Anand Rathi Wealth faces share pledges and board reshuffle in March
Anand Rathi Wealth has seen two major developments in March. A founding group company pledged a significant block of shares, while three long-serving supervisory board members stepped down after completing their terms. The changes come as the firm manages assets worth over ₹99,008 crore.
On March 11, Aqua Proof Wall Plast Private Limited, part of the founding group, pledged 100,000 shares in Anand Rathi Wealth. These shares represent roughly 0.12% of the company's total capital and were valued at around €7.72 million. The move brought the total encumbered shares held by the firm to 124,500, or 0.15% of the capital. The shares serve as collateral for margin trading limits with Bajaj Financial Securities.
Separately, three supervisory board members—Kishan Gopal Somani, Ramesh Chandak, and Sudha Pravin Navandar—left their positions on March 14. Their departure followed the completion of a second five-year term. The company confirmed that the exit was due to mandate expiration, not disputes or resignations. Anand Rathi Wealth continues to focus on expanding its service offerings to support further growth. As of late 2025, the firm's assets under management exceeded ₹99,008 crore.
The share pledge and board changes mark a period of transition for Anand Rathi Wealth. The company retains a strong asset base and remains focused on broadening its services. No further details have been released regarding Aqua Proof Wall Plast's influence within the group over the past five years.
