The fresh capital will be deployed to accelerate Neo Group’s continued robust growth and focus on delivering highly specialised, deep knowledge-driven solutions to its clients.
FinTech BizNews Service
Mumbai, March 21, 2026: Neo Wealth & Asset Management has announced an INR 500 Crore capital raise from TVS Capital and its affiliates, at a pre-money valuation of INR 10,000 Crore.
TVS Capital Funds is one of India's leading domestic growth private equity funds, with nearly two decades of backing Financial Services, and technology companies. Neo Group represents TCF's first investment in the Wealth Management sector, reflecting the fund's conviction that India's wealth management industry is at a structural inflection point and that Neo is exceptionally well-positioned to lead it. This deep sector expertise and long-term conviction in India's financial services opportunity makes TCF a great partner for Neo Group as it scales into India's defining wealth and asset management institution.
This investment round firmly establishes Neo Group as one of India's most institutionally capitalised and integrated Wealth and Asset Management platforms in India, with a marquee roster of leading global funds including Peak XV Partners (formerly Sequoia Capital India & SEA), MUFG Bank & Euclidean Capital, each of whom have invested across multiple rounds in Neo Group since inception.
Neo Group is amongst the fastest growing Wealth and Alternative Asset Managers in India, with approximately INR 1,00,000 Crore (Rupees One Lakh Crore) of total client’s assets, and INR 50,000 Crore (Rupees Fifty Thousand Crore) of Annualised Recurring Revenue Assets Under Management (ARR AUM).
Neo Wealth Management operates with nearly 150 senior Wealth Advisors — selectively recruited from the highest tiers of India's leading domestic and global private banking institutions — catering exclusively to UHNIs and Family Offices. Neo Asset Management complements this with a formidable team of fund managers delivering industry-leading performance across Alternative Asset classes, including Private Credit, Infrastructure and Private Equity.
Underpinning both businesses is a leadership team of exceptional depth, comprising seasoned CEOs and CXOs with track records of managing large businesses, significant capital pools and substantial teams across leading Indian and global financial institutions.
Commenting on the development, Shyam Srinivasan, Chairman of the FS Advisory Board at TVS Capital Funds, said: "In Greek, 'Neo' means new. In Indian wealth management, it may soon mean the standard. Nitin and his team have built something with genuine depth—in advisor talent, in platform rigour, and in leadership clarity. TVS Capital is happy to be part of that story."
Nitin Jain, Chairman & Managing Director, Neo Group said: “Our objective has always been to build an enduring institution with strong governance, disciplined capital allocation and client-first alignment. The continued participation of high-quality investors reinforces confidence in our platform and our long-term strategy.”
Suraj Majee, Principal, TVS Capital “India’s wealth management industry is at a structural inflection point. Neo combines the two hardest things to build—trust and talent—into a high-quality, institutional franchise. We’re excited to partner with Neo’s team to build a category-defining platform.”
The fresh capital will be deployed to accelerate Neo Group’s continued robust growth and focus on delivering highly specialised, deep knowledge-driven solutions to its clients.
