Wealthapp, a city-based wealth management firm, has surpassed mutual funds assets under management of ₹1,000 crore and has set its sights on reaching the next milestone of ₹2,000 crore faster than the previous one.

Founded in 2014, Wealthapp operates in eight cities and serves over 1,500 client families. The firm has expanded its portfolio beyond HNI wealth management by venturing into family office services.

In its family office division, Wealthapp serves as a custodian, managing financial and wealth-related solutions for its clients.

Anindya Paulchaudhuri, group CEO, Wealthapp told The Telegraph that the company is looking at innovative solutions such as dollar-based investment products for HNI clients and is also looking at opportunities in GIFT City in Gujarat.

The firm is also expanding its team in Mumbai, Ahmedabad and Bhubaneshwar.

“In April 2020, amid the challenges of the Covid-19 pandemic, we made the bold decision to pursue business expansion. At that time, our AUM stood at just ₹180 crore. This achievement is a testament to the trust and confidence our clients have in our bespoke financial strategies,” said Paulchaudhuri.

“Our objective is to sustain and amplify this momentum with plans to expand into new cities and strengthen our team across the country,” he said.

“Reaching this milestone reflects our team’s relentless dedication and expertise in steering clients towards their financial aspirations,” said Soumyajit Ghosh, founder and CIO, Wealthapp.

“We eagerly anticipate building upon this achievement and guiding our clients through the ever-evolving financial landscape,” said Rahul Johri, mentor and chairman, of Wealthapp Family Office.