunities in asset management products and investment banking services.

Transaction Details

The Board of Directors of 360 ONE WAM has approved several key components of this strategic collaboration:

1. Warrant Issue: 360 ONE WAM will issue 205,02,939 warrants to UBS AG on a preferential basis at Rs. 1,030.00 per warrant, convertible into an equivalent number of equity shares within 18 months.
2. Business Acquisitions:
   • 360 ONE Distribution Services Limited will acquire the stock broking and distribution business of Credit Suisse Securities (India) Private Limited for Rs. 175.00 crores.
   • 360 ONE Portfolio Managers Limited will acquire the discretionary and non-discretionary portfolio management services business for Rs. 132.00 crores.
   • 360 ONE Prime Limited will acquire the residual loan portfolio of wealth management clients.

Market Impact and Future Outlook

This strategic collaboration is expected to significantly enhance 360 ONE WAM's position in the Indian wealth management sector. By leveraging UBS's global expertise and 360 ONE's strong local presence, the partnership aims to deliver a unique blend of international capabilities and domestic market insights.

Akhil Gupta, Chairman of 360 ONE WAM, stated, "This collaboration represents a strategic leap forward for both 360 ONE WAM and UBS AG—one that strengthens our position as a market leader in India and UBS's offering as the wealth manager of choice for Global Indians."

Karan Bhagat, Founder, MD & CEO of 360 ONE, added, "This collaboration marks the beginning of a powerful relationship, which will further enhance 360 ONE's existing value proposition and add synergies for our employees, clients and shareholders."

The transaction is subject to necessary regulatory approvals, including those from the Competition Commission of India and SEBI. It is expected to be completed within approximately six months.

Conclusion

As India's wealth management sector continues to grow rapidly, this strategic alliance between 360 ONE WAM and UBS is poised to set new standards in the industry. By combining local expertise with global capabilities, the partnership aims to offer unparalleled wealth management solutions to India's burgeoning high-net-worth and ultra-high-net-worth individuals, both domestically and internationally.

Investors and market watchers will be keenly observing how this collaboration unfolds and its potential impact on the competitive landscape of India's wealth management industry in the coming years.