Investment28 Nov 2025, 04:51 pm
Billionbrains Garage Ventures Invests Rs. 1,044.67 Million in Wholly-owned Subsidiary Finwizard Technology
AI Summary
Billionbrains Garage Ventures Ltd. has made a further investment of Rs. 1,044.67 million in its wholly-owned subsidiary, Finwizard Technology Private Limited (FTPL). FTPL, incorporated under the Companies Act, 2013 on June 5, 2015, is engaged in the business of distributing various financial products and services, including mutual fund units, insurance products, units of alternate investment fund schemes, stock broking, and portfolio management activities. The investment will facilitate certain payouts and working capital requirements of FTPL. FTPL's turnover as of March 31, 2025, was Rs. 1,279.08 million.
Key Highlights
- Billionbrains Garage Ventures invests Rs. 1,044.67 million in Finwizard Technology Private Limited.
- Finwizard Technology is a wholly-owned subsidiary of Billionbrains Garage Ventures.
- Finwizard Technology is engaged in financial product distribution and stock broking.
- The investment will facilitate certain payouts and working capital requirements of Finwizard Technology.
- Finwizard Technology's turnover as of March 31, 2025, was Rs. 1,279.08 million.