COMPANY INTELLIGENCE PROFILE
NEO WEALTH MANAGEMENT PRIVATE LIMITED
Neo Wealth Management Private Limited is the wealth-management/broking arm of the "Neo Group," founded by Nitin Jain (former CEO of Edelweiss Wealth Management) who spun the business out to launch Neo in 2021.
Neo Wealth Management Private Limited, an unlisted entity founded in September 2021, operates in the financial services sector focusing on portfolio and wealth management. It offers services including broking and investment advisory under the Neo Group, established by Nitin Jain. The company is SEBI-registered with memberships in major Indian exchanges. Financials indicate a revenue of ₹94.36 crore in FY2025 with a net loss implied. Borrowings are primarily from AU Small Finance Bank, Axis Bank, and ICICI Bank.
AI-generated, may contain errors.
Business Overview
- Neo Wealth Management Private Limited is the wealth-management/broking arm of the "Neo Group," founded by Nitin Jain, former CEO of Edelweiss Wealth Management, who spun the business out to launch Neo in 2021.
- Per the official site (neo-wealth.com), the company offers Broking, Depository Participant and Investment Advisory services, along with equity trading, mutual fund distribution, IPO subscriptions, and bond investments via its platform/app.
- It is SEBI-registered and holds memberships with NSE, BSE, MCX and NCDEX.
- It sits under group holding company Neo Investment Value Advisors Private Limited, alongside sister/subsidiary entities Neo Asset Management Private Limited, Neo Wealth Partners Private Limited, and Neo Markets Services Private Limited, the group also runs Neo Multi Family Office and Neo Leaf.
- Approx.
- 136 employees as of mid-2024 per Tofler, unverified beyond one source.
Sector & Classification
Financial Services — Portfolio Management / Wealth Management Advisory. NIC/activity code group K (Financial and Insurance Services), sub-code K7 "Financial Advisory, Brokerage and Consultancy Services" (Source: Tofler). TheCompanyCheck separately tags broad sector as "Real Estate and Renting" (likely a mis-bucketed MCA sector field for financial holding-type NBFC classification) — noting this as a source conflict; the K7 financial-advisory classification is the more descriptive/reliable one given the company's actual business.
Directors & Key Management
Directors — source notes
Source conflict on the current roster — reported here with attribution: - Tofler (company overview) lists only 3 CURRENT directors: Anupam Agal (appointed 25 May 2022), Pawan Kumar (appointed 30 Jul 2024), Chandramouli Raghavendra Prabhu (Additional Director, appointed 08 Sep 2025) — with a note that 14 other individuals have served and resigned historically. DINs not shown on this particular Tofler view. - TheCompanyCheck lists 7 directors with DINs (unclear if all currently serving or a mix of current+past): Nitin Jain (DIN 01995230, ~5 yr tenure — founder/Group CEO), Gaurav Atha (DIN 00915786, ~2 yr), Anupam Agal (DIN 07608920 — note: DIN differs from the number implied elsewhere, flagged as a possible data-entry variance), Varun Bajpai (DIN 00058339, ~4 yr; noted as CEO ~3 yr), Vishal Vithlani (DIN 08387685, ~3 yr), Chandramouli Raghavendra Prabhu (DIN 11281445, Additional Director ~1 yr), Pawan Kumar (DIN 10708937, ~2 yr). Status: PARTIAL — the two sources disagree on which of the 7 are presently serving vs. resigned; Anupam Agal, Pawan Kumar and Chandramouli Raghavendra Prabhu are confirmed current by both; Nitin Jain, Gaurav Atha, Varun Bajpai and Vishal Vithlani appear only on TheCompanyCheck's roster and could not be cross-confirmed as still-serving from a second source. Falconebiz (best source for DINs per brief) could not be loaded (search directory page only, no company-specific record retrieved).
GST Registrations
Not obtained. Individual GSTIN lookups (knowyourgst.com PAN page, mastersindia.co, findgst.in) returned 404 / no direct database records via automated fetch; no GSTIN for AAHCN8058K could be independently confirmed. Tofler/TheCompanyCheck both explicitly flag GST registration detail as locked behind their paid tiers. Home state would presumptively be Maharashtra given registered address, but this is inferred, not confirmed.
