Investment is a business of trust. ‘WASANKAR’ has been a trusted
name in the filed of financial advise and investments for 23 years.
A proprietary business established in 1989, has steadily grown over the years to
become one of the leading wealth management companies in Maharashtra. The reach
has not been limited only to Maharashtra but is steadily spreading all over India
and even abroad.
Wasankar Wealth is credited with being a pioneer in popularizing the concept of
personal financial advisor and Family Financial Doctor.
In a short span of 30 months after introducing the concept of Financial Advice for
a fee, revenue from advisory fee has crossed Rs.5 Crore mark with client base crossing
A picture is worth a thousand words. Our Logo is a symbolic representation of our
over all business theme. The logo is based on birds flying in a formation. The logo
incorporates two flying birds with a glowing sun in the background guiding them
to their destination. The two flying birds represent intellectual wealth and financial
wealth guided by Wasankar Wealth Management Ltd represented by the glowing sun.
We dared to put investors first before profits. We introduced the concept of fee
based unbiased advice which has put Wasankar Wealth on fast track growth. Our subscription
base has already crossed 5000 mark in a short span of 3 years.
Our mission is not only to create and augment financial wealth for investors but
also to educate them on the changing trends in economy and finance in India and
abroad which in turn would enable them to share in the economic growth of the country.
We understand that we are running a business for profit but we strongly believe
that business would grow rapidly and profits would flow continuously if we are successful
in achieving our mission. Our belief has been validated by the outstanding results
we have achieved so far.
Our business ethics is founded on ‘Four Way Test’. We have made four way test a
way of life in all our dealings with investors, vendors, stake holders and any one
who comes in contact with us. Our core strength is ‘TRANSPARENCY’.
Quality is a way of life in Wasankar Wealth.Consistent with our vision and mission,
our quality policy has been designed with the key objective of win-win-situation
Our quality objective ‘WIN-WIN situation for all’ includes our employees too. Our
policy is aimed at ensuring the growth of employees and betterment of their life
style through periodical training, encouraging continuous education through incentive
schemes and counseling for setting and achieving goals not only in work but also
in their lives. We believe that HR is not merely restricted to recruitment, salary
and promotions but also encompasses the family and their welfare. Annual picnic
to different cities in India is arranged for staff and their family.
We strongly believe that Corporate Social Responsibility is devoting time and resources
for the betterment of the community that is served by a Company. In pursuance of
this belief, we have in place a policy of spreading Financial Literacy through meets,
seminars, workshops and articles in print media. Recognizing the need for starting
financial literacy at a young age, our campaign includes periodical lectures at
junior and senior colleges. Career guidance in the field of finance and investments
and providing practical knowledge through internships is another major effort in
discharging our responsibility to the community.
Dr. Prashant Wasankar
Chairman & Managing Director
Dr. Prashant Wasankar is the founder of Wasankar Wealth Management Ltd. A cost accountant
with doctorate in Financial Management, his vision has spear headed the rapid growth
and establishing the Company as one of the leading wealth managers in Maharashtra.
True to his belief that visionaries create their own path and tread where no one
dares, he has been responsible for redefining investment concepts & research methodologies
and sharing the same with the public through his articles and seminars.
Mr. Vinay Wasankar
Chief Executive Officer
Mr. Vinay Wasankar is a graduate in computer engineering with more than a decade
of experience as Technical Analyst. He is instrumental in bringing out revolutionary
ideas in the field of technical analysis and innovative investment strategies to
meet the challenges posed by the ever changing scenario in the world economy and
Mr. Ramkumar Iyer has more than 3 decades of experience in the field of finance
and accounts. He served as officer with Comptroller and Auditor General of India
for 25 years before taking voluntary retirement. He specialized in performance appraisal
of Companies. He has to his credit the prestigious assignment as member of Indian
Audit Team to United Nations. A firm believer of result oriented approach; he widened
his experience as Management Consultant in private sector. He also has more than
2 decades of experience in fundamental and technical analysis and an ardent follower
of Elliot Wave Theory. He has a passion for teaching and unconventional approach
in sharing his knowledge and experience.
Wasankar Team in action is led by a group of qualified (Post Graduates, CFA and
MBA’s) and experienced leaders. They act as Wealth Managers with the objective of
‘Save your time and make your wealth work for you’ by acting as an effective link
between the investors and the Company.
The journey of Wasankar started in 1989 as a sub broker. It was an era when tech
revolution in stock markets was yet to start. Data for technical analysis was not
readily available like today. A major chunk of the time was spent in reconciling
the trades and arranging for the delivery of stocks. All this did not deter the
Wasankar brothers. Dr.Prashant Wasankar with his brother Vinay Wasankar started
emerging as a leading advisor in stock markets. True to the saying ‘Where there
is a will there is a way’, Wasankar brothers found out innovative ways to obtain
data and technically interpret them. Dr.Prashant Wasankar had a natural gift to
gauge the strength or weakness of market and sectors and lead the investors in the
right path. Expansion took place gradually to include mutual funds, insurance and
realty as part of business portfolio. Navigating successfully two decades in which
market has seen tech boom, tech crash, initial reform boom, long consolidation for
12 years and the golden era of market from 2002, Wasankar became a household name
not only in Nagpur and Maharashtra but in several parts of the Country and with
They say the best investment is to invest in oneself. Dr.Prashant Wasankar gave
a new dimension and decided that the best way to grow is to invest in investors.
He started a campaign of financial literacy and investor education through articles
in print media and seminars in various parts of Vidharbha. Once again deviating
from the conventional discussions about specific stocks and sectors, he focused
on educating investors about need for regular savings, starting investments early
to benefit from the power of compounding, managing risk, investment concepts, and
macro analysis of markets using fundamental & technical analysis. His efforts earned
Dr.Prashant Wasankar the accolade of ‘Investment Guru’.
Vision of Dr.Prashant Wasankar was much ahead of the times and he recognized that
the future lies in providing true wealth management services. Thus, Wasankar Wealth
Management Ltd was born in 2008 with the unique business model of life Membership
and fee based services to its members. The focus shifted from mere broking or commission
agent for mutual funds and insurance to providing customized investment solutions
and acting as wealth managers to its members. Though payment of a fee for advice
was totally alien to investors, innovative investment concepts and successful track
record quickly convinced the investors of the advantage in becoming a life member.
Increase in fee from Rs.20K to Rs.100K in a short span of 30 months and a membership
base of 3000 plus and growing at 50% per annum is testimony to the success and indication
of where the Company is heading.