Hunting for mispriced quality in Indian small & microcaps.
We specialise in finding asymmetric opportunities across three distinct market caps — each approached with a different discipline.
"Most of the returns available to a patient Indian investor don't live on the front page. They live in the small, boring, overlooked businesses that no one is writing about, until one day they are."
We don't work with everyone. A few long-term relationships, considered and unhurried, are worth more than many transactional ones.
Equity is ownership.
We do not trade. We do not time markets. We do not anticipate quarters. We attempt to be right about a handful of businesses and behave like owners for as long as the facts support that view.
Our edge is structural, not informational. It comes from where we look and from having the patience to wait.
This is where we spend the majority of our time. Large institutions structurally cannot own these names meaningfully the position size is either irrelevant to their fund or the market impact too great. That structural asymmetry is the single most persistent source of opportunity available to a patient Indian investor.
Smallcaps are efficient most of the time. But during cyclical sell-offs, excellent businesses trade at small-cap multiples. We participate with conviction when they do and only then.
Founder, Principal Adviser, and the person whose own money sits beside yours in every single position.
Founded VR Capital to manage the family office, as well as friends, unimpressed by the information and conflict of interest within the wealth management business in India, gives investment advise the way it was intended!
Indicatively ₹50 lakhs of investable capital. The threshold exists to ensure the advisory fee structure is economical for both parties.
Never. Every rupee stays in your own demat account at a broker of your choice. We provide recommendations; you execute. We have zero access to your capital at any point.
Minimum 3 years. Ideally 5+. Investors needing liquidity inside 3 years are not the right fit — and we'd tell you so upfront.
Because every rupee of ours rides in the same seat as yours , no custody, no benchmark only an operator hunting for the best businesses on earth in the corners of India before institutions, and holding them long enough for compounding to do what compounding does.
The structural differences are significant:
Because that is where the most persistent mispricing in Indian equity lives. These businesses are under-researched, too small for most institutional capital, and regularly priced for pessimism. For a patient investor, that is where the asymmetric opportunities sit.
While we do not publish results, an audited performance of the portfolio managed will be shared on request.
The first call is mutual where we try to understand your situation, and you assess whether we are a good steward to manage your wealth!