History

360 One Wam Ltd. was established on January 17, 2008, under the name IIFL Wealth Management Ltd. The company is a holding company of multiple subsidiaries. Together, they are engaged in wealth and asset management services such as financial asset distribution, broking, lending, investment advisory, and portfolio management. In 2009, IIFL Inc. set up its international offices outside India, including in Dubai, Singapore and Mauritius. In 2017, IIFL Asset Management launched the Special Opportunities Fund, the first pre-IPO fund in India, which raised over ₹7,500 crores. In 2019, the company’s wealth business undertaking demerged as a separate listed entity. In the same year, the company’s stock also got listed on the stock exchanges. In FY 2022, the company launched a suite of products like the IIFL Special Opportunities Fund Series 4 (SOF8), the Monopolistic Market Intermediaries Fund (MMIF), the Turnaround Opportunities Fund, the Income Opportunities Fund, a credit fund, etc. Furthermore, it launched the first quant-based in India under the IIFL Quant Fund. The following year, it launched another set of funds, namely, the 360 ONE Special Opportunity Fund - Series 11 and 360 ONE Mid-Stage Venture Fund I. It also raised money for its Commercial Yield Fund (a CAT II AIF), and a sector-agnostic debt strategy that targets high-quality credit which is backed by robust collaterals.

Business Segments

The company has the following business segments, which are its reportable segments.

1. Wealth Management:The wealth management segment includes the distribution of financial products and advisory, equity and debt broking, estate planning, etc. The segment also involves the lending and investment enterprise, which is complimentary to the wealth management enterprise as it is largely involved in servicing its clients under wealth management.
2. Asset Management:The asset management segment involves the management of pooled funds under different financial products such as mutual funds, alternative asset funds, portfolio management, etc.

Subsidiaries The following are some of the subsidiaries of 360 One WAM:

1. 360 ONE Asset Management Limited- This subsidiary manages various mutual funds such as index funds, equity funds, etc.
2. 360 ONE Prime Limited- This subsidiary is an NBFC.
3. 360 ONE IFSC Limited- This subsidiary manages the organization’s operations inside GIFT City, Gujarat.
4. 360 ONE Inc.- This subsidiary manages all the operations of the organization in the USA.

Key Personnel

Mr Karan Bhagat, MD and CEO Mr Bhagat has over two decades of experience in the business of financial services. He is a founder of the company and has led it over the years in terms of team-building and strategising. Corporate Actions The following are some of the corporate actions undertaken by the company in recent years: Stock Split The stock was split from a face value of ₹2 to ₹1 per share with a record date of March 2, 2023. Bonus Issue The company provided bonus stocks at a 1:1 ratio with a record date of March 2, 2023. Mergers and Acquisitions

• In 2011, IIFL Wealth Management gained complete control of Pune-based Finest Wealth Managers adding nearly ₹1,700 crores to AUM.
• In 2016, the organization gained complete control of an NBFC, adding to it a capital of ₹900 crore, and renamed it IIFL Wealth Finance Ltd.
• In 2020, the organization gained complete control of L&T Capital Markets, which was a wholly-owned subsidiary of L&T Finance Holdings.