July 23, 2017 3:29 AM ET

Capital Markets

Company Overview of UTI Asset Management Company Limited

Company Overview

UTI Asset Management Company (P) Ltd. is a privately owned investment manager. It manages mutual funds for its clients. The firm invests in money market, fixed income, and public equity markets of India. It employs in-house research while making its investments. UTI Asset Management Company (P) Ltd. was incorporated on November 14, 2002 and is based in Mumbai, India.

UTI Tower GN Block

Bandra Kurla Complex

Bandra East

Mumbai,  400051


Founded in 2002

1,144 Employees


91 22 6678 6666


91 22 2652 4921

Key Executives for UTI Asset Management Company Limited

Managing Director
Age: 56
Group President and Head of Equity
Age: 47
CFO, Company Secretary, Head of Administration, Head of IT, and Head of Funds Management
Senior Vice President, Head of Research, and Fund Manager of Equities
Age: 46
Head of Legal, Internal Audit, and Operating Risk
Compensation as of Fiscal Year 2017.

UTI Asset Management Company Limited Key Developments

UTI Asset Management May Go Public

UTI Asset Management Company Limited is on the verge of going public. Leo Puri =, the Managing Director of the company recently stated that the company is "fairly ready" for the Initial Public Offering with a board approval already in place for the same. UTI Asset Management Company (AMC), which has been planning an IPO for a long time, could become the first fund house to be listed in India. Earlier, the firm had filed draft papers with the regulator Sebi in 2008 but could not hit the capital markets.

UTI Asset Management Reportedly Set To Launch IPO, To Sell 26-30% Stake

UTI Asset Management Company Limited, India's oldest and the sixth largest asset management company is ready to launch an initial public offering (IPO) and will offer to sell 26-30% of its equity, three people with direct knowledge of the matter said, asking not to be identified. The stake reportedly comes from the holdings of the asset manager's four state-run sponsors, State Bank of India (NSEI:SBIN), Bank of Baroda (NSEI:BANKBARODA), Punjab National Bank (BSE:532461) and Life Insurance Corporation of India (LIC), all of whom have agreed to dilute their stake.

SBI Looking At Reducing Non-Core Investments

State Bank of India (NSEI:SBIN) said it looks to reduce holding in its general insurance joint venture as part of the plan to dilute non-core investment. The government has advised all state-run banks to sell down their non-core assets to unlock capital for funding core business. SBI Chairman Arundhati Bhattacharya said that the bank has initiated talks with the 26% joint venture partner Insurance Australia Group Limited (ASX:IAG) to reduce its stake from 74%. Bhattacharya said that the bank would also look to dilute its 18.3% holding in UTI Asset Management Company Limited if the entity goes for public listing. "We may sell shares in some strategic investments," she said.

Similar Private Companies By Industry

Company Name Region
130R Capital Group Asia
3A Capital Services Limited Asia
3NS Capital Ventures Private Limited Asia
4 A Securities Limited Asia
7i Advisors, LLP Asia

Recent Private Companies Transactions

September 20, 2016
Monsanto India Limited

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
The Advertising Council, Inc. United States
Bertelsmann AG Europe
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact UTI Asset Management Company Limited, please visit www.utimf.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.