IP
ICICI Prudential AMC
Mainboard₹10,603 Cr issue
+20.09%
Listing gain over issue price
Issue size
₹10,603 Cr
1 lot at cut-off
₹12,990
Lot size
6shares
Allotment
17 Dec 2025
Listing
19 Dec 2025
Listing performance
Issue price
₹2,165
Listed at
₹2,600
Listing-day close
₹2,586.70
Latest price
₹3,360.40
Listing gain
+20.09%
Return since listing
+55.21%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
₹460
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 19 Dec 2025 | ₹460 | +21.25% | ₹2,100 | ₹2,625 | ₹2,760 |
| 18 Dec 2025 | ₹520 | +24.02% | ₹2,400 | ₹2,685 | ₹3,120 |
| 17 Dec 2025 | ₹370 | +17.09% | ₹1,700 | ₹2,535 | ₹2,220 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 19 Dec 2025
- Face value
- ₹1 per share
- Issue price
- ₹2,165 per share
- Lot size
- 6 shares
- Total issue size
- ₹10,603 Cr
- Market cap at offer price
- ₹1,07,007 Cr
- Promoter holding
- 100.00% → 90.09% pre-issue → post-issue
- ISIN
- INE346A01027
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Citigroup Global Markets India Pvt.Ltd.
- Registered office
- 12 th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 1,39,57,303 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 6 shares per lot, in multiples, at ₹2,165
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 6 | ₹12,990 |
| Retail (max) | 15 | 90 | ₹1,94,850 |
| S-HNI (min) | 16 | 96 | ₹2,07,840 |
| S-HNI (max) | 76 | 456 | ₹9,87,240 |
| B-HNI (min) | 77 | 462 | ₹10,00,230 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
1,39,57,303
Anchor portion
₹3,022 Cr
at ₹2,165 per share
Valuation and performance
Valuation at offer price
₹2,165 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 53.63 | 65.46 |
| P/E (×) | 40.37 | 33.07 |
| Price to book (×) | 30.41 | — |
| Market cap | — | ₹1,07,007 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 82.80%
- NAV per share
- ₹71.20
- Price to book
- 30.41
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About ICICI Prudential AMC
ICICI Prudential Asset Management Company Limited is an asset management company incorporated in 1993 as a public limited company. The company manages mutual funds as the investment manager to ICICI Prudential Mutual Fund and also provides portfolio management services, manages alternative investment funds, and offers advisory services to offshore clients. The company offers a range of savings and investment products across multiple financial asset classes, structured to address diverse client objectives and risk appetites from income accrual to long-term wealth creation. As of September 30, 2025, the company managed total quarterly average assets under management (QAAUM) of ₹10,876.9 billion across mutual funds and alternates (PMS, AIF, and advisory assets). The company's revenue is primarily derived from management fees charged on assets under management or advise upon, with management fees representing 92.7% of revenue from operations in the six-months period ended September 30, 2025.
Company Analysis
from RHPICICI Prudential Asset Management Company Limited manages mutual funds, provides portfolio management services, manages alternative investment funds, and offers advisory services to offshore clients across Indian and global markets.
ICICI Prudential Asset Management Company Limited is an asset management company incorporated in 1993 as a public limited company. The company manages mutual funds as the investment manager to ICICI Prudential Mutual Fund and also provides portfolio management services, manages alternative investment funds, and offers advisory services to offshore clients. The company offers a range of savings and investment products across multiple financial asset classes, structured to address diverse client objectives and risk appetites from income accrual to long-term wealth creation. As of September 30, 2025, the company managed total quarterly average assets under management (QAAUM) of ₹10,876.9 billion across mutual funds and alternates (PMS, AIF, and advisory assets). The company's revenue is primarily derived from management fees charged on assets under management or advise upon, with management fees representing 92.7% of revenue from operations in the six-months period ended September 30, 2025.
