Niveshaay Growth Trust — Niveshaay | Wisefolio

Niveshaay Growth Trust

Cat II · Managed by Niveshaay

Invest with an Entrepreneurial Mindset.

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

Niveshaay Growth Trust (IN/AIF2/24-25/1607) is a SEBI-registered Category II AIF managed by Niveshaay Investment Management Private Limited (CIN: U66309GJ2024PTC148707, LEI: 254900FARHLL5TLQ9Y16), a Surat-based boutique investment management firm incorporated in 2024. Niveshaay was founded in 2017 by Arvind Kothari as Niveshaay Investment Advisors; the investment management company was incorporated in 2024 to hold the AIF and CPMS registrations. Niveshaay also holds a separate Cat III AIF registration (IN/AIF3/24-25/1571). The firm is headquartered at Office No. 610, 6th Floor, SNS Platina, Near Someshwara Enclave, Vesu, Surat, Gujarat 395007. Co-founders are Arvind Kothari, Gunjan Kabra, and Vikram Sharma. The firm employs a scuttlebutt approach — on-ground research including plant visits, distributor checks, and direct conversations with promoters — to identify high-growth, under-the-radar companies in manufacturing and energy transition sectors. Niveshaay operates two AIFs: (1) the Cat II Growth Trust (IN/AIF2/24-25/1607) with an open-ended structure providing greater liquidity, targeting mid and small-cap listed and unlisted companies with a diversified strategy; (2) the Cat III AIF (IN/AIF3/24-25/1571) for longer-horizon, conviction-driven investments in exceptional founders and visionary businesses. The firm is also a SEBI-registered Research Analyst (INH000017338) with Vikram Sharma as contact, and manages CPMS products.

Investment philosophy

Niveshaay's investment philosophy is built on an entrepreneurial mindset that goes beyond spreadsheets to understand the real stories behind businesses. The firm combines deep fundamental analysis with on-ground research — plant visits, distributor checks, direct conversations with promoters — to find under-the-radar, under-researched companies with strong growth potential and ethical, founder-led leadership. Niveshaay believes in high-conviction, concentrated portfolios backed by thorough due diligence, targeting companies with the potential to double their sales or profitability within 3–5 years by connecting macroeconomic indicators to business model analysis. The fund is sector-agnostic in approach but shows particular depth in manufacturing, renewable energy, and Make in India themes. Arvind Kothari's core principle: trust entrepreneurs' judgments over scrutinising quarterly performance. The firm prefers patient capital and long-term wealth creation over short-cycle returns.

Team31

Arvind Kothari

Founder & CIO

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

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

Vikram Sharma

Co-Founder & Manager – Investments; SEBI Contact Person

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

Ajay Surya

Research team

Chandresh Malpani

Research team

CA

Karan Sanwal

Research team

Shristi Jain

Research team

Dolly Choudhary

Research team

Naman Parmar

Research team

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF2/24-25/1607

RegisteredOct 2024 (2 years ago)

Valid untilPerpetual

Contact personVikram Sharma

AddressOffice No. 610, 6th Floor, SNS Platina, Vesu, Surat, Gujarat, 395007

Investment manager

Insights

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Disclaimer

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