Speaking with TechGraph, Krishna Patwari, Founder and Managing Director of Wealth Wisdom India Pvt. Ltd. (WWIPL), discussed how rising interest in unlisted shares and Pre-IPO opportunities signals a shift in India’s private equity landscape, and how the company is addressing this gap through a data-driven platform that enables real-time tracking of valuation shifts, Pre-IPO developments, ESOP activity, and liquidity events across India’s leading unlisted companies.
Patwari also spoke about how WWIPL’s technology platform, combined with PRIMEX 40, secure settlement infrastructure, and a compliance-first execution model, is enabling retail investors to make informed decisions backed by data while accessing private opportunities securely within a standardized framework that supports confidence and long-term participation as the market scales.
Read the interview in detail:
TechGraph: The private equity space in India has so far been dominated by institutional players, while retail participation has remained negligible. How do you see WWIPL changing that equation, and do you believe the PRIMEX 40 Index could become a benchmark that redefines how private markets are tracked in India?
Krishna Patwari: As cited in the EY-IVCA Monthly PEVC Roundup (July 2025), PE/VC activity remains strong. The July 2025 deal value was ₹35,100.64 crore (up 32% vs July 2024’s ₹26,320.66 crores and down 11% versus June 2025’s ₹39,480.997 crores). Private equity in India has long been an institutional game, but the growing appetite for unlisted shares, like the surge in NSE’s retail shareholder base from 33,896 in March 2024 to over 146,000 by June 2025, shows that individual investors are ready to step in.
What’s missing is transparency, reliable data, and a way for retail participants to navigate this complex space confidently. That’s where Wealth Wisdom India Pvt. Ltd. steps in with our platform and app, giving investors real-time access to critical metrics like share price movements, market cap, and ESOP activity across private companies.
PRIMEX 40 ties it together by bringing structure and visibility and acting as a benchmark for India’s top unlisted or private companies. Helping retail investors to track private markets with the same clarity they’ve had in public markets, compare performance, and make informed calls. It has the potential to set a new standard for how private equity is tracked in India, opening the door for broader retail participation.
TechGraph: India’s public markets are liquid and well-regulated, whereas private markets are often criticised for opacity and information asymmetry. In this environment, what concrete steps has WWIPL taken to convince both seasoned and first-time investors that transparency and trust are not just promises but measurable realities?
Krishna Patwari: If we look at the private market from an investor’s lens and ask: what would make me feel confident? The answer is simple- clarity and comparability. WWIPL has focused on making private markets feel as transparent and navigable as public ones.
The backbone of this effort is a data-driven platform where investors can track unlisted companies in real time, from share price movements and market cap changes to Pre-IPO activity, ESOP updates, and liquidity events. This level of visibility simply didn’t exist earlier in private space.
To create a clear benchmark, WWIPL introduced the PRIMEX 40 Index, which tracks India’s leading unlisted companies by market value. It gives investors a concrete reference point to measure performance, replacing guesswork with something tangible. Every piece of information on the platform is backed by company reports, IPO-related updates, and structured insights, presented in a way that’s simple to navigate.
For first-time investors, this means clear guidance, while seasoned investors get the depth and consistency they need, eliminating the guesswork that often comes with private markets.
TechGraph: With startups, unlisted companies, and pre-IPO shares attracting buzz, valuations are often expensive and sentiment-driven. How does WWIPL balance investor enthusiasm with the responsibility of curating genuine opportunities at fair pricing?
Krishna Patwari: Instead of chasing the buzz, at WWIPL (Wealth Wisdom India Pvt. Ltd.), we recognize that valuations in startups, unlisted companies, and pre-IPO shares can often be influenced by market sentiment. To ensure our investors make well-informed choices, we focus on bringing data-backed transparency to the unlisted space.
We provide investors with unlisted company share price charts compared against the PRIMEX 40 Chart, enabling them to evaluate how a stock is performing relative to the broader unlisted market.
Additionally, we offer peer comparison based on the latest available financials, so investors can assess valuations, growth potential, and market position with greater clarity. By combining these tools, WWIPL empowers investors to look beyond sentiment, analyze fundamentals, and take informed investment decisions at fair pricing.
TechGraph: Regulation around alternative investments and OTC trades is evolving quickly. Do you see greater compliance as a tailwind that legitimises the sector, or as a hurdle that could slow down innovation and investor participation?
Krishna Patwari: Regulation in the space of alternative investments and OTC trades is both necessary and inevitable as the market matures. At WWIPL, we view greater compliance not as a hurdle, but as a positive tailwind that brings credibility, transparency, and investor confidence to the sector.
Clear regulatory frameworks help weed out malpractices, standardize processes, and ensure that only genuine opportunities reach investors.
While it may initially introduce stricter checks and additional requirements, in the long run, it legitimizes the ecosystem, making it more accessible to a wider pool of investors, including institutions. We believe that responsible innovation thrives best in a regulated environment.
For us, compliance is not a barrier—it’s an enabler that aligns with our mission of helping investors make secure and informed decisions in the unlisted and pre-IPO market.
TechGraph: Speed of settlement is one of your differentiators, with Share transfers to Demat accounts happening in roughly 2 to 24 working hours. Yet, given the tightening oversight of financial transactions, how sustainable is this promise, and can it scale if investor volumes rise significantly?
Krishna Patwari: We at WWIPL view settlement speed as part of a larger push to make private markets as seamless as public ones. The combination of regulatory compliance, verified intermediaries, and scalable tech through our platform and App ensures the 2 to 24 working hour window remains practical as volumes grow, turning speed into a standard.
TechGraph: Digital-first investment platforms are mushrooming across India, backed by heavy venture funding and aggressive marketing. How does WWIPL plan to compete in an ecosystem where visibility often drives adoption, and is your edge primarily in credibility, exclusivity, or technology?
Krishna Patwari: Private markets have always been an insider’s game, and we’re changing that. We give retail investors access to opportunities for quality unlisted shares, Pre-IPO deals, and ESOPs that were once reserved for HNIs and institutions. And we do it with complete transparency with real-time company updates and the PRIMEX 40 Index as a benchmark. That exclusivity, delivered through our website and our app, is our strongest edge. Visibility may attract attention, but real access builds trust and long-term adoption.
TechGraph: Global private equity flows into India are increasing, particularly in sectors such as infrastructure, renewable energy, and technology. Where do you see domestic private markets fitting into this narrative, and can WWIPL realistically bridge the aspirations of Indian retail investors with the scale of global capital?
Krishna Patwari: Reforms like Clause 72(6) are a clear signal that India wants to attract global private equity. WWIPL’s mission is to extend that opportunity to retail investors by providing a transparent, scalable platform that enables them to track unlisted companies, compare performance, and invest with the same confidence as institutions and international players.
