Balram Bhagat joins The Wealth Company to lead pensions and products

MUMBAI: The Wealth Company, part of the Pantomath Group, has appointed Balram Bhagat as managing partner for products and pension, marking a bold step in its expansion plans.

A veteran of India’s pension and mutual fund industry, Bhagat brings over 30 years of experience in building financial institutions, promoting pension adoption, and advancing financial inclusion. He is set to strengthen the company’s leadership, enhance its product suite, and drive scalable growth across investment offerings and distribution channels.

Bhagat was the founding CEO of UTI Pension Fund, where he helped the organisation grow into India’s third-largest pension fund, managing over Rs 4,00,000 crore under the National Pension System. His leadership won the fund numerous national and international awards for innovation, governance, and excellence in pension management.

Prior to UTI Pension Fund, Bhagat held key positions at UTI Mutual Fund, including head of product sales, championing socially focused schemes and micro-pension initiatives. He also led state-level financial inclusion programmes, such as the Mukhyamantri Kanya Suraksha Yojna, broadening access to financial literacy and savings products in underserved communities.

The Wealth Company founder, MD, and CEO Madhu Lunawat said, “Balram Bhagat is a pioneering force in India’s pension ecosystem. His strategic vision, deep knowledge of product innovation, and track record in scaling institutions will be invaluable as we expand our footprint in the retirement space.”

Bhagat added, “I am thrilled to join The Wealth Company at this transformative stage. It is inspiring to see a young and dynamic founder institutionalising asset management with fresh ideas. My focus will be on creating scalable, purpose-driven solutions that advance financial inclusion and generate long-term value for stakeholders.”

Bhagat holds an M.A. in Economics, an MBA in Marketing, and is CAIIB-qualified. He currently serves as an independent director on the board of LIC Mutual Fund and has previously been a member of PFRDA’s Pension Advisory Committee.