About us

Alchemy Investment Management Pte Ltd, Singapore, (Alchemy Sinagpore) was incorporated in February 2007 as a 100% subsidiary of Alchemy Capital Management Pvt Ltd, India, (Alchemy India) to provide Investment Management and Advisory Services to overseas investors / institutions.

Vision

To be a select asset and portfolio management firm through steady and excellent performance.

To be the investment manager of choice for Indian equities through delivering consistent long-term superior performance.

Mission

To meet the long-term objectives of all our stakeholders through consistent superior performance, high standards of ethical behaviour and transparency with superior service and execution efficiency.

Ethos

Where the mind is without fear and the head is held high.

Alchemy believes that knowledge is power. The firm stands on a culture of learning, excellence, integrity and insight that come together to produce results which meet and exceed the clientele’s expectations.

Why Alchemy

Alchemy Group has been one of India’s prominent portfolio management group having a track record since 2002. The group was founded by Lashit Sanghvi, Ashwin Kedia, Rakesh Jhunjhunwala and Hiren Ved, with each of the firm’s co-founders having over 25 years of experience in investing in India’s equity market. The team has worked together for more than a decade and has instilled a culture of excellence and cultivated an institutional pedigree that seeks to continue delivering superior performance to clients.

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Why Alchemy

Alchemy Team

  • Group Founders
  • Fund Management Team
  • Alchemy India (Advisory Team)
Hiren Ved

Co-Founder / CEO & CIO - Alchemy India

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Hiren Ved

Co-Founder / CEO & CIO - Alchemy India

Mr. Hiren Ved is the Co-founder, CEO and CIO at Alchemy India. He started his equity market career in 1991 and worked on both sell side and buy side research roles for the first nine years of his career, before joining Alchemy to spearhead the firms Asset management business in the year 2000. Hiren has deep knowledge across sectors and is known for his bottom up research and stock picking skills. He has built a long-term track record of generating significant alpha over the last 19 years. Managing / advising funds worth USD 941 million (as on 30 June 2021) across domestic and offshore mandates for Alchemy.

Lashit Sanghvi

Co-Founder (Non-Executive)

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Lashit Sanghvi

Co-Founder (Non-Executive)

Mr. Lashit Sanghvi has over two decades of experience and has been featured in CNBC’s “Wizards of Dalal Street”, as one of India’s successful investors. Besides public equities, his area of expertise also involves development of systems critical for running a high-performance investment management business.

Rakesh Jhunjhunwala

Co-Founder (Non-Executive)

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Rakesh Jhunjhunwala

Co-Founder (Non-Executive)

An experienced, longstanding investor in the Indian capital markets, Mr. Rakesh Jhunjhunwala has made all his wealth by investing and trading in the Indian markets for over 30 years. While he is not involved in the day-to-day functioning of the firm, his mentorship and guidance has helped the group develop its consistent ethos and performance.

Ashwin Kedia

Co-Founder (Non-Executive)

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Ashwin Kedia

Co-Founder (Non-Executive)

Mr. Kedia possesses over 25 years of comprehensive equity market experience. His key strengths are stock picking and developing corporate relationships. Ashwin has also featured on CNBC’s "Wizard of Dalal Street - Gen Next", a series on the most successful young investors in India.

Atul Sharma

Fund Manager

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Atul Sharma

Fund Manager

Mr. Atul Sharma has over two decades of global business advisory and direct investment experience. Mr. Sharma has advised Asian Governments, Sovereign Wealth Funds, Conglomerates, MNCs and Multilateral Agencies across several industry sectors to address critical challenges related to economic development, creating economic profits / shareholder value, business strategy, growth, cost & balance sheet management and corporate governance. He is a strong advocate of the fundamentals driven investment style that lays emphasis on the right combination of concepts / metrics like economic moats, ROIC, growth and valuation multiples. Prior to joining Alchemy, Mr. Sharma was an independent advisor helping clients identify and execute their private equity / direct investments and an adjunct faculty at a University in Singapore. Prior to this, Mr. Sharma worked for over 15 years in corporate finance and management consulting firms; including business leadership roles in Stern Stewart & Co and advisory leadership roles in Accenture, Coopers & Lybrand and Arthur Andersen. Mr. Sharma has an MBA degree from the Asian Institute of Management and a B.Sc. Physics degree from St. Xavier’s College Mumbai.

Hiren Ved

Co-Founder / CEO & CIO

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Hiren Ved

Co-Founder / CEO & CIO

Mr. Hiren Ved is the Co-founder, CEO and CIO at Alchemy India. He started his equity market career in 1991 and worked on both sell side and buy side research roles for the first nine years of his career, before joining Alchemy to spearhead the firms Asset management business in the year 2000. Hiren has deep knowledge across sectors and is known for his bottom up research and stock picking skills. He has built a long-term track record of generating significant alpha over the last 18+ years. Managing / advising funds worth USD 893 million (as on 31st December 2020) across domestic and offshore mandates for Alchemy.

Amit Nadekar

Portfolio Manager

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Amit Nadekar

Portfolio Manager

A Chartered Accountant by profession, Mr. Amit Nadekar has worked across equity research, corporate strategy, taxation and audit over the last one and a half decades. He started his career on the sell side, tracking the US banking & financial sector; later moving on to the corporate side as a part of the Corporate Strategy team at Raymond. He has been a part of the Alchemy India investment team since 2005.

Seshadri Sen

Head of Research

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Seshadri Sen

Head of Research

A CFA Charter holder, Mr. Seshadri Sen has been covering Indian markets since 1992. Prior to joining Alchemy India in 2018, he had served as the lead analyst at JP Morgan, covering banks and financials. Mr. Sen has over 25 years of experience behind him and some of his key assignments in the past included Macquarie Capital, Soc Gen, ICICI Prudential AMC and a previous stint with Alchemy. An alumnus of Presidency College in Kolkata, Mr. Sen also holds an MBA degree from XLRI Jamshedpur.

Alchemy Offering

Alchemy Investment Management Pte Ltd offers its fund management services in both Comingled Fund and Separately Managed Account format.

Comingled Fund

An interested investor, who is looking for actively managed Indian exposure, can invest through Alchemy’s pooled investment vehicle.

Separate Managed Account

Alchemy Investment Management Pte Ltd is open to providing its investment management and advisory expertise to a Separate Managed Account (SMA).

Our Process

A Proven, Time-Tested Investment Process

IDEA GENERATION

ENGAGE IN COMPANY MANAGEMENT MEETINGS

CONDUCT IN-DEPTH ANALYSIS AND EVALUATION

PORTFOLIO CONSTRUCTION AND ONGOING REVIEW

EXITING POSITIONS