The Company was incorporated at Mumbai on March 22, 1995 as Hitkari Finvest Private Limited, a private limited company under the Companies Act, 1956.
Major events and milestones :
2002
- ARFSL received the certificate of registration from the Association of Mutual Funds in India with respect to its mutual fund distribution business.
2008
- The Company entered into contractual arrangement with ARFSL to use their premises to commence overseas operations in Dubai; and expanded wealth operations in India by setting up office in Delhi.
2015
- AuM of wealth management business of ARFSL crossed Rs. 50,000 million.
2017
- The Subsidiary, AR Wealth Management Private Limited, acquired Freedom Wealth Solutions Private Limited (involved in investment advisory business) and Ffreedom Intermediary Infrastructure Private Limited.
- The Company acquired the mutual fund distribution business of ARAL which ARAL had acquired from ARFSL.
- The Company acquired the private wealth management business from Religare Wealth Management Limited.
2018
- The Company expanded wealth operations in eastern India by setting up office in Kolkata.
- AuM of the Company crossed Rs. 150,000 million.
2019
- AuM of the Company crossed Rs. 200,000 million.
2021
- AuM of the Company crossed Rs. 250,000 million.
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