Indian firm going global
Avendus Wealth Management
KKR-then-Mizuho-owned Indian wealth arm — Gulf/Japanese capital buying into India's wealth machine, with no offshore diaspora branch of its own verified.
Dedicated NRI team
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Strategy tenure
wealth arm within KKR-backed Avendus; Mizuho control announced Dec 2025
India onshore arc
Onshore active
Hubs
India onshore
Avendus Wealth Management is the wealth arm of Avendus, the KKR-backed Indian financial-services group being acquired by Japan's Mizuho. In December 2025 Mizuho Securities agreed to buy more than 60% of Avendus Capital for up to 47 billion rupees (about $516 million), taking Avendus off KKR and making it a Mizuho consolidated subsidiary. Avendus Wealth sits within a group spanning institutional equities, wealth management and asset management; unlike Nuvama or ASK, no offshore branch of its own could be verified this session (avendus.com was unreachable). Its relevance to the NRI corridor is as an ownership story rather than a verified offshore-branch operator.
Why it matters
Avendus is the corridor's ownership story rather than its offshore story: Gulf and Japanese capital are buying into the Indian wealth machine (Mizuho here, as Emirates NBD and PAG do elsewhere). No offshore diaspora booking centre of its own could be verified this session — a reminder that not every Indian wealth brand has physically gone offshore, and that some enter the corridor as an acquisition target rather than as a branch operator.
By the numbers
>60% (Mizuho control)
Mizuho Securities agreed to acquire majority control of Avendus Capital — the parent of Avendus Wealth Management — from KKR affiliate Redpoint Investments and co-founder Ranu Vohra; on completion Avendus becomes a Mizuho consolidated subsidiary. Announced Dec 2025.
Private Banker International · Dec 2025
up to ₹47bn (~US$516m)
Consideration Mizuho will pay for the Avendus stake, turning Avendus into a consolidated subsidiary (dollar framings vary with FX and stake size, from ~US$516m to ~US$524m).
Nikkei Asia · Dec 2025
The journey
Mizuho to buy majority of Avendus from KKR for up to ~$516m
Mizuho Financial Group announced it would acquire Indian investment bank Avendus Capital for up to 47 billion rupees (about $516 million), buying more than 60% of the shares from majority holder Redpoint Investments (a KKR affiliate) and co-founder Ranu Vohra. On completion Avendus — which spans institutional equities, wealth management and asset management — becomes a consolidated subsidiary of Mizuho Securities. (Dollar framings vary with FX and stake size, from ~$516m to ~$523m.)
2 sources · all linked