Sapient Finserv Merges with Equirus Group to Form ₹35,000-Crore Wealth Platform

Equirus Group and Sapient Finserv Group have merged in an equity swap deal, creating a combined wealth management platform with ₹35,000 crore in assets under management. The merger positions the entity among India’s top 10 non-bank independent wealth managers.

Sapient Finserv, headquartered in Pune, contributes ₹13,500 crore in AUM and a monthly SIP book of ₹65 crore. Founders Amit Bivalkar and Pallav Bagaria will join Equirus Wealth’s leadership team and board. The merged entity aims to scale to ₹50,000 crore AUM, leveraging Equirus’s research capabilities, PMS strategies, and venture funds.

The platform will operate through two verticals—Equirus Wealth and Equirus Family Office—targeting high net worth individuals and family offices. This marks Equirus Group’s third acquisition in 12 months, following deals with Raghnall Insurance Broking and Credence Family Office. The group recently secured an NBFC licence from RBI, expanding its service offerings.

Sapient Finserv, founded in 2009, serves over 45,000 clients with a strong presence in Maharashtra and the North-East. Equirus Group, backed by investors including the late Rakesh Jhunjhunwala, Amicus Capital, and Federal Bank, continues to strengthen its market position.