THEBUSINESSBYTES BUREAU

MUMBAI, MAY 19, 2026

 In a significant push towards the financialisation of gold investments in India, The Wealth Company, part of the Pantomath Group, has become the first asset management company in the country to sign up, in principle, for the Electronic Gold Receipts (EGR) segment launched by National Stock Exchange of India (NSE), subject to the applicable regulatory guidance being made available.

EGRs are exchange-traded instruments backed by physical gold of standardised purity, providing investors with a transparent, regulated and efficient avenue to participate in gold as a financialised asset class. The Wealth Company’s participation is expected to widen investor access to gold through institutional investment vehicles while contributing to the development of a robust and vibrant EGR ecosystem in India.

Welcoming the partnership, Ashish Kumar Chauhan said, “We are delighted to welcome The Wealth Company as the first asset management company to partner with NSE on the Electronic Gold Receipts segment. EGRs represent a meaningful step in the financialisation of gold in India, offering investors a transparent, exchange-traded and standardised instrument backed by physical gold. The participation of asset managers is central to building scale, depth and investor confidence in this segment, and we thank The Wealth Company for their early conviction in the product.”

Commenting on the development, Madhu Lunawat said, “EGR is the product of the future, and The Wealth Company is delighted to support EGR, an important offering from NSE, which has consistently brought new and innovative products to the Indian capital markets from time to time. We are delighted to be the first asset management company in the market to sign up, in principle, for the EGR product.”

EGRs are expected to bring gold buying into the mainstream financial market ecosystem by creating a highly regulated and standardised framework for investors. The platform will also improve ease of doing business, as EGRs can be conveniently bought and sold through demat accounts.

The partnership between NSE and The Wealth Company is poised to act as a catalyst in promoting transparent, safe and uniform gold investments across the country. The initiative assumes significance as India remains one of the world’s largest gold-consuming markets, where a considerable portion of gold purchases still takes place through local markets with varying purity standards and pricing structures.