IndusInd International & Invesco JV Creates India’s 16th Largest Asset Manager with ₹1.48 Lakh Crore AUM

IndusInd International Holdings Limited (“IIHL”), the promoter of IndusInd Bank, and Invesco Ltd. (“Invesco”) announced today that they have completed the formation of their asset management joint venture (“JV”) following IIHL’s acquisition of a 60% ownership stake in Invesco Asset Management India (“IAMI”) following all regulatory approvals and closing conditions. With Invesco retaining the balance 40% stake, both IIHL and Invesco will hold joint sponsor status under the regulatory framework.

As of September 2025, IAMI is the 16th largest domestic asset manager in India with combined onshore and offshore (through advisory) average assets under management of INR 148,358 crores for the quarter ending September 2025 and a presence in 40 cities across the country.

Both partners contribute their respective strengths to the venture, with Invesco offering its global investment management expertise and product range, while IIHL will support, through its promoted entity and subsidiaries, a robust distribution network comprising over 11,000 touchpoints across India and serving a customer base of 45 million. IIHL will also deploy the reach of several associate entities of its global shareholders that offer synergistic business operations to widen the customer base by another 50 million.

There will be no change in IAMI’s focus on investment excellence and exceptional client service. The JV will continue to operate under the same management led by Saurabh Nanavati, with the same disciplined and research-driven investment philosophy and processes that have been central to its investment offerings since 2008, ensuring strong continuity for investors, distributors, and other stakeholders.

Mr. Ashok Hinduja, Chairman, IIHL, said, “At IIHL, we are very enthused with this JV with Invesco, to augment our para banking portfolio by including Asset Management, and be a global financial (BFSI) powerhouse by 2030. This is the most opportune time, when India, on the back of rising income levels, favourable demographics, offers enormous investment prospects to all Indians, the diaspora included. We will endeavour to reach the last home, last investor transparently and efficiently and live up to investors' expectation that mutual fund sahi hai. ”

Mr. Andrew Lo, Chief Executive Officer, Asia Pacific at Invesco, said: “Our India business has seen solid growth in the last nine years. We now look forward to the partnership with IIHL to further expand our distribution capability in the domestic market. As always, our focus will remain squarely on industry-leading investment offerings and service for our India clients with compelling global and domestic investment capabilities.”

Speaking on the announcement, Mr. Saurabh Nanavati, CEO, Invesco Asset Management (India) said: "We are pleased to announce the completion of this strategic transaction. This joint venture represents the coming together of Invesco’s global expertise in asset management and IIHL, facilitating its deep local market presence. Together, we aim to strengthen our reach and expand distribution, especially in Tier 2 and Tier 3 towns, thereby making quality investment solutions available to a wider set of investors across India. We also aim to increase our presence and offerings through GIFT City, SIFs, Passive Products and Digital channels.”

Motilal Oswal Investment Advisors acted as the exclusive financial advisor to IIHL. Crawford Bayley and AZB acted as legal advisors to IIHL & Invesco, respectively.

Founded in 1993 under the visionary leadership of the late Shri S.P. Hinduja and his three brothers, IIHL is an investment holding Company well-regulated by the Financial Services Commission, Mauritius, under a Global Business License and is governed by the Board of Directors. Its investment portfolio under various Regulatory jurisdictions comprises Banking Services (IndusInd Bank, IIHL Bank & Trust Limited- Bahamas), Capital Market Assets (Afrinex Exchange Limited, Mauritius, with a cumulative listing of $13.5bn of underlying securities). Recently, it acquired the Insurance Businesses (Life, Non-Life, and Health) along with the Securities business of Reliance Capital Ltd to augment its portfolio.

IAMI began operations in India in late 2008 with the acquisition of Lotus India Asset Management Company and has since grown to serve over 2.9. million retail investor folios and over 48,000 empanelled distributors, with over 70% of its AUM in equity and equity-oriented assets. Invesco also operates an enterprise centre in Hyderabad employing more than 1,700 staff across a range of global support functions, including information technology, investment operations, finance, compliance, and human resources.

About IndusInd International Holdings Limited (www.indusindinternational.com)

Originally versed in the banking sector, IndusInd has, over the years, invested in a wide range of financial services across several jurisdictions. With a USD 1.2 bn net asset value as of September 2025, IIHL is dedicated to value creation for its global shareholders by maintaining this dynamic growth through ongoing investment and acquisition of high-value assets. IIHL’s vision is to be a Global Financial Services Institution with a commitment to excellence in international orientation, innovation, speed, and strict compliance with the principles of good corporate governance.

