September 27, 2016 1:39 AM ET

Capital Markets

Company Overview of JPMorgan Asset Management India Private Limited

Company Overview

JPMorgan Asset Management India Private Limited primarily provides its services to retail and institutional investors. It manages equity, fixed income, and balanced mutual funds for its clients. The firm also manages fund of funds. It invests in the public equity and fixed income markets. It was founded in 2006 and is based in Mumbai, India with additional offices in Kolkata, India; Pune, India; Chennai, India; Bengaluru, India; Ahmedabad, India; and New Delhi, India. JPMorgan Asset Management India Private Limited operates as a subsidiary of JPMorgan Asset Management (Asia) Inc.

J.P. Morgan Tower

Off. C.S.T. Road

Kalina

Santacruz - East

Mumbai,  400 098

India

Founded in 2006

Phone:

91 22 6157 3000

Key Executives for JPMorgan Asset Management India Private Limited

Chief Executive Officer, Managing Director, Portfolio Manager, and Member of the Board of Directors
Chief Administration Officer and Chief Operating Officer
Executive Director, Head of Equities, and Fund Manager
Age: 47
Vice President and Equity Fund Manager
Age: 41
Fund Manager of Debt
Age: 37
Compensation as of Fiscal Year 2016.

JPMorgan Asset Management India Private Limited Key Developments

Reliance Capital Reportedly Eyes India Assets Of JP Morgan AMC

Reliance Capital Asset Management Limited is in early talks to acquire the INR 75.01 billion portfolio of JPMorgan Asset Management India Private Limited as it seeks to close the gap with its two bigger rivals, said four people familiar with the discussions. The talks with JP Morgan are in early stages, but Reliance has made the highest bid so far, said two of the four people cited in the first instance. “We are open to an acquisition if there is a significant synergy in such a deal,” said a top Reliance official who spoke on condition of anonymity because the talks are confidential. DHFL Pramerica Asset Managers Private Limited, Tata Asset Management Limited and a large bank-controlled AMC are among the others who are keen to buy JP Morgan AMC’s India business, person added. “You would appreciate that as a practice, we do not comment on market speculation,” said a Tata Asset Management spokesperson. “JP Morgan does not comment on media speculations,” said a JP Morgan spokesperson. A spokesperson for DHFL Pramerica declined comment. A Reliance Capital spokesperson said: “Industry will be seeing lot more consolidation and RMF is open to further acquisitions similar to Goldman AMC. However, we would not like to comment specifically with regards JPM or any company.”

JP Morgan AMC Reportedly Revives Efforts To Exit India

JPMorgan Asset Management India Private Limited (JP Morgan AMC) is scouting for potential buyers and has appointed an investment banker for the same. "JP Morgan AMC recently approached us through an investment banker," said a Chief Executive Officer at fund house.

Yes Bank May Buy JP Morgan's India MF Business

Yes Bank Limited (BSE:532648) is learnt to be in initial stages of discussion to acquire JPMorgan Asset Management India Private Limited, the Indian mutual fund business of US-based JP Morgan Asset Management Company.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 22, 2016
JPMorgan Asset Management India Private Limited, Mutual Fund Business in India
 

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