Wealth Management
Financial teardowns of Wealth Management startups, data first, narratives last.
Dezerv · Annual Filing FY2025, Consolidated + Standalone
Dezerv Earned ₹65 Cr. It Spent ₹111 Cr on Salaries Alone.
Dezerv's FY2025 consolidated filing shows ₹65.62 Cr in revenue and ₹111 Cr in employee costs, before marketing, before depreciation, before anything else. Total expenses were ₹178 Cr. Net loss: ₹112 Cr. Two years before this, the parent entity was ₹4.71 Cr from breakeven. The cost base expanded faster than revenue as the company scaled from one product to three entities.
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