IndusInd International Holdings and Invesco have Completed the Foundation of an Asset Management Joint Venture in India

News Desk, News Nation 360 : IndusInd International Holdings Limited, the promoter of IndusInd Bank, and Invesco Ltd. announced that they have completed the formation of their asset management joint venture following IIHL's acquisition of a 60% stake in Invesco Asset Management India, subject to all regulatory approvals and closing conditions. With Invesco retaining the remaining 40% interest, IIHL and Invesco will have joint sponsor status under the regulatory framework. As of September 2025, IAMI is India's 16th largest domestic asset manager, with combined onshore and offshore (via advising) average assets under management of INR 148,358 crores for the quarter ending September 2025, with a presence in 40 locations nationwide. Both partners bring their respective strengths to the venture, with Invesco providing its global investment management expertise and product portfolio, and IIHL supporting a robust distribution network with over 11,000 touchpoints across India and a 45 million customer base via its promoted entity and subsidiaries. IIHL will also use the reach of various associate businesses of its global shareholders, who offer synergistic business operations, to expand its client base by another 50 million. Speaking on the announcement, Ashok Hinduja, Chairman, IIHL, stated that they are really excited about this joint venture with Invesco, which will expand their para banking business by integrating Asset Management and position them as a worldwide financial (BFSI) powerhouse by 2030. This is the best time to invest in India, thanks to rising income levels and favourable demographics, which provide great opportunities for all Indians, including the diaspora. They will make every effort to reach the last home, the last investor, transparently and efficiently, and to meet investors' expectations that mutual funds are available.

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