Marcellus Investment Managers Pvt Ltd – Portfolio Management Services (PMS)

Fund Manager

With over a decade of dedicated experience in equity analysis, Ashvin previously held a prominent role leading sector coverage for the automobile industry at Ambit Capital between 2010 and 2017. His astute stock selection during this period earned him recognition in the Starmine Analyst Awards in both 2013 and 2016. Following this, he served as a senior analyst for Ambit’s Mid and Small Cap Portfolio Management Services (PMS) funds until November 2018.

Fund Manager

Bachelor of Commerce, Chartered Accountant

Fund Manager

Prior to his current role, Rakshit accumulated six years of experience (2005-2011) focusing on the United Kingdom equity market. He held positions at Lloyds Bank, serving as Director of Institutional Equity Research, and at Execution Noble, where he led sector analysis. During this period, his expertise in UK Insurance mid-cap equities earned him consistent recognition, ranking among the top three analysts in Thomson Reuters Extel surveys. Since 2011, Rakshit has been instrumental in developing Ambit Capital's consumer research division. This franchise achieved the number one ranking for Discretionary Consumer research and secured a top-three position for Consumer Staples research in both 2015 and 2016. In March 2017, he initiated Ambit’s Coffee Can Portfolio Management Service (PMS), which he managed until December 2018. Under his stewardship, Ambit’s Coffee Can PMS emerged as a leading equity product in India during 2018, demonstrating strong performance. Educational Background: Rakshit holds a Bachelor of Technology (B.Tech) degree from IIT Delhi and is a CFA charterholder.

Chief Investment Officer

Prior to his current role, [Individual's Name] served as the Chief Executive Officer of Ambit Capital, where he significantly contributed to the firm's expansion as both a brokerage and wealth management entity. At the time of his departure from Ambit in June 2018, the firm's assets under advisory stood at USD 800 million. He is also the author of three commercially successful books: "Gurus of Chaos" (2014), "The Unusual Billionaires" (2016), and "Coffee Can Investing: The low risk route to stupendous returns" (2018). Before his tenure at Ambit, [Individual's Name] was a co-founder of Clear Capital, a London-based small-cap equity research firm established in 2003 and subsequently divested in 2008. Academically, he holds the CFA designation and possesses a Bachelor of Science degree in Economics with First Class Honours from the London School of Economics. He further holds a Master of Science degree in Economics from the same institution, achieving distinction in Macroeconomics and Microeconomics. In India, [Individual's Name] is a SEBI-registered Research Analyst and has successfully completed SEBI's prescribed examinations for Investment Advisors. In 2018, he was invited by SEBI to serve on its Asset Management Advisory Committee.

Fund Manager

Before his tenure at Marcellus, Tej was associated with Mayfield, a venture capital firm based in Silicon Valley with global assets under management of USD 3 billion and USD 220 million dedicated to India. During his two-year engagement with Mayfield India's investment division, he engaged in a diverse range of sector coverage and actively participated in India's dynamic venture capital landscape. His prior experience includes a role within Ambit Capital's equity and capital markets division, where he was involved in the execution of Initial Public Offerings (IPOs), Qualified Institutional Placements (QIPs), and share buyback programs.