Oracle Capital Group, an independent multi-family office and wealth management firm, has signed a deal to form a joint venture with IndusView UK, the London-based India advisory firm, and financial services professional Rudra Dalmia to foray into the Indian market.
Oracle Capital said that the collaboration with IndusView and Mr. Dalmia will open up significant opportunities for it in India and bring access to a number of Indian family and corporate networks.
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IndusView’s founder Bundeep Singh Rangar advises family-owned businesses on commercial opportunities emanating from India’s fast growing economy.
Dalmia, who has 15 years experience in private equity, financial services and investment banking across Asia, Europe and the US, advises a number of Indian and Global family offices and manages discretionary capital for them in India.
IndusView CEO Bundeep Singh Rangar said: "India continues to shine in an otherwise cloudy global economy. With a 7% annual growth rate that’s the highest of any large economy, India’s $2 trillion economy continues to create a new generation of high net worth individuals.
"Rudra Dalmia and I will work with Oracle Capital to successfully expand and grow in this lucrative market."
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By GlobalDataOracle Capital Group chairman Martin Graham said: "We are very excited by the prospects of Indian market and the opportunities it brings for Oracle Capital Group.
"IndusView and Rudra Dalmia’s extensive network and experience will greatly complement our comprehensive services of investment advisory, wealth structuring and asset protection via the mutual effort of extending our services to high net worth individuals and their family businesses in India."
Rudra Dalmia said: "I am very excited with our partnership as we are good friends and have worked on several transactions in the past, our synergies are obvious and we have a huge pipeline of opportunities for investors in Oracle Capital Group’s network."
