The company has raised Rs 111 crore augmented by stellar growth in assets under custody (AUC), clearing services, trustee, RTA, fund accounting, etc.
DerivativeSaint, a leading Mumbai-based boutique Investment Banking firm, was the sole advisor to the deal.
Ashish Kacholia, famously known as ‘Big Whale’ in stock markets, has a varied portfolio that includes hospitality, education, infra and manufacturing stocks.
The ace investor publicly holds 44 stocks with a net worth of over Rs 1,840 crore, according to the latest shareholding data available.
Kacholia started out with Prime Securities and later joined
before incorporating his own broking firm Lucky Securities in 1995. He co-founded Hungama Digital with Rakesh Jhunjhunwala in 1999 and started building his own portfolio from 2003.
Orbis Financial Corporation is an investment service provider in India with focus on brokers, portfolio managers, wealth managers, hedge, and private equity funds, as well as offers custodian services, including clearing, settlement, risk management, and fund accounting.The company is also the custodian for institutional investors with forward looking services designed and customised to equip mutual fund houses, foreign portfolio investors, institutional investors, family offices, HNIs across segments to efficiently manage their operations.
“The latest fundraise will help the company capitalise on the growth momentum to further bolster achieving the leadership position in the securities services business in India,” Orbis Financial said in a statement.
“Being a dedicated Custodian & PCM, Orbis has zero conflict business following the fully disclosed model at the beneficiary level,” it said.
Orbis has grown in a highly capital-efficient manner with a strong focus on unit-level economics. The business is managed by Shyam Agarwal, who is the MD & CEO.