Nuvama Wealth Management Limited

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ownership: PAG (promoter of company), one of the largest Asia-based alternative investment managers 2. INDUSTRY OVERVIEW suite of offerings ▪ Integrated wealth management platform with exhaustive

31%

rs of existence Integrated Wealth Management platform Proven Execution Revenue FY25 US $ 339 Mn-31% CAGR 4Y Operating PAT FY25: US $ 115 Mn-49% CAGR 4Y 1. All figures are as on 30th June 2025 unless

49%

nt platform Proven Execution Revenue FY25 US $ 339 Mn-31% CAGR 4Y Operating PAT FY25: US $ 115 Mn-49% CAGR 4Y 1. All figures are as on 30th June 2025 unless mentioned otherwise 4 Majority owned by

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nboarding, Transactions Servicing, Reporting, Advice Empowering Clients and Relationship Managers 6 Evolved from individual businesses into an INTEGRATED WEALTH MANAGEMENT PLATFORM 2. Global Partne

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xperience and accelerating business growth acquires a controlling stake New Brand & Headquarters 1. Built Businesses - Backed By High- quality Parentage Wealth & Asset Management Asset Services

75%

over client segments constituting majority of wealth ~35K Households ~30 lacs Households 70-75% of total financial wealth UHNI HNI & AFFLUENT MASS MARKET RETAIL 9 UNIQUE BUSINESS MODEL

19%

NE NUVAMA 10 A HIGH GROWTH COMPANY with diversified and superior quality of earnings Revenue +19% 184 119 +41% 339 167 +31% 241 139 All figures are in US $ Mn % are YoY 117 57 39 19 - F

41%

A HIGH GROWTH COMPANY with diversified and superior quality of earnings Revenue +19% 184 119 +41% 339 167 +31% 241 139 All figures are in US $ Mn % are YoY 117 57 39 19 - FY21 +32% 155

32%

119 +41% 339 167 +31% 241 139 All figures are in US $ Mn % are YoY 117 57 39 19 - FY21 +32% 155 88 45 20 2 FY22 39 19 8 FY23 56 38 7 FY24 89 77 7 FY25 Wealth Management As

6.5x

EGY 12 India’s wealth landscape - powered by secular growth trends PRESENT WEALTH TO GDP USA 6.5x INDIA 4.5x SHARE OF FINANCIAL WEALTH USA 70% INDIA 25% PROFESSIONALLY MANAGED WEALTH USA

4.5x

a’s wealth landscape - powered by secular growth trends PRESENT WEALTH TO GDP USA 6.5x INDIA 4.5x SHARE OF FINANCIAL WEALTH USA 70% INDIA 25% PROFESSIONALLY MANAGED WEALTH USA 75% INDIA 1

70%

lar growth trends PRESENT WEALTH TO GDP USA 6.5x INDIA 4.5x SHARE OF FINANCIAL WEALTH USA 70% INDIA 25% PROFESSIONALLY MANAGED WEALTH USA 75% INDIA 15% TRENDS DEMAND SIDE 1. Rising af

“Journey over years CLIENT ASSETS - ASSET SERVICES REVENUES - ASSET SERVICES 4Y CAGR 47% 14,742 10,661 19% 14,893 12,541 4,527 5,091 3,164 4Y CAGR 41% 19 20 19 77 38 46% 23 15 FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 REVENUES - CAPITAL MARKETS 4Y CAGR 23% 89 45 39 39 56 10% 21 23 FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 43”

“Performance Metrics Revenue - Asset Services (US $ Mn and YoY) Revenue- Capital Markets (US $ Mn and YoY) Profit Before Tax (US $ Mn and YoY) +46% 23 15 23 -10% 21 +17% 26 22 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 1.”

“Emissions stood at 474 tCO2e for Q1 FY26 o Waste reduced to 70.64 MT in Q1 FY26 (segregation practices implemented) o All e-waste is disposed via certified vendors o Water saving initiatives undertaken like sensors and aerators in taps, dual flush system, etc.”

“Profits in last 4 years for Wealth grew at CAGR of 69% and Asset Services & Capital Markets at CAGR of 43%.”

