This marks TVS Capital’s first bet in the wealth management space.
The fresh capital will be deployed to accelerate Neo Group’s growth and focus on delivering specialised solutions to its clients.
Neo Group’s existing institutional investors include Peak XV Partners, MUFG Bank, and Euclidean Capital.
The Mumbai-based company manages about Rs 1 lakh crore in client assets, with around Rs 50,000 crore in annualised recurring revenue assets under management, according to a prepared statement.
“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,” Nitin Jain, chairman and managing director, Neo Group, said.
The firm’s wealth management business caters primarily to ultra high net worth individuals (UHNIs) and family offices through a team of about 150 senior wealth advisors, while Neo Asset Management focuses on alternative assets, including private credit, infrastructure, and private equity.
“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,” said Shyam Srinivasan, chairman of the FS advisory board at TVS Capital Funds.
