About Wai
Wai is a Financial Services company based in Chennai (India) founded in 2004 by Pramod Kumar and Mahadevan Veeramony, and was acquired by 360 One in October 2018. Wealth management firm. The company has 51 employees. Its chief executive, as recorded, is Pramod Kumar. Its Indian entity Iifl Wealth Advisors (India) Limited reported revenue of ₹30.78 Cr. Its focus areas include Asset Management and Diversified. Its competitors include UTI Mutual Fund, 360 One and Avendus; 2 of its 3 listed competitors have raised funding.
Company details
Wealth Advisors was established in 2004 in Chennai, India, as a firm specializing in the financial sector. Operations center on wealth management, with services encompassing investment advisory, portfolio oversight, and financial planning for individuals and institutions. The company is co-led by Pramod Kumar as CEO and Mahadevan Veeramony as director, maintaining a focus on domestic markets through its domain wai.in.
- Headquarters Chennai, India
- Employees 51
- Founders Pramod Kumar, Mahadevan Veeramony
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website wai.in
- Social LinkedIn X Facebook
- Acquired by 360 One (Oct 2018)
- Legal Name Iifl Wealth Advisors (India) Limited
- Date of Incorporation 20 May, 2004
- Jurisdiction T.Nagar, .Chennai 600017, Tamil Nadu, India
Associated legal entities of Wai
Wai operates through Iifl Wealth Advisors (India) Limited (amalgamated). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2018) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iifl Wealth Advisors (India) Limited CIN U74140TN2004PLC053285 | Amalgamated | 20 May 2004 | Chennai, Tamil Nadu | ₹30.8 Cr | 51 | 4 | View details |
Investors in Wai
Wai has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include 360 One.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Asset and wealth management software is provided for businesses. | 2008 | 360.one | Mumbai, India |
Investor details for Wai
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Iifl Wealth Advisors (India) Limited (Wai)
Iifl Wealth Advisors (India) Limited is the primary company behind Wai. The board of Iifl Wealth Advisors (India) Limited currently have 3 directors; the longest-serving is Anandakumaran Nair Pramod Kumar, appointed in 2004. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anandakumaran Nair Pramod Kumar DIN 00820684 | Director | 20 Aug 2004 | 22 yrs 2 mo | Iifl Wealth Advisors (India) Limited |
| Yatin Shah DIN 03231090 | Director | 22 Nov 2018 | 7 yrs 11 mo | Iifl Wealth Advisors (India) Limited |
| Sandeep Mohan Jethwani DIN 07984864 | Director | 22 Nov 2018 | 7 yrs 11 mo | Iifl Wealth Advisors (India) Limited |
People of Wai
2 people are tracked at Wai (2 in leadership); the tracked headcount is 51.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership | |
| Co-Founder & Director | Leadership |
Complete people profiles for Wai
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Wai
Figures of Iifl Wealth Advisors (India) Limited, the primary company behind Wai, for FY 2018. Revenue was ₹30.78 Cr (+32% year on year). Net profit was ₹6.31 Cr (20% margin). EBITDA was ₹9.29 Cr (30% margin).
- ₹30.78 CrRevenue · FY 2018 · +32% YoY
- ₹6.31 CrNet profit · 20% margin
- ₹9.29 CrEBITDA · 30% margin
- ₹5.34 CrPaid-up capital
- 51Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Iifl Wealth Advisors (India) Limited are on its company page.
Detailed financial statements for Wai
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Wai
2 dated milestones of Wai across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Wai is founded.
- Exit Acquired by 360 One.
Competitors of Wai
Wai has 3 listed competitors in our database, 2 of them funded. They include UTI Mutual Fund, 360 One and Avendus.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| utimf.com | 2001 | Mumbai, India | $142.4M | 1,468 | Mutual funds, portfolio management, and retirement planning services are offered. | |
| 360.one | 2008 | Mumbai, India | 65 | Asset and wealth management software is provided for businesses. | ||
| avendus.com | 1999 | Mumbai, India | $178.11M | 215 | Corporate advisory and investment services are provided to clients. |
Detailed competitors of Wai
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Wai
Websites that share an audience with Wai (wai.in).
Websites whose visitors overlap most with Wai. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
faa.moneycontrol.com | faa.moneycontrol.com | 100% | – | ||
| askfinancials.com | 100% | 14.4K | #1,433,900 | View details | |
| avendus.com | 100% | 76.6K | #597,964 | View details | |
cwealthadvisors.com.my | cwealthadvisors.com.my | 64% | – |
Top companies in Asset Management
3 companies that operate in the same segment as Wai (Asset Management) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | ||||
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Online platform for stock trading, mutual funds, and investment tools. | 1994 | Mumbai, Maharashtra, India |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Wai
Complete news archive for Wai
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Wai
Wai was founded in 2004.
Wai is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Pramod Kumar is the CEO of Wai, as recorded in our data. They have also founded this company.
Wai has 51 employees.
The primary company behind Wai, Iifl Wealth Advisors (India) Limited, reported revenue of ₹30.78 Cr for FY 2018, up 32% year on year.
Wealth Advisors was established in 2004 in Chennai, India, as a firm specializing in the financial sector. Operations center on wealth management, with services encompassing investment advisory, portfolio oversight, and financial planning for individuals and institutions. The company is co-led by Pramod Kumar as CEO and Mahadevan Veeramony as director, maintaining a focus on domestic markets through its domain wai.in.
Wai's top competitors include UTI Mutual Fund, Avendus and 360 One.
Wai has 1 investor. Key investors include 360 One.
Wai operates through Iifl Wealth Advisors (India) Limited.
Yes. Wai was acquired by 360 One in October 2018.
The legal entities of Wai currently have 4 directors, including Yatin Shah, Anandakumaran Nair Pramod Kumar, Sumit Talreja and others.