PInvesco Asset Management (India)Executive Cockpit

Brand / M&A 360

The roll-up lens — proving the thesis deal by deal, and surfacing the integration drag that holds margin back.

Invesco Asset Management (India) · FY26 (modeled)
Top 10 mutual fund managers in India
410 employees · 0+ US sites · 1 countries
Executive read· the answer, then the moves

The roll-up thesis is working — +$1.83M of EBITDA captured and 74% of synergy banked — but 4 in-flight businesses ($12.610000000000001M revenue) still hold margin back. Finish their cutover to close the gap to 100% synergy, the highest-return work in the company.

4 of 4 headline metrics improving vs prior · still off target: Value Creation Realized 7.2% vs 8.0%, EBITDA Margin 36.7% vs 38.0%, DSO 13d vs 11d

Do now — ranked by urgency
  1. 1
    Finish the 4 in-flight integrations to close the synergy gapAct now
    Why it matters

    Avg synergy is only 74% of plan banked; the unrealized balance is EBITDA already underwritten but not yet captured.

    What's driving it
    • Avg synergy 74% of plan
    • 4 businesses in flight ($12.610000000000001M revenue)
    FYI
    • In flight: NRI Wealth Portfolio, CRM / KYC Portal, Portfolio Management, Fund Admin System
    • EBITDA uplift to date +$1.83M
  2. 2
    Recover Fund Admin System — lowest synergy at 40%Act now
    Why it matters

    Fund Admin System is the weakest cohort on synergy capture; a 90-day savings plan on the gap is unrealized EBITDA.

    What's driving it
    • Fund Admin System synergy 40% · 45% integrated
    • 0 in-flight brand(s) with DSO above as-acquired
    FYI
    • Status: Early
    • EBITDA 0.61→0.69%
  3. 3
    Institutional Client: ICICI Bank credit exposureAct now
    Why it matters

    Move to credit hold pending paydown; reforecast ARR net of likely churn.

    What's driving it
    • Overdue AR
    • Signal: Alert
    FYI

    Distress filings + overdue AR; churn risk High on $6.4M account.

  4. 4
    Blocker: Quoting / CPQ — CRM / KYC PortalAct now
    Why it matters

    Gates the cohort cutover (and the exit).

    What's driving it
    • due 2026-09-15 · Mitigating
    • Signal: Integration blocker
    FYI
    • Legacy estimator has no API; quote history export blocked on vendor — stalls CPQ cutover.
    • Owner: Meera Iyer
💎 Value creation → exitStep 6 of 7 · synergy & uplift by acquisitionCash 360Exit ReadinessAll journeys
🌐 Enterprise 360 modules· on Brand / M&A 360Browse all 31 views ▾
● LiveBuilt forCOO · Integration PMO· what to cut over nextCFO· unbanked synergy & DSO dragBoard / Wind Point· is the roll-up thesis working

Pavion is built by acquisition. This view shows, for each business bought, what we paid for vs what it earns now — and flags the ones still mid-integration where ~+$21M of profit, faster cash and lower churn are still on the table.

Data backing: brand_cohort (as-acquired vs current EBITDA, DSO, ARR, integration %, synergy realized)
Acquired revenue
$24.229999999999997M
7 tracked deals
Recurring (ARR)
$9.7M
from the cohorts
EBITDA uplift
+$1.83M
since purchase
Avg synergy
74%
of plan banked
Integrated
3/7
fully absorbed
Still in flight
$12.610000000000001M
4 businesses
The thesis, in one line

+$1.83M of profit captured, 74% of the plan banked

Finishing the 4 in-flight businesses (NRI Wealth Portfolio, CRM / KYC Portal, Portfolio Management, Fund Admin System) closes the gap to 100% — the single highest-return work in the company.

Deal by deal

As-acquired → today

Each card: what changed since purchase, how far integration has gone, and the next move.

