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Investing in the Indian public markets with a private equity mindset.
Managed by New Mark Capital
Complex or leveraged strategies — long-short, hedge-fund-style and quant funds. Often open-ended, within SEBI leverage limits.
We are a Mumbai based investment management and advisory firm with a single minded focus — superior long term compounding of capital. We invest in the Indian public markets with a private equity mindset. We are focused on good quality, growth oriented, small and mid-sized companies run by outstanding entrepreneurs and teams. We aspire to build a high quality investment management firm.
Mr. Niten Malhan
Founder
Niten Malhan is the founder of New Mark Advisors LLP. Prior to founding New Mark Advisors LLP in April 2018, he was the managing director and co-head of India at Warburg Pincus India Private Limited (“Warburg Pincus”), a global private equity firm. Niten joined Warburg Pincus in 2001 and became a partner at the firm in 2007. In 2012, he was appointed the co-head of the India business, co-leading a team of 15 investment professionals and a portfolio of over $3 billion in value. Between 2012 and 2017, Niten was also a member of the global executive management group of the firm. Niten has also served as the vice-chairman of the Indian Venture Capital and Private Equity Association. Prior to joining Warburg Pincus, he worked as director of business development at Stratum 8 and as an engagement manager at McKinsey & Company across India, South East Asia and Boston. He has served on the boards of several investee companies including Alliance Tire Company, AVTEC, Cleanmax Solar, DB Corp, Diligent Power Private Limited, Embassy Industrial Parks, Havells India Limited, Laurus Labs, Lemon Tree Hotels, Metropolis Healthcare Limited and Sintex Industries Limited. Niten studied Computer Science & Engineering at Indian Institute of Technology, New Delhi, and completed his Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad.
Mr. Nihar Shah
Vice President
Nihar Shah joined New Mark Advisors LLP in October 2018. Prior to joining New Mark Advisors LLP, Nihar was a senior analyst at First Voyager Advisors Pvt. Ltd., which advised the US $500 million TVF Fund investing in Indian public equity markets. Prior to First Voyager Advisors, he spent 8 years as a Lead Analyst covering technology, media, telecom and retail sectors at ENAM Holdings Pvt. Ltd. Before that, he worked in investment banking across India and the United States with ENAM Securities Ltd. and Jefferies & Co. Inc. Nihar completed his Bachelor’s in Business Administration with concentrations in Finance and Entrepreneurship from Carnegie Mellon University and received his MBA with distinction from INSEAD in 2008.
Mr. Vivek Tulshyan
Vice President
Vivek Tulshyan joined New Mark Advisors LLP in May 2018. Prior to joining New Mark Advisors LLP, Vivek was a Vice President at Creador Advisors advising a US$900 mn South East Asia Private Equity Fund, making investments across listed and unlisted companies in Consumer, Healthcare and Manufacturing sectors in India. Prior to that, he worked in Investment Banking at Edelweiss Financial Services and JP Morgan Chase. Vivek completed his Bachelor’s in Management Studies from Narsee Monjee College, Mumbai and his Post Graduate Program in Management from Indian School of Business, Hyderabad.
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Mr. Piyush Chandak
Vice President
Piyush Chandak joined New Mark Advisors LLP in August 2022. Prior to joining New Mark Advisors LLP, Piyush was the Portfolio Manager for public equities at Miras Management, Dubai ($5 bn+ family office) investing in Indian and global listed equities. Before that, he spent over a decade investing at Altavista Capital, Gaja Capital and consulting at McKinsey & Company. Piyush completed his Bachelors and Masters in Mechanical Engineering at Indian Institute of Technology, Bombay followed by his Post Graduate Diploma in Management at Indian Institute of Management, Bangalore.

Mr. Yash Jhaveri
Assistant Vice President - Finance
Yash Jhaveri joined New Mark Advisors LLP in June 2024. Prior to joining New Mark Advisors LLP, Yash was an associate with AUM Ventures and Wami Capital advising on venture capital investments in India. He previously spent over 7 years at KPMG as a regulatory and tax advisor, working with domestic and foreign companies, family offices and HNIs on fund setup, investment structuring, transaction advisory and tax due diligence across SEBI regulations, exchange control regulations and tax laws. Yash is a Chartered Accountant, holds a Bachelor of Laws from Government Law College, Mumbai and a Bachelor of Commerce from H.R. College, Mumbai.

Ms. Kavita Chaudhari
Manager – Admin
Kavita Chaudhari joined New Mark Advisors LLP in June 2022. Prior to joining New Mark Advisors LLP, Kavita worked as Administration Manager at Sharekhan By BNP Paribas and previously spent over a decade in Administration and Infrastructure Management roles at Thakral Services, Tyco International and Reliance Communications. Kavita completed her Engineering Diploma in Electronics Production and Maintenance from DOEACC Centre (Aurangabad) and her Bachelor’s in Business Administration (Retailing) from Jaipur National University (Jaipur).
View the investment manager profile with all PMS strategies and AIFs under New Mark Capital.