We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Laburnum Capital is an India-focused public equities investment manager with a value orientation, a culture of deep research, and a long-term approach to compounding capital.
India Opportunity: Large and diverse publicly listed universe offers compelling investment opportunities, especially outside the frontline names. Value Orientation: Focus on appraising intrinsic value on a bottom-up, absolute value basis, and buying with a margin of safety. Deep Research: Strong research capabilities and a culture that prioritizes having the deepest possible understanding of the companies in which we are invested. Fundamentals-based Investing: Investments based on analyses of company fundamentals, not market sentiment, liquidity flows, or macroeconomic theses. Value Discipline: Enter at a discount to intrinsic value - "great businesses at fair prices" or "good businesses at great prices". Focus on absolute value and factor in qualitative aspects in appraising value. Diligence: Intensive, proprietary diligence process including extensive scuttlebutt. Alignment: High alignment with investors in fee structure and in the Portfolio Manager's personal investment in the fund. Long-term Orientation: Invest with a view to hold positions for several years. Discipline: Ensure a margin of safety in entry price and exit when this margin erodes.
Pavan Ahluwalia
Managing Director
Founder and portfolio manager at Laburnum since 2010. Previously covered India and parts of non-Japan Asia for Old Lane, a $5 billion hedge fund based in New York. Prior experience includes strategy consulting at McKinsey & Company in New York and Mumbai, and a stint at the International Monetary Fund in Washington D.C. Holds an MBA from Stanford Graduate School of Business, an MPAID from Harvard University’s John F Kennedy School of Government, and an AB in Economics from Princeton University.
Anant Jalan
Director, Research
Prior to Laburnum, served as Portfolio Manager for $250 million Emerging Opportunities and Strategic Portfolios at ASK, a $5 billion Indian asset management company. Spent 10 years covering India for Goldman Sachs Investment Partners, a $8 billion hedge fund based in New York. Graduated summa cum laude from the University of Pennsylvania with dual degrees from the Wharton School and the School of Engineering & Applied Sciences.
Varun Madhok
Chief Financial Officer
Responsible for finance, operational and compliance related activities at Laburnum. Previously worked at J.P. Morgan’s Global Special Opportunities Group focusing on investment opportunities in India. Prior experience includes investment banking at J.P. Morgan in Mumbai and New York. Holds an MBA from IIM Kozhikode and an undergraduate degree in Economics from University of Delhi.
Rohan Tibrawalla
Director, Business Development
Previously worked as Country Director (India) for MPOWER Financing, a US-based student lender. Prior roles include CFO for a start-up retail apparel brand in India and investment banking analyst at J.P. Morgan in New York. Graduated from The Wharton School of the University of Pennsylvania with a B.Sc. in Economics.
No insights published yet.
Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.