Alchemy Capital Management Pvt Ltd: Company Profile

Background

Overview

Alchemy Capital Management Pvt Ltd, established in 1999, is a prominent investment management firm headquartered in Mumbai, India. The company specializes in providing Portfolio Management Services (PMS) and investment advisory services, focusing on sustainable wealth creation for its clients. As of October 31, 2025, Alchemy manages assets worth approximately USD 1.2 billion, serving over 3,392 clients.

Mission and Vision

Alchemy's mission is to meet the long-term objectives of its stakeholders through superior service, absolute transparency, and executional efficiency. The firm's vision is to be a select asset and portfolio management firm through steady and excellent performance.

Industry Significance

With over two decades of experience, Alchemy has established itself as one of India's leading PMS providers, known for its integrity, process-driven approach, and commitment to delivering superior client experiences.

Key Strategic Focus

Core Objectives

Alchemy aims to provide customized investment solutions that align with clients' long-term wealth creation goals, emphasizing integrity, transparency, and disciplined investment processes.

Areas of Specialization

The firm specializes in bottom-up stock selection, focusing on identifying high-quality growth companies across various sectors and market capitalizations. This approach is designed to deliver superior risk-adjusted returns over the long term.

Key Technologies Utilized

Alchemy employs a combination of fundamental research, quantitative analysis, and risk management tools to inform its investment decisions. The firm emphasizes continuous monitoring and periodic reviews to assess ongoing risk-reward scenarios and anticipate potential risks.

Primary Markets Targeted

Alchemy primarily targets high-net-worth individuals, family offices, and institutional investors seeking long-term capital appreciation through investments in Indian public equities and alternative assets.

Financials and Funding

Funding History

Alchemy Capital Management Pvt Ltd is a privately held company and has not publicly disclosed detailed funding history or specific funding rounds. The firm manages assets worth approximately USD 1.2 billion as of October 31, 2025.

Notable Investors

While specific investor details are not publicly disclosed, Alchemy has built a reputation for trust and integrity, attracting a diverse client base, including sophisticated institutional investors and ultra-high-net-worth individuals.

Utilization of Capital

The capital managed by Alchemy is allocated across various investment strategies, including discretionary and non-discretionary PMS, as well as alternative investment funds (AIFs), focusing on long-term wealth creation for clients.

Pipeline Development

Key Pipeline Candidates

Alchemy's investment strategies include:

Alchemy High Growth – PMS: A multi-cap investment strategy aiming to identify high-quality growth companies across sectors.

Alchemy Select Stock – PMS: Focuses on generating superior long-term returns by investing in a concentrated portfolio of 8 to 14 high-quality stocks.

Alchemy Ascent – PMS: A multi-cap fund designed to provide consistent "high alpha" investment strategies.

Alchemy Alpha 100 – PMS: Predominantly large-cap focused strategy aiming to deliver consistent "alpha" over the long term.

Alchemy Smart Alpha 250 – PMS: A large and mid-cap focused strategy endeavoring to provide consistent alpha over the long term.

Alchemy Leaders of Tomorrow – AIF CAT-III: Aims at capital appreciation over the long run by investing in listed equities and selectively in PIPES/ IPOs/QIPs.

Alchemy Emerging Leaders of Tomorrow – AIF CAT-III: Focuses on mid and small-cap companies with robust business models, benefiting from India's economic recovery.

Alchemy Long Term Ventures Fund – AIF CAT-III: Targets small and mid-cap opportunities in sectors like consumption, expected to thrive in India's growth cycle.

These strategies are designed to cater to various investor preferences, focusing on long-term capital appreciation and risk-adjusted returns.

Technological Platform and Innovation

Proprietary Technologies

Alchemy employs a proprietary bottom-up stock selection approach, emphasizing in-depth fundamental research and analysis to identify high-quality companies across various sectors and market capitalizations.

Significant Scientific Methods

The firm utilizes quantitative analysis, risk management tools, and continuous monitoring to inform investment decisions, ensuring alignment with clients' long-term wealth creation goals.

Leadership Team

Key Executives

Hiren Ved: Co-Founder, CEO, and Chief Investment Officer (CIO). With over 30 years of experience in the Indian equities market, Hiren leads Alchemy's asset management business, focusing on sustainable long-term investment strategies.

Lashit Sanghvi: Co-Founder and Whole-Time Director. Lashit brings extensive experience in equity markets and has been instrumental in shaping Alchemy's investment philosophy.

Ashwin Kedia: Co-Founder. Ashwin contributes to Alchemy's strategic direction and investment decision-making processes.

Alok Agarwal: Fund Manager with over 21 years of experience in finance and markets, primarily in equity research and fund management. Alok has managed flagship funds and headed offshore equity desks.

Mythili Balakrishnan: Co-Fund Manager with over 19 years of experience in finance and markets, focusing on equity research and fund management. Mythili has worked with leading financial institutions and holds a CFA charter.

Competitor Profile

Market Insights and Dynamics

The Indian asset management industry is characterized by a growing number of high-net-worth individuals and institutional investors seeking diversified investment solutions. The market is competitive, with firms offering a range of PMS and AIF products to cater to diverse investor needs.

Competitor Analysis

Key competitors in the Indian asset management space include:

Avendus Capital: Offers a range of investment banking, wealth management, and asset management services.

Kotak Mahindra Asset Management Company Ltd: Provides a variety of investment solutions, including mutual funds and PMS.

SBI Funds Management Pvt Ltd: One of the largest asset management companies in India, offering a wide array of investment products.

These competitors vary in their service offerings, target markets, and investment strategies, contributing to a dynamic and evolving industry landscape.

Strategic Collaborations and Partnerships

Alchemy Capital Management Pvt Ltd has established strategic collaborations and partnerships to enhance its market position and innovation capacity. Notably, the firm has a majority interest in Alchemy Investment Management LLP, a fund management entity registered with the International Financial Services Centres Authority (IFSCA) in GIFT City, India.

Operational Insights

Alchemy's disciplined investment philosophy, combined with its proprietary research methodologies and experienced leadership team, positions the firm to effectively navigate market cycles and deliver consistent outperformance. The company's focus on integrity, transparency, and client-centric strategies differentiates it in the competitive asset management landscape.

Strategic Opportunities and Future Directions

Alchemy Capital Management Pvt Ltd continues to explore opportunities for expansion and innovation, aiming to leverage India's economic growth and evolving market dynamics. The firm's strategic roadmap includes:

Expansion of Investment Strategies: Developing new PMS and AIF products to cater to a broader range of investor preferences.

Geographical Diversification: Exploring international markets to attract global investors seeking exposure to Indian equities.

Technological Integration: Enhancing investment processes through advanced analytics and technology platforms to improve decision-making and client service.

These initiatives are designed to strengthen Alchemy's market position and drive sustainable growth in the evolving asset management industry.