There are also early signs of diversification. The company sees a large credit opportunity, with its client base already consuming over ₹1 trillion in personal loans annually across the market. Wealth management is gaining traction, with Ionic Wealth’s assets under management (AUM) crossing ₹10,000 crore, up 23% quarter-on-quarter. The AMC business, though still small, is scaling steadily, with folios rising 28% sequentially.