After beginning its journey in 2007 as an advisory, Equirus has diversified into institutional broking, investment banking and wealth management. According to reports, the financial services firm is looking to acquire IDFC Securities, which is on the block. While refraining from commenting on any specific deal, Ajay Garg, founder and managing director of Equirus Capital, tells Jash Kriplani about his company’s growth plans and how the market activity can play out. Edited excerpts:
What are the other businesses Equirus could diversify into?
We recently forayed into wealth management and portfolio management services because we are looking at equity-related capital market fee-income businesses.