Wealth First Portfolio Managers Reports 17% Growth in Q1 Net Profit
Wealth First Portfolio Managers announced robust Q1 financial results, with net profit rising to ₹162.00 million, a 17.39% year-over-year increase. Revenue surged by 22.17% to ₹248.00 million. The company's performance indicates effective cost management and operational efficiency, potentially reflecting a positive trend in the portfolio management sector.
11Jul 25
Wealth First Portfolio Managers Secures IRDAI Approval for Direct Insurance Broking
Wealth First Portfolio Managers has obtained approval from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a direct insurance broker. This approval allows the company to diversify its services beyond portfolio management, potentially increasing its client base and revenue sources. The move could enhance the company's position in the financial services sector and increase competition in the insurance distribution landscape.