“Commercial Real Estate Fund - JV with Cushman & Wakefield 50 Well DEFINED TRAJECTORY for each segment STRATEGY FOCUS AREAS EXECUTION MARKERS Sep’23 In 5 years grow clients assets to 2-2.5x or 15-20% CAGR Asset Services Grow assets under Clearing and Custody International Institutional Domestic Institutional Enterprise (Technology Client Group Client Group (AIF, PMS) and Operations) Grow clients and expand Grow clients and Get future ready to footprint.”

Nuvama Asset Services and Capital Markets

2

Improved market share

1

DISCLAIMER

1

NOTES

1

Improved market share

~20% of relevant new clients in our select segments c) Won accolades: Recognized by global industry bodies as ‘The leading custodian’ and won many other awards WM: Wealth Management, AM: Asset Management, AS: Asset Services and CM: Capital Markets 42

Nuvama Asset Services and Capital Markets

Journey over years CLIENT ASSETS - ASSET SERVICES REVENUES - ASSET SERVICES 4Y CAGR 47% 14,742 10,661 19% 14,893 12,541 4,527 5,091 3,164 4Y CAGR 41% 19 20 19 77 38 46% 23 15 FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 REVENUES - CAPITAL MARKETS 4Y CAGR 23% 89 45 39 39 56 10% 21 23 FY21 FY22 FY23 FY24 FY25 Q1 FY25 Q1 FY26 43

Nuvama Asset Services and Capital Markets

Performance Metrics Revenue - Asset Services (US $ Mn and YoY) Revenue- Capital Markets (US $ Mn and YoY) Profit Before Tax (US $ Mn and YoY) +46% 23 15 23 -10% 21 +17% 26 22 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Q1 FY26 1. Asset Services Q1 revenues grew by 46% YoY, driven by scale up of existing and addition of new clients, across both - international and domestic client segments 2. Capital Markets Q1 revenues decreased by 10% YoY o Market momentum improved in Q1, revenues grew 10% QoQ o Fixed income markets continue to grow, driven by improved client coverage and growth in volumes 44 Doing it right ! Driving growth, earning recognition Recognized with prestigious awards for excellence o Best Specialist Private Bank-India - Global Private Banking Innovation Awards, 2025 o Best Specialist Private Bank for UHNW Clients – Global Private Banking Innovation Awards, 2025 o Online Lead Generation Campaign of the year 2025 – 5th edition of BFSI Digital Stallions Forum's The Great Indian BF

DISCLAIMER

This presentation and the discussion may contain certain words or phrases that are forward-looking statements, which are tentative, based on current expectations of the management of Nuvama Wealth Management Limited or any of its subsidiaries, associate companies and joint ventures (“Nuvama”). Actual results may vary from the forward-looking statements contained in this presentations due to various risks and uncertainties. These risks and uncertainties include the effect of economic and political conditions in India and outside India, volatility in interest rates and in the securities market, new regulations and Government policies that may impact the businesses of Nuvama as well as the ability to implement its strategy. The information contained herein is as of the date referenced and Nuvama does not undertake any obligation to update these statements. Nuvama has obtained all market data and other information from sources believed to be reliable or are its internal estimates unless ot

NOTES

Slide 7: Slide 8: Slide 9: Slide 11: Slide 13: Slide 14: Pursuant to approvals received from SEBI and exchanges, Nuvama Wealth Management Limited was listed on BSE and NSE on 26th September 2023 Company research and estimates Kotak Wealth Report, Karvy Wealth Report, Mckinsey Wealth Reports, Credit Suisse Global Wealth Reports | 2017-2022 and company estimates Revenue incorporates impact of phase 3 demerger to include merchant banking & advisory services businesses. Revenue calculated by reducing finance cost and variable business expenses from gross revenue. Total revenue includes minor amount towards corporate and eliminations - FY21 US $ 1 Mn, FY22 US $ (1) Mn, FY23 US $ 0.24 Mn and FY24 US $ 1 Mn. Asset Management business was started in FY21 and new schemes were launched in FY22 IMF, OECD, Federal Reserve, Karvy Wealth Reports, World Bank, Credit Suisse Global Wealth Reports 2021,2022, Citi Research, Financial Times and internal company estimates Avendus, AMFI, SEBI, Preqin, BCG r