Prime Securities Ventures Into Wealth Management to Tap Growing Indian Market

Prime Securities Ltd. is expanding into the wealth management sector through its subsidiary, Prime Trigen Wealth Ltd. The firm has appointed industry veterans Sailesh Balachandran and Maneesh Kapoor as leaders. The move aims to utilize Prime's strong market position to cater to India's burgeoning wealth segments.

Prime Securities Ltd. (PSL), a SEBI registered Category-I Merchant Banker, is making strides in the financial services sector by launching into the wealth management business through its newly established subsidiary, Prime Trigen Wealth Ltd. (PTWL). This venture seeks to exploit burgeoning market opportunities with substantial scalability potential.

PTWL has brought on board industry experts Mr. Sailesh Balachandran and Mr. Maneesh Kapoor as Executive Director, Founders, and Joint-CEO. The company will initially serve clients in NCR, Mumbai, Bangalore, and Chennai, gradually broadening its reach to other Tier 1 and Tier 2 wealth hubs across India.

Sailesh Balachandran and Maneesh Kapoor, each with over 24 years of notable experience in the banking and financial services sectors, bring proven leadership and a track record of driving business growth. They are poised to lead a high-tech enabled wealth management practice, targeting India's thriving segment of HNI, Ultra HNI, and Family Offices.

(With inputs from agencies.)