Does Hiren Ved manage Alchemy Leaders of Tomorrow?

Yes. Hiren Ved is identified as Fund Manager for Alchemy Leaders of Tomorrow, with Himani Shah serving as Co-Fund Manager.

Does Hiren Ved manage Alchemy Select Stock PMS?

Yes. Hiren Ved is identified as the Fund Manager of Alchemy Select Stock PMS, where the investment approach is based on active, fundamental equity research and stock selection.

Which Alchemy AIFs are managed by Hiren Ved?

Hiren Ved is associated as Fund Manager with Alchemy AIF strategies including Alchemy Leaders of Tomorrow, Alchemy Emerging Leaders of Tomorrow, Alchemy Emerging Leaders of Tomorrow Series 2 and Alchemy Long Term Ventures Fund, subject to the current scheme-level management structure and documentation.

Which PMS strategy does Hiren Ved manage?

Hiren Ved is identified as Fund Manager for Alchemy Select Stock PMS and Alchemy Leaders of Tomorrow, among the Alchemy PMS strategies with which he is currently associated.

What is Hiren Ved's approach to stock selection?

His approach centres on bottom-up research and detailed evaluation of individual companies. Factors such as business quality, growth potential, management, competitive position, sector dynamics and valuation can form part of the investment assessment.

What is Hiren Ved's investment philosophy?

Hiren Ved's investment philosophy focuses on bottom-up fundamental research, long-term investing, business quality, management quality and valuation discipline. The approach seeks to understand businesses and their long-term prospects rather than relying primarily on short-term market movements.

When did Hiren Ved co-found Alchemy Capital Management?

Hiren Ved co-founded Alchemy Capital Management in 1999. He has subsequently led the firm's Asset Management business and currently serves as its Director and CIO.

How much experience does Hiren Ved have in Indian equity markets?

Hiren Ved has more than three decades of experience in Indian equity markets. His professional equity-market career began in 1991, giving him experience across multiple market cycles and different areas of equity research and investment management.

What is Hiren Ved's role at Alchemy Capital Management?

Hiren Ved currently serves as Director & Chief Investment Officer (CIO) at Alchemy Capital Management. He leads the firm's Asset Management business and provides investment leadership across its asset-management activities.

What is Hiren Ved known for as an equity fund manager?

Hiren Ved is known for his long experience in Indian equity markets and his emphasis on bottom-up fundamental research, stock selection, business quality, management assessment and long-term investing. His career spans equity research, investment banking and asset-management leadership.

Hiren Ved | CIO & Fund Manager, Alchemy Capital

Q: What are Hiren Ved's educational qualifications?

Hiren Ved holds a graduate degree in Accounting from Mumbai University and a post-graduation in Management & Cost Accounting from The Institute of Cost Accountants of India.

Hiren Ved

Hiren Ved, an equity market veteran, serves as the Director & CIO at Alchemy Capital Management where he has been leading the firm’s Asset Management business. With over 30 years of experience in the Indian equities market, Hiren has developed a sustainable long-term investment philosophy based on fundamental research. He is known for his deep sector knowledge, bottom-up research skills and stock picking abilities. He holds a graduate degree in Accounting from Mumbai University and a post-graduation in Management & Cost Accounting from The Institute of Cost Accountants of India.

Director & Chief Investment Officer (CIO), Alchemy Capital Management | Co-Founder | Equity Fund Manager

Hiren Ved is the Director and Chief Investment Officer (CIO) of Alchemy Capital Management and co-founded the firm in 1999. With more than three decades of experience in Indian equity markets, he leads the firm's Asset Management business and brings extensive experience in equity research, stock selection and portfolio management. His investment approach is rooted in bottom-up fundamental research, long-term investing, business quality and valuation discipline.

About Hiren Ved

Hiren Ved is an experienced Indian equity-market professional and the co-founder of Alchemy Capital Management. He currently serves as Director & Chief Investment Officer (CIO) and leads the firm's Asset Management business.

His career in the equity markets began in 1991 with KR Choksey & Co., where he started as an analyst and progressed to become Head of Research. This early experience established his foundation in bottom-up fundamental research and sector analysis.

In 1994, Hiren joined Prime Securities, where he worked as an investment analyst before becoming Head of Equities. His responsibilities included evaluating listed and private equity opportunities within the firm's internal treasury investments.

After observing multiple market cycles over more than three decades, Hiren has developed a long-term investment philosophy centred on understanding businesses, evaluating management quality and maintaining discipline around valuation.

Hiren co-founded Alchemy Capital Management in 1999 and continues to provide investment leadership across the firm's asset-management activities.

