Abans Investment Managers Pvt Ltd (AIMPL) secures Rs. 9.88 Crore in Series A Funding
30 July 2024: Abans Investment Managers Pvt Ltd (AIMPL), the alternative investment management subsidiary of Abans Holdings Limited, has successfully raised Rs. 9.88 crore ($1.15 million) in a Series A funding round. This investment values AIMPL at Rs. 150 crore ($17.5 million). Abans Holdings Limited, a publicly listed company on BSE and NSE, operates across various financial services sectors, including institutional broking, lending, and asset management through its subsidiaries.
Abhishek Bansal, the founder of the Abans Group, expressed his delight at this significant milestone. “The idea of managing money for external investors was initiated by Mr. Bhavik Thakkar, CEO of Abans Investment Managers Pvt Ltd in 2018, and he joined us in 2019 to build this business. Since then, AIMPL has developed numerous investment product categories, each with substantial AUM growth potential. This external equity fund raise is a testament to the team’s hard work and will enable us to scale our alternative asset management business to new heights,” said Mr. Bansal.
Bhavik Thakkar, CEO of Abans Investment Managers Pvt Ltd, brings extensive experience from his tenure at Kotak Mahindra and Standard Chartered before joining the Abans Group. He shared his enthusiasm for the recent funding round, stating, “This round was led by our clients, who have invested in our products and experienced our services first hand. We are also encouraged by the participation from our distributors, who help channelize AUM across our products. Moving forward, we will focus on accelerating AUM growth by building a strong brand, enhancing our product offerings, and expanding our distribution outreach.”
Abans Investment Managers Pvt Ltd offers a range of alternative investment products, including Portfolio Management Services, Nifty/Stock performance-linked Market Linked Debentures (MLDs), and Overseas Funds.
