Signs a deal to merge it with Credence Family Office
FinTech BizNews Service
Mumbai, 3 February,2025: In a step that strengthens its commitment to holistic and personalized wealth management, Equirus is excited to announce the coming on board of Credence Family Office, a firm with an incredible 14-year journey of serving India’s most inspiring achievers. As part of this transaction, Credence Family Office will take over Equirus Wealth’s Family Office business and become part of the Equirus Group. The combined family office business will be branded as Equirus-Credence Family Office.
Equirus Group is the fastest growing full-service financial services firm specializing in investment banking, institutional securities, wealth management, portfolio management, HNI broking and insurance solutions. With a “Client Always First” approach and a proven track record of delivering value creation, Equirus has built impeccable credentials across domains and sectors through its ability to structure and deliver transactions in line with the client’s requirements. Equirus has completed more than 285 transactions across M&A, PE, IPOs, QIPs, Rights Issues, and Structured Finance, raising USD 12 billion in the process across sectors over the last 17 years. The platform shareholders include long term shareholders like Jhunjhunwala family, Federal bank, Amicus PE fund, management team and employees.
Credence Family Office has built a reputation for being more than just financial advisors - they’ve been trusted partners to over 350+ clients, including family houses, first-generation entrepreneurs, sportspersons, celebrities, and business leaders. Their full-stack capabilities span family office services, wealth management, real estate advisory, tax planning, succession planning, and philanthropy advisory. With an Assets Under Advisory of Rs8,000 crore and a passionate team of 55 professionals, they have helped families grow and preserve their wealth.
The Rs100 crore transaction also facilitated the exit of TIW Private Equity, which had invested in Credence Family Office for 6 years. Mitesh Shah, Founder and CEO of Credence Family Office, will join the leadership group at Equirus, further strengthening the firm’s expertise in the ultra-high-net-worth and family office segments.
The transaction will also allow Credence Family Office to capitalize on Equirus’ extensive platform capabilities across Investment Banking, Research, Debt Capital Markets, and Fund Management, creating a seamless ecosystem to serve clients with best-in-class solutions. With this addition, the total wealth assets under Equirus Group will expand to ₹18,000 crore. Post coming on board of Credence team, Equirus Group will be working with 450 team members and continues to be charting a path of organic and inorganic team buildouts.
Ajay Garg, Founder and Managing Director of Equirus Group, shared his thoughts on the collaboration:
"At Equirus, we’ve always believed in a client-first approach, building relationships based on trust and delivering value that lasts generations. Credence Family Office embodies the same philosophy. They’ve created something truly special - a firm that doesn’t just manage wealth but nurtures it with care and foresight. Together, we’re excited to amplify this approach, ensuring that clients feel supported and empowered at every stage of their journey."
Mitesh Shah, Founder & CEO of Credence Family Office, spoke warmly about the acquisition:
"This partnership with Equirus Wealth marks an exciting new chapter for Credence Family Office. Over the years, we’ve been fortunate to earn the trust of families who have entrusted us with their aspirations, and we’ve worked tirelessly to help them thrive. Joining Equirus Wealth allows us to take that commitment to the next level. By combining their scale and vision with our personalized approach, we can offer our clients even greater opportunities and support. For our team and our clients, this is not just an acquisition - it’s the beginning of something bigger and better."