Hybrid Fund B
acquired 2021 · $2.6M revenue · $0.92M ARR
Integrated
EBITDA %
0.69→1.07
DSO
71→58d
Synergy
92%
Integration100%
Next: Integrated. Harvest it — push cross-brand cross-sell into its customer base and protect the margin gains.
Tax-Saving Fixed Deposit
acquired 2021 · $1.68M revenue · $0.61M ARR
Integrated
EBITDA %
0.61→0.99
DSO
66→54d
Synergy
90%
Integration100%
Next: Integrated. Harvest it — push cross-brand cross-sell into its customer base and protect the margin gains.
ELSS Fund A
acquired 2022 · $7.34M revenue · $3.97M ARR
Integrated
EBITDA %
0.84→1.22
DSO
68→56d
Synergy
88%
Integration95%
Next: Integrated. Harvest it — push cross-brand cross-sell into its customer base and protect the margin gains.
NRI Wealth Portfolio
acquired 2023 · $4.43M revenue · $1.45M ARR
In progress
EBITDA %
0.76→0.99
DSO
70→61d
Synergy
74%
Integration82%
Next: Recover synergy — 74% of plan banked. Put a 90-day savings plan on the gap; this is unrealized EBITDA.
CRM / KYC Portal
acquired 2024 · $3.13M revenue · $1.07M ARR
In progress
EBITDA %
0.69→0.84
DSO
73→67d
Synergy
55%
Integration60%
Next: Recover synergy — 55% of plan banked. Put a 90-day savings plan on the gap; this is unrealized EBITDA.
Portfolio Management
acquired 2024 · $2.83M revenue · $0.99M ARR
In progress
EBITDA %
0.69→0.92
DSO
71→60d
Synergy
78%
Integration80%
Next: Recover synergy — 78% of plan banked. Put a 90-day savings plan on the gap; this is unrealized EBITDA.
Fund Admin System
acquired 2024 · $2.22M revenue · $0.69M ARR
Early
EBITDA %
0.61→0.69
DSO
69→66d
Synergy
40%
Integration45%
Next: Sequence first — only 45% integrated. Accelerate the back-office/sales cutover to stop synergy leaking.
Rack & stack

Which acquisition is performing best?

Each cohort ranked within the set on five KPIs (direction per metric), then a composite Overall Rank from summed rank points — the dashboard's RANKX leaderboard. Top & bottom highlighted.

OverallUnitRevenue↑ betterEBITDA %↑ betterARR↑ betterSynergy %↑ betterDSO gain↑ betterRank pts
1ELSS Fund A$7M#11%#1$4M#188%#312d#28
2Hybrid Fund B$3M#51%#2$1M#592%#113d#114
3NRI Wealth Portfolio$4M#21%#3$1M#274%#59d#517
4Tax-Saving Fixed Deposit$2M#71%#3$1M#790%#212d#221
4Portfolio Management$3M#41%#5$1M#478%#411d#421
6CRM / KYC Portal$3M#31%#6$1M#355%#66d#624
7Fund Admin System$2M#61%#7$1M#640%#73d#733

Higher EBITDA %, revenue, ARR and synergy rank better; DSO gain = days of receivables improvement since acquisition (more = better). Composite rank points are the sum of the five per-KPI ranks (lower = better).

The full cohort

Every acquisition, one row

As-acquired → current across EBITDA, DSO, integration and synergy.

BrandYrRevenueARREBITDA %DSOIntegratedSynergyStatus
Hybrid Fund B2021$2.6M$0.92M0.691.077158d100%92%Integrated
Tax-Saving Fixed Deposit2021$1.68M$0.61M0.610.996654d100%90%Integrated
ELSS Fund A2022$7.34M$3.97M0.841.226856d95%88%Integrated
NRI Wealth Portfolio2023$4.43M$1.45M0.760.997061d82%74%In progress
CRM / KYC Portal2024$3.13M$1.07M0.690.847367d60%55%In progress
Portfolio Management2024$2.83M$0.99M0.690.927160d80%78%In progress
Fund Admin System2024$2.22M$0.69M0.610.696966d45%40%Early