About Invesco Asset Management (India) Private Limited

Invesco Asset Management (India) is one of the leading asset management companies in India. With over INR 148,358 crores of average assets under management for the quarter ending September 2025 across Mutual funds, PMS and Offshore Advisory, we serve the investment needs of individual investors, corporates and institutions through mutual funds and sub-advised portfolios. Our expertise extends across equity, fixed income and alternative asset classes, where we offer the complete range of funds designed to suit investment needs. IAMI’s aim is to provide top-class financial care, impeccable service and best-in-class investment products. For more details, visit: www.invescomutualfund.com

About Invesco Ltd.

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

HCLTech, IndusInd and Infosys Among World’s Most Ethical Companies 2024

HCLTech, IndusInd Bank Limited and Infosys are (in alphabetical order) among the 136 companies that have earned the coveted designation of the World’s Most Ethical Companies in 2024, by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. The honorees list of 2024 span 20 countries and 44 Industries.

In 2024, 15 companies on the list are being recognized for the first time. There are also 6 companies — Aflac, Ecolab, International Paper, Kao Corporation, Milliken & Company, and PepsiCo — that have been recognized 18 times, every year since the inception of the World’s Most Ethical Companies® in 2007.

The Top-3 companies are — A. O. Smith Corporation (U.S), Accenture (Ireland) and ADM (U.S). Among others, Capgemini, Dell Technologies, HP, IBM, Intel, Micron and Nokia are also in the list.

From India, this is first time for HCLTech and IndusInd Bank to be in this list, while software giant Infosys has made to this list four times, since 2007.

“Every day, businesses must earn and keep the trust of stakeholders, from employees and investors, to regulators, and others. By leading with business integrity—and investing in strong governance, an ethical culture, corporate citizenship, and compliance—organizations not only build trust, but also outperform,” said Erica Salmon Byrne, Chief Strategy Officer and Executive Chair, Ethisphere. “We congratulate this year’s honorees and commend their dedication to doing well by those they serve.”

The Ethics Premium: Integrity Outperforms

Ethisphere’s Five Year Ethics Premium for 2024 is 12.3% This represents the margin by which publicly traded companies recognized in this year’s World’s Most Ethical Companies outperformed a comparable index of global companies over a five-year period from January 2019 to January 2024.

“Ever since Ethisphere has tracked the equity performance of public honoree companies, the Ethics Premium has always shown that the programs and practices that lead an organization to be named one of the World’s Most Ethical Companies also help it excel financially,” Salmon Byrne added. “Strong ethics is good business. The Ethics Premium proves it.”

The full list of the 2024 World’s Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees/.

Methodology

The World’s Most Ethical Companies assessment is grounded in Ethisphere’s proprietary Ethics Quotient®, an extensive questionnaire that requires companies to provide over 240 different proof points on their culture of ethics; environmental, social, and governance (ESG) practices; ethics and compliance program; diversity, equity, & inclusion efforts; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by our panel of experts who spend thousands of hours vetting and evaluating each year’s group of applicants. This process serves as an operating framework to capture and codify truly best-in-class practices from organizations across industries and from around the world.

Each of the 2024 World’s Most Ethical Companies® applicants receives access to a Digital Analytical Scorecard experience. It provides an overview of how the applicant scored against the World’s Most Ethical Companies honorees in key categories and offers access to 15 key Ethics Quotient® data points, along with associated resources, in an interactive format powered by The Sphere—Ethisphere’s Ethics and Compliance benchmarking platform.

About Ethisphere

Ethisphere® is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust, and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). For further information, please visit https://ethisphere.com.

Tata Motors and IndusInd Bank Join Hands For Exclusive Offers on Passenger Vehicles

• EMI per month per lakh starting as low as INR. 834/- at an attractive rate of interest
• 60% low EMI options for the first 3-6 months as per the customer choice and financial requirements
• Up to 90% financing available
• Flexible tenor from 1 to 7 years depending on the product and variant
• Non income proof funding available
• Scheme available on New Forever range of passenger vehicles*

Bengaluru, July 9, 2021: In an effort to make its New Forever range of Tata Motors cars and UVs more accessible in these challenging times, Tata Motors, India’s leading automotive manufacturer, has rolled out exciting finance offers for its passenger vehicle customers in collaboration with IndusInd Bank. The company has been partnering with banks to provide lucrative offers for its customers. As part of this partnership with IndusInd Bank, the Company will provide the Step Up scheme where the customers can choose and buy from the safest range of passenger cars in the country, with a special low EMI option scheme for the first 3-6 months.

