Equentis Wealth Advisory Services Limited

About Equentis Wealth Advisory Services Limited

Equentis Wealth Advisory Services Limited is the legal entity behind Equentis's regulated investment-management activities. The company was incorporated in 2015 and has its registered office at A603, Marathon Futurex, Mafatlal Mills Compound, N M Joshi Marg, Lower Parel East, Mumbai, Maharashtra. Its Corporate Identification Number is U74999MH2015PLC262812.

The history of the Equentis business predates the incorporation of the current legal entity. Manish Goel established Equentis in 2009, with the business initially focused on equity markets, investment research and investor-oriented financial services. The 2015 incorporation represents the legal-entity history, while 2009 marks the beginning of the founder-led Equentis business.

The company's activities have since expanded across multiple regulated investment services. Its PMS business provides professionally managed equity portfolios, while its separate Investment Adviser registration covers advisory activities. Equentis also acts as Investment Manager to its AIF structures. These activities are distinct from one another from a regulatory and product-structure perspective.

Equentis describes its investment philosophy around long-term investing, clarity, compounding and disciplined execution. Technology is another important part of its platform, with the company using its proprietary Alphabet quant engine to support research and stock analysis.

Equentis at a Glance: Founder, PMS AUM and SEBI Registrations

The ₹121.31 crore PMS AUM and 181 clients figures relate specifically to Equentis's PMS business as of 31 July 2026. They should not be presented as consolidated company-wide AUM because Equentis also operates investment advisory and AIF activities.

Equentis Portfolio Management and Investment Management Capabilities

Equentis operates across three distinct investment-related areas: PMS, Investment Adviser services and AIF investment management.

Its PMS business is regulated under INP000008969 and provides portfolio management for investors seeking professionally managed portfolios. The current PMS platform is built around equity-oriented approaches, with Equentis's website presently displaying Multi-Cap and Concentrated Portfolio strategies.

Investors looking to understand the broader structure of portfolio management services can also refer to ALTPORT's dedicated resource on portfolio management services.

The company's Investment Adviser activity is governed separately by INA000003874. This distinction is important because an Investment Adviser registration and a Portfolio Manager registration represent different regulated activities. Equentis should therefore not be described as holding one combined licence covering all of its services.

At the alternative-investment level, Equentis Wealth Advisory Services Limited acts as Investment Manager to Equentis Angel Fund, a Category I AIF structured as an Angel Fund, and Equentis Alternative Growth Fund, a Category II AIF. These AIF roles are separate from the company's PMS activity.

The result is an investment-management platform that combines portfolio management, research, advisory capabilities and alternative investments while maintaining separate regulatory identities for each activity.

Equentis Investment Research and Technology-Driven Approach

Research forms a significant part of the Equentis investment process. The platform combines fundamental equity research, financial analysis, quantitative screening and technology to study listed companies and identify businesses for further investment evaluation.

A key technology component is the proprietary Alphabet quant engine. Equentis states that its in-house Quant Engine uses 300+ algorithms to support research-based stock analysis. The technology is intended to help process and evaluate market data and assist the investment research process.

The Alphabet engine is best understood as a research and screening layer rather than a standalone investment decision-maker. It can help narrow the listed universe and surface companies for deeper analysis, while the wider investment process involves human research and assessment.

The research approach can broadly be understood through the following stages:

Equentis also highlights technology as part of its broader investment platform, alongside long-term investing, clarity and disciplined decision-making. The Alphabet engine therefore complements rather than replaces the fundamental research process.

Equentis PMS Strategies and Portfolio Management Approaches

The current Equentis PMS page displays two strategies: Multi-Cap Portfolio and Concentrated Portfolio. The company describes the Multi-Cap approach as a bottom-up equity portfolio spanning sectors and market-cap segments, while the Concentrated Portfolio is positioned around a more focused equity approach.

Investors can explore the dedicated Equentis Multi Cap Portfolio PMS page for strategy-specific information.

The Equentis Concentrated Portfolio PMS page provides the corresponding product-level information for the concentrated approach.

The Equentis Special Opportunities Portfolio PMS can be reviewed separately. Since the current official Equentis PMS page displays two strategies, Special Opportunities should not automatically be presented as a currently open or actively marketed PMS without fresh verification.

