Mr. Bhagat is M.A. in Economics,
MBA (Marketing), and is CAIIB-qualified veteran who scaled UTI Pension Fund to
₹4,00,000 crore AUM, with extensive experience in product strategy and
financial inclusion
Mumbai – The Wealth Company, part of Pantomath Group, today announced
the appointment of Mr. Balram
Bhagat as Managing Partner –
Products & Pension. Mr. Bhagat, a veteran of the pension and mutual
fund industry brings over three decades of experience in building financial
institutions, promoting pension adoption, and advancing financial inclusion. As
part of ongoing expansion strategy, this appointment encompasses both strengthening
of leadership and talent pool as well as broadening of its product suite. At
The Wealth Company, this reflects the growing focus on building institutional
depth, enhancing execution capabilities, and supporting the next phase of
scalable growth across investment offerings and distribution channels.
Mr. Bhagat previously served as CEO & Whole-time Director of UTI Pension Fund Ltd., where he
was the founding CEO and played a pivotal role in scaling the organization into
India’s third-largest pension fund,
managing assets of over ₹4,00,000 crore
under the National Pension System (NPS).
Under his leadership, UTI Pension Fund earned multiple national and
international accolades for excellence in pension fund management, governance,
and innovation.
Before leading UTI Pension Fund, Mr. Bhagat held key positions at UTI Mutual Fund, including Head – Product Sales, where he
spearheaded socially focused schemes and micro-pension initiatives. Mr. Bhagat
also led state-level financial inclusion programs such as the Mukhyamantri
Kanya Suraksha Yojna, broadening access to financial literacy and savings
products across underserved communities.
Commenting on the appointment, Ms. Madhu
Lunawat, Founder, MD & CEO, The Wealth Company, “Mr. Bhagat is a pioneering force in India's pension ecosystem and with
over three decades of experience in building institutions and driving financial
inclusion, he brings unparalleled expertise and guidance to The Wealth Company.
Mr. Bhagat’s strategic leadership in scaling one of India's largest pension
funds and his deep understanding of product innovation and governance will be
invaluable as we expand our presence in the retirement ecosystem space.”
Adding to it, Mr. Balram Bhagat, Managing Partner –
Products & Pension, The Wealth Company said “I am excited to join The Wealth Company at a
transformative stage. It is impressive to see a young and dynamic lady founder,
Madhu institutionalising asset management with fresh thoughts and ideas. My focus
here will be on leveraging my experience in pension fund management and product
innovation to develop scalable, purpose-driven solutions that advance financial
inclusion and create long-term value for our stakeholders.”
Mr. Balram Bhagat holds an
M.A. in Economics, MBA (Marketing), and CAIIB. He served as Director & CEO
of UTI Pension Fund Ltd. and Member of PFRDA's Pension Advisory Committee. He
currently serves as an Independent Director on the Board of LIC Mutual Fund.