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.

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Former SEC-registered adviser

B•••••• A•• L••••••

Former SEC-registered adviserMumbai, CRD 170336SEC 801-79981websiteIAPD
Latest filing Jun 27, 2025
First filing on the tape Jun 20, 2014 · 16 filings
SEC status approved since Jul 29, 2014
RAUM
$21B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$2.6M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
672
42 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
16 filings and snapshots on the tape
RAUM$21B as of Jun 27, 2025
Jun 25, 2015$8.1B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Jun 27, 2025
Jun 25, 20150 then
Employees (5.A)672 as of Jun 27, 2025
Jun 25, 2015165 then
Private funds: no history
RAUM +50% over the last fiscal year+5.7% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 27, 2025; every figure names its basis
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
unknownderivedHNW RAUM over HNW clients
Average account
$644MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%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
+26%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
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$21B100%
  • Individuals$2.6M0.0%
  • Corporations and businesses$1.1M0.0%
Individual clients
28reported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
32reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixed, performancereported
Class basis
absent from the latest SEC rosterderived
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
      • A•••• K••••• S•••• · Associate Directorcontrol
        since 01/2023 · owns less than 5%
      • D•••• N•••••• · Independent Directorcontrol
        since 05/2023 · owns less than 5%
      • K••••• A•••• · Associate Directorcontrol
        since 02/2024 · owns less than 5%
      • K•••••• V••••••••• · Head - Legal & Compliance, Chief Compliance Officercontrol
        since 01/2024 · owns less than 5%
      • M•••••• N•••• · Independent Directorcontrol
        since 01/2023 · owns less than 5%
      • R••••••••• S• · Independent Directorcontrol
        since 12/2023 · owns less than 5%
      • S••• A•••• · Associate Directorcontrol
        since 01/2023 · owns less than 5%
      • S••• B•••••• · Independent Directorcontrol
        since 01/2023 · owns less than 5%
      • S••••••• A•••• · Associate Directorcontrol
        since 01/2023 · owns less than 5%
      • M•••••• R••••••• · Shareholder
        since 01/2023 · owns less than 5%
      Entity owners
      • B•••••• F•••••••• H••••••• L•••••• A•• I•• N••••••• · Shareholder
        direct · owns 50% to 75%
      • B•••••• F•••••••• S••••••• L•••••• · Shareholder
        indirect · owns 75% or more of B•••••• F•••••••• H••••••• L•••••• A•• I•• N•••••••
      • D••••• I••••••••• H•••••• B••• · Shareholder
        direct · owns less than 5%
      • L•••• I••••••••• P••• L••• · Shareholder
        direct · owns 10% to 25%
      • M•• I••••••• P••••••• · Shareholder
        direct · owns less than 5%
      • T•••••••• I••••••••• L•••••• · Shareholder
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      No related person reported.
      Advisers that list B•••••• A•• L•••••• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 48 to 32
        Jun 25, 2024 to Jun 27, 2025
      • Advisory employees · 30 to 42
        Jun 25, 2024 to Jun 27, 2025
      • Corporate clients · 5 to 3
        Jun 25, 2024 to Jun 27, 2025
      • Individual clients · 42 to 28
        Jun 25, 2024 to Jun 27, 2025
      • Employees · 513 to 672
        Jun 25, 2024 to Jun 27, 2025
      • Financial planning clients · 0 to 0
        Jun 25, 2024 to Jun 27, 2025
      • HQ state · unset to
        Jun 25, 2024 to Jun 27, 2025
