ValueQuest Investment Advisors

Background

Founded in 2010 by Ravi Dharamshi and Sameer Shah, ValueQuest Investment Advisors is a prominent alternative investment management firm in India. The company specializes in managing capital for ultra-high-net-worth individuals (UHNIs), family offices, and institutional investors. With a mission to deliver consistent, high-teen returns, ValueQuest emphasizes a research-driven approach to identify long-term megatrends and invest in companies at pivotal inflection points. The firm's vision is anchored in an "Investor First" philosophy, fostering enduring relationships and a commitment to wealth creation.

Key Strategic Focus

ValueQuest's strategic focus encompasses:

• Investment Strategies: Offering both Alternative Investment Funds (AIF) and Portfolio Management Services (PMS) that cover public and private equity markets.

• Research-Driven Approach: Employing a seasoned team to conduct in-depth research, enabling the identification of emerging trends and investment opportunities.

• Client-Centric Philosophy: Prioritizing client interests through transparent communication and alignment of investment strategies with client goals.

• Market Agility: Maintaining flexibility to adapt to evolving market conditions, ensuring the firm's investment approach remains relevant and effective.

Financials and Funding

As of April 2025, ValueQuest manages assets under management (AUM) totaling ₹17,075.51 crore (approximately $2.16 billion). The firm's financial performance has been robust, with a 252.95% increase in revenue and a 163.31% rise in profit for the fiscal year ending March 31, 2024. The company's net worth also saw a significant increase of 25.81% during the same period.

Pipeline Development

ValueQuest has been actively expanding its investment portfolio, with notable investments including:

• Unimech Aerospace: Invested in July 2024, focusing on the aerospace and defense sector.

• Jupiter International: Invested in July 2024, targeting the alternative energy equipment industry.

• Sabine Hospital & Research Centre: Invested in June 2024, within the hospitals and inpatient services sector.

• RentoMojo: Invested in February 2024, a company in the B2C non-financial services industry.

• WOW! Momo: Invested in October 2023, operating in the restaurants and bars sector.

These investments reflect ValueQuest's commitment to diversifying its portfolio across various industries and stages of company development.

Technological Platform and Innovation

ValueQuest distinguishes itself through:

• Proprietary Research Framework: Utilizing a unique research methodology to identify companies with sustainable competitive advantages and significant growth potential.

• Data-Driven Decision Making: Employing advanced data analytics to inform investment decisions and monitor portfolio performance.

• Integration of Technology: Leveraging technology to enhance research capabilities and operational efficiency.

Leadership Team

ValueQuest's leadership comprises experienced professionals with extensive backgrounds in finance and investment:

• Ravi Dharamshi: Founder & Chief Investment Officer

• Experience: Over 23 years in the stock market, including a tenure at RARE Enterprises under Rakesh Jhunjhunwala.

• Education: MBA in Finance from McCallum Graduate Business School, USA.

• Role: Oversees the firm's investment strategy and fund management.

• Sameer Shah: Co-Founder & Fund Manager

• Experience: Over 23 years in the financial industry, with roles at Sharekhan, BRICS, and Centrum.

• Education: Chartered Accountant.

• Role: Manages the VQ Growth strategy and leads the research team.

• Deepak Ramachandra: Chief Executive Officer

• Experience: Over 25 years in investment strategy and equities, with leadership roles at Axis Capital, Citibank, and Credit Suisse.

• Education: MBA from London Business School.

• Role: Drives the firm's growth and innovation initiatives.

• Pushkar Jauhari: Managing Director & Head of Private Equity

• Experience: 20 years in private equity and investment management, with positions at Oman India Joint Investment Fund and Khazanah Nasional.

• Education: MBA from MIT Sloan, CFA, Chartered Accountant.

• Role: Leads the private equity vertical and manages related investments.

• Aniket Dharamshi: Managing Director & Fund Manager

• Experience: 10 years specializing in defense, aerospace, precision engineering, manufacturing, and energy transition.

• Role: Manages specific investment portfolios and led the acquisition of Minosha India.

• Varun Goenka: Director – Investments & Fund Manager

• Experience: 22 years in financial engineering and asset management, including a role as Co-Fund Manager at Nippon India Life Asset Management Ltd.

• Education: Financial Engineering from ISB – UCLA, Yale Financial Markets Program.

• Role: Oversees investment strategies and fund management.

• Abhinav Khanna: Managing Director & Chief Business Officer

• Experience: Over 22 years in equities and institutional business, previously serving as MD and Head of Equities at Citi India.

• Education: CFA, MBA from IIM Calcutta.

• Role: Leads business development and client relations.

• Chirag Shah: Chief Strategy Officer & COO

• Experience: Over 21 years in financial services, including Head of PCG at ICICI Securities.

• Education: Chartered Accountant.

• Role: Manages strategic initiatives and operational functions.

• Hiten Gala: Head of Compliance and Legal

• Experience: Over 21 years in compliance and legal roles at Sharekhan and E-serve.

• Education: Chartered Accountant.

• Role: Oversees compliance and legal matters.

• Anand Barbhaya: Head of Operations

• Experience: Over 22 years in operations management, previously at Sharekhan.

• Education: Chartered Accountant.

• Role: Manages operational processes and efficiencies.

• Ankit Gala: Chief Growth Officer

• Experience: 17 years in financial services, formerly Managing Partner at Nuvama Group.

• Education: MBA in Finance.

• Role: Drives growth strategies and business expansion.

Leadership Changes

In 2024, ValueQuest appointed Deepak Ramachandra as Chief Executive Officer. With over 25 years of experience in investment strategy and equities, including leadership roles at Axis Capital, Citibank, and Credit Suisse, Ramachandra is expected to drive the firm's next phase of growth and innovation.