Centricity WealthTech expands its footprint in the South Market with its new office in Mangaluru
Mangaluru: Centricity WealthTech, India’s fastest-growing tech-enabled wealth management company, expands its South India footprint with its new office in Mangaluru. Strategically located at the vibrant and business heart of the city, Hampankatta, the newly launched office will cater to a wide spectrum of requirements in wealth management and financial product distribution across the coastal region.
Founded in early 2022 by Manu Awasthy, Centricity WealthTech has built a robust foundation with more than 15,000 financial product distributors and an AUM exceeding Rs 10,000 crore. In its endeavour to further strengthen its national presence, the Mangaluru office marks a significant milestone towards increasing access for financial product distributors and investors in emerging markets. With this development, its network now spans over 80 branches across 22 states and 76 cities, serving more than 50,000 retail clients and 150 family office clients.
On this occasion, Anirudh Mahanot, Founding Team Member and Business Head (South and West India), Centricity WealthTech, said, “The Mangaluru hub gives us a platform to bring our digital capabilities, high-impact advisory, and distribution support closer to a region that is witnessing substantial investor activity. This move will allow us to support local MFDs, wealth managers, and asset managers more closely and bring advanced digital tools and solutions to a wider segment of the market.”
Under Mr Mahanot’s leadership guidance, the Mangaluru office will be led by Attur Sandesh Prabhu, Branch Manager, with the support of a dedicated team, including State Head Sucheta Rahaman. The launch of the Mangaluru office is in alignment with Centricity WealthTech’s commitment and expansion plans to cover 95% of Indian states. Thus, aiming to democratize accessibility of best-in-class financial advice beyond the traditional metros, backed by its proprietary technology and growing physical footprint.
About Centricity WealthTech:
Founded in April 2022 by Manu Awasthy, Centricity WealthTech is India’s fastest-growing tech-enabled Wealth Management start-up serving clients from all demographics and investment budgets. With a network of over 15,000 financial product distributors, Centricity WealthTech has built a strong foundation. The company has over 80 branches in 76 cities across 22 states, covering all major metros as well as an extensive network of Tier 2 and Tier 3 cities across India. Today, Centricity WealthTech serves a diverse portfolio of over 50,000 retail clients and 150 family office clients.
Centricity operates through a dual platform model – ‘Centricity Platform’, which serves financial product distributors (FPDs) with access to products from 100+ asset management companies (AMCs) and offers a phygital experience that blends digital ease with human support, & INVICTUS caters specifically to ultra-high-net-worth individuals (UHNWIs) and single-family offices (SFOs) managing portfolios above INR 100 crore financial portfolio.
Centricity WealthTech, which began its business operations in April 2023, has recently raised $20 million (INR168 Cr.) in a seed funding round, led by Lightspeed India Partners and backed by Burman Family Office (Dabur Group), MS Dhoni’s Family Office, amongst others.
www.centricity.co.in