      • Discretionary RAUM · $17B to $21B
        Jun 25, 2024 to Jun 27, 2025
      • Individual RAUM · $3.3M to $2.6M
        Jun 25, 2024 to Jun 27, 2025
      • Pooled vehicle RAUM · $17B to $21B
        Jun 25, 2024 to Jun 27, 2025
      • RAUM · $17B to $21B
        Jun 25, 2024 to Jun 27, 2025
      • Accounts · 77 to 48
        May 17, 2023 to Jun 25, 2024
      • Advisory employees · 26 to 30
        May 17, 2023 to Jun 25, 2024
      • Business name · I••• A•••• M••••••••• C•••••• L•••••• to B•••••• A•• L••••••
        May 17, 2023 to Jun 25, 2024
      • Individual clients · 71 to 42
        May 17, 2023 to Jun 25, 2024
      • Employees · 348 to 513
        May 17, 2023 to Jun 25, 2024
      • Legal name · I••• A•••• M••••••••• C•••••• L•••••• to B•••••• A•• L••••••
        May 17, 2023 to Jun 25, 2024
      • Discretionary RAUM · $14B to $17B
        May 17, 2023 to Jun 25, 2024
      • Individual RAUM · $5.0M to $3.3M
        May 17, 2023 to Jun 25, 2024
      • Pooled vehicle RAUM · $14B to $17B
        May 17, 2023 to Jun 25, 2024
      • RAUM · $14B to $17B
        May 17, 2023 to Jun 25, 2024
      • Accounts · 110 to 77
        Mar 2, 2023 to May 17, 2023
      • Advisory employees · 24 to 26
        Mar 2, 2023 to May 17, 2023
      • Corporate clients · 6 to 5
        Mar 2, 2023 to May 17, 2023
      • Individual clients · 102 to 71
        Mar 2, 2023 to May 17, 2023
      • Pooled vehicle clients · 2 to 1
        Mar 2, 2023 to May 17, 2023
      • Employees · 354 to 348
        Mar 2, 2023 to May 17, 2023
      • Discretionary RAUM · $15B to $14B
        Mar 2, 2023 to May 17, 2023
      • Individual RAUM · $7.3M to $5.0M
        Mar 2, 2023 to May 17, 2023
      • Pooled vehicle RAUM · $15B to $14B
        Mar 2, 2023 to May 17, 2023
      • RAUM · $15B to $14B
        Mar 2, 2023 to May 17, 2023
      • Advisory employees · 26 to 24
        Jun 30, 2022 to Mar 2, 2023
      • Employees · 323 to 354
        Jun 30, 2022 to Mar 2, 2023
      • Accounts · 135 to 110
        Jun 29, 2021 to Jun 30, 2022
      • Advisory employees · 24 to 26
        Jun 29, 2021 to Jun 30, 2022
      • Corporate clients · 5 to 6
        Jun 29, 2021 to Jun 30, 2022
      • Individual clients · 128 to 102
        Jun 29, 2021 to Jun 30, 2022
      • Employees · 315 to 323
        Jun 29, 2021 to Jun 30, 2022
      • Financial planning clients · unset to 0
        Jun 29, 2021 to Jun 30, 2022
      • Discretionary RAUM · $17B to $15B
        Jun 29, 2021 to Jun 30, 2022
      Signals
      37 dated events
      • B•••••• A•• L•••••• no longer on the SEC adviser roster (last listed 2026-06-01, RAUM $20.6B)
        Jul 1, 2026 · Left the SEC roster · derived
      • Sanjay Lakra (Head - Legal & Compliance, Chief Compliance Office) no longer on Schedule A of B•••••• A•• L•••••• (listed 2023-05-17, absent 2024-06-25)
        Jun 25, 2024 · Control person left · inference
      • Laxmikant Sunil Aryamane (Associate Director - Customer Service) no longer on Schedule A of B•••••• A•• L•••••• (listed 2023-05-17, absent 2024-06-25)
        Jun 25, 2024 · Control person left · inference
      • P••••• S••• (Associate Director) no longer on Schedule A of B•••••• A•• L•••••• (listed 2023-05-17, absent 2024-06-25)
        Jun 25, 2024 · Control person left · inference
      • G••••••••• M••••••••• (Independent Director) no longer on Schedule A of B•••••• A•• L•••••• (listed 2023-05-17, absent 2024-06-25)
        Jun 25, 2024 · Control person left · inference
      • S. R•••••••• (Independent Director) appeared on Schedule A of B•••••• A•• L••••••
        Jun 25, 2024 · Control person joined · fact
      • V••••••••• K••••• (Head - Legal & Compliance, Chief Compliance Officer) appeared on Schedule A of B•••••• A•• L••••••