Asset ManagementMutual FundsPortfolio Management ServicesAlternative Investment FundsInvestment Advisory Services
Objects of the Issue
- Carry out the Offer for Sale of Equity Shares Up to ₹[●] million p.20
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges p.20
- General corporate purposes / No proceeds to company Nil - Company will not receive any proceeds p.71
- Offer for Sale of Equity Shares by the Promoter Selling Shareholder up to ₹[●] million p.100
- Benefits of listing the Equity Shares on the Stock Exchanges p.100
- Not stated in this part of the document
Issue Structure
- Total Issue
- Up to 48,972,994 Equity Shares of face value of ₹1 each aggregating up to ₹[●] million
- Fresh Issue
- Not Applicable
- Offer for Sale
- Up to 48,972,994 Equity Shares of face value of ₹1 each aggregating up to ₹[●] million by Prudential Corporation Holdings Limited
- Price Band
- Floor Price ₹[●] and Cap Price ₹[●] (subject to revision)
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹1 each
Business Model
The company earns revenue primarily through management fees charged on assets under management from mutual fund operations, portfolio management services, alternative investment funds, and advisory services. Management fees from these operations represented 92.7% of revenue from operations for the six-months period ended September 30, 2025 (₹27,329.5 million). Additional revenue comes from interest, dividend income, and net gains on fair value changes of investments, which represented 7.3% of revenue from operations in the same period. The company operates on a fee-for-services model where fees are charged based on the value of assets managed or advised upon, with different fee levels for different fund types (equity funds typically command higher fees than debt or liquid funds).
Business Segments
Managing mutual fund schemes including equity and equity oriented funds, debt funds, liquid funds, arbitrage funds, index funds and exchange-traded funds as the investment manager to ICICI Prudential Mutual Fund
Providing portfolio management services to clients for customized asset allocation based on risk-return profiling
Managing alternative investment funds as part of the company's alternates business
Providing advisory services to offshore clients
Manages mutual fund schemes across equity, debt, liquid, and other categories
Provides discretionary portfolio management services to clients
Manages alternative investment funds
Provides offshore advisory services
Management of mutual fund schemes including equity, debt, hybrid, and other fund categories with 143 schemes managed as of September 30, 2025
Discretionary portfolio management services with QAAUM of ₹252.9 billion as of September 30, 2025
Management of Category III AIFs and Category II AIFs with cumulative QAAUM of ₹146.5 billion as of September 30, 2025
Advisory services to offshore clients with assets under advisory amounting to QAAUM of ₹329.1 billion as of September 30, 2025
Manages mutual funds across equity and equity-oriented schemes, debt schemes, exchange-traded funds and index schemes, arbitrage schemes, and liquid and overnight schemes. As of September 30, 2025, manages 143 schemes comprising 44 Equity and Equity Oriented Schemes, 20 debt schemes, 61 passive schemes, 15 domestic fund-of-funds schemes, one liquid scheme, one overnight scheme and one arbitrage scheme.
Provides discretionary, non-discretionary and advisory portfolio management services to individual and institutional investors, managing investments across equity, debt and alternative strategies.
Manages Category II AIFs and Category III AIFs offering different strategies such as corporate credit opportunities and commercial office yield.
Provides investment advisory services to offshore clients, specifically advising Eastspring Investments on select equity and debt products distributed across markets such as Japan, Taiwan, Hong Kong and Singapore.
Diversified equity schemes, equity-oriented hybrid schemes, sector and thematic schemes, and international schemes investing in equities. Includes diversified schemes like ICICI Prudential Value Fund and specialized schemes across technology, business cycles, and innovations.
Debt mutual fund schemes including liquid schemes, short duration schemes, floater schemes, credit risk schemes, corporate bond schemes, medium duration schemes, long-term schemes, gilt schemes, dynamic bonds, and banking/PSU schemes investing in debt and money market instruments.
Exchange-Traded Funds based on market capitalization, sectors, commodities, and debt indices; Index schemes providing passive exposure to equities, debt indices, and overseas indices including Nifty 50, BSE SENSEX, and commodity ETFs.