Education and Professional Qualifications

Hiren Ved holds a graduate degree in Accounting from Mumbai University and a post-graduation in Management & Cost Accounting from The Institute of Cost Accountants of India.

His academic background in accounting and management has complemented his professional experience in equity research, portfolio management and investment analysis. Over the course of his career, his work has focused primarily on Indian listed equities, fundamental research and long-term investment opportunities.

Hiren Ved Career Timeline

Period	Career Milestone
1991	Began his equity-market career with KR Choksey & Co. as an analyst.
1991–1994	Progressed to Head of Research, developing expertise in bottom-up research and sector analysis.
1994	Joined Prime Securities as an investment analyst.
Subsequent period	Became Head of Equities at Prime Securities, overseeing listed and private equity investments within internal treasury portfolios.
1999	Co-founded Alchemy Capital Management.
Current	Serves as Director & Chief Investment Officer (CIO), leading Alchemy's Asset Management business.

The timeline reflects publicly available career information. Specific historical responsibilities and product-level appointments can change over time and should be distinguished from Hiren Ved's current firm-level role.

Hiren Ved Investment Philosophy and Research Approach

Hiren Ved's investment philosophy is based on bottom-up fundamental research and long-term investing. Rather than focusing exclusively on short-term market movements, the approach seeks to understand the underlying economics of a business and the factors that can influence its value over an extended period.

Several principles are central to this approach:

Bottom-up stock selection: The investment process focuses on analysing individual companies and their underlying businesses rather than relying solely on broad market or sector calls.

Business quality: Understanding a company's competitive position, scalability, business model and ability to generate sustainable returns forms an important part of fundamental analysis.

Management quality: Management capability, governance, capital allocation and the quality of decision-making can influence the long-term prospects of a business.

Sector knowledge: Hiren's experience across multiple market cycles has contributed to a broad understanding of Indian industries and their evolving competitive dynamics.

Valuation discipline: A strong business may not necessarily represent an attractive investment at every price. Valuation therefore remains an important consideration when assessing potential investments.

Long-term perspective: The philosophy places emphasis on the underlying investment thesis and the potential for businesses to create value over time rather than attempting to predict every short-term market movement.

This research-led approach is consistent with Alchemy's broader focus on fundamental investing, while individual products may use different portfolio-construction methods and investment processes.

Funds and Strategies Managed by Hiren Ved

Hiren Ved has been associated with several Alchemy strategies across PMS and AIF structures. Current scheme-level responsibilities should always be checked against the latest product documentation.

Alchemy Select Stock PMS

Hiren Ved is the Fund Manager of Alchemy Select Stock PMS, an actively managed equity strategy based on fundamental research and stock selection.

Explore Alchemy Select Stock

Alchemy Leaders of Tomorrow

Hiren Ved is the Fund Manager, with Himani Shah as Co-Fund Manager, for Alchemy Leaders of Tomorrow. The strategy focuses on identifying opportunities across Indian equities using a fundamental investment approach.

Explore Alchemy Leaders of Tomorrow

Alchemy Leaders of Tomorrow — Closed Ended Fund, Series 3

Hiren Ved is identified as Fund Manager, with Himani Shah as Co-Fund Manager, for Alchemy Leaders of Tomorrow — Closed Ended Fund, Series 3.

This strategy should be treated separately from currently available open-ended or active products, and its status should be verified from the latest scheme documentation before being presented as available for investment.

Alchemy Emerging Leaders of Tomorrow

Hiren Ved is associated with the fund as Fund Manager, with Mythili Balakrishnan as Co-Fund Manager. The strategy focuses on emerging businesses and long-term growth opportunities within Indian equities.

Alchemy Emerging Leaders of Tomorrow — Series 2

Hiren Ved is identified as Fund Manager, with Mythili Balakrishnan as Co-Fund Manager, for Alchemy Emerging Leaders of Tomorrow, Series 2.

Alchemy Long Term Ventures Fund

Hiren Ved is associated with Alchemy Long Term Ventures Fund as Fund Manager, with Mythili Balakrishnan as Co-Fund Manager. The strategy provides an additional vehicle for pursuing long-term investment opportunities through Alchemy's AIF platform.

Product availability, scheme status and manager responsibilities can change. Investors should refer to the latest applicable product documents before making any investment decision.

Explore Funds Managed by Hiren Ved

Explore the current Alchemy strategies associated with Hiren Ved to review their individual mandates, investment approaches and applicable product information.

View Funds Managed or Request Fund Details for the latest product documentation. Scheme availability, fund-manager responsibilities, fees, minimum investments and other terms are subject to change and should be verified from the latest applicable documents.