Anirudha Taparia, CEO & Founding Team – Nexedge Capital | Photo credit: ARJUN
Anirudha Taparia founded Nexedge Capital less than a year ago and has hired 60 bankers so far, with another 30 expected to join in the coming months. Taparia served for 13 years as joint chief executive officer at 360 One WAM Ltd., one of India’s largest asset managers, and was previously a senior vice president at Citigroup.
“The growth opportunities look great for the next decade as customers want not just products, but long-term advisors,” Taparia said in a video interview.
According to UBS Group AG, India is among the fastest growing wealth markets in the world, with an estimated 917,000 millionaires and just under 200 billionaires. According to Deloitte, assets under management among advisors are expected to reach $2.3 trillion by 2029, up from $1.1 trillion in 2024.
Taparia, 50, said Nexedge will target wealthy individuals and family offices with a net worth of at least a few million dollars. He expects assets under management to reach $2.5 billion in the coming months, and aims to employ 200 bankers by March 2027.
The company has six offices across the country and is targeting 20 in the coming years, including an overseas office for non-resident Indians looking to invest domestically.
He estimates that the potential advisor market will reach $9 trillion to $10 trillion over the next decade, up from $3 trillion today.
While ample liquidity and demand in the Indian stock markets encourage entrepreneurs to go public, entrepreneurs are also monetizing their companies through private equity transactions or acquisitions. At the same time, corporate executives and employees are seeing their equity investments and stock options grow as Indian stock markets reach new highs.
As a result, a large number of Indians moving up the income and wealth ladder require tailor-made financial advice. That’s pushing India’s largest private banks and asset managers to expand, while some veteran bankers have started their own businesses.
All this leads to a call for talent. Salaries and compensation packages have exploded in recent years, with companies offering entry-level bonuses, high commissions, stock options and other sweeteners.
Nexedge has only offered shares to its bankers, most of whom have 12 to 20 years of experience, Taparia said.
“If hiring is driven by bonuses and commissions, then the business comes down to selling products,” he said. “We want to work with clients for at least ten years, so we not only look at asset management, but also at financial assets.”
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Published on January 23, 2026
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