India's wealth management sector is experiencing a major M&A boom driven by a $0.40 trillion unmet demand gap, with only $0.70 trillion of the country's $1.10 trillion top household wealth currently serviced by registered managers. Bernstein projects serviceable wealth will triple from $3.00 trillion in FY25 to $9.00 trillion by FY35, while India's millionaire households nearly doubled from 458,000 in 2021 to 871,700 in 2025. Major deals include State Street's ₹580.00 crore Groww investment and Mizuho's Avendus Capital acquisition, with global M&A volumes up 46% year-on-year in the first half of 2025.