Manish Goel, Parvati Rai and the Equentis Investment Team

Manish Goel is the Founder and Managing Director of Equentis Wealth Advisory Services Limited. He established the Equentis business in 2009 and has a professional background spanning finance, company law and international trade and finance. Equentis's published profile describes his experience in finance roles across Europe and the UK before establishing the business in India.

At the investment-management level, Parvati Rai is associated with Equentis's PMS investment and research function. She is identified in industry PMS information as a fund manager and has a research-oriented professional background.

For readers researching the investment team, the dedicated Parvati Rai profile can provide more detailed information once the page is live.

The wider Equentis organisation also includes dedicated professionals across PMS, compliance, technology, finance and operations. Its current published leadership information lists Nimish Thaker as Associate Director – PMS, Rakesh Gupta as Chief Operations & Compliance Officer, and Jaspreet Singh as Chief Investment Officer.

In the regulatory function, Sandeep Rajpurohit is identified as the PMS Compliance Officer and Investor Relations Officer, while Rakesh Gupta is associated with compliance for the Investment Adviser business.

Equentis SEBI Registrations and Regulatory Framework

Equentis Wealth Advisory Services Limited operates under separate SEBI registrations for its different regulated activities.

PMS Registration — INP000008969

Equentis is registered with SEBI as a Non-Individual Portfolio Manager under INP000008969. The current registration is shown as valid from September 9, 2024, on a perpetual basis, subject to applicable regulatory requirements.

This registration covers the company's Portfolio Management Services business.

Investment Adviser Registration — INA000003874

Separately, Equentis holds Investment Adviser registration INA000003874. It is a non-individual registration that has been valid since December 8, 2015, on a perpetual basis. Manish Goel is identified as the Principal Officer for the IA business, while Rakesh Gupta is listed as its Compliance Officer.

AIF Investment Management

Equentis is also an Investment Manager to two AIF structures identified in its current regulatory information:

• Equentis Angel Fund — Category I AIF, Venture Capital Fund – Angel Fund; SEBI Registration No. IN/AIF1/23-24/1419
• Equentis Alternative Growth Fund — Category II AIF; SEBI Registration No. IN/AIF2/25-26/1838

Thus, Equentis PMS, Equentis Investment Adviser and Equentis AIF should be treated as separate regulated activities within the same legal entity.

Equentis PMS AUM, Client Base and Investment Platform

As of 31 July 2026, Equentis Wealth Advisory Services Limited had ₹121.31 crore in PMS AUM across 181 PMS clients, according to PMS industry data.

This figure provides a snapshot of the size of the company's PMS platform at that date. It does not represent Equentis's total assets across all businesses, nor should it be used as an indicator of the performance of any individual PMS strategy.

For investors comparing investment managers, the company-level AUM and client count are useful for understanding platform scale, while strategy-level research should be carried out on the respective PMS pages.

Equentis Wealth Advisory Services Limited: Key Takeaways

Equentis Wealth Advisory Services Limited brings several investment activities together under a single legal entity, with separate regulatory registrations and mandates.

• PMS: SEBI-registered Portfolio Manager under INP000008969.
• Investment Adviser: Separate registration under INA000003874.
• AIF Management: Investment Manager to Equentis Angel Fund and Equentis Alternative Growth Fund.
• Research: Fundamental equity research combined with quantitative analysis and financial data.
• Technology: Proprietary Alphabet quant engine using 300+ algorithms as a research and screening tool.
• Founder: Manish Goel, Founder and Managing Director.
• PMS investment function: Parvati Rai is associated with the PMS fund-management and research function.
• PMS platform size: ₹121.31 crore PMS AUM and 181 clients as of 31 July 2026.
• Current PMS display: Multi-Cap Portfolio and Concentrated Portfolio are the two strategies currently displayed on Equentis's PMS website.

Investors can also use ALTPORT's explainer on PMS vs AIF vs mutual funds to understand how these investment structures differ.

Explore Equentis PMS on ALTPORT

Investors researching Equentis can move from the company profile to individual strategy pages for product-specific information:

• Equentis Multi Cap Portfolio PMS
• Equentis Concentrated Portfolio PMS
• Equentis Special Opportunities Portfolio PMS
• Parvati Rai

For the latest PMS documents or strategy information, investors can request the latest PMS details from ALTPORT.