Nuvama Wealth Management Limited has announced the incorporation of a new wholly owned subsidiary named Nuvama Trusteeship Company Limited, according to a regulatory filing dated December 9, 2025. The move is part of the company’s ongoing expansion within the financial services ecosystem.
The subsidiary, incorporated in India, received its Certificate of Incorporation on December 9, 2025, and will operate in the financial services sector, specifically offering corporate trusteeship and related services. As per the disclosure, the subsidiary will be entirely controlled by Nuvama Wealth Management, which has subscribed to 100% of the initial paid-up share capital valued at Rs 1 crore—equivalent to 10,00,000 equity shares of Rs 10 each.
Nuvama clarified that the development does not fall under related-party transactions, as this is an incorporation rather than an acquisition of an existing entity. The company also stated that no governmental or regulatory approvals were required for the formation of the new subsidiary.
The filing further added that Nuvama Trusteeship Company Limited has no prior turnover history, since it has been newly incorporated, and will focus on trusteeship and allied financial activities aimed at strengthening the group’s service offerings.
The announcement has also been uploaded to the company’s official website for public access.
