Edelweiss Financial Services (EFSL) announced that WestBridge Capital is acquiring a 15% stake for a consideration of ₹450 crores in Edelweiss Asset Management, the Asset Manager of Edelweiss Mutual Fund.
Edelweiss MF is one of the key businesses for EFSL and currently manages ₹72,600 crores of Equity AUM, which has grown by 53% over the last 5 years. Edelweiss MF had a Profit after tax of ₹53 crores for FY25. The current transaction values the business at 57x P/E, which aligns with industry benchmarks of 30x to 60x.
Edelweiss MF has reached a total AUM of ₹1,52,200 crore as of June 30, 2025, reflecting a 44% CAGR over the last five years. Edelweiss MF reported PAT of ₹28 crores for the first quarter of FY26.
WestBridge Capital is a global investment firm with over $7 billion in assets under management.
Rashesh Shah, Chairman & MD, EFSL, said, “Welcoming WestBridge Capital as a strategic partner is a timely step in the value-creation journey at Edelweiss MF. We have built a robust, innovation-led mutual fund franchise with strong equity momentum. This transaction reflects the confidence in the long-term potential of our Mutual Fund business. It initiates the value unlock for EFSL, strengthens the growth path of Edelweiss MF, and brings in a seasoned long-term partner.”
Radhika Gupta, MD & CEO, Edelweiss MF, said, “Edelweiss MF has scaled rapidly through focused execution – consistent fund performance, product innovation, and widening distribution strength. We are delighted to partner with WestBridge Capital – a like-minded and long-term partner – whose strategic insights and ecosystem will accelerate our next phase of growth. The mutual fund opportunity in India is just taking off, and we are confident that we can build Edelweiss MF into one of India’s most admired asset managers.”
Deepak Ramineedi, Partner at WestBridge Capital, said, “We are extremely pleased to partner with Edelweiss Mutual Fund at this exciting stage of its growth journey. Under Radhika’s leadership, Edelweiss MF has demonstrated excellent execution with a sharp focus on innovation. We believe financialization of savings is a massive industry tailwind and strongly believe Edelweiss MF is very well placed to benefit from the same. We look forward to supporting the team in scaling the business further.”
