Complex or leveraged strategies — long-short, hedge-fund-style and quant funds. Often open-ended, within SEBI leverage limits.
MS Capital India Fund is a SEBI-registered Category III Alternative Investment Fund (reg. IN/AIF3/25-26/1824), registered in June 2025 and managed by MS Capital Investment Advisors Private Limited — a Bengaluru-based long-only Indian listed equities fund. The firm was founded by Chirag Fialoke (Founder & CIO) and his wife Suruchi Fialoke (CTO). Chirag brings 10+ years of Indian public markets investing experience, combining private equity-style diligence with deep operational understanding of Indian businesses. He previously worked at WestBridge Capital (a leading India-focused multi-stage fund) and RatnaTraya Capital (a boutique long-only equity fund), and also operated and exited a mid-sized business in India. Suruchi brings expertise in ML/AI and bioinformatics, strengthening the firm's research and data-driven investment strategy; she completed her PhD from the University of Pennsylvania and has led bioinformatics and ML projects at Pfizer and IIT Delhi. The fund is operationally headquartered at Diamond District, Lower Ground Floor, Corporate Tower B, 150 Old Airport Road, HAL 2nd Stage, Bengaluru 560008. The SEBI-registered address is Khata No. 150, Ward 73 of Kodihalli, HAL Airport Road, Mahanagara Palike — the underlying land parcel for the Diamond District complex.
Chirag Fialoke
Founder, CIO
Harvard Business School, MBA; IIT Kharagpur, B.Tech
Chirag has 10+ years of experience in Indian public markets investing combining private equity-style diligence to deep understanding of business operations in India. An IIT Kharagpur and Harvard Business School graduate, he previously worked at WestBridge Capital and RatnaTraya Capital and operated and exited mid-sized business in India.
Suruchi Fialoke
CTO
University of Pennsylvania, Ph.D.; IIT Kharagpur, B.Tech
Suruchi brings expertise in ML/AI and bioinformatics to strengthen MS Capital's research and data-driven investment strategy. An IIT Kharagpur graduate with a PhD from the University of Pennsylvania, she has led bioinformatics and ML research projects at Pfizer and IIT Delhi.
Shrinjana Mittal
Associate
RatnaTraya Capital, St. Xavier's College, CFA III
Shrinjana Mittal is an Associate at MS Capital. She previously worked at RatnaTraya Capital and holds a degree from St. Xavier's College. She is a CFA Level III candidate.
Shivansh Vijayvargiya
Analyst
Bsc. Finance, NMIMS, CFA II
Shivansh Vijayvargiya is an Analyst at MS Capital. He holds a B.Sc. in Finance from NMIMS and is a CFA Level II candidate.
R. Gnanamani
AVP, India Operations
Apex Group, CAMS, Standard Chartered Bank
R. Gnanamani is the AVP for India Operations at MS Capital, bringing experience from Apex Group, CAMS, and Standard Chartered Bank. He handles fund operations, compliance, and investor services.
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