ValueQuest
ValueQuest Group is a Mumbai-based investment management firm managing ~$2.8 billion in AUM across public and private markets, with a PE platform deploying growth capital into Indian aerospace, defence, energy transition, precision engineering, and infrastructure companies.
- Company typePrivate
- Founded2022
- HeadquartersWädenswil, Switzerland
- Headcount1–10
- GTM typeB2B
- OfferingServices
What ValueQuest does
ValueQuest Group is a Mumbai-based investment management firm operating a multi-strategy alternatives platform across public and private markets. The firm manages approximately $2.8 billion in total assets and runs a dedicated private equity platform launched in 2022 that oversees more than $650 million in commitments and co-investments.
ValueQuest deploys capital through specialized fund vehicles including the ValueQuest S.C.A.L.E. Fund II, which targets growth-stage companies in infrastructure-adjacent sectors (airports, renewable energy, semiconductors, metro rail, data centers, warehousing), and the ValueQuest Tristar Fund, a thematic vehicle focused on aerospace, defence, energy transition, and precision engineering in India. The Tristar Fund scaled from a Rs 1,500 crore domestic LP target to a Rs 2,000 crore corpus via a Rs 500 crore greenshoe activation. Recent lead investments include a $30 million Series B in CoreEL Technologies (defence electronics, December 2025), Rs 100 crore in MTandT Rentals (aerial work platforms, March 2026), and portfolio positions in Rangsons Aerospace, Waaree Energy Storage Solutions, and Jupiter International.
ValueQuest's business model is built on management and performance fees charged on committed and deployed capital, with revenue scaling as funds invest and exit. The firm is led by Aniket Dharamshi, recently elevated to Co-founder and Managing Partner of the PE business. The operating geography is concentrated in India, with portfolio companies also participating in international aerospace and defence projects.
ValueQuest firmographics
Firmographics- Name
- ValueQuest
- Website
- https://valuequest.ch
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ValueQuest Group is a Mumbai-based investment management firm managing ~$2.8 billion in AUM across public and private markets, with a PE platform deploying growth capital into Indian aerospace, defence, energy transition, precision engineering, and infrastructure companies.
- Ownership category
- akta.pro rank
ValueQuest industry classification
Industry- Product category
- Private Equity Investment Management
- NAICS
- Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- akta.pro primary industry
- Private Equity Buyout Fund-of-Funds (FSANAGAD)
Keywords
Where ValueQuest is headquartered
LocationHeadquarters
- HQ city
- Wädenswil
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
ValueQuest business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
ValueQuest product offering
Product offeringCore offering
ValueQuest is a Mumbai-based independent investment management firm that operates a multi-fund private equity platform providing growth capital to industrial and infrastructure companies in India. The firm reportedly manages approximately $2.8 billion in assets under management across public and private markets through dedicated sector-focused fund vehicles.
Product overview
ValueQuest is a Mumbai-based investment management firm operating as a unified platform with multiple private equity fund products. The firm manages approximately $2.8 billion across public and private markets through three main offerings: the S.C.A.L.E. Fund II for growth-stage investments across diverse infrastructure and industrial sectors; the Tristar Fund focused specifically on aerospace, defence, energy transition, and precision engineering; and the broader private equity platform that coordinates commitments and co-investments. The funds source deal flow and provide capital to portfolio companies in targeted sectors including airports, renewable energy, semiconductors, metro rail, data centers, warehousing, aerospace, and defence.
Differentiator
Problem solved
Functional benefit
Brands
- ValueQuest S.C.A.L.E. Fund II: Investment fund focused on growth-stage companies
- ValueQuest Tristar Fund
Products and services
- ValueQuest S.C.A.L.E. Fund II Private equity fund providing growth capital to industrial and infrastructure companies within the ValueQuest platform.
- ValueQuest Tristar Fund Private equity fund focused on growth-stage investments in aerospace, defence, energy transition, and precision engineering sectors.
