April 19, 2018 10:27 PM 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 & 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

LIC Rejects A Proposal To Launch IPO

Life Insurance Corporation of India has rejected a proposal for launching an initial public offering (IPO) for UTI Asset Management Company Limited. LIC and public sector banks Punjab National Bank, State Bank of India and Bank of Baroda each hold an 18.5% stake in UTI-AMC; while investment firm T Rowe Price of USA holds the remaining 26%. UTI-AMC's plan to go for an IPO cannot materialise unless all the banks agree for the listing.

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.

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