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Time of India
21-07-2025
- Business
- Time of India
Madhu Lunawat makes history as first Indian woman to set up a mutual fund business
The Wealth Company , part of the Pantomath Group , announced on Friday that it has received approval from the Securities and Exchange Board of India ( Sebi ) to launch its mutual fund business , becoming the first fund house in India founded by a woman. The asset management company is led by Madhu Lunawat , who is also the Co-founder and Executive Director of the Pantomath Group. Currently, there are approximately 46 existing fund houses in India, with a few having recently received approval to begin operations. Among them, only one fund house – Edelweiss Mutual Fund – is headed by a woman. Radhika Gupta serves as the Managing Director and CEO of Edelweiss Mutual Fund. 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Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mumbai: 1 Trick to Reduce Belly Fat? Home Fitness Hack Shop Now Undo Lunawat is the first Indian woman to independently set up and receive Sebi's approval for a fund house, according to a press release. Before co-founding Pantomath, she held positions at Infosys, ASREC, and the Edelweiss Group, where she served as CFO of Edelweiss ARC. 'This is not just a moment for me – it's a moment for every woman who wants to build, lead, and reshape the financial landscape,' Lunawat told TOI. 'We're here to build something that's intelligent, long-term, and deeply aligned with the real needs of Indian investors,' she said. Live Events With this regulatory milestone, The Wealth Company formally enters the Rs 74.41 trillion mutual fund industry under its new identity – The Wealth Company Mutual Fund. Sebi granted the Certificate of Registration to the company on July 18, enabling it to commence operations as a registered Asset Management Company ( AMC ). The Wealth Company Mutual Fund aims to bring a unique proposition to the market by combining rigorous, bottom-up, and data-intensive research methodologies—typically seen in private equity – with the simplicity and accessibility needed by retail investors, the release added. As India's youngest AMC, The Wealth Company Mutual Fund seeks to democratize wealth creation for retail investors across the country. It has a strong focus on Tier-3 and beyond markets, which have been witnessing growing economic activity and rising surplus incomes. These, the company believes, deserve to be channeled into active fund management to participate in the country's promising development journey as part of the Viksit Bharat agenda. Also Read | SBI FDs offer up to 6% returns in short term. Should investors explore debt mutual funds instead? The Wealth Company's foray into mutual funds builds upon its remarkable success in the alternate investment space, where it emerged as one of the fastest-scaling platforms in recent years. According to the press release, within a short span, the company built a robust portfolio across equity and structured strategies, attracting marque investors and delivering consistent performance. This experience in managing sophisticated investment products has laid a strong foundation for its mutual fund venture, positioning fund houses to offer both innovation and stability from day one. "Over the years, mutual funds have been the most trusted and optimum investment platform for retail investors. As the country progresses towards its Viksit Bharat agenda, increasing number of retail investors have an opportunity to play a strong role in national building and the ensuing wealth creation that would follow,' said Madhu Lunawat, Founder, MD and CEO of The Wealth Company Asset Management Holdings Private. She further adds, 'Our entry into mutual funds is driven by a commitment to bring the same disciplined, data-driven investment philosophy honed in our alternative ventures to a wider audience. We believe in democratizing wealth creation by offering high-quality, outcome-oriented products and empowering our MFD partners to serve investors effectively, particularly in the promising Tier 3 and beyond markets, aligning with India's Viksit Bharat agenda.'
Time of India
19-07-2025
- Business
- Time of India
Lunawat, 1st woman to set up mutual fund biz, get Sebi nod
File photo MUMBAI: The Wealth Company, backed by Pantomath Group, on Friday said it has received Sebi approval to launch its mutual fund business. This made the Wealth Company the first fund house in India to be founded by a woman to receive Sebi nod to start an MF business. The company is led by Madhu Lunawat, also a co-founder of the Pantomath Group, a leading investment banking firm in the mid-market segment. Currently, of the nearly 50 fund houses in the country, only one, Edelweiss MF, is headed by a woman, Radhika Gupta, as its managing director & CEO. Lunawat, a chartered accountant by training, is the first Indian woman to independently set up and receive Sebi approval for a non-institutional mutual fund house, a release from the company said. Before co-founding Pantomath, Lunawat had stints with Infosys, ASREC, and the Edelweiss group. 'This is not just a moment for me — it's a moment for every woman who wants to build, lead, and reshape the financial landscape,' Lunawat told TOI. She will be leading the new fund house as its MD & CEO. 'We're here to build something that's intelligent, long-term, and deeply aligned with the real needs of Indian investors,' she said. The fund house will leverage technology to have a strong presence in the hinterlands. It will also have a client-first approach, she said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
18-07-2025
- Business
- Economic Times
Patel Chem Specialities IPO to open on July 25, price band set at Rs 82 to Rs 84 per equity share
Patel Chem Specialities' ₹58.8 crore IPO opens on July 25 and closes on July 29. Proceeds will fund a new plant, corporate needs, and expansion. Listing is set for August 1 on BSE SME. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads IPO proceeds use About Patel Chem Specialities Patel Chem Specialities will open its Initial Public Offering (IPO) on Friday, July 25. The issue comprises a fresh offer of 70,00,000 equity shares with a face value of ₹10 each. The total issue size is ₹58.80 crore at the upper price band, with the price band set at ₹82 to ₹84 per share. The market lot is 1,600 equity anchor portion will open and close on July 24. The issue will close on July 29. The expected allotment date and credit to demat accounts is on or before July 31. The listing date is August 1 and will be listed on BSE Read | The Wealth Company receives Sebi approval to commence mutual fund business The share allocation for Qualified Institutional Buyers (QIB, including Anchor) is 33,16,800 shares, for Non-Institutional Investors (NII) is 9,98,400 shares, for Retail Individual Investors is 23,31,200 shares and for market maker is 3,53,600 lead managers are Cumulative Capital Private Limited and Unistone Capital Private Limited. The registrar to the issue is MUFG Intime India Private Limited (formerly Link Intime India Private Limited).The utilization of net proceeds will be for funding capital expenditure requirement of our company, to set up plant at Indrad, Mahesana for manufacturing Croscarmellose Sodium, Sodium Starch Glycolate – Corn Starch Base & Potato Starch Base and Calcium Carboxymethylcellulose (CMC), for general corporate purposes, and for issue-related expenses."The IPO proceeds will fuel our strategic expansion and strengthen our presence in both domestic and international markets. With a growing portfolio of pharmaceutical excipients and exports to over 15 countries, we are committed to timely and customized delivery through our advanced facilities in Vatva and Talod. The upcoming facility at Indrad, Mehsana will help us meet rising demand for key products like CCS, SSG, and Calcium CMC, and support our focus on innovation and customer-driven solutions," said Bhupesh Patel, Managing Director of Patel Chem Specialities."We are proud to partner with Patel Chem Specialities Limited for their IPO journey. The company's strong foundation in pharmaceutical excipients, backed by a seasoned leadership team and robust export footprint, positions it well for sustainable growth in a global market that's increasingly leaning on reliable, high-quality ingredients. This offering marks an important milestone not just for the company, but for investors seeking value in a rapidly evolving pharmaceutical ecosystem. With the upcoming facility in Indrad, their scale and innovation potential are set to expand meaningfully," said Swapnilsagar Vithalani, Co-founder and Director, Cumulative Capital Read | NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility? Established in 2008, Patel Chem Specialities Limited is a leading manufacturer of cellulose- and starch-based pharmaceutical excipients and is known for its commitment to global quality standards, according to a press company's products are integral to drug formulation processes and comply with global quality benchmarks. With a dedicated in-house R&D facility and an experienced technical team, the company offers customized, cost-effective, and innovative specialty chemical solutions across diverse of FY25, the company has an installed production capacity of 7,200 MT per year, with a capacity utilization rate of 89%.In FY25, the company reported a strong performance with Operating Revenue of Rs 105.09 crore, EBITDA of Rs 15.27 crore with Net Profit of Rs 10.57 crore.
