Parmanand Devnani

Managing Partner - Parmanand Devnani: Parmanand hails from the Sindh province of Pakistan. He was brought up in difficult financial circumstances, uncertain even about whether his family would get two meals a day. Parmanand’s parents ran a grocery store, however, their priority was to provide education for their children (5 sons & 1 daughter), not food. With immense hard work & struggle, Parmanand completed his MBA with distinction & earned a gold medal for it. However, after marriage, and struggling to earn a deserved quality of living, he migrated to India in 1995 because of the discrimination he faced in his professional & personal life despite his competence & qualifications. Owing to the place he hailed from, no one was keen to employ him or provide a residence in India. After finding it very difficult to settle down in India, he somehow got a job in a plastic packing unit in Ahmedabad, a job he clung on to till 2002.

While working at the plastic factory, Parmanand dreamed of starting his own business. He believed becoming an entrepreneur would provide him freedom and give him opportunities to better utilise his capability while also becoming a job maker instead of a job taker, values that his parents asked him to remember.

After quitting his job, Parmanand founded Indus Wealth [Previously Indus Capital]. Parmanand has built the Indus Wealth community with diligence, discipline, and patience. He reckons that his struggle in creating and protecting his personal wealth has made him realise how precious his clients' savings are. He endeavours to protect & enhance his clients hard earned wealth with the same discipline, patience, and hard work with which he has built his personal wealth.

Parmanand brings thought leadership to Indus Wealth with an unwavering commitment to transparency, integrity, and a client-first approach. He is deeply committed to having skin in the game and only distributing those products that he consumes himself. “Only if it is good for me, will it be good for our families, friends & clients”, he believes.

Parmanand brings experience, diligence, knowledge & a curiosity to keep learning about the ever-changing world of personal finance, so that Indus Wealth can deliver financial solutions which are uniquely created for each individual and family to secure their financial future.

Today, Parmanand Devnani is a reputed & trusted Ahmedabad-based personal financial solutions provider. With over 20 years of experience managing the hard-earned wealth of individuals and families, he oversees an asset base of over Rs. 900 Crores with a monthly investment book of Rs. 5.5 Crores. However, the most valuable asset that Parmanand manages at Indus Wealth is the trust of 2000+ clients and 500+ families.