About Tower Fund Services
Tower Fund Services is a Financial Services company based in Oceanport (United States) founded in 2013 by Vincent Sarullo and Kinjal Amin, and was acquired by STP in November 2021. Diversified asset management services are provided to various clients. Its Indian entity Tower Fund Services India Private Limited reported revenue of ₹19.4 Lakh. Its focus areas include Asset Management, Diversified and Services for Investment Industry. Its competitors include Fidelity Investments, Morgan Stanley and Northwestern Mutual; 1 of its 3 listed competitors has raised funding.
Company details
Tower Fund Services was established in 2013 in Oceanport, United States, as a diversified asset management firm. Operations focus on managing assets across multiple sectors, with services including fund administration and investment oversight. Co-founders Vincent Sarullo and Kinjal Amin lead the organization, supported by regulatory identifiers. Activities are centered in the financial services industry, serving institutional and private investors from the U.S. base.
- Headquarters Oceanport, United States
- Founders Vincent Sarullo, Kinjal Amin
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website towerfundservices.com
- Social LinkedIn X Facebook
- Acquired by STP (Nov 2021)
- Legal Name Tower Fund Services India Private Limited
- Date of Incorporation 01 Aug, 2014
- Jurisdiction Vadodara, Gujarat, India
- Indian entity revenue₹19.4 Lakh
FY 2017
- Indian entity net profit₹1.6 Lakh
FY 2017 · 8% margin
- Indian entity EBITDA₹6.6 Lakh
FY 2017 · 34% margin
- Investors
- Acquired bySTP
(Nov 2021)
Associated legal entities of Tower Fund Services
Tower Fund Services operates through Tower Fund Services India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tower Fund Services India Private Limited CIN U74140GJ2014PTC080326 | Active | 01 Aug 2014 | Vadodara, Gujarat | ₹0.2 Cr | 3 | View details |
Investors in Tower Fund Services
Tower Fund Services has secured backing from 1 investor. Prominent investors backing the company include STP Investment Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Web-based solutions for capital market investments are offered. | 2008 | stpis.com | West Chester, United States |
Investor details for Tower Fund Services
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Board of directors of Tower Fund Services India Private Limited (Tower Fund Services)
Tower Fund Services India Private Limited is the primary company behind Tower Fund Services. The board of Tower Fund Services India Private Limited currently have 3 directors; the longest-serving is Vincent Benjamin Sarullo, appointed in 2014. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vincent Benjamin Sarullo DIN 06857598 | Director | 01 Aug 2014 | 12 yrs 3 mo | Tower Fund Services India Private Limited |
| Kinjal Amin DIN 06855985 | Director | 01 Aug 2014 | 12 yrs 3 mo | Tower Fund Services India Private Limited |
| Nitesh Rajendrabhai Chauhan DIN 07842599 | Whole-time director | 09 Jun 2017 | 9 yrs 5 mo | Tower Fund Services India Private Limited |
People of Tower Fund Services
2 people are tracked at Tower Fund Services (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Tower Fund Services
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Financials of Tower Fund Services
Figures of Tower Fund Services India Private Limited, the primary company behind Tower Fund Services, for FY 2017. Revenue was ₹19.4 Lakh. Net profit was ₹1.6 Lakh (8% margin). EBITDA was ₹6.6 Lakh (34% margin).
- ₹19.4 LakhRevenue · FY 2017
- ₹1.6 LakhNet profit · 8% margin
- ₹6.6 LakhEBITDA · 34% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Tower Fund Services India Private Limited are on its company page.
Detailed financial statements for Tower Fund Services
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Timeline of Tower Fund Services
2 dated milestones of Tower Fund Services across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Tower Fund Services is founded.
- Exit Acquired by STP.
Competitors of Tower Fund Services
Tower Fund Services has 3 listed competitors in our database, 1 of them funded. They include Fidelity Investments, Morgan Stanley and Northwestern Mutual.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| fidelity.com | 1946 | Boston, United States | $517.99M | 24,000 | Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | |
| morganstanley.com | 1935 | New York, United States | 49 | Wealth management, investment advisory, and financial services are provided. | ||
| northwesternmutual.com | 1857 | Milwaukee, United States | 6,661 | Northwestern Mutual is engaged in financial planning and insurance services. |
Detailed competitors of Tower Fund Services
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Top companies in Asset Management
3 companies that operate in the same segment as Tower Fund Services (Asset Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | 1946 | Boston, Massachusetts, United States | USD 517.99 M | |||
Investment banking services are delivered across multiple financial sectors. | 1869 | New York, New York, United States | USD 126.21 B | 46,500 | ||
Mutual life insurance company | 1851 | Springfield, United States | 10,466 |
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Related news about Tower Fund Services
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Frequently Asked Questions about Tower Fund Services
Tower Fund Services was founded in 2013.
Tower Fund Services is headquartered in Oceanport, United States. It is registered at Oceanport, New Jersey, United States.
The primary company behind Tower Fund Services, Tower Fund Services India Private Limited, reported revenue of ₹19.4 Lakh for FY 2017.
Tower Fund Services was established in 2013 in Oceanport, United States, as a diversified asset management firm. Operations focus on managing assets across multiple sectors, with services including fund administration and investment oversight. Co-founders Vincent Sarullo and Kinjal Amin lead the organization, supported by regulatory identifiers. Activities are centered in the financial services industry, serving institutional and private investors from the U.S. base.
Tower Fund Services's top competitors include Fidelity Investments, Northwestern Mutual and Morgan Stanley.
Tower Fund Services has 1 investor. Key investors include STP Investment Services.
Tower Fund Services operates through Tower Fund Services India Private Limited.
Yes. Tower Fund Services was acquired by STP in November 2021.
The legal entities of Tower Fund Services currently have 3 directors, including Nitesh Rajendrabhai Chauhan, Vincent Benjamin Sarullo, Kinjal Amin.