India’s Spark Capital Private Wealth Management (Spark Capital PWM) has officially launched its operations in the Dubai International Financial Centre (DIFC) through its subsidiary, Spark Global PWM Private Limited. This strategic move positions the DIFC as the central hub for Spark Capital’s activities in the Middle East.

The DIFC is home to 420 wealth and asset management firms, including 75 hedge funds, of which 48 are classified as part of the ‘billion-dollar club’. Spark Capital PWM plans to staff its new office with experienced wealth management professionals who possess extensive knowledge of global markets. The team will leverage Spark Capital’s research capabilities and advanced investment strategies to provide tailored solutions for clients in the region.

Arpita Vinay, senior managing director and co-CEO of Spark Capital PWM, emphasized the importance of this new office, stating that it represents a significant milestone in the firm’s global growth strategy. She noted that “Dubai’s strategic location and robust financial infrastructure provide an ideal platform to connect investors across regions with diverse investment opportunities.”

Spark Capital PWM has reported substantial growth over recent years, with assets under management increasing from approximately Rs30 billion ($360.24 million) in April 2023 to Rs300 billion ($3.56 billion) by May 2025. The firm’s workforce has also expanded dramatically, growing from 60 to over 400 professionals, including more than 130 relationship managers, and establishing a presence in 12 cities across India.

Neeraj Ojha, senior executive officer of Spark Global PWM Private Limited, highlighted the exceptional environment the DIFC offers for wealth management firms. He remarked that the centre features a world-class regulatory framework and provides access to a broad network of financial institutions. Through its presence in DIFC, the firm aims to deliver comprehensive wealth solutions to professional clients in the Middle East, backed by Spark Capital’s expertise and innovation in investment management.