CARNELIAN CONTRA PORTFOLIO STRATEGY

Vikas Khemani is Co-Founder and CEO of Carnelian Asset Management. A Chartered Accountant, CFA Charterholder, and Company Secretary with ~27 years of capital markets experience, he founded Carnelian in 2019 after 17 years as CEO of Edelweiss Securities, where he built institutional equities, investment banking, and equity research businesses to market leadership. He is a Member of CII National Council on Corporate Governance, FICCI Capital Markets Committee, and the Young Presidents Organization (YPO).

Manoj Bahety is Co-Founder of Carnelian Asset Management. A CA and CFA Charterholder with ~27 years of capital markets experience, he was Deputy Head of Institutional Equity Research and pioneered forensic research at Edelweiss Securities (12 years). He created 'Analysis Beyond Consensus' (ABC Research) — a differentiated forensic framework to evaluate true economic numbers behind reported financials, helping investors avoid pitfalls. He has chaired CFA Institute's India advocacy committee and served on the US-based global CDPC committee.

Swati Khemani is Co-Founder of Carnelian Asset Management with 23 years of financial experience across equity research, institutional sales, client relationships, and human capital management. She manages the overall business and capital management at Carnelian, and has been instrumental in building the firm's cohesive investment management team and investor and corporate relationships.