TVS Capital invests Rs 500 crore in Neo Group at Rs 10,000 crore valuation

Wealth and asset management firm Neo Group has raised Rs 500 crore from private equity (PE) firm TVS Capital, valuing the company at a pre-money valuation of Rs 10,000 crore, the companies said on Friday.

This marks TVS Capital’s first bet in the wealth management space.

The fresh capital will be deployed to accelerate Neo Group’s growth and focus on delivering specialised solutions to its clients.