Chanakya Capital Services Private Limited is a Mumbai-based portfolio management company focused on equity investing through Portfolio Management Services (PMS). The company was incorporated in 2008, while its PMS activity received regulatory approval in June 2018 and its Chanakya Multi-Cap strategy dates from August 2018. Its current positioning centres on research-driven, concentrated equity portfolios and long-term investing.
About Chanakya Capital Services Private Limited
Chanakya Capital Services operates as a SEBI-registered Portfolio Manager serving investors through discretionary equity PMS. Its current public positioning focuses on high-conviction investing, fundamental research and concentrated portfolios, with an emphasis on understanding businesses and their management rather than simply replicating an index.
The legal entity was incorporated on 25 April 2008 in Mumbai. The company received approval to conduct Portfolio Management Services on 26 June 2018, with the Chanakya Multi-Cap strategy subsequently commencing on 13 August 2018.
The firm's investment approach combines qualitative assessment of management and business characteristics with valuation-based analysis. Its current team includes professionals with backgrounds spanning equity research, portfolio management, banking, credit and institutional investing.
Chanakya Capital SEBI Registration and Company Snapshot
| Particular | Details |
| Legal name | Chanakya Capital Services Private Limited |
| Entity type | Private Limited Company |
| CIN | U67100MH2008PTC181591 |
| Incorporation date | 25 April 2008 |
| Registered office | F-115, Nahar & Seth Industrial Estate, Next to P&G Plaza, B D Chakala Road, Andheri (E), Mumbai – 400099 |
| PMS registration | INP000006040 |
| PMS approval | 26 June 2018 |
| PMS strategy inception | 13 August 2018 |
| Primary PMS strategy | Chanakya Multi-Cap |
| PMS segment | Discretionary Equity |
The company's legal incorporation and PMS-registration dates are different: the company itself dates to 2008, while its Portfolio Management Services business was approved in 2018.
Chanakya Capital's Investment Approach
Chanakya Capital's investment philosophy is centred on fundamental, first-principles equity research. The firm states that it studies the quality of management and combines qualitative business assessment with discounted cash-flow valuation. A key part of the process is the concept of margin of safety—the strategy disclosure indicates that a company may be excluded when the valuation does not provide an adequate margin of safety.
The firm's broader investment process considers business quality, management characteristics, competitive positioning, long-term cash flows and valuation. Its current public material also describes a concentrated approach and proprietary processes for portfolio construction and market timing. These mechanisms are strategy-specific and should not be interpreted as guarantees of performance.
Chanakya Capital PMS Strategies
| Strategy | Type | Mandate / Approach |
| Chanakya Multi-Cap | Discretionary Equity PMS | Multi-cap equity strategy using fundamental research, management assessment, DCF valuation and margin-of-safety discipline. |
The Chanakya Multi-Cap strategy is the PMS strategy currently identified in APMI's investment-approach database. It is benchmarked against the Nifty 50 TRI, has a minimum investment of ₹50 lakh and commenced on 13 August 2018.
Minimum Investment and How to Invest
The minimum investment for Chanakya Multi-Cap is ₹50 lakh, consistent with the applicable PMS minimum investment threshold. APMI currently records the strategy as a discretionary equity PMS with a ₹50 lakh minimum.
The strategy's currently disclosed fee structure comprises a 1.5% fixed AMC charge, along with a variable fee structure featuring an 8% hurdle and 20% profit-sharing component. APMI currently reports no exit load. Investors should verify the latest fee schedule and applicable terms before onboarding, as commercial terms can change.
Onboarding involves the standard PMS account-opening, KYC and documentation process applicable to the investor and mandate. The precise mechanics for funding, securities transfer and account operation should be confirmed during onboarding.
Meet the Investment Team
Rajesh Tiwari — CIO & Principal Officer
Rajesh Tiwari has more than three decades of experience across banking, equity and debt investments. He previously spent several years at UTI and later held senior credit responsibilities at UTI/Axis Bank. He holds a PGDM from IIM Ahmedabad and a PhD in Finance from the University of North Texas.
Gautami Desai — Fund Manager & COO
Gautami Desai has more than two decades of experience in equity investments, including extensive experience in equity research and fund management at UTI. She holds a BE in Electronics and a Master's in Management Studies from Mumbai University.
Broader Investment & Research Team
The current team also includes professionals across investments, equity research, compliance and business development, including Varsha Valecha, Venkat, Vivek Jain and Avish Bhansali. Their responsibilities span investment research, institutional fundraising, compliance, valuation and financial analysis.