Mumbai, 2nd November 2025: In a landmark move set to redefine India’s financial landscape, IndusInd International Holdings Limited (IIHL) — the promoter of IndusInd Bank — and global investment giant Invesco Ltd. have officially completed the formation of their strategic Asset Management Joint Venture (JV).Following regulatory approvals, IIHL has acquired a 60% stake in Invesco Asset Management India (IAMI), with Invesco retaining the remaining 40%. Both entities will now serve as joint sponsors, marking a new era of collaboration between two financial powerhouses.As of September 2025, Invesco Asset Management India stands as the 16th largest domestic asset manager in the country, managing INR 1.48 lakh crore in assets across 40 cities nationwide.
A Vision for India’s Financial Future
Expressing optimism about the partnership, Mr. Ashok Hinduja, Chairman, IIHL, said,
“We are extremely excited to join hands with Invesco. This collaboration will strengthen our para-banking portfolio and position us as a global BFSI powerhouse by 2030. With India’s growing income levels and vast investment potential, we aim to reach every household and investor with transparency and trust.”
Mr. Andrew Lo, CEO – Asia Pacific, Invesco, added,
“Our India business has grown consistently over the past nine years. With IIHL’s local reach and Invesco’s global investment expertise, this partnership will unlock new opportunities for expansion and innovation.”
Mr. Saurabh Nanavati, CEO, Invesco Asset Management (India), said,
Building Scale and Reach
Through this partnership, Invesco brings world-class investment management capabilities, while IIHL contributes its extensive distribution network of 11,000+ touchpoints, serving over 45 million customers. Leveraging its associate entities, IIHL plans to expand its potential customer base by another 50 million, ensuring deeper market penetration.Importantly, IAMI will continue its focus on investment excellence and client service under the leadership of Saurabh Nanavati. The firm’s disciplined, research-driven philosophy will remain unchanged, ensuring stability and continuity for all stakeholders.
Advisors and Legacy
Motilal Oswal Investment Advisors acted as the exclusive financial advisor to IIHL, while Crawford Bayley and AZB & Partners served as legal advisors to IIHL and Invesco respectively.Founded in 1993, IIHL has evolved into a major global financial player with investments spanning banking, insurance, capital markets, and securities. Meanwhile, Invesco—a global leader with presence in over 20 countries—continues to deliver innovative investment solutions across asset classes.
This landmark partnership not only strengthens the Indian asset management industry but also signals a bold step toward financial inclusion, innovation, and long-term wealth creation.
🌐 For more information, visit: www.indusindinternational.com | www.invescomutualfund.com