Financials
NEO Wealth Management reported a 52% YoY increase in revenue to ₹94.36 crore for FY2025, indicating strong growth. The company experienced a net loss, with a -4.19% net profit margin. Borrowings, primarily from AU Small Finance and Axis Bank, totaled approximately ₹445.5 crore, highlighting debt-funded expansion.
AI-generated, may contain errors.
| Latest available, standalone, MCA-filing-derived via Tofler/TheCompanyCheck, FY ending 31 March 2025: | |
| Revenue | ₹94.36 crore for FY2025, +52.00% YoY (Source: Tofler). TheCompanyCheck corroborates a "+51.62%" total revenue change for the same period and gives operating revenue banded at ₹1–100 crore for FY2024 — broadly consistent. |
| EBITDA | not disclosed numerically, locked behind paywall on both sources |
| TheCompanyCheck shows an EBITDA "change" figure of -2925.8%, implies a swing from positive to negative or a very small base — the raw EBITDA rupee figure is not obtained, treat this % with caution. | |
| PAT (Net Profit) | not obtained — locked on both sources |
| TheCompanyCheck gives a derived "Net Profit Margin" of -4.19% (Mar 2025), implying a net LOSS for FY2025, but absolute PAT rupee figure not confirmed. | |
| Net Worth | change of -11.08% (Mar 2025) per TheCompanyCheck; absolute net worth figure not obtained. |
| Borrowings | reported inconsistently across two Tofler pages fetched minutes apart plus TheCompanyCheck — treat as a source conflict, direction, debt-funded, rapidly growing balance sheet, is the reliable takeaway, not the exact rupee total: |
| Tofler, company overview page | open charges total ₹839.5 cr, HDFC Bank ₹300 cr reg. 06 Nov 2025; Axis Bank ₹199 cr; others ₹340.5 cr, + ₹120 cr satisfied charges. |
| Tofler, dedicated charges page | 5 open charges totaling ₹395.5 cr, AU Small Finance Bank ₹35 cr 23-May-2025, AU Small Finance Bank ₹130.5 cr 29-Nov-2024, ICICI Bank ₹50 cr 18-Dec-2023, Axis Bank ₹150 cr 13-Oct-2023, ICICI Bank ₹30 cr 25-Sep-2023. |
| TheCompanyCheck | total borrowings ₹445.5 cr, AU Small Finance Bank 2 loans ₹165.5 cr; Axis Bank ₹150 cr; ICICI Bank 2 loans ₹80 cr, Borrowings change +237.33%, Debt/Equity 3.18, Total Assets change +126.94% (Mar 2025). |
| Best-supported figures, recur across ≥2 fetches | AU Small Finance Bank, ~₹165.5–195.5 cr across 2 loans, Axis Bank (~₹150–199 cr), ICICI Bank, ~₹80 cr across 2 loans. |
| An additional HDFC Bank | ₹300 cr charge (reg. |
| 06 Nov 2025) appears in only one fetch and is UNCONFIRMED. | |
| Standalone vs consolidated | not explicitly labeled by either source; figures appear to be standalone (single-CIN) MCA filings, not group-consolidated. |
| Overall confidence on financials | PARTIAL — revenue figure and growth direction are corroborated by 2 sources |
| Exact EBITDA/PAT/net worth rupee amounts and the precise total borrowings figure are not confirmed. | |
Funding History
- Not obtained. No funding rounds, external investors, or VC/PE backing found via available sources. The company was set up in Sep 2021 by Nitin Jain, ex-Edelweiss Wealth CEO, as part of the self-funded/promoter-led "Neo Group"
- It operates under holding company Neo Investment Value Advisors Private Limited.
- No Tracxn/Entrackr/Inc42 funding-round record could be retrieved in this session, WebSearch budget was exhausted for this session, limiting corroboration to WebFetch-only sources.
- Should be treated as "not obtained" rather than "no funding exists."
Loans & Charges
- Multiple open secured-lending charges registered against company assets, primarily from AU Small Finance Bank, Axis Bank, and ICICI Bank, see financials/borrowings section above for full breakdown and the source conflict on exact totals.
