Bengaluru-based Atom Group has received approval from the Dubai Financial Services Authority to acquire Amaltas Partners Limited. This strategic move aims to help Indian high-net-worth individuals and family offices manage their wealth across borders, bridging the gap between India and global markets. The expansion highlights the growing demand for international investment structuring among wealthy Indian investors.
Atom Group, the Bengaluru-based financial services firm, is entering the Dubai market through the acquisition of Amaltas Partners Limited. The deal, which recently received approval from the Dubai Financial Services Authority (DFSA), allows the group to operate out of the Dubai International Financial Centre (DIFC). This is a strategic effort to capture the growing need for cross-border wealth management services.
For Atom Group, this move is about building a financial bridge for its clients. The company plans to use this new platform to offer complex services like wealth structuring, investment advisory, and risk management to Indian high-net-worth individuals (HNIs) and family offices. By having a presence in the DIFC, the firm aims to provide better access to capital and investment opportunities in the Gulf and other global markets. This aligns with the broader industry trend where Indian wealth management firms are expanding their footprint to help clients diversify assets internationally.
To lead this international push, Atom Group has appointed Naveen Rastogi, its former Global Chief Investment Officer for Multi-Family Office, as the CEO and Group CIO of Amaltas Partners. This appointment signals the firm’s intent to maintain continuity in its services while scaling up its international operations. The company plans to connect its existing India-based operations with its Singapore holding structure and the new Dubai entity to create a comprehensive advisory framework.
While this expansion reflects a trend of financial firms moving to global hubs, it is important for observers to note that Atom Group remains a private, unlisted entity. This means there is no public stock to trade, and the firm does not disclose financial results, debt levels, or profitability metrics to retail investors.
For those observing this space, cross-border wealth management involves specific risks. Investments made through offshore platforms are subject to different regulatory frameworks, tax laws, and currency rules compared to domestic products. Clients and observers should note that such structures do not replace India-regulated investment products. The long-term success of this expansion will depend on the firm's ability to navigate complex cross-border compliance requirements while maintaining service quality in a competitive wealth management environment.