Discretionary and advisory portfolio management services for high-net-worth individuals, family offices, corporates, trusts, and institutions across 25 strategies including Contra, PIPE, Growth Leaders, Value, Large Cap, and ACE strategies using business, management, and valuation framework.
Category II and Category III AIFs offering equity strategies, private credit, long-short strategies, and real estate funds registered with SEBI for sophisticated investors across various asset allocation strategies.
Investment advisory services to offshore clients since 2006, currently advising Eastspring (Prudential's in-house asset management arm) on select equity and debt products distributed across markets such as Japan, Taiwan, Hong Kong, and Singapore.
Investment management services for ICICI Prudential Mutual Fund schemes; management fees charged as a percent of Assets Under Management
Alternative Investment Funds and Portfolio Management Services; management fees charged as percentage of AUM and performance fees where permissible
Advisory services to clients
Offers 143 mutual fund schemes comprising 44 Equity and Equity Oriented Schemes, 20 debt schemes, 61 passive schemes, 15 domestic fund-of-funds schemes, one liquid scheme, one overnight scheme and one arbitrage scheme.
Provides portfolio management services to HNIs, family offices, corporates and institutions; manages alternative investment funds across equity-focused, private credit, long-short strategies and office yield funds; and provides investment advisory services to offshore clients.
Management of mutual fund schemes across equity, debt, ETFs, arbitrage, and liquid schemes
Management of Portfolio Management Services and Alternative Investment Funds
Provision of investment advisory services
SWOT Analysis
Strengths
- • Established investment manager for ICICI Prudential Mutual Fund with diversified business across mutual funds, PMS, AIFs, and advisory services(p.19)
- • Strong financial performance with significant profit growth and high return on equity(p.21)
- • Substantial assets under management growth across periods(p.39)
- • Strong backing from promoters ICICI Bank Limited and Prudential Corporation Holdings Limited(p.3)
- • Zero debt capital structure providing financial flexibility(p.21)
- • Largest asset manager in India by active mutual fund AUM(p.40)
- • Strong brand and reputation from Promoter affiliations(p.41)
- • Significant AUM growth across product categories(p.40)
- • Diversified product portfolio spanning equity, debt, and alternative schemes(p.62)
- • Strong profitability and cash generation(p.40)
- • Largest asset manager in India by active mutual fund QAAUM with 13.3% market share(p.104)
- • Highest market share in equity and equity oriented schemes at 13.6% QAAUM(p.104)
- • Largest individual investor franchise with 15.5 million investors and 13.7% market share(p.104)
- • Most profitable AMC in India with 20.0% operating profit market share in FY2025(p.105)
- • Diversified product portfolio with 143 mutual fund schemes, largest number among all AMCs(p.104)
- • Strong return on equity of 82.8% for FY2025, well above peers(p.105)
- • Leverages brand reputation of ICICI Bank and Prudential with pan-India multi-channel distribution(p.105)
- • Largest asset manager in active mutual funds and equity schemes with strong market position(p.188)
- • Dominant position in equity-oriented hybrid schemes with largest market share(p.188)
- • Highest individual investor AUM in mutual funds with strong retail base(p.188)
- • Most profitable AMC with highest operating profit before tax market share(p.188)
- • Largest number of schemes managed with diversified product portfolio(p.189)
- • Leveraging extensive ICICI Bank distribution network as promoter(p.190)
- • Strong SIP pipeline and systematic transaction flows providing stable AUM base(p.192)
- • Experienced management team with average 25 years industry experience(p.190)
- • Extensive product portfolio across multiple asset classes(p.204)
- • Pioneering digital adoption with high transaction velocity(p.209)
- • Large and diversified asset base across multiple business segments(p.202)
- • Strong technology infrastructure and cybersecurity posture(p.209)
- • Established second-largest market position in Indian AMC industry(p.226)
