About Company
Negen Capital Services Pvt Ltd
Negen Capital PMS was launched in November 2017. Negen is predominantly a small cap and midcap focused pms with a keen interest in identifying value investing opportunities via special situations like demergers and Spin offs and has reached the AUM INR 500 Cr. as on April 2023, having a post fee 3 years CAGR of 56%+. The objective of Negen Capital Special Situations PMS is to create consistent profits for clients in all market conditions, through values of professionalism, transparency, and safety.
Negen Capital Services Pvt Ltd is an investment management firm that differentiates itself by combining special situation investing with a structural technology-led growth bias.
Investment Philosophy
Negen Capital’s core philosophy is rooted in identifying asymmetric opportunities where the potential upside significantly outweighs the downside. They avoid traditional "value traps" (cheap stocks that stay cheap because their time has passed) and instead focus on businesses undergoing structural changes.
Their strategy rests on three primary pillars:
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Special Situations (The Value Component): Rather than generic value investing, they seek companies with identifiable "triggers." They focus on events such as:
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Demergers and Spin-offs: Unlocking latent value in corporate structures.
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Promoter Changes: Identifying companies where new leadership brings a sharper focus and improved governance.
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Other Corporate Actions: Such as restructurings or capital allocation changes.
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Technology-Led Growth (The Growth Component): They believe profit pools are shifting from traditional industries to technology-driven businesses. They invest in platform companies and tech-enabled businesses that exhibit strong cash flow, high return on capital, and scalability.
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Risk Management & Discipline:
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Conservative Tilt: They actively avoid cyclical sectors and Public Sector Undertakings (PSUs).
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Cash Flexibility: The firm is known for maintaining significant cash positions when market conditions are uncertain to preserve capital.
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Portfolio Refreshing: They frequently rotate out of stocks that no longer meet their thesis to avoid holding stagnant assets.
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Neil Bahal
Negen Capital was founded by ‘Neil Bahal’ in June 2007. Negen Capital has vast exposure to Capital Market dealings, and Directors of Negen Capital have been investors for more than 2 decades and have good experience in research and analytical processes. Negen Capital started as a sub-broker to provide securities dealing services to retail clients. Negen Capital forayed into Portfolio Management Services (SEBI registration: INP000005414) in 2017. In December 2021 CRISIL and PMS Bazaar awarded Negen Capital PMS with a 5-star rating in the multi-cap category based on an independent market study. Negen Capital follows a focused investment strategy on Special Situations & Technology Investments.
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