Vedant Asset Ltd Company Summary

Vedant Asset Limited was originally incorporated as a Private Limited Company as Vedant Asset Advisors Private Limited on July 7, 2015 under Companies Act, 2013 with the Registrar of Companies, Jharkhand. Subsequently, name of the Company changed from Vedant Asset Advisors Private Limited to Vedant Asset Private Limited on November 29, 2017. Further, Company converted into a Public Limited and consequently, name of the Company was changed to Vedant Asset Limited vide a fresh Certificate of Incorporation dated June 3, 2022.

The Company allotted and issued 7,50,000 Equity Shares of Rs 10 each by raising funds aggregating to Rs. 3 Crores through IPO in October, 2022. Promoted by Mr.

Lallit Tripathi and Mrs. Priyanka Maheshwari, Company is engaged in the business of providing banking correspondence services in association with various banks and managing funds of investors with various mutual fund houses. As of now, it is associated with Jharkhand Rajya Gramin Bank (JRGB), Bank of India and Madhya Pradesh Gramin Bank (MPGB) for providing financial services.

Under mutual fund distribution business, it is currently acting as a broker for 28 different fund house with the AUM of over 150 Cr. Vedant acts as a broker for various fund houses, including prominent ones like ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Mutual Fund, and Axis Mutual Fund. As a mutual fund distributor, the Company helps investors purchase and manage investments through these different fund houses.

The Company has acquired entire share capital of Kartik Credit Pvt. Ltd. on 28th February, 2023, which got divested its 100% equity shares of Kartik Private Limited on 2nd August, 2024.On March 26, 2025, Vedant Asset entered into an agreement with NSDL Payments Bank Limited to act as its Corporate Business Correspondent, expanding its service reach and revenue potential.

The company transferred AUM from ARN 16320 to ARN 104974, strengthening its position in the wealth management segment.