QICAP MANAGEMENT PRIVATE LIMITED

What QICAP MANAGEMENT PRIVATE LIMITED does

QiCap Management Private Limited is a boutique, SEBI-regulated investment advisory and discretionary portfolio management firm headquartered at GIFT City (Gandhi Nagar, Gujarat, India), serving high net-worth individuals, ultra-high-net-worth individuals, and family offices on a referral-only basis. The firm operates two regulated lines of business: a non-individual SEBI Investment Advisor registration (INA000019239 with BASL Membership 2174) covering multi-asset mandates across public and private markets, and a SEBI Portfolio Manager registration (INP000009621) offering discretionary PMS with a ₹50 Lakh minimum ticket and hybrid fixed/performance-linked fees. Distribution is intentionally restricted: client acquisition is exclusively by referral, with strict confidentiality and dedicated relationship managers, complemented by digital-first paperless KYC onboarding, real-time portfolio dashboards, and an authenticated client portal. The firm is led by Abhishek Mitruka (Principal Officer/CEO, IIT Kharagpur B.Tech + M.Tech in Computer Science and IIM Ahmedabad PGDM, NISM XA/XB) and Sandeep Ahuja (Compliance Officer, MSc Finance, NISM Series III-A).

The firm's investment platform is built on proprietary quantitative models and systematic frameworks that combine multi-signal decision inputs across public equities, equity derivatives, debt instruments, structured notes, SPVs, AIFs, SIFs, and alternative co-investment vehicles (real estate yielders, unlisted opportunities, VC pools). Risk is managed through a dedicated governance function, an algo audit function, dynamic hedging models, position-sizing and sector-exposure limits, and a liquidity screen; the firm also holds ISO/IEC 27001:2022 certification from GCAI Certification Services LLP for its information security management system. Functional deliverables to clients span Equity & Quant strategies (alpha-oriented, long/short, volatility harvesting), structured notes and SPVs with capital-protected and exotic payoffs, tax-optimized debt advisory and private credit, and a family-portfolio-consolidation/risk-overlay layer addressing succession and multi-generational wealth objectives.

Commercially, QiCap generates recurring revenue through two streams: (i) subscription-style investment advisory mandates spanning multi-asset allocation, structured products, and alternatives; and (ii) discretionary PMS mandates at minimum ₹50 Lakhs, with fee flexibility scaling with allocation size. The firm deliberately limits customer concentration risk through referral segmentation across domestic HNIs, UHNWIs, family offices, NRI/offshore investors, and institutional segments, though operating disclosures (incorporation 2026, no disclosed AUM, no funding history, two-person executive surface) indicate the franchise is still in early build. The GIFT City platform and IFSB positioning, combined with the NRI/offshore onboarding channel and structured-product capabilities, suggest longer-term ambition for cross-border distribution and a full-stack private-credit/structured-credit franchise.

Name

QICAP MANAGEMENT PRIVATE LIMITED

Legal name

QiCap Management Private Limited

Website

https://qicapmanagement.com

Company type

Private

Founded year

2026

Operating status

Operating

Short description

QiCap Management Private Limited is a SEBI-registered boutique investment advisor and portfolio manager headquartered in GIFT City, India, offering multi-asset advisory and discretionary PMS services to HNIs, UHNWIs, and family offices on a referral-only basis.

Ownership category

akta.pro rank

Product category

Investment Advisory

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

akta.pro secondary industries

Private Client/High-Net-Worth Advisory (FSAEAAAN), Onshore Private Banking (Domestic HNW/UHNW) (FSAAABAA), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Boutique investment advisory
• Portfolio management services
• Wealth management
• Multi-asset advisory
• Family office services

Headquarters

HQ city

Gandhi Nagar

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Advisory Services: SEBI-registered investment advisory services for sophisticated investors including multi-asset allocation, equity & quant strategies, structured notes, debt advisory, and alternatives
2. Portfolio Management Services (PMS): Individually managed portfolios for HNIs, family offices, and institutional investors. Minimum investment of ₹50 Lakhs with both fixed and performance-linked fee structures

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels1 record

Core offering

QiCap Management Private Limited is a SEBI-registered boutique investment advisor offering investment advisory and Portfolio Management Services (PMS) to HNIs, UHNWIs, and family offices. The firm manages wealth across equity, quantitative strategies, structured notes, debt, and alternative asset classes, providing each client with a dedicated relationship manager.

