Anand Rathi Wealth Limited announced the incorporation of a new wholly-owned subsidiary, ‘Anand Rathi FME (IFSC) Private Limited’, effective February 16, 2026, in Gift City, Gujarat. The subsidiary, with an issued capital of INR 100,000/-, is established to undertake fund management activities, specifically through setting up Alternate Investment Funds (AIFs) under the International Financial Services Centres Authority (IFSCA). The company is yet to commence business operations.
Announcement of New Subsidiary Formation
Anand Rathi Wealth Limited has formally incorporated a wholly-owned subsidiary company named ‘Anand Rathi FME (IFSC) Private Limited’. This incorporation took effect on February 16, 2026, and the new entity is situated in Gift City, Gujarat.
Subsidiary Capitalization and Status
The subsidiary’s initial capital structure details that the Issued Capital amounts to INR 100,000/-, consisting of 10,000 Equity Shares subscribed to at INR 10/- each for cash at par by Anand Rathi Wealth Limited. Currently, the company has Not Applicable for Size/Turnover as it is yet to commence business operations. The entire paid-up share capital is held by Anand Rathi Wealth Limited.
Business Objective and Regulatory Pathway
The core objective of Anand Rathi FME (IFSC) Private Limited is to establish itself as a fund management entity. Specifically, it will undertake Fund Management activities through Alternate Investment Fund (AIF) structures. To achieve this, the subsidiary plans to apply for a Fund Management license under the International Financial Services Centres Authority (Fund Management) Regulations, 2025. Necessary regulatory approvals from the IFSCA will be sought to carry out the intended fund management business.
Related Party Status
Since Anand Rathi FME (IFSC) Private Limited is a wholly owned subsidiary of Anand Rathi Wealth Limited, the requirement to confirm arm’s length transaction status is noted as not applicable.
Source: BSE