Under the Step Up scheme, customers can now avail EMI options lowered by 60% starting from INR 834/- per lakh per month, depending on the scheme and the products at an attractive interest rate. As per the scheme, the EMI payments will remain lower for a period of 3-6 months depending on the convenience of the buyer. This will be provided with non-income proof funding and flexible tenor options ranging from 1 to 7 years depending on the product and variant. Furthermore, while the purchase of the Harrier, Safari or Tigor gets a loan to value (LTV) of up to 85% on the ex-showroom price, purchase of Tiago, Nexon or Altroz will make the customers eligible to get an LTV of 90%.

Commenting on the roll out of these finance schemes offers, Mr. Ramesh Dorairajan, Head Network Management and Trade Finance, Passenger Vehicles Business Unit, said, “We, at Tata Motors, have always been committed to supporting our customers at all times. The recent Covid-19 upsurge has impacted everyone and to help our passenger car family in these challenging moments, we are delighted to be partnering with IndusInd Bank to roll out special finance schemes. This is in alignment with our constant effort to fast track the availability of safe personal mobility solutions to individuals and families at pocket friendly rates. We hope that these offers will boost customer morale and make the process of purchasing a car more convenient.”

Elaborating on the initiative Mr. T.A. Rajagoppalan, Executive Vice President, Passenger Vehicles, IndusInd Bank said, “At IndusInd, we believe in staying agile and responding to customer needs in keeping with emerging demand indicators. These innovative financial schemes aim at not only reducing the burden on the customer’s wallet during these tough times, but also allow them to prioritize commute in a hygienic, safe and comfortable environment. We take pride in joining hands with Tata Motors to roll out these schemes.”

To know more about offers and car buying options, call your nearest dealership or visit https://cars.tatamotors.com/. Customers can also enquire, request a test drive, make bookings, and select their preferred financing option via ‘Click to Drive’, Tata Motors’ end-to-end online platform, from the comfort and safety of their homes.

IDEMIA partners with IndusInd Bank to launch its first Metal credit card for customers

New Delhi, Jan 07, 2021 : IDEMIA, the global market leader in the metal payment card technology, today announced that it has partnered with IndusInd Bank to launch its first metal credit card - 'PIONEER Heritage'

Equipped with best-in-class features and privileges across categories like travel, wellness, lifestyle, among others, the all new metal credit card – offers exclusivity to wealth customers of IndusInd Bank by providing them with a superior payment experience powered with innovative technology.

Payment cards are no longer a mere payment tool in India but also reflect the lifestyle of the card holder. Research shows that buying premium products makes 52% of global customers "feel good", and metal cards are a major differentiator for 58% of the card holders. For card holders, high-quality material, superior style, handcrafted design and artisanal effects are definitely an exclusivity quotient.

"IDEMIA is happy to design exclusive metal cards for IndusInd Bank customers with a promise of premium payment experience and added exclusivity. We are confident that the leading edge technology and the best of digital payment solutions from IDEMIA will help IndusInd Bank in its growth trajectory" said Amit Kakatikar, Regional Director & Head of Financial Institutions BU, IDEMIA. 

"As the world goes digital, payment cards are arguably the last physical touch-point between the bank and its customers. The significance of metal cards is to promote IndusInd Bank's brand and serve as a tool to create loyalty for the bank. Our global experience is that Metal cards facilitate Card Holders' exclusive and premium payment experience and hence the customer loyalty" said Amanda Gourbault, Executive Vice President, Financial Institutions, IDEMIA. 

IDEMIA produces more than 800M+ payment products every year and offers a complete portfolio of metal cards to fit any segmentation, from high net worth to mass affluent. These premium payment cards are either made completely out of metal (pure metal plates), or out of a metal core/middle with PVC back and/or front layers. Metal cards are personalized through laser engraving into the card surface.

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate clientele. As on September 30, 2020, IndusInd Bank has 1910 Branches/ Banking Outlet and 2785 ATMs across India. IndusInd Bank launched 'PIONEER Banking', its wealth management platform in January 2020, which caters to the high net worth segment of customers. The discerning few.

IDEMIA is a global leader in Augmented Identity and Security. With a workforce of 5,000 in India, IDEMIA is recognized as a clear leader in identity management, biometrics, digital payments and security domains in India.

About - IDEMIA

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space.

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors. With close to 15,000 employees around the world, IDEMIA serves clients in 180 countries.