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Magadh Capital keeps investors’ interests at the centre of everything it does. The PMS invests in Indian listed equity markets using a blend of conventional fundamental research and behavioural finance. Its investors include HNIs, family offices, corporates, financial institutions and NRIs. Inspired by the ancient Magadh empire—known for deep thinking, knowledge, execution and risk mitigation—the firm integrates wisdom, solid execution and prudent risk management into its investment philosophy and process.
Magadh Capital operates on three pillars: integrity and transparency across fund management and operations with strong alignment of managers’ interests with investors; research and knowledge as guiding principles for stock selection, portfolio construction and risk management; and simplicity in stock selection and portfolio management. The investment framework blends growth and value styles, combining bottom-up and top-down research, DCF-based valuation, qualitative and quantitative analysis, and contrarian opportunities where justified. Risk management focuses on avoiding permanent capital erosion and poor long-term returns rather than short-term volatility, with emphasis on probability assessment and mitigation of key risk factors.
Vipul Prasad
CEO / Designated Partner
Vipul Prasad has over twenty years of experience in Indian equity markets and has been fund manager at Magadh Capital PMS since August 2021. He earlier managed Magadh Capital’s Category III AIF long-only equity fund. His prior experience includes equity research roles at Morgan Stanley, ABN Amro and Motilal Oswal, including serving as Executive Director at Morgan Stanley India equity research. He holds an MBA (PGDM, Finance) from IIM Calcutta and a B.Tech in Mechanical Engineering from IIT BHU, Varanasi.
Vivek Prasad
Designated Partner
Vivek Prasad brings over twenty-five years of experience across entrepreneurship, marketing, equipment trading and general management. He has held leadership roles at Tata International, Marubeni Corp (India subsidiary) and Bausch & Lomb. He holds an MBA from NMIMS, Mumbai and a B.Tech in Mechanical Engineering.
Purnendra Kishore
Director
Purnendra Kishore (PK) has over two and a half decades of experience across financial services, family offices, edtech, technology and EPC sectors. He has held CXO roles and led business incubation, scaling and M&A initiatives. His experience includes L&T, SAP, HP, Compaq and others. He holds a B.Tech from IIT BHU and an MBA (PGDBM) from IIM Calcutta, where he received the IIM Calcutta Gold Medal and Roll of Honour.
Tejas Shigwan
Senior Investment Analyst
Tejas Shigwan joined Magadh Capital in 2021 and has over 7 years of experience in financial services. Previously associated with Axis Securities and Kotak Securities, he holds an MBA in Finance from ICFAI University. He specializes in fundamental equity research, portfolio management and risk assessment, with focus on mid-cap and small-cap stocks.
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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.
Rajesh Kumar Sahu
Compliance Officer
Rajesh Kumar Sahu holds an MBA in Finance from IBS, Mumbai and has nearly 2 years of industry experience. He previously worked as Assistant Manager at ICICI Securities Limited. He also holds a bachelor’s degree in Mathematics from Utkal University and oversees compliance functions at Magadh Capital PMS.
Jayesh Hotchandani
Investment Associate
Jayesh Hotchandani holds a B.Com from H.R. College of Commerce and Economics and is a CFA candidate. He previously worked at Accenture India as a Transaction Processing Associate and holds the NISM Series 15 Research Analyst Certificate. At Magadh Capital, he supports fundamental equity research, earnings modelling and stock idea generation.