Niveshaay

Backing Bold Businesses Built to Break Out

35 companies backed across listed and unlisted markets
10+ portfolio companies listed on the public markets
60+ team members across research, private equity and operations

AIF

Overview

About Niveshaay

Niveshaay is a team of students of businesses. From a single desk in Surat to a team of 60+. A decade of backing founders others overlooked. 35 Companies Backed across listed and unlisted markets. 60+ Team of Thinkers across research, private equity and operations. One Research Engine: Baskets, AIFs and private equity, all drawing from the same ground-level work. 2 AIFs: Category II and III funds, born from a decade of conviction. 10+ IPOs: Portfolio companies the firm backed that listed on the public markets.

Investment philosophy

The firm doesn't buy a business until the firm knows who runs it. Pick the best sector in the market and you can still lose money if the founder is dishonest, or has no intent to create value for the people who own his stock. So the firm starts with him, not the sector. The firm wants his history before the firm backs him. The firm backs the founder, and the team he built. The firm's scuttlebutt decides. Tips and trends don't. The firm would rather know a few businesses completely and commit to them with weight. The firm goes to the source. Visit the factory. Walk the floor. Meet the founder. Talk to the ecosystem. Suppliers. Customers. Competitors. Employees.

AIF funds2

Niveshaay Growth Trust

Registered 2024

Cat II3 in team

Niveshaay Investment Trust

Registered 2024

Cat III3 in team

Research and advice2

Niveshaay Investment Advisors
Type
Research analyst (RA)
SEBI registration
INH000017338
On SEBI's register as on 1 Nov 2026. Check SEBI's register
NIVESHAAY INVESTMENT ADVISORS PRIVATE LIMITED
Type
Research analyst (RA)
SEBI registration
INH000027830
On SEBI's register as on 1 Nov 2026. Check SEBI's register

Team31

Vikram Sharma

Fund manager

Co-Founder and Fund Manager

Drives portfolio construction and investor relations across listed and unlisted strategies. Co-leads the AIF investment mandate.

Arvind Kothari

Founder and Chief Investment Officer

Two decades of institutional equity research. Built Niveshaay's scuttlebutt methodology from the ground up. Leads investment strategy across AIFs and equity baskets.

Gunjan Kabra

Co-Founder, Equity Research Lead

Oversees research infrastructure, compliance architecture, and team development. The operational backbone of Niveshaay since its founding in Surat.

Ajay Surya

Research team

Chandresh Malpani

Research team

Karan Sanwal

Research team

Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.

Niveshaay

Overview

About Niveshaay

Investment philosophy

AIF funds2

Research and advice2

Team31

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