        Jun 25, 2024 · Control person joined · fact
      • B•••••• A•• L•••••• reported RAUM $17.4B, up 26% from $13.8B (2023-05-17 to 2024-06-25)
        Jun 25, 2024 · RAUM change · derived
      • A•••• K•••• (Associate Director) appeared on Schedule A of B•••••• A•• L••••••
        Jun 25, 2024 · Control person joined · fact
      • N•••••• D••• (Independent Director) appeared on Schedule A of B•••••• A•• L••••••
        May 17, 2023 · Control person joined · fact
      • P••••• S••• (Associate Director) appeared on Schedule A of B•••••• A•• L••••••
        Mar 2, 2023 · Control person joined · fact
      • A•••• S•••••• (Associate Director) appeared on Schedule A of B•••••• A•• L••••••
        Mar 2, 2023 · Control person joined · fact
      • B•••••• Sen (Independent Director) appeared on Schedule A of B•••••• A•• L••••••
        Mar 2, 2023 · Control person joined · fact
      • G••••••••• M••••••••• (Independent Director) appeared on Schedule A of B•••••• A•• L••••••
        Mar 2, 2023 · Control person joined · fact
      • Piyush Anchliya (Chief Financial Officer) no longer on Schedule A of B•••••• A•• L•••••• (listed 2022-06-30, absent 2023-03-02)
        Mar 2, 2023 · Control person left · inference
      • Veena Mankar (Director) no longer on Schedule A of B•••••• A•• L•••••• (listed 2022-06-30, absent 2023-03-02)
        Mar 2, 2023 · Control person left · inference
      • N•••• M••••• (Independent Director) appeared on Schedule A of B•••••• A•• L••••••
        Mar 2, 2023 · Control person joined · fact
      • S•••• K•••• A••• (Associate Director) appeared on Schedule A of B•••••• A•• L••••••
        Mar 2, 2023 · Control person joined · fact
      • A•••• Sen (Associate Director) appeared on Schedule A of B•••••• A•• L••••••
        Mar 2, 2023 · Control person joined · fact
      • Ritu Anand (Director) no longer on Schedule A of B•••••• A•• L•••••• (listed 2022-06-30, absent 2023-03-02)
        Mar 2, 2023 · Control person left · inference
      • S••••• C•••• V••••• K••••• (Chief Executive Officer) no longer on Schedule A of B•••••• A•• L•••••• (listed 2022-06-30, absent 2023-03-02)
        Mar 2, 2023 · Control person left · inference
      • A•••• B••••• (Director) no longer on Schedule A of B•••••• A•• L•••••• (listed 2022-06-30, absent 2023-03-02)
        Mar 2, 2023 · Control person left · inference
      • Anand Krishna (Director) no longer on Schedule A of B•••••• A•• L•••••• (listed 2022-06-30, absent 2023-03-02)
        Mar 2, 2023 · Control person left · inference
      • Ritu Anand (Director) appeared on Schedule A of B•••••• A•• L••••••
        Jun 30, 2022 · Control person joined · fact
      • B•••••••• V•••• Rai (Director) no longer on Schedule A of B•••••• A•• L•••••• (listed 2021-06-29, absent 2022-06-30)
        Jun 30, 2022 · Control person left · inference
      • Anand Krishna (Director) appeared on Schedule A of B•••••• A•• L••••••
        Jun 30, 2022 · Control person joined · fact
      • Veena Mankar (Director) appeared on Schedule A of B•••••• A•• L••••••
        Jun 30, 2022 · Control person joined · fact
      • A•••• R••••••••• (Director) no longer on Schedule A of B•••••• A•• L•••••• (listed 2020-06-29, absent 2021-06-29)
        Jun 29, 2021 · Control person left · inference
      • B•••••• A•• L•••••• reported RAUM $17.4B, up 34% from $13.0B (2020-06-29 to 2021-06-29)
        Jun 29, 2021 · RAUM change · derived
      • Harishchandra Rupesh Acharya (Chief Financial Officer) no longer on Schedule A of B•••••• A•• L•••••• (listed 2019-06-28, absent 2020-06-29)
        Jun 29, 2020 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      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
      Former SEC-registered adviserderiveda 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