Product overview

QICAP MANAGEMENT PRIVATE LIMITED operates as a boutique SEBI-registered investment advisor and portfolio manager serving HNIs, UHNWIs, and family offices. The company offers two core service lines: (1) Investment Advisory — providing multi-asset allocation across public and private markets, including equity & quant strategies, structured notes & SPVs, debt advisory, and alternatives; and (2) Portfolio Management Services (PMS) — a SEBI-registered discretionary portfolio management offering with multi-asset strategies, real-time dashboards, and digital-first onboarding. Both offerings are backed by proprietary quantitative models and a dedicated compliance team, unified under a client-first philosophy focused on wealth preservation and generation.

Differentiator

Problem solved

Functional benefit

Brands

• QiCap Portfolio Management Services (PMS): Portfolio Management Services designed for High Net-Worth Individuals (HNIs), Family Offices, and Institutional Investors, offering multi-asset strategies with minimum investment of ₹50 Lakhs.

Products and services

• Investment Advisory SEBI-registered investment advisory providing personalized, multi-asset investment advice on equity, quantitative strategies, structured notes, debt, and alternatives, with each client supported by a dedicated relationship manager.
• Portfolio Management Services (PMS) SEBI-registered Portfolio Management Service that manages client portfolios across equity, quantitative strategies, structured notes, debt, and alternative asset classes, designed for HNIs, UHNWIs, and family offices seeking institutional-quality portfolio management.

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Entrust Family Office: Boutique multi-family office serving Indian business families with consolidated portfolio management, succession planning and alternative investments. Direct competitor in the family-office advisory niche.
• Validus Wealth: India-focused wealth manager offering curated PMS, multi-asset advisory and concierge service to UHNWI clients. Comparable boutique positioning, ticket-size focus and personalization approach.
• Sanctum Wealth: Boutique private wealth and PMS firm catering to HNIs and family offices in India. Overlaps with QiCap in discretionary portfolio management, multi-asset strategies and high-touch relationship model.
• ASK Wealth Advisors: Boutique private wealth manager providing multi-family office and portfolio management services to UHNWIs and family offices in India. Closely aligned business model to QiCap's PMS + family portfolio consolidation offering.
• Waterfield Advisors: Multi-family office serving UHNWIs and business families in India with cross-asset advisory, alternatives access and consolidated reporting. Directly comparable boutique family-office peer with similar target client profile.
• Wodehouse Capital Advisors: Boutique Indian wealth advisory and family-office firm offering multi-asset portfolio management to UHNWIs. Comparable boutique scale, target segment and high-touch relationship-led distribution model.

Broad incumbents

• Anand Rathi Wealth: Listed Indian wealth manager offering financial planning and PMS to HNIs and family offices. Directly comparable in HNI-focused multi-asset advisory but with significantly larger AUM and distribution footprint.
• 360 ONE Wealth (formerly IIFL Wealth): India's largest listed private wealth manager serving HNIs, UHNWIs and family offices with multi-asset advisory and PMS. Direct overlap with QiCap's core proposition, but at far greater scale and product breadth, making it the most established benchmark peer.
• Motilal Oswal Wealth Management: Wealth management arm of Motilal Oswal group offering PMS and advisory to HNIs in India. Comparable in product offering (PMS, equity strategies, structured products) but backed by a much larger broking parent.

Emerging players

• Negen Capital: Boutique SEBI-registered PMS and AIF manager focusing on quant and alternative strategies for sophisticated investors. Strong overlap with QiCap's quant-led, multi-asset proposition, particularly on the alpha-oriented equity and structured strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about QICAP MANAGEMENT PRIVATE LIMITED