Equirus, a financial services firm, has announced a merger of its family office business with Credence Family Office in a ₹100 crore deal. This move will also facilitate an exit for TIW Private Equity from Credence Family Office, which had invested in the company six years ago. The newly merged entity will operate under the brand name Equirus-Credence Family Office.
The partnership will see Mitesh Shah, the founder and CEO of Credence Family Office, joining the leadership group of Equirus Group. This collaboration, backed by the Jhunjhunwala family, Federal Bank, and Amicus PE fund, aims to enhance expertise in catering to ultra-high-net-worth and family office segments.
Through this merger, Credence Family Office will leverage Equirus’ platform capabilities in investment banking, research, debt capital markets, and fund management. This consolidation will create a seamless ecosystem to provide clients with top-notch solutions. As a result, the total wealth assets under Equirus Group will increase to ₹18,000 crore.
Mitesh Shah expressed his excitement about the acquisition, stating, “This partnership with Equirus Wealth marks an exciting new chapter for Credence Family Office. By combining their scale and vision with our personalized approach, we can offer our clients even greater opportunities and support. For our team and our clients, this is not just an acquisition — it’s the beginning of something bigger and better.”
The deal is set to bring about significant growth and value for both firms and their clients.