- No fully satisfied/closed-out charges were confirmed as zero-balance
- Tofler's overview page mentions ₹120 cr of "satisfied charges" separately from the ₹839.5 cr open-charges figure it also quotes. Charges data should be treated as PARTIAL/CONFLICTING pending a paid-tier or MCA-charge-index cross-check.
Credit Ratings
- Not obtained / none found.
- Neither Tofler nor TheCompanyCheck surfaced a CRISIL/ICRA/CARE rating for this entity on the pages fetched, TheCompanyCheck explicitly states "No credit ratings mentioned".
- Given the entity is a broking/advisory NBFC-adjacent company funded via bank term loans rather than public debt/NCDs, an absence of a public credit rating is plausible but not conclusively verified — reported as "none found" rather than definitively "no rating exists."
Legal & Compliance
- No specific litigation involving "Neo Wealth Management Private Limited" was found on Indian Kanoon.
- A keyword search returned only unrelated landmark constitutional cases and one tangential, clearly unrelated ITAT matter, "Rajneesh Foundation (Neo-Sannyas...)", confirming no direct hit rather than a confirmed clean record — status: none found, not exhaustively verified, as full pagination of Indian Kanoon results was not reviewed.
Competitive Landscape
- India-focused HNI/UHNI wealth-management and broking peers, named, with rough scale tags based on general market positioning — not independently re-verified this session:
- 1. 360 ONE, formerly IIFL Wealth Management, — large-cap, listed, one of India's biggest wealth managers by AUM.
- 2. Nuvama Wealth Management, formerly Edelweiss Wealth Management, the firm Neo's founder Nitin Jain previously led, — large, listed, closest direct lineage peer.
- 3. Anand Rathi Wealth Limited — listed, mid-to-large scale wealth manager.
- 4. Avendus Wealth Management — large private wealth manager, part of Avendus Group.
- 5. Client Associates — established boutique multi-family office/wealth advisory, mid-scale.
- 6. ASK Wealth Advisors / Waterfield Advisors — boutique UHNI-focused wealth advisory firms, smaller scale than the above.
- Status: PARTIAL — list reflects general market knowledge of the Indian wealth-management competitive set, not confirmed via a dedicated competitor-analysis source in this session, WebSearch budget was exhausted; only WebFetch was available.
Frequently Asked Questions
What does Neo Wealth Management Private Limited do?
Neo Wealth Management Private Limited is the wealth-management and broking arm of the Neo Group, offering broking, depository participant, and investment advisory services. It provides services such as equity trading, mutual fund distribution, IPO subscriptions, and bond investments via its platform and app. The company is SEBI-registered and has memberships with NSE, BSE, MCX, and NCDEX.
What is the incorporation date of Neo Wealth Management Private Limited?
Neo Wealth Management Private Limited was incorporated on 15 September 2021.
What is the CIN of Neo Wealth Management Private Limited?
The Corporate Identification Number (CIN) of Neo Wealth Management Private Limited is U74140MH2021PTC367572.
Where is the registered office of Neo Wealth Management Private Limited located?
The registered office of Neo Wealth Management Private Limited is located at 903, B-Wing, 9th Floor, Marathon Futurex, Mafatlal Mills Compound, N.M. Joshi Marg, Lower Parel, Mumbai, Maharashtra, India to 400013.
Sources
Tofler (tofler.in) — company overview page + charges sub-page, for CIN history, capital, address, directors, financials %, charges, group structure, employees, auditor, AGM date. TheCompanyCheck (thecompanycheck.com) — company profile page, for CIN history/confirmation, PAN, financials %, director DINs, charges, sector tag, Tofler score. Falconebiz (falconebiz.com) — attempted twice, both returned generic search-directory pages, no company-specific data retrieved (noted as a gap). Official site neo-wealth.com — business overview and logo image (confirmed via direct image fetch/render). Indian Kanoon (indiankanoon.org) — litigation search, no direct hits found. knowyourgst.com, mastersindia.co, findgst.in — attempted for GSTIN by PAN, all returned 404/no data.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.