Chanakya Capital Services Pvt Ltd – Portfolio Management Services (PMS)

Fund Manager, PMS

With over two decades of dedicated experience in equity investments, the individual joined CCSPL in 2008. Prior to this, they contributed to the investment team advising Acacia Partners, a significant Foreign Institutional Investor (FII) in India (Ruane Cunniff & Goldfarb), from 2010 to 2017. During this period, the India equity portfolio managed exceeded USD 2 billion. Previously, a decade was spent at the Unit Trust of India (UTI), where comprehensive expertise was developed in credit research and fund management. At UTI, they managed an equity portfolio valued at INR 3,500 crores, spread across five funds. Notably, three of these funds achieved top performance rankings from leading agencies including Crisil, Lipper, and Value Research. The individual demonstrates a commitment to thorough company research, exemplified by an instance of assessing a large consumer company’s branding and marketing strategies through on-site observation. Furthermore, they are a co-founder and director of Micasa Education Pvt. Ltd., an entity operating K-12 schools under the brand ‘Lumens School’. The inaugural school, established in Vapi in 2011, currently serves over 600 students and has garnered recognition for its educational standards. Academic qualifications include a Bachelor of Engineering (Electronics) and a Master of Management Studies from Mumbai University.

Fund Manager, PMS

With over three decades of dedicated experience in banking and investment management, encompassing both equity and debt instruments, Mr. Tiwari founded Capital Crest Securities Private Limited (CCSPL) in 2008. From 2010 to 2017, he served as an advisor to Acacia Partners, a prominent Foreign Institutional Investor (FII) in India, managing their Indian equity portfolio valued in excess of USD 2 billion. Prior to establishing CCSPL, Mr. Tiwari held the position of President (Credit) at UTI Bank (now Axis Bank). During his seven-year tenure, he was instrumental in expanding the bank’s corporate credit portfolio from INR 1,500 crores to INR 32,000 crores. Concurrently, he achieved a significant reduction in the Non-Performing Asset (NPA) percentage, bringing it down from 6.50% to 0.30%. His leadership at UTI/Axis Bank was pivotal in transforming the corporate credit business, elevating it to a position of quality and market leadership. Between 1992 and 2001, Mr. Tiwari spent nine years at Unit Trust of India (UTI), where he spearheaded and professionalized the equity research function. He is also recognized for his role in revitalizing the India Fund, positioning it among the top-performing Indian offshore funds. In 1988, he was part of the foundational team from IDBI involved in the establishment of the Securities and Exchange Board of India (SEBI). Mr. Tiwari holds a Post Graduate Diploma in Management (PGDM) from IIM-Ahmedabad and a Ph.D. in Finance from the University of North Texas. He is also a co-founder of Lumens and a director at Micasa Education Pvt. Ltd., an entity operating K-12 schools under the brand name ‘Lumens School’. The inaugural Lumens School, established in Vapi in 2011, currently serves over 600 students and has garnered recognition for its educational excellence.