- ValueQuest Private Equity Platform Unified private equity platform launched in 2022 that oversees more than $650 million in assets across the firm's dedicated sector-focused fund vehicles.
Companies that use ValueQuest
Customer profileIdeal customer profiles1 record
ValueQuest technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ValueQuest partnerships and signals
Strategic signalScale indicators4 records
Recent moves6 records
Expansion highlights5 records
ValueQuest competitors and assessment
Company assessmentDirect peers
- Norwest Venture Partners (India): Global growth equity firm with significant India presence, investing in growth-stage companies across technology, healthcare, and industrial sectors. Comparable to ValueQuest as a growth-stage PE sponsor with multi-sector thematic focus.
- ChrysCapital: One of India's longest-tenured PE firms, investing growth-stage capital across diversified sectors. Comparable as an Indian growth-equity sponsor with multi-fund platform and significant domestic LP base, similar in model to ValueQuest.
- Kedaara Capital: India-focused growth and buyout PE firm investing in consumer, financial services, healthcare, and industrial businesses. Directly comparable as an India-centric PE sponsor with sector specializations and growth-stage cheque sizes similar to ValueQuest's.
Emerging players
- Asha Impact: India-focused PE/impact investing platform backing growth-stage companies in healthcare, financial inclusion, and sustainability themes. Comparable as an India-based emerging PE platform with thematic sector focus similar to ValueQuest.
Broad incumbents
- ICICI Venture: One of India's largest domestic PE managers, operating multiple funds across growth, buyout, and venture. Comparable as a multi-fund India PE platform with established LP relationships, although significantly larger and broader than ValueQuest.
- Carlyle (India): Global PE firm with long-standing India franchise investing across consumer, industrial, financial services, and infrastructure. Comparable as a competing global sponsor in the same India industrial/aerospace/defence opportunity set.
- Bain Capital (India): Global alternative asset manager with significant India operations across PE, venture, and credit. Comparable as a large global sponsor competing for similar industrial and growth-stage deals in India.
- Warburg Pincus (India): Global growth equity firm with deep India presence across financial services, technology, and industrials. Comparable as a growth-stage-focused global sponsor active in the same Indian industrial sectors.
- TPG (India): Global alternative asset manager with India operations across growth, climate, and impact strategies. Comparable as a global sponsor with thematic India mandates overlapping ValueQuest's energy transition and industrial focus.
- KKR (India): Global alternative asset manager with large India PE platform investing across infrastructure, industrials, and growth equity. Comparable as a global incumbent competing for similar Indian industrial/defence/energy transition deals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
ValueQuest social profiles
Digital presenceValueQuest financial estimates
Financial estimateRevenue estimate
Valuation estimate
ValueQuest leadership team
Management profileNumber of profiles
Profiles1 record
ValueQuest funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ValueQuest M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ValueQuest
What does ValueQuest do?
ValueQuest is a Mumbai-based independent investment management firm that operates a multi-fund private equity platform providing growth capital to industrial and infrastructure companies in India. The firm reportedly manages approximately $2.8 billion in assets under management across public and private markets through dedicated sector-focused fund vehicles.
Is ValueQuest a public or private company?
ValueQuest is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was ValueQuest founded?
ValueQuest was founded in 2022. It employs 1 to 10 people.
Where is ValueQuest based?
ValueQuest is headquartered in Wädenswil, Switzerland, in the Europe region.
Who are ValueQuest's main competitors?
Direct peers on record are Norwest Venture Partners (India), ChrysCapital and Kedaara Capital. Asha Impact is listed as an emerging player. Broad incumbents are ICICI Venture, Carlyle (India), Bain Capital (India), Warburg Pincus (India), TPG (India) and KKR (India).
Does ValueQuest have an API?
No public API is recorded for ValueQuest.
What industry is ValueQuest in?
ValueQuest's product category is Private Equity Investment Management. Its primary akta.pro industry code is FSANAGAD, Private Equity Buyout Fund-of-Funds. Its NAICS code is 5259.