Wealthy, an investment advisory and wealth management platform based in Bengaluru, had a 72% year-on-year growth in revenue for FY25, maintaining its strong energy after it had already doubled its scale in the last fiscal.
The company's operating revenue increased to Rs 25 crore in FY25 from Rs 14.5 crore in FY24, as per the financial data submitted to the Registrar of Companies (RoC). The brokerage services, whose contribution to the total income was 56% and which went up to Rs 14 crore from Rs 6.3 crore a year earlier, were the main source of the company's growth.
The revenue from advisory services went up by 24% to Rs 9 crore, while the commission income doubled in value by 110% reaching Rs 2 crore. Non-operating income accounted for an additional Rs 10 crore, thus, the total income of the company was Rs 35 crore in FY25.
The money spent on employee benefits remained the major part of the company's costs, which were responsible for 53% of the total expenditure that rose by 23% to Rs 37 crore. The company's legal and professional expenses, commission costs, and advertising expenses together saw significant upward turnover. The overall expenditure increased by 41% to Rs 70 crore.
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Wealthy’s net loss enlarged by 46% to Rs 35 crore from Rs 24 crore in FY24 despite the sizable revenue growth. The company's ROCE and EBITDA margins were at -155.17% and -152%, respectively.
On a unit level, the firm spent Rs 2.8 to earn every rupee of operating revenue, an improvement from Rs 3.41 the previous year. At the end of March 2025, the company had current assets worth Rs 17.5 crore out of which Rs 7 crore was in cash reserves.