- • Established investment management operations with significant AUM across multiple asset classes(p.271)
- • Strong financial performance with growing profitability and revenue streams(p.266)
- • Diversified revenue sources from mutual fund management, AIF, PMS and advisory services(p.305)
- • Established regulatory registration across multiple investment management frameworks(p.271)
- • Significant investments held with strong asset base(p.291)
- • Established presence with International Financial Services Centre operations(p.271)
- • Largest asset manager by active mutual fund QAAUM in India(p.351)
- • Largest AUM in equity-oriented hybrid schemes(p.351)
- • Highest individual investor MAAUM in India(p.351)
- • Most profitable asset manager by operating profit before tax(p.352)
- • Over 30 years operating history in asset management(p.352)
- • Largest number of schemes in Indian mutual fund industry(p.352)
- • Strong backing from ICICI Bank and Prudential(p.353)
- • Significant revenue growth driven by management fees(p.354)
- • Strong revenue growth driven by management fees from mutual fund operations(p.370)
- • Substantial growth in Assets Under Management across all segments(p.370)
- • Diversified product portfolio with strong growth in alternative investment funds(p.371)
- • Strong profitability with consistent profit growth(p.371)
- • Significant cash generation from operations(p.375)
- • Zero external debt burden(p.376)
- • Wide customer base with no material dependence on single customers(p.379)
Weaknesses
- • Significant underperformance of certain fund schemes relative to benchmarks(p.38)
- • Dependence on management fees from a concentrated set of asset classes and products(p.38)
- • Outstanding tax litigation involving promoters relating to potentially unfavorable assessments(p.23)
- • High employee attrition rate exceeding 25% historically(p.45)
- • Concentration of AUM in few schemes creates vulnerability(p.48)
- • Insurance coverage decline despite asset growth(p.49)
- • Untraceable historical corporate records(p.61)
- • Contingent liabilities including employee matters and bank guarantees(p.63)
- • Majority ownership concentration with ICICI Bank holding 51.0% and Prudential holding 49.0% of pre-offer capital(p.93)
- • This is an Offer for Sale with no proceeds to the Company(p.101)
- • Limited independent shareholding outside promoters pre-listing(p.98)
- • High concentration in single asset class with equity schemes representing 55.8% of mutual fund QAAUM(p.189)
- • Limited passive fund penetration with only 14.9% of total mutual fund QAAUM(p.199)
- • Reliance on ICICI Bank and Prudential as parent companies for brand and distribution(p.195)
- • High dependence on promoter trademark licenses subject to termination risk(p.229)
- • Reliance on Memorandum of Understanding provisions that terminate at IPO listing(p.228)
- • Significant dependence on leased office premises including registered office(p.211)
- • Inability to trace certain historical corporate records(p.225)
- • High employee attrition rates indicating talent retention challenges(p.251)
- • Significant dependence on key managerial and senior management personnel(p.251)
- • Recent leadership transition with Chief Risk Officer resignation(p.251)
- • Substantial leasehold commitment obligations(p.298)
- • High concentration on single customer - ICICI Prudential Mutual Fund(p.331)
- • Significant lease liability obligations(p.317)
- • High defined benefit gratuity obligations(p.314)
- • Significant fees and commission expenses increasing faster than historical rates(p.369)
- • Contingent liability from employee-related matter(p.343)
- • Disputed indirect tax matters(p.343)
- • Material dependence on revenue from ICICI Prudential Mutual Fund(p.379)
- • High employee benefits expenses growing faster than revenue(p.371)
- • Significant operating expenses including technology costs increasing substantially(p.371)
- • Outstanding tax liabilities and disputes(p.384)
Opportunities
- • Growing Indian mutual fund industry driven by household savings and individual investor participation(p.19)
- • Expansion opportunity in Portfolio Management Services with industry maturation(p.19)
- • Growth in alternative investment funds as key private markets segment(p.19)
- • Diversification into alternates business complementing core mutual fund operations(p.19)
- • Low mutual fund penetration in India offers growth potential(p.63)
- • Expansion into ESG and sustainable investing products(p.56)
- • Strategic acquisition opportunities in asset management(p.46)
- • International expansion with DIFC Dubai branch approval(p.57)
- • Growing wealth creation and savings in India(p.40)
- • India's mutual fund QAAUM projected to grow at 16-18% CAGR through FY2030, reaching ₹147-155 trillion(p.138)
- • Demat accounts growing at 32.3% CAGR from FY2019 to FY2025, indicating rising retail participation(p.133)
- • India remains one of world's fastest-growing economies with 6.5% real GDP growth expected to continue(p.124)
- • Rising urbanization and favorable demographics with 27% of population in 15-29 age group(p.128)
- • Equity and equity-oriented schemes gaining prominence with net inflows of ₹8,151.2 billion in FY2025(p.141)
- • Individual investor AUM growing with SIP flows above ₹200 billion monthly and individual AUM reaching 60.7% of total MF AUM(p.137)
- • Significant growth potential from low mutual fund penetration in India(p.152)
- • Expanding SIP adoption as key growth lever with strong contribution to equity funds(p.143)
- • Growing retail investor participation in capital markets with expanding demat accounts(p.152)
- • Demographic tailwinds with young population driving investment needs(p.158)
- • Growth potential from passive funds segment with rising adoption(p.142)
- • Expansion opportunity in B30 (beyond top 30) cities with highest growth rates(p.151)
- • Rising financialization of household savings into mutual funds(p.154)
- • Opportunity to grow Alternates business through scale and new product offerings(p.198)
- • Expanding product innovation in ETFs and passive fund strategies(p.201)
- • Growth in alternative investment products across Category II and III AIFs(p.203)
- • Systematic transactions and SIP adoption as growth driver(p.205)
- • Expansion of international and offshore advisory services(p.203)
- • Leveraging extensive pan-India distribution network for market penetration(p.205)
- • Expansion of Alternative Investment Fund and Portfolio Management Services offerings(p.305)
- • Growing advisory services revenue stream(p.305)
- • Leverage international financial services capabilities(p.271)
- • Expand investment portfolio across asset classes(p.291)
- • Low penetration and high savings rate in India mutual fund market(p.354)
- • Shift from physical to financial assets in household savings(p.354)
- • Growing preference for equity-oriented schemes with higher fee structures(p.354)
- • Strong expected economic growth in India(p.353)
- • Expansion in Alternates business and offshore advisory services(p.352)
- • Growing SIP flows demonstrating investor engagement(p.352)
- • Expansion of alternative investment fund offerings(p.379)
- • Growth in portfolio management services(p.370)
- • International expansion including IFSC operations(p.395)
- • Offshore investment advisory services(p.395)
- • Growth in equity and equity-oriented schemes(p.370)
Threats
- • Adverse economic and market conditions reducing investor confidence and asset values(p.38)
- • Interest rate and credit risk affecting fixed income portfolios and valuations(p.38)
- • Intense competition from existing and new market participants potentially pressuring fees(p.22)
- • Regulatory and policy changes affecting the asset management industry structure and operations(p.38)
- • Shift in investor preferences from active to passive products with lower fee margins(p.38)
- • Decline in systematic investment transactions due to economic volatility or reduced savings rates(p.38)
- • Intense competition from new and existing market participants(p.40)
- • Regulatory changes constraining fee structures and expense ratios(p.47)
- • Cyber-security and data breach risks(p.44)
- • Emergence of direct indexing and SMAs as alternatives to mutual funds(p.54)
- • Dependency on ICICI Bank shareholding and ICICI group brand(p.56)
- • Macroeconomic volatility and interest rate fluctuations(p.40)
- • Regulatory oversight and periodic inspections by SEBI(p.51)
- • Global geopolitical instability and US tariff policy creating downside risks to India's growth forecast(p.124)
- • Increased competition with number of registered mutual funds in India growing from 49 to 54 between March and September 2025(p.139)
- • Market share concentration decline with top 10 AMCs market share decreasing from 82.7% (Mar-2021) to 76.4% (H1 FY26)(p.139)
- • Debt schemes declining in proportion from 34.6% (FY21) to 16.4% (FY25) while equity schemes gain ground(p.140)
- • Dependency on capital market volatility and equity market performance for revenue generation(p.141)
- • Market volatility from macroeconomic and geopolitical factors affecting investor sentiment(p.160)
- • Competition from ULIPs and ETFs attracting investor capital(p.160)
- • Increased competition from new players entering the mutual fund market(p.160)
- • Shift toward passive investing reducing active fund market share(p.160)
- • Technological disruption from DIY investors and robo-advisors(p.160)
- • Removal of indexation benefits on debt mutual funds reducing investor appeal(p.160)
- • High interest rates negatively impacting debt mutual fund returns(p.161)
- • Low investor awareness limiting market penetration in rural and smaller towns(p.161)
- • Intensely competitive asset management industry with potential fee compression(p.211)
- • Regulatory changes and SEBI compliance requirements creating operational constraints(p.213)
- • Competition from alternative investment products and non-mutual fund vehicles(p.211)
- • Risk from potential disruption of asset base due to scheme consolidation or conversion(p.214)
- • Market volatility impacting investment valuations and returns(p.305)
- • Regulatory changes affecting mutual fund operations and asset management(p.271)
- • Dividend sustainability dependent on market performance and profitability(p.258)
- • Dependence on promoter trademarks and intellectual property(p.255)
- • Intense competition from domestic and foreign asset managers(p.356)
- • Competition from alternative investment vehicles including insurance products(p.356)
- • Regulatory changes affecting fee structures and business model(p.357)
- • Regulatory constraints on investment policies and expense ratios(p.354)
- • Dependence on investment performance for attracting and retaining customers(p.356)
- • Macroeconomic factors affecting household savings and investor sentiment(p.353)
- • Volatility in net gain on fair value changes affecting revenue(p.369)
- • Intense competition in asset management industry(p.379)
- • Market volatility and changes in asset valuations(p.377)
- • Regulatory risks and outstanding regulatory actions(p.384)
- • Tax litigation and regulatory disputes(p.384)
- • Dependence on market conditions and investor sentiment(p.379)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| ICICI Bank Limited | Promoter | 51.0% | — |
| Prudential Corporation Holdings Limited | Promoter / Promoter Selling Shareholder | 49.0% | — |
| ICICI Bank Limited | Promoter | — | — |
| Prudential Corporation Holdings Limited | Promoter/Promoter Selling Shareholder | — | — |
| ICICI Bank Limited | Promoter/Promoter Selling Shareholder | 51.0% | [●] |
| Prudential Corporation Holdings Limited | Promoter | 49.0% | — |
| ICICI Bank Limited | Promoter | — | — |
| Prudential Corporation Holdings Limited | Promoter | — | — |
| ICICI Bank Limited | Promoter and Holding Company | Shareholding structure not explicitly stated for pre-IPO | Minimum 10% locked-in post-Offer as per Inter Se Agreement |
| Prudential Corporation Holdings Limited | Promoter | Shareholding structure not explicitly stated for pre-IPO | Minimum 10% locked-in post-Offer as per Inter Se Agreement |
| ICICI Bank Limited | Promoter | 51% | — |
| Prudential Corporation Holdings Limited | Promoter | 49% | — |
| ICICI Bank Limited | Holding company | 51% | — |
| Prudential Corporation Holdings Limited | Parent entity with significant influence | — | — |
| Prudential Corporation Holdings Limited | Promoter Selling Shareholder | [●]% (Pre-Offer Equity Share capital) | — |
| Prudential Corporation Holdings Limited | Promoter Selling Shareholder | — | — |
| ICICI Bank Limited | Promoter | — | — |
Leadership
Sandeep Batra · Chairman and Nominee Director
Nimesh Vipinbabu Shah · Managing Director and Chief Executive Officer
Naveen Kumar Agarwal · Chief Financial Officer
Rakesh Shetty · Chief Compliance Officer & Company Secretary
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.