Daybreak

360 One wrote the wealth-management playbook. Now it is learning a hard lesson

12 snips
Aug 19, 2025
360 One Wealth is facing an internal crisis as three top leaders have departed, sparking concerns among employees and shareholders. Despite a seemingly stellar reputation, cracks are appearing in its once-impenetrable fortress. The podcast delves into the implications of these exits and the rise of tech-savvy competitors that are luring away talent and reshaping the landscape of wealth management in India. As the company insists everything is fine, industry insiders provide a contrasting view on its uncertain future.
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ANECDOTE

Mass Exodus Of Rainmakers

  • Several top rainmakers, including co-CEO Anirudh Taparia, left 361 this year and took teams with them.
  • An industry executive estimated more than 100 employees followed those departures out the door.
INSIGHT

Investor Nervousness Despite Strong AUM

  • Promoters and insiders have been selling stock and Bain Capital has eased out, signaling investor unease.
  • 361 still manages the largest AUM among wealth managers but insiders expect the real impact of exits to surface in coming quarters.
ADVICE

Fix Distribution Gaps Quickly

  • When a key distribution partner withdraws, build or buy capability to plug the gap quickly.
  • 361 purchased BNK Securities because losing IIFL leads forced it to secure its own broking channel.
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