Powered by Ideas. Driven by Values.

ValueQuest Investment Advisors (VQ) is a leading boutique investment management firm, widely regarded for its research-first approach, disciplined investment philosophy, and deep alignment with investors’ interests. Founded by industry veterans Ravi Dharamshi and Sameer Shah, ValueQuest has built a multi-decade legacy of delivering consistent, market-beating returns across Portfolio Management Services (PMS), Alternative Investment Funds (AIFs), and bespoke mandates.

With a 34-member dedicated research team and a leadership group with over 25 years of experience, ValueQuest today manages more than ₹22,425 crore in assets, including mandates from sovereign wealth funds, global institutional investors, and India’s leading UHNW families

PMS AUM (in Rs. Cr)
4973

No. of PMS Products
3

No. of AIF Products
3

Data as of
31 Aug 2025

ValueQuest at a Glance

Founded Total AUM Team Strength Research Team Products Investor Base
2010 ₹22,425 crore (as of May 2025) 108 members 34 analysts & sector experts PMS, Category II & III AIFs, Private Market Funds 48% Global Institutions & Family Offices

Leadership Excellence

ValueQuest is helmed by some of India’s most respected fund managers:

Ravi-Dharmshi

Ravi Dharamshi
Founder & CIO

With 23 years of experience, I am a former lead at Rakesh Jhunjhunwala’s Rare Enterprises.

The leadership team has collectively managed multi-billion-dollar mandates for institutional investors, demonstrating a unique blend of global expertise and Indian market specialization

PMS Product Performance

Company Name /
Product Name		 Category Date of inception AUM 1y return 2y return 3y return 5y return 10y return Since inception return
ValueQuest Growth Scheme Multi Cap07 Oct 20101751-9.80%11.57%17.65%27.14%13.88%17.58%
ValueQuest Platinum Scheme Multi Cap24 Jul 20143222-8.33%15.12%18.79%30.62%18.61%19.32%

Investment Philosophy: The S.C.A.L.E. Framework

At the core of ValueQuest’s success is its proprietary S.C.A.L.E. framework, a disciplined process designed to identify scalable businesses at inflection points of growth.

S – Scalable Companies

Businesses with large addressable markets and multiple growth engines.

C – Competitive Advantage

Strong moats, governance, and balance sheet integrity

A – Adaptive

Agility to respond to technological and structural market shifts.

L – Long Runway

Sectors supported by strong macro and demographic trends.

E – Execution

Management teams with a proven track record of superior capital allocation.

This process-driven approach allows ValueQuest to consistently generate alpha by capturing trending inefficiencies in Indian markets

Strategies Across Public & Private Markets

ValueQuest offers a comprehensive suite of investment solutions for UHNWIs, Family Offices, and Institutional Investors:

1. Portfolio Management Services (PMS):

○ High-conviction, concentrated portfolios built for superior long-term compounding.
○ Flagship offerings like VQ Platinum PMS rank among India’s best-performing strategies over 10 years.

2. Alternative Investment Funds (AIFs)

○ Category II & III AIFs