Mumbai-based Ionic Wealth, a wealth-tech platform and a wholly-owned subsidiary of Angel One Ltd, crossed $1 billion in assets under management (AUM) on Thursday — a milestone reached in just 22 months since operations began.
The company recorded an average quarterly AUM growth of approximately 30 per cent during the first nine months of FY26. Ionic Wealth attributes this growth to an omnichannel model that combines relationship management with a proprietary digital platform built entirely in-house.
The platform’s technology stack includes consent-led account aggregation capable of analysing up to two decades of transaction data, portfolio- and instrument-level XIRR benchmarking, and a virtual assistant called Ionic Agent. The AI tool is trained on the team’s investing experience and offers clients personalised financial planning, weekly portfolio summaries, and product-level insights.
Co-founder Shobhit Mathur said the company’s approach deliberately separates AI-driven automation from human advisory, with technology handling scale and experts managing strategy and allocation.
Ionic Wealth currently serves over 1,600 clients across 10 cities and employs more than 215 people. The firm was co-founded in 2024 by Srikanth Subramanian, Shobhit Mathur, and Dharmendra Jain.
The broader wealth management industry in India is projected to see a $1.6 trillion AUM growth opportunity between FY24 and FY29, according to a Deloitte report cited by the company.
Published on March 5, 2026