The $2 Billion Power Move: Former Citigroup Banker and 360 One Asset, Anirudha Taparia Launches New India Investment Firm.
Discover how former Citigroup and 360 ONE veteran Anirudha Taparia is shaking up the Indian financial sector with a new $2 billion investment firm.
Explore the fund’s strategy, the rise of Indian wealth management, and what this means for investors.
In the rapidly evolving landscape of Indian finance, a major new player has emerged with the potential to reshape the wealth management and investment sector. Anirudha Taparia, a veteran of the banking industry and former co-CEO of 360 ONE Wealth (formerly IIFL Wealth), is reportedly launching a new investment firm that has already drawn significant attention with a staggering $2 billion in initial interest and commitments.
This move comes at a time when India’s private wealth sector is witnessing unprecedented growth, driven by a surge in high-net-worth individuals (HNIs) and a robust domestic economy.
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The $2 Billion Power Move: Former Citigroup Banker Anirudha Taparia Launches New India Investment Firm
The Indian financial ecosystem is currently a hotbed of activity, but few stories have generated as much buzz as the departure of Anirudha Taparia from 360 ONE to start his own venture. Backed by a career spanning over two decades including a pivotal decade at Citigroup, Taparia is leveraging his deep expertise to build what is expected to be a powerhouse in the Indian alternative investment space.
Who is Anirudha Taparia?
Before diving into the mechanics of the new firm, it is essential to understand the pedigree of the man behind it. Anirudha Taparia is not just another banker; he is a foundational figure in India’s modern wealth management story.
- The Citigroup Era: Taparia spent nearly 10 years at Citigroup, where he honed his skills in relationship management and high-end financial services.
- The IIFL/360 ONE Legacy: He was instrumental in the growth of IIFL Wealth (now 360 ONE), helping it scale from a niche player to one of India’s largest wealth managers with over $50 billion in assets under management (AUM).
- An Entrepreneurial Spirit: Having been elevated to Co-Founder status at 360 ONE, Taparia has a proven track record of building businesses from the ground up within a corporate framework.
The Strategic Vision: Why a $2 Billion Fund?
The headline-grabbing $2 billion figure represents more than just capital; it represents a massive vote of confidence from global and domestic institutional investors.
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Investment Strategy and Focus
While the specific name of the new firm and its full charter are still unfolding, industry insiders suggest a multi-pronged approach tailored to the unique dynamics of the “New India.”
1. Alternative Investment Funds (AIFs): The firm is expected to focus heavily on Category II and III AIFs. These structures allow for sophisticated strategies including private equity, private debt, and long-short equity funds.
2. Private Credit and High-Yield Debt: With traditional banks becoming more cautious, there is a massive gap in the market for private credit. Taparia’s firm is likely to target mid-market companies and real estate projects that require flexible capital solutions.
3. Growth Equity: India’s startup ecosystem has matured. The fund will likely target “late-stage” growth equity, investing in companies that have proven business models but need significant capital to scale toward an IPO.
4. Wealth Management for the Next Generation: Beyond just managing a fund, Taparia is expected to build a bespoke wealth management arm that caters to the “New Money” in India, tech founders, professionals with ESOPs, and diversifying family offices.
The Indian Wealth Boom: A Perfect Storm
Why is now the right time for a $2 billion launch? The macro-economic indicators in India are aligned like never before.
- Financialization of Savings: Indian households are moving away from physical assets like gold and real estate toward financial assets (stocks, mutual funds, and AIFs).
- The Rise of Family Offices: Wealthy Indian families are no longer content with simple fixed deposits. They are seeking “Alpha”—returns that beat the market—which is exactly what Taparia’s new firm aims to provide.
- Global Interest in India: As global investors look for alternatives to a slowing China, India stands out as the primary growth engine for the next decade.
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Operational Excellence: Building the Team
A fund is only as good as the minds behind it. Reports suggest that Taparia’s new firm is already attracting top-tier talent from global investment banks and rival wealth firms. The strategy is to build a “lean but elite” team capable of executing complex deals in a fast-moving market.
Key Pillars of the New Firm:
- Technology-First Approach: Leveraging AI and data analytics for better risk assessment and client reporting.
- Governance and Transparency: Following global standards to ensure that institutional capital feels safe and well-managed.
- Niche Specialization: Focusing on sectors like Digital Infrastructure, Consumer Brands, and Healthcare.
What This Means for the Competition
The entry of a $2 billion player led by a veteran like Taparia will undoubtedly put pressure on established firms like Kotak Mahindra, Avendus, and even his former home, 360 ONE.
However, many analysts believe the market is large enough for everyone. The “Wealth Management Pie” in India is expanding so rapidly that the challenge isn’t finding clients; it’s finding high-quality investment opportunities to put that capital to work.
Conclusion: A New Chapter in Indian Finance
Anirudha Taparia’s transition from a corporate leader to the head of a multi-billion dollar independent firm marks a significant milestone in India’s financial evolution. It signals that Indian finance has “come of age,” with homegrown talent now capable of commanding the kind of capital that was once reserved only for Wall Street giants.
For investors, this new firm represents a fresh opportunity to participate in India’s growth story through a sophisticated, institutional-grade platform. As the fund begins its deployment phase, all eyes will be on where that $2 billion goes and how it will shape the future of Indian industry.
Team: Intellexconsulting.com
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