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ValueQuest Investment Advisiors

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Namestring
ValueQuest Investment Advisiors
Legal namestring
ValueQuest Investment Advisors Private Limited
Company typeenum
Private
Founded yearint
2010
Descriptiontext

ValueQuest Investment Advisors Private Limited is a SEBI-registered boutique alternative investment manager (Portfolio Manager registration INP000003724) headquartered in Mumbai, India. Founded in 2010 by Ravi Dharamshi (CIO) and Sameer Shah, the firm has a 15-year vintage of managing capital for ultra-high net worth individuals (UHNIs), family offices, and institutional clients. As of May 2026, it manages approximately ₹27,925 crore (~$2.94 billion) in assets across PMS, AIF, and Advisory mandates, served by a 34-member investment team. The firm is privately held, with no external parent company, and Aniket Dharamshi was elevated to Co-Founder & Managing Partner of the private equity business in March 2026.

The firm's product architecture spans public-market and private-market strategies. Public-market offerings include two PMS schemes (VQ Growth and VQ Platinum) and public-market AIFs (FasterCAP Fund I & II and the Inflexion Fund). Private-market offerings include the SCALE Fund I & II (Cat II-AIF, registration IN/AIF2/22-23/1156, winner of the IVCA Alternate Capital Excellence Awards 2024) and the Tristar Fund, a ₹2,000 crore PE vehicle raised in February 2026 that deploys into advanced manufacturing, aerospace, defence, and energy transition with cheque sizes of ₹150–400 crore across 8–12 companies. International investors are reached via offshore AIFs — the India G.I.F.T. Fund (GIFT City) and the India SCALE II Offshore Fund. Distribution is direct-to-client through WealthSpectrum portals and field sales, supported by content marketing (VQ Insights blog, YouTube, LinkedIn, Twitter/X) and the annual Inflexion Day event.

ValueQuest's investment process is described as research-led and concentrated, targeting high-conviction positions in both public and private equity. The firm claims consistent "high teen returns since inception" and an #InvestorFirst philosophy, with portfolio bets spanning Indian equities, energy transition plays (Jupiter International, Waaree Energy Storage), aerospace and defence (Rangsons Aerospace, defence PSUs), and technology (CoreEL Technologies, $30M Series B lead in December 2025). Revenue is generated primarily through AUM-based management fees on PMS and AIF products, with performance fees likely material in strong-return years given the firm's return profile.

Short descriptiontext

ValueQuest Investment Advisors is a SEBI-registered boutique alternative investment manager based in Mumbai, founded in 2010, managing ~$2.94 billion AUM across PMS, domestic AIF, and offshore AIF products for UHNIs, family offices, and institutions via concentrated, research-led strategies.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersMumbai, India
HQ citystring
Mumbai
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
Portfolio Management Services, Alternative Investment Fund, Wealth Management, Investment Advisory, Private Equity Fund
Industry2 codes
1Advisory Portfolio Management (Non-Discretionary)
CodeFSAAABADPrimaryYes
2Private Equity Buyout Fund-of-Funds
CodeFSANAGADPrimaryNo
NAICS code1 code
  • Portfolio Management and Investment Advice523940
SIC code1 code
  • Investment Advice6282
Product category
Alternative Investment Management
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1AUM-based Management Fees
TypeSubscription Recurring
Description

Revenue generated through management fees on assets under management across PMS (Portfolio Management Services) and AIF (Alternative Investment Fund) strategies covering public and private equity markets. The firm manages ₹27,925 crores (~$2.94 billion) across these strategies.

valuequest.in
Marketing channels6 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 8 records shown
1SCALE Fund
Description

Private equity fund focused on growth investments in India, registered as Cat II-AIF with SEBI (IN/AIF2/22-23/1156)

valuequest.in
+7 more records
Core offering1 text field

ValueQuest Investment Advisors is a SEBI-registered boutique alternative investment manager that offers Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) covering public and private equity markets. The firm manages discretionary and non-discretionary portfolios, including domestic AIFs, offshore AIFs, and PMS schemes, for ultra-high net worth individuals (UHNIs), family offices, and institutional clients.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • High teen returns since inception
Product overview1 text field

ValueQuest Investment Advisiors is a financial services firm offering alternative investment management with multiple product lines. The firm operates two primary Portfolio Management Services (PMS) products: VQ Growth and VQ Platinum for public market investments. For private markets, ValueQuest offers several AIF funds including SCALE Fund I & II (Cat II-AIF, won IVCA Award 2024) and Tristar Fund (Rs 2,000 crore PE fund targeting advanced manufacturing). Public market alternatives include FasterCAP Fund I & II and Inflexion Fund. Offshore offerings for international investors include the India G.I.F.T. Fund and India SCALE II Offshore Fund. The firm manages approximately ₹27,925 crore (~$2.94 billion) in AUM across these strategies.

