WGC Wealth, a recent entrant in Indian private wealth management space, is aiming to break into the top-five industry ranking league in next five years, its CEO Atul Singh has said.

In just three months since the launch, this wealth management arm of the $22-billion Wadhawan Global Capital, has already built a book of ₹1,000 crore, mostly from Ultra HNIs and HNIs, Singh told BusinessLine here.

"In the next five years, we want to ramp up our assets under management to ₹20,000-30,000 crore. This is the right time to scale up, given the current opportune trend of financialisation of savings gathering pace in the Indian economy," Singh said. Singh maintained that being a late entrant into the wealth management space was not a handicap for Validus Wealth as there is still a big market for "high quality financial advise" in the country.

About 26 executives who joined from ICICI Securities Private Wealth are front-end relationship managers.

Validus Wealth aspires to make inroads into the top five industry league for private wealth management — a space currently dominated by biggies such as Kotak Wealth Management and IIFL Wealth..