ICICI Prudential AMC is a joint venture of ICICI Bank, one of India’s largest private sector banks, and Prudential Plc., one of the largest financial services companies in the United Kingdom. ICICI Bank has consolidated net assets worth INR 14.76 trillion and boasts of a network of 5,228 branches and 15,158 ATMs all over India (as of 30th September 2020). View More
Prudential Plc. is an Asia-centric financial services company focusing on structural growth markets. The firm has over 20 million customers and is listed on Hong Kong, London, New York, and Singapore stock exchanges.
Besides offering mutual fund schemes to investors, ICICI Prudential AMC offers Portfolio Management Services and Equity Alternative Investment Funds for big financial institutions, banks, and retail investors. The company also offers International Advisory Mandates for offshore markets in equity, debt, and real estate.
ICICI Prudential AMC has witnessed a massive jump in its scale of operations. From just six employees at two locations in 1998 to 1,855 employees at more than 350 locations, the company has become a force to reckon with in the Indian mutual funds’ sphere.
ICICI Prudential AMC is headed by Mr Puranam Hayagreeva Ravikumar, Chairman and Independent Director, Mr Nimesh Shah, Managing Director and Chief Executive Officer, and Mr Sankaran Naren, Executive Director and Chief Information Officer. In the financial year 2020-21, the AMC won the coveted title of the ‘Best Fund House’ at Morningstar Awards 2021. It also received awards at Refinitiv Lipper Fund Award 2020 and Buzzin Content Awards. ICICI Prudential AMC’s Profit After Tax (PAT) for 2020-21 was INR 1,715 thousand, against INR 967 thousand in 2019-20. Its basic and diluted Earnings Per equity Share (EPS) grew to 17.04 from 9.61.