Product and service8 records
1VQ Growth
CategoryPortfolio Management Services
Description

A Portfolio Management Services (PMS) offering focused on growth investments, part of ValueQuest's public market strategies for qualified investors.

2VQ Platinum
3SCALE Fund I & II
CategoryAlternative Investment Fund (Private Market)
Description

Domestic Alternative Investment Fund (AIF) focused on private market investments, registered as a Cat II-AIF with SEBI (registration IN/AIF2/22-23/1156). SCALE Fund won the IVCA Alternate Capital Excellence Awards 2024.

4Tristar Fund
CategoryPrivate Equity Fund
Description

A Rs 2,000 crore private equity fund focused on advanced manufacturing sectors including aerospace, defence, and energy transition, deploying across 8-12 companies with cheque sizes of Rs 150-400 crore each.

5FasterCAP Fund I & II
CategoryAlternative Investment Fund (Public Market)
Description

Public market alternative investment fund following ValueQuest's FasterCAP investing philosophy, offering capital appreciation potential to investors.

6Inflexion Fund
CategoryAlternative Investment Fund (Public Market)
Description

Public market fund focused on inflexion point investing strategies, targeting opportunities at transition points in business cycles.

7India G.I.F.T. Fund
CategoryOffshore Alternative Investment Fund
Description

Offshore AIF offering exposure to Indian equities through GIFT City platform for international investors seeking India exposure.

8India SCALE II Offshore Fund
CategoryOffshore Alternative Investment Fund
Description

Offshore alternative investment fund extending the SCALE Fund strategy to international investors seeking Indian private equity exposure.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Indian asset manager offering PMS and AIF products alongside its mutual fund business; a broader incumbent competing with ValueQuest in domestic AIF distribution.

TypeBroad incumbent
Description

Bank-affiliated alternative asset management arm of Kotak Mahindra, offering AIF and PE products in India — a much larger incumbent competing for the same UHNI/family-office AIF mandates.

TypeEmerging player
Description

Boutique India-focussed asset manager offering PMS and AIF products to UHNIs/family offices with concentrated, research-led equity strategies — closely comparable model to ValueQuest's PMS approach.

TypeBroad incumbent
Description

Large Indian AMC and PMS provider serving HNI/UHNI investors with equity-focused strategies; broader incumbent that competes with ValueQuest's PMS offerings for the same clientele.

TypeDirect peer
Description

India-focused private equity firm investing across advanced manufacturing, financial services and consumer — a peer to ValueQuest's domestic AIF/Tristar fund mandate within the Indian PE landscape.

TypeDirect peer
Description

India-focused wealth management and PMS business under the IIFL group, offering discretionary portfolio management to HNI/UHNI clients, overlapping with ValueQuest's target customer base.

TypeBroad incumbent
Description

One of India's largest AMCs offering PMS and alternatives through ICICI group platforms; a scaled competitor in the UHNI/wealth segment where ValueQuest distributes PMS.

TypeBroad incumbent
Description

India-focused investment bank and alternatives platform advising on PE/VC capital raising and managing funds; adjacent peer that overlaps with ValueQuest in UHNI PE deal sourcing.

TypeDirect peer
Description

Mumbai-headquartered PMS and AIF manager serving UHNIs, family offices and institutions with multiple long-only and alternatives strategies, comparable to ValueQuest's PMS/AIF product shelf.

TypeDirect peer
Description

India-based boutique PMS/AIF manager running concentrated, research-led public-equity portfolios for UHNIs and family offices — the closest direct peer to ValueQuest's PMS business model and client segment.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment11 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

ValueQuest Investment Advisiors

Alternative Investment Managementvaluequest.in

ValueQuest Investment Advisors is a SEBI-registered boutique alternative investment manager based in Mumbai, founded in 2010, managing ~$2.94 billion AUM across PMS, domestic AIF, and offshore AIF products for UHNIs, family offices, and institutions via concentrated, research-led strategies.

What ValueQuest Investment Advisiors does

ValueQuest Investment Advisors Private Limited is a SEBI-registered boutique alternative investment manager (Portfolio Manager registration INP000003724) headquartered in Mumbai, India. Founded in 2010 by Ravi Dharamshi (CIO) and Sameer Shah, the firm has a 15-year vintage of managing capital for ultra-high net worth individuals (UHNIs), family offices, and institutional clients. As of May 2026, it manages approximately ₹27,925 crore (~$2.94 billion) in assets across PMS, AIF, and Advisory mandates, served by a 34-member investment team. The firm is privately held, with no external parent company, and Aniket Dharamshi was elevated to Co-Founder & Managing Partner of the private equity business in March 2026.

The firm's product architecture spans public-market and private-market strategies. Public-market offerings include two PMS schemes (VQ Growth and VQ Platinum) and public-market AIFs (FasterCAP Fund I & II and the Inflexion Fund). Private-market offerings include the SCALE Fund I & II (Cat II-AIF, registration IN/AIF2/22-23/1156, winner of the IVCA Alternate Capital Excellence Awards 2024) and the Tristar Fund, a ₹2,000 crore PE vehicle raised in February 2026 that deploys into advanced manufacturing, aerospace, defence, and energy transition with cheque sizes of ₹150–400 crore across 8–12 companies. International investors are reached via offshore AIFs — the India G.I.F.T. Fund (GIFT City) and the India SCALE II Offshore Fund. Distribution is direct-to-client through WealthSpectrum portals and field sales, supported by content marketing (VQ Insights blog, YouTube, LinkedIn, Twitter/X) and the annual Inflexion Day event.

ValueQuest's investment process is described as research-led and concentrated, targeting high-conviction positions in both public and private equity. The firm claims consistent "high teen returns since inception" and an #InvestorFirst philosophy, with portfolio bets spanning Indian equities, energy transition plays (Jupiter International, Waaree Energy Storage), aerospace and defence (Rangsons Aerospace, defence PSUs), and technology (CoreEL Technologies, $30M Series B lead in December 2025). Revenue is generated primarily through AUM-based management fees on PMS and AIF products, with performance fees likely material in strong-return years given the firm's return profile.

ValueQuest Investment Advisiors firmographics

Firmographics
Name
ValueQuest Investment Advisiors
Legal name
ValueQuest Investment Advisors Private Limited
Website
https://www.valuequest.in/
Company type
Private
Founded year
2010
Operating status
Operating
Headcount range
11–50 employees
Short description
ValueQuest Investment Advisors is a SEBI-registered boutique alternative investment manager based in Mumbai, founded in 2010, managing ~$2.94 billion AUM across PMS, domestic AIF, and offshore AIF products for UHNIs, family offices, and institutions via concentrated, research-led strategies.
Ownership category
akta.pro rank

ValueQuest Investment Advisiors industry classification

Industry
Product category
Alternative Investment Management
NAICS
Portfolio Management and Investment Advice (523940)
SIC
Investment Advice (6282)
akta.pro primary industry
Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)
akta.pro secondary industry
Private Equity Buyout Fund-of-Funds (FSANAGAD)

Keywords

  • Portfolio Management Services
  • Alternative Investment Fund
  • Wealth Management
  • Investment Advisory
  • Private Equity Fund

Where ValueQuest Investment Advisiors is headquartered

Location

Headquarters

HQ city
Mumbai
HQ country
India
HQ region
Asia

Offices1 record

Markets served

ValueQuest Investment Advisiors business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

  1. AUM-based Management Fees: Revenue generated through management fees on assets under management across PMS (Portfolio Management Services) and AIF (Alternative Investment Fund) strategies covering public and private equity markets. The firm manages ₹27,925 crores (~$2.94 billion) across these strategies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

ValueQuest Investment Advisiors product offering

Product offering

Core offering

ValueQuest Investment Advisors is a SEBI-registered boutique alternative investment manager that offers Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) covering public and private equity markets. The firm manages discretionary and non-discretionary portfolios, including domestic AIFs, offshore AIFs, and PMS schemes, for ultra-high net worth individuals (UHNIs), family offices, and institutional clients.

Product overview

ValueQuest Investment Advisiors is a financial services firm offering alternative investment management with multiple product lines. The firm operates two primary Portfolio Management Services (PMS) products: VQ Growth and VQ Platinum for public market investments. For private markets, ValueQuest offers several AIF funds including SCALE Fund I & II (Cat II-AIF, won IVCA Award 2024) and Tristar Fund (Rs 2,000 crore PE fund targeting advanced manufacturing). Public market alternatives include FasterCAP Fund I & II and Inflexion Fund. Offshore offerings for international investors include the India G.I.F.T. Fund and India SCALE II Offshore Fund. The firm manages approximately ₹27,925 crore (~$2.94 billion) in AUM across these strategies.

Differentiator

Problem solved

Functional benefit

Brands

  • SCALE Fund: Private equity fund focused on growth investments in India, registered as Cat II-AIF with SEBI (IN/AIF2/22-23/1156)
  • Tristar Fund
  • FasterCAP Fund
  • VQ Growth
  • VQ Platinum
  • Inflexion Fund
  • India G.I.F.T. Fund
  • India SCALE II Offshore Fund

Products and services

  • VQ Growth A Portfolio Management Services (PMS) offering focused on growth investments, part of ValueQuest's public market strategies for qualified investors.
  • VQ Platinum
  • SCALE Fund I & II Domestic Alternative Investment Fund (AIF) focused on private market investments, registered as a Cat II-AIF with SEBI (registration IN/AIF2/22-23/1156). SCALE Fund won the IVCA Alternate Capital Excellence Awards 2024.
  • Tristar Fund A Rs 2,000 crore private equity fund focused on advanced manufacturing sectors including aerospace, defence, and energy transition, deploying across 8-12 companies with cheque sizes of Rs 150-400 crore each.
  • FasterCAP Fund I & II Public market alternative investment fund following ValueQuest's FasterCAP investing philosophy, offering capital appreciation potential to investors.
  • Inflexion Fund Public market fund focused on inflexion point investing strategies, targeting opportunities at transition points in business cycles.
  • India G.I.F.T. Fund Offshore AIF offering exposure to Indian equities through GIFT City platform for international investors seeking India exposure.
  • India SCALE II Offshore Fund Offshore alternative investment fund extending the SCALE Fund strategy to international investors seeking Indian private equity exposure.

Quantifiable outcome

  • High teen returns since inception

Companies that use ValueQuest Investment Advisiors

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

ValueQuest Investment Advisiors technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

ValueQuest Investment Advisiors partnerships and signals

Strategic signal

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

ValueQuest Investment Advisiors competitors and assessment

Company assessment

Broad incumbents

  • Sundaram Alternates: Indian asset manager offering PMS and AIF products alongside its mutual fund business; a broader incumbent competing with ValueQuest in domestic AIF distribution.
  • Kotak Alternate Asset Managers: Bank-affiliated alternative asset management arm of Kotak Mahindra, offering AIF and PE products in India — a much larger incumbent competing for the same UHNI/family-office AIF mandates.
  • Motilal Oswal Asset Management: Large Indian AMC and PMS provider serving HNI/UHNI investors with equity-focused strategies; broader incumbent that competes with ValueQuest's PMS offerings for the same clientele.
  • ICICI Prudential Asset Management: One of India's largest AMCs offering PMS and alternatives through ICICI group platforms; a scaled competitor in the UHNI/wealth segment where ValueQuest distributes PMS.
  • Avendus Capital: India-focused investment bank and alternatives platform advising on PE/VC capital raising and managing funds; adjacent peer that overlaps with ValueQuest in UHNI PE deal sourcing.

Emerging players

  • White Oak Capital Management: Boutique India-focussed asset manager offering PMS and AIF products to UHNIs/family offices with concentrated, research-led equity strategies — closely comparable model to ValueQuest's PMS approach.

Direct peers

  • ChrysCapital: India-focused private equity firm investing across advanced manufacturing, financial services and consumer — a peer to ValueQuest's domestic AIF/Tristar fund mandate within the Indian PE landscape.
  • IIFL Investment Managers: India-focused wealth management and PMS business under the IIFL group, offering discretionary portfolio management to HNI/UHNI clients, overlapping with ValueQuest's target customer base.
  • ASK Investment Managers: Mumbai-headquartered PMS and AIF manager serving UHNIs, family offices and institutions with multiple long-only and alternatives strategies, comparable to ValueQuest's PMS/AIF product shelf.
  • Marcellus Investment Managers: India-based boutique PMS/AIF manager running concentrated, research-led public-equity portfolios for UHNIs and family offices — the closest direct peer to ValueQuest's PMS business model and client segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

ValueQuest Investment Advisiors social profiles

Digital presence

ValueQuest Investment Advisiors financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ValueQuest Investment Advisiors leadership team

Management profile

Number of profiles

Profiles3 records

ValueQuest Investment Advisiors funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

ValueQuest Investment Advisiors M&A and investment

M&A and investment

M&A

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ValueQuest Investment Advisiors

What does ValueQuest Investment Advisiors do?

ValueQuest Investment Advisors is a SEBI-registered boutique alternative investment manager that offers Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) covering public and private equity markets. The firm manages discretionary and non-discretionary portfolios, including domestic AIFs, offshore AIFs, and PMS schemes, for ultra-high net worth individuals (UHNIs), family offices, and institutional clients.

Is ValueQuest Investment Advisiors a public or private company?

ValueQuest Investment Advisiors is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was ValueQuest Investment Advisiors founded?

ValueQuest Investment Advisiors was founded in 2010. It employs 11 to 50 people.

Where is ValueQuest Investment Advisiors based?

ValueQuest Investment Advisiors is headquartered in Mumbai, India, in the Asia region.

How does ValueQuest Investment Advisiors make money?

One revenue line is on record: AUM-based Management Fees.

Who are ValueQuest Investment Advisiors's main competitors?

Broad incumbents on record are Sundaram Alternates, Kotak Alternate Asset Managers, Motilal Oswal Asset Management, ICICI Prudential Asset Management and Avendus Capital. White Oak Capital Management is listed as an emerging player. Direct peers are ChrysCapital, IIFL Investment Managers, ASK Investment Managers and Marcellus Investment Managers.

Does ValueQuest Investment Advisiors have an API?

No public API is recorded for ValueQuest Investment Advisiors.

What industry is ValueQuest Investment Advisiors in?

ValueQuest Investment Advisiors's product category is Alternative Investment Management. Its primary akta.pro industry code is FSAAABAD, Advisory Portfolio Management (Non-Discretionary), with a secondary code of FSANAGAD, Private Equity Buyout Fund-of-Funds. Its NAICS code is 523940 and its SIC code is 6282.

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Live signals
Business News TodayAshish Gupta, former Axis AMC CIO, joins ValueQuest as Senior Managing Director- Moneycontrol.comAshish Gupta, former Axis AMC CIO, has been appointed Senior Managing Director and Head of Investments at ValueQuest Investment Advisors. He brings nearly three decades of experience, including his role at Credit Suisse. The appointment aims to strengthen ValueQuest's leadership as it expands across public and private markets.The Times of IndiaInvestors rush to fund solutions for India's AI power crunch - The Economic TimesVenture capital and private equity firms are increasingly funding energy transition startups in India to address power demands driven by AI growth. Indian venture funds including Kae Capital, TDK Ventures, Theia Capital, Capital-A, and private equity firm ValueQuest Investment Advisors are actively evaluating investment opportunities in the sector. The focus areas include clean energy, grid infrastructure, batteries, and industrial decarbonisation, with investors viewing India's energy transition solutions as potentially globally relevant.The Times of IndiaData centres, green hydrogen to drive 15-20 GW additional solar demand from FY29: ValueQuest, ETEnergyworldValueQuest Investment Advisors released a sector deep-dive report projecting that data centres, green hydrogen, and night-time connectivity will drive 15-20 GW of additional annual solar demand in India from FY29, with these demand drivers not currently reflected in mainstream forecasts.BusinessLineData centres, green hydrogen to drive 15-20 GW additional solar demand from FY29: ValueQuestValueQuest Investment Advisors published a sector report predicting that data centres, green hydrogen, and round-the-clock clean power demand will add 15-20 GW of additional annual solar demand in India from FY29, a figure not currently reflected in mainstream forecasts. The report highlights that India's solar market is now driven by four independent demand engines and that India installed around 45 GW of solar capacity in FY26, with deployment pace accelerating sharply from 11 years for the first 50 GW to just 14 months for the most recent 50 GW. The report also notes that India's solar demand may significantly exceed current estimates due to the growing shift toward storage-linked renewable projects like FDRE, RTC, and Solar+BESS.The TribuneData centres, green hydrogen to drive 15-20 GW additional solar demand from FY29: ValueQuestValueQuest Investment Advisors released a sector report projecting that data centres, green hydrogen, and round-the-clock clean power demand will add 15-20 GW of additional annual solar demand in India from FY29, drivers the firm says are absent from mainstream forecasts.The Times of IndiaNifty’s 2 pillars now facing structural headwinds: Ravi Dharamshi's warning on IT & consumption - The Economic TimesRavi Dharamshi, founder of ValueQuest Investment Advisors, has warned that India's Nifty50 index's two largest sectoral pillars—IT services and consumption—are facing structural headwinds beyond cyclical softness, with IT undergoing AI-led disruption and consumption affected as a second-order derivative of the same transition. He estimates that the ongoing geopolitical crisis could shave 3–4 percentage points off FY27 earnings growth, reducing expectations from 16–17% to approximately 12–13%, as crude oil prices have risen to around $90 from the Union Budget's assumption of $70. ValueQuest, which manages approximately Rs 24,000 crore in investor assets, has been repositioning capital away from IT and consumption toward energy transition, defence, aerospace, AI infrastructure enablers, and data centre-related plays.IncubeesPE fund ValueQuest raises Rs 1,500 Cr led by domestic LPs – IncubeesMumbai-based ValueQuest Investment Advisors has raised a Rs 1,500 crore private equity fund named ValueQuest Tristar, entirely denominated in rupees and targeted at advanced manufacturing sectors including aerospace, defense, and energy transition. The fund exceeded its target size and activated a Rs 500 crore greenshoe option, with plans to deploy capital within 18-24 months across 8-12 companies, investing Rs 150-400 crore per deal. ValueQuest stated that advanced manufacturing companies are increasingly tapping the IPO market, making this an opportune time to invest in the sector.The Times of IndiaValueQuest raises Rs 2,000 crore from domestic LPs with eye on advanced manufacturing growthValueQuest Investment Advisors is closing its Rs 2,000 crore private equity fund, ValueQuest Tristar, focused on advanced manufacturing sectors including aerospace, defence, and energy transition, having exceeded its original Rs 1,500 crore target and activated a Rs 500 crore greenshoe option. The fund plans to deploy capital across 8–12 companies with cheque sizes of Rs 150–400 crore each, targeting businesses with proven product-market fit and positive unit economics. The fund has already made investments in companies including Rangsons Aerospace, Waaree Energy Storage Solutions, and several defence public sector undertakings, and its managers cited India's potential need for Rs 2.5–10 lakh crore in manufacturing capex over the next decade.Business TodayWhy IT Services Still Don’t Make The Cut? Ravi Dharamshi Flags RisksRavi Dharamshi, Founder & CIO of ValueQuest Investment Advisors, explained on Market Masters why he remains cautious on traditional IT services companies despite sharp corrections and improved valuations. He highlighted slowing growth, sector maturity, and artificial intelligence as key disruption risks, noting that many IT firms lack proprietary platforms or IP-led products necessary for AI adaptation. Dharamshi stated that while acquisitions may offer short-term relief, sustainable long-term growth will depend on innovation and ownership of intellectual property.HrtodayHimanshoo Bohara Appointed as Chief Financial Officer at ValueQuest Investment AdvisorsValueQuest Investment Advisors, a boutique SEBI-registered portfolio management company based in Mumbai, has appointed Himanshoo Bohara as its new Chief Financial Officer, effective November 2025. Bohara brings over two decades of finance leadership experience, having previously served as Executive Director & CFO at PPFAS Mutual Fund and Group CFO at ASK Asset & Wealth Management. In his new role, he will oversee the firm's financial strategy, compliance frameworks, and fiscal governance as ValueQuest seeks to strengthen its operational foundation for sustainable growth.