Wealth management biz to become extremely profitable in next 10 years: Ashish Kehair, Nuvama Wealth

economictimes.indiatimes.com:

«I think big picture wise, my whole hypothesis is that if you look at the whole base of financial savings, it is in the order of magnitude about Rs 250-300 lakh crores and bulk of it has gotten created in the last 25 years,» says Ashish Kehair, MD & CEO, Nuvama Wealth.

So for any entrepreneur, for any professional, the minute you get listed, it is a big day. But I always tell people who come on the show that then you have to be prepared for more media interviews, more scrutiny and more questions by television anchors. Is it really worth it? Think about it?
Absolutely.

No, I think it is fully worth it because ultimately, every business is done to realise value for shareholders. And there is no other better way to do that in a transparent way than to be a listed company. So, I think one has to go through the motions of more media interviews, more analyst calls, more quarterly calls.

But I think that becomes a part and parcel of life.

Indian wealth management business is going through a serious tailwind right now. Indian families are getting rich, they are investing in new instruments. But even though the big picture looks very compelling, there are destructive forces which are at play. Commission structures are getting changed, new platforms are getting created, competition is intensifying. How do you see the big picture changing for us?
So, I think big picture wise, my whole hypothesis is that if you look at the whole base of financial savings, it is in the order of magnitude about Rs 250-300 lakh crores and bulk of it has gotten created in the last 25 years.

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