Financial services firm Equirus will merge its family office business with Credence Family Office in a ₹100 crore deal and provide exit to TIW Private Equity from the latter. Accordingly, Credence Family Office will take over Equirus Wealth’s Family Office and will be branded as Equirus-Credence Family Office. TIW had invested in Credence Family Office six years back.
Equirus Group, backed by Jhunjhunwala family, Federal Bank and Amicus PE fund, said Mitesh Shah, founder and CEO of Credence Family Office, will join its leadership group, further strengthening the firm’s expertise in the ultra-high-net-worth and family office segments.
The transaction will also allow Credence Family Office to capitalise on Equirus’ extensive platform capabilities across investment banking, research, debt capital markets and fund management, creating a seamless ecosystem to serve clients with best-in-class solutions. With this addition, the total wealth assets under Equirus Group will expand to ₹18,000 crore.
Mitesh Shah, Founder & CEO of Credence Family Office, who spoke warmly about the acquisition, said, “This partnership with Equirus Wealth marks an exciting new chapter for Credence Family Office. Over the years, we’ve been fortunate to earn the trust of families who have entrusted us with their aspirations, and we’ve worked tirelessly to help them thrive. Joining Equirus Wealth allows us to take that commitment to the next level. By combining their scale and vision with our personalised 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.”