DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

The names on this page are hidden. Create a free account and they fill in. No card, and every figure, date and source on this page is public either way.

SEC-registered adviser

S•• F•••• M••••••••• L••••••

Institutional managerMumbai, CRD 142968SEC 801-67514websiteIAPD
Latest filing Jun 27, 2026
First filing on the tape Jun 8, 2012 · 17 filings
SEC status approved since Apr 9, 2007
RAUM
$220B
reported, Item 5.F
Discretionary
98%
of RAUM
Private clients
0.1%
$151M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
2,463
71 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
17 filings and snapshots on the tape
RAUM$220B as of Jun 27, 2026
Jun 8, 2012$2.1B then
HNW client RAUM$151M as of Jun 27, 2026
Jun 29, 2018$10.9M then
State-registered IARs (5.B.3)0 as of Jun 27, 2026
Jul 5, 20130 then
Employees (5.A)2,463 as of Jun 27, 2026
Jul 5, 2013508 then
Private funds: no history
RAUM +56% over the last fiscal year+29% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 27, 2026; every figure names its basis
Archetypes, each a printed rule
  • b••• affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$78,848derivedHNW RAUM over HNW clients
Average account
$110MderivedRAUM over accounts (5.F.2.f)
Discretionary
98%derivedof RAUM
Institutional
78%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+11%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed fees, performance-basedreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$133B60%
  • Pooled investment vehicles$46B21%
  • Pension and profit-sharing plans$38B17%
  • Banks and thrifts$2.7B1.2%
  • Corporations and businesses$163M0.1%
  • High-net-worth individuals$151M0.1%
Individual clients
n/areported
HNW clients
1,916reported
Pension plan clients
23reported
Charitable clients
n/areported
Accounts
1,993reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.0 fund_share=0.21 institutional_share=0.78 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • D••••• V••••• · Chief Compliance Officer & Company Secretarycontrol
        since 01/2009 · owns less than 5%
      • D• C••••••••• D•••• · Deputy Chief Executive Officercontrol
        since 03/2020 · owns less than 5%
      • R••••••••• R••••• · Chief Investment Officer - Fixed Incomecontrol
        since 02/2021 · owns less than 5%
      • R••• I•••• S••••••••• · Chief Investment Officer - Equitycontrol
        since 02/2021 · owns less than 5%
      • S••••• D•••••••• P•• · Deputy Managing Director And Joint Ceocontrol
        since 11/2012 · owns less than 5%
      • S••••• S••••••• · Managing Director And Ceocontrol
        since 12/2022 · owns less than 5%
      • S••••••••• G•••••• · Chief Operating Officercontrol
        since 06/2020 · owns less than 5%
      • S••••••••• S•••••••• J••• R••••••• · Chief Of Strategy, Digital And Technologycontrol
        since 11/2012 · owns less than 5%
      Entity owners
      • A••••• I•••• H•••••• · Beneficial Owner
        direct · owns 25% to 50%
      • S•••• B••• O• I•••• · Beneficial Owner
        direct · owns 50% to 75%
      • A••••• · Shareholder
        indirect · owns 75% or more of A••••• A•••• M•••••••••
      • A••••• A•••• M••••••••• · Shareholder
        indirect · owns 75% or more of A••••• I•••• H••••••
      • C••••• A••••••• S• · Shareholder
        indirect · owns 50% to 75% of A•••••
      • G••••••••• O• I•••• · Indirect Owner
        indirect · owns 50% to 75% of S•••• B••• O• I••••
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list S•• F•••• M••••••••• L•••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 1,907 to 1,993
        Jun 27, 2025 to Jun 27, 2026
      • Advisory employees · 68 to 71
        Jun 27, 2025 to Jun 27, 2026
      • Corporate clients · 43 to 40
        Jun 27, 2025 to Jun 27, 2026
      • HNW clients · 1,817 to 1,916
        Jun 27, 2025 to Jun 27, 2026
      • Pooled vehicle clients · 1 to 2
        Jun 27, 2025 to Jun 27, 2026
      • Employees · 2,229 to 2,463
        Jun 27, 2025 to Jun 27, 2026
      • Discretionary RAUM · $168B to $215B
        Jun 27, 2025 to Jun 27, 2026
      • HNW RAUM · $138M to $151M
        Jun 27, 2025 to Jun 27, 2026
      • Non-discretionary RAUM · $6.8B to $4.7B
        Jun 27, 2025 to Jun 27, 2026
      • Pension RAUM · $32B to $38B
        Jun 27, 2025 to Jun 27, 2026
      • Pooled vehicle RAUM · $32.8M to $46B
        Jun 27, 2025 to Jun 27, 2026
      • RAUM · $175B to $220B
        Jun 27, 2025 to Jun 27, 2026
      • Accounts · 1,531 to 1,907
        Jun 28, 2024 to Jun 27, 2025
      • Advisory employees · 72 to 68
        Jun 28, 2024 to Jun 27, 2025
      • Corporate clients · 67 to 43
        Jun 28, 2024 to Jun 27, 2025
      • HNW clients · 1,424 to 1,817
        Jun 28, 2024 to Jun 27, 2025
      • Pension plan clients · 22 to 23
        Jun 28, 2024 to Jun 27, 2025
      • Employees · 2,035 to 2,229
        Jun 28, 2024 to Jun 27, 2025
      • Financial planning clients · 0 to 0
        Jun 28, 2024 to Jun 27, 2025
      • HQ state · unset to
        Jun 28, 2024 to Jun 27, 2025
      • Discretionary RAUM · $144B to $168B
        Jun 28, 2024 to Jun 27, 2025
      • HNW RAUM · $136M to $138M
        Jun 28, 2024 to Jun 27, 2025
      • Non-discretionary RAUM · $13B to $6.8B
        Jun 28, 2024 to Jun 27, 2025
      • Pension RAUM · $34B to $32B
        Jun 28, 2024 to Jun 27, 2025
      • Pooled vehicle RAUM · $31.3M to $32.8M
        Jun 28, 2024 to Jun 27, 2025
      • RAUM · $157B to $175B
        Jun 28, 2024 to Jun 27, 2025
      • Accounts · 805 to 1,531
        Jun 22, 2023 to Jun 28, 2024
      • Advisory employees · 75 to 72
        Jun 22, 2023 to Jun 28, 2024
      • Corporate clients · 25 to 67
        Jun 22, 2023 to Jun 28, 2024
      • HNW clients · 738 to 1,424
        Jun 22, 2023 to Jun 28, 2024
      • Pension plan clients · 18 to 22
        Jun 22, 2023 to Jun 28, 2024
      • Employees · 1,968 to 2,035
        Jun 22, 2023 to Jun 28, 2024
      • Discretionary RAUM · $132B to $144B
        Jun 22, 2023 to Jun 28, 2024
      • HNW RAUM · $57.7M to $136M
        Jun 22, 2023 to Jun 28, 2024
      • Non-discretionary RAUM · $8.3B to $13B
        Jun 22, 2023 to Jun 28, 2024
      • Pension RAUM · $29B to $34B
        Jun 22, 2023 to Jun 28, 2024
      • Pooled vehicle RAUM · $31.2M to $31.3M
        Jun 22, 2023 to Jun 28, 2024
      • RAUM · $141B to $157B
        Jun 22, 2023 to Jun 28, 2024
      • Accounts · 491 to 805
        Jun 28, 2022 to Jun 22, 2023
      • Advisory employees · 69 to 75
        Jun 28, 2022 to Jun 22, 2023
      Signals
      12 dated events
      • S•• F•••• M••••••••• L•••••• reported RAUM $219.9B, up 26% from $174.9B (2025-06-27 to 2026-06-27)
        Jun 27, 2026 · RAUM change · derived
      • Muralidhar Vinay Tonse (Managing Director & Ceo) no longer on Schedule A of S•• F•••• M••••••••• L•••••• (listed 2022-06-28, absent 2023-06-22)
        Jun 22, 2023 · Control person left · inference
      • Shamsher Singh (Managing Director And Ceo) appeared on Schedule A of S•• F•••• M••••••••• L••••••
        Jun 22, 2023 · Control person joined · fact
      • Muralidhar Vinay Tonse (Managing Director & Ceo) appeared on Schedule A of S•• F•••• M••••••••• L••••••
        Jun 29, 2021 · Control person joined · fact
      • Srinivasan Rama Iyer (Chief Investment Officer - Equity) appeared on Schedule A of S•• F•••• M••••••••• L••••••
        Jun 29, 2021 · Control person joined · fact
      • Rajeev Radhakrishnan (Chief Investment Officer - Fixed Income) appeared on Schedule A of S•• F•••• M••••••••• L••••••
        Jun 29, 2021 · Control person joined · fact
      • Navneet Munot (Chief Investment Officer) no longer on Schedule A of S•• F•••• M••••••••• L•••••• (listed 2020-06-29, absent 2021-06-29)
        Jun 29, 2021 · Control person left · inference
      • Ashwani Bhatia (Managing Director & Ceo) no longer on Schedule A of S•• F•••• M••••••••• L•••••• (listed 2020-06-29, absent 2021-06-29)
        Jun 29, 2021 · Control person left · inference
      • S•• F•••• M••••••••• L•••••• reported RAUM $93.5B, up 1455% from $6.0B (2019-06-28 to 2020-06-29)
        Jun 29, 2020 · RAUM change · derived
      • Anuradha Rao (Managing Director & Ceo) no longer on Schedule A of S•• F•••• M••••••••• L•••••• (listed 2018-06-29, absent 2019-06-28)
        Jun 28, 2019 · Control person left · inference
      • Ashwani Bhatia (Managing Director & Ceo) appeared on Schedule A of S•• F•••• M••••••••• L••••••
        Jun 28, 2019 · Control person joined · fact
      • S•• F•••• M••••••••• L•••••• reported RAUM $5.4B, up 1084% from $458.4M (2017-06-28 to 2018-06-29)
        Jun 29, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Website
      H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      9122-6179-3000reportedpublic record, Form ADV, Jun 27, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026