Navi executives resign to start asset management firm

Two top executives from Navi, Shobhit Agarwal and Apurv Anand, have resigned from their positions. They plan to start their own asset management company. The new venture will focus on offering Portfolio Management Services (PMS) and will seek a license from the Securities and Exchange Board of India (Sebi). Their target market will include high-net-worth individuals and financial institutions. Agarwal and Anand are experienced in the finance industry. Their decision to leave Navi marks a significant shift in their careers. They aim to create a fresh investment platform to cater to affluent clients.