Nuvama Wealth Management’s board has greenlit its financial results for Q3 2026, alongside strategic moves including leadership changes and a ₹100 crore investment. Keyur Ajmera is appointed Group Chief Risk Officer, succeeding Venkataraman Ananthakrishnan. The company will invest in subsidiary Nuvama Asset Management Limited (NAML) and explore value discovery strategies for shareholders.
Financial Performance Highlights
The Board of Directors at Nuvama Wealth Management have approved the consolidated and standalone unaudited financial results for Q3 2026 (quarter ended December 31, 2025) . Further details on the financials can be found on the company’s website and stock exchange platforms. Total revenue for Q3 2026 was ₹1,105.98 crore.
Leadership Transition
A key leadership transition has been announced: Mr. Keyur Ajmera is appointed as the new Group Chief Risk Officer. He succeeds Mr. Venkataraman Ananthakrishnan, who will be transitioning to a new senior leadership role within the Nuvama Group, effective February 1, 2026. As a result of this change, Mr. Ananthakrishnan will cease to be designated as a Senior Management Personnel (SMP), while Mr. Ajmera will assume this designation.
Strategic Investment in Nuvama Asset Management
The board has approved an investment of up to ₹100 crore in one or more tranches, to subscribe to equity shares of Nuvama Asset Management Limited (NAML). NAML is a wholly owned subsidiary of Nuvama Wealth Management Limited.
Exploring Value Discovery Strategies
Nuvama is evaluating various strategies to enhance shareholder value. This includes a preliminary exploration of optimal ways to organize its business segments. Further details will be disclosed as and when required.
Source: BSE
