
Cat I · Managed by Steptrade Capital
Unlock High-Growth Potential Through Investment in AIF SMEs and Microcaps
SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.
StepTrade Share Services Private Limited (formerly Ace Share Services Pvt Ltd) is a SEBI-registered Portfolio Manager (INP000008598) incorporated on 2 November 1993 in Ahmedabad, Gujarat. It is an investment management company offering AIF funds across SEBI categories, a PMS, and a Registered FPI Cat-3 fund in GIFT City. The firm is known for SME exchange-focused AIF investing. As of early 2026, AUM exceeds ₹400 crores. Registered Address: 726, Shyamal Iconic, Shyamal Cross Roads, 132 Feet Ring Rd, Shyamal, Ahmedabad, Gujarat 380015.
Yash Bhanushali
Fund managerFund Manager – PMS
MBA Finance professional with over nine years of experience in financial markets. Leads research and investment decisions for the PMS division at StepTrade, ensuring strategic growth and value creation.
Kresha Gupta
Fund managerDirector & Fund Manager
CA
CA Kresha Gupta is an investment professional with over 8 years of experience across capital markets, equity research, portfolio construction, and alternative investments. She specializes in SME and microcap investing and is recognized for her disciplined investment philosophy, research-led decision-making, and ability to identify emerging businesses with scalable growth potential. As Director and Fund Manager at Steptrade Capital, she leads the company's investment strategies across the SME and microcap segment, overseeing capital deployment through specialized alternative investment vehicles. She manages the Chanakya Opportunities Fund series, a CAT II AIF and India's pioneering SME-focused Alternative Investment Fund (AIF), along with the Steptrade Revolution Fund series, a CAT III AIF, focusing on businesses positioned to benefit from structural economic and industry transformations. A Chartered Accountant who qualified at the age of 20, Kresha's investment framework combines rigorous bottom-up research, promoter quality assessment, governance evaluation, and sectoral analysis to identify businesses capable of delivering sustainable long-term value creation. Before joining Steptrade Capital, Kresha worked with Vodafone Idea Limited, where she collaborated closely with senior leadership across Investor Relations and Treasury functions, gaining valuable exposure to corporate finance, capital markets, and strategic decision-making. She also managed her family office, where she was actively involved in investment management and capital allocation decisions across asset classes. In addition, she advised companies in the pre-IPO, unlisted, and SME segments, providing strategic guidance on growth, capital planning, and market positioning. These experiences laid the foundation for her disciplined investment approach and deep understanding of both public and private markets. A recognized voice in the investment community, her insights have been featured in CNBC Awaaz, Moneycontrol, The Economic Times, Business World, and Financial Times.
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Ankush Kumar Jain
Fund managerDirector & Fund Manager
CFA
Ankush Jain is a CFA charterholder with over 18 years of experience across Indian equities, alternative investments, portfolio management, and capital markets. As Director and Fund Manager at Steptrade Capital, he plays a pivotal role in shaping the firm's investment strategies, overseeing capital allocation, and identifying opportunities across public and private markets. Ankush currently manages Chanakya Opportunities Fund I (CAT II AIF) and Steptrade Revolution Fund series (CAT III AIF). His investment approach combines deep fundamental research, market cycle analysis, and disciplined risk management to uncover businesses with strong growth potential and long-term value creation capabilities. In addition to fund management, Ankush actively advises high-growth companies on pre-IPO opportunities, helping businesses navigate growth capital requirements, strategic positioning, and market readiness. Prior to joining Steptrade Capital, Ankush held investment advisory roles at Edelweiss Wealth Management, specializing in structured products and alternative investment solutions. He began his career as a Research Analyst covering commodities and currency markets.
Akshay Dawra
Fund managerFund Manager, COF II
Chartered Accountant with a strong background in investment management across private and public markets. At Steptrade Capital, he focuses on deal sourcing, deployment and portfolio monitoring with an emphasis on rigorous financial analysis and disciplined capital allocation. Previously Fund Manager at Ekamya Capital and worked at Finvox Analytics on M&A and valuations for global PE and VC fund clients.
Darshit Shah
Research Head
CA
Chartered Accountant with seven years of experience in equity research, investment banking, valuation and financial modelling. Focuses on listed investments within the AIF portfolio at Steptrade Capital, combining analytical acumen with a strong passion for equity markets.
Rahul Brahmkshatriya
AVP- Private Equity
Investment analyst with over seven years of experience in equities, primary markets and risk management. Heads the Research department at Steptrade Capital with a background in managing UHNI portfolios and financial risk mitigation.
Nandani Patidar
VP-Compliances
Mohit Kapoor
AdvisorAdvisory Board Member
Brings deep expertise in leveraging technology and first-principles thinking to drive scalable growth across portfolio businesses. Guides Steptrade's SME-focused fund with a focus on Tier II and III cities across technology, manufacturing and services.
Kamal Bansal
AdvisorAdvisory Board Member
25+ years of experience in venture capital, private equity and investment banking. Formerly MD of GVFL, he helped launch India's early tech-focused VC funds and shape institutional investment thinking. Guides Steptrade in empowering India's SME sector through strategic capital and innovation.
See every PMS strategy and AIF from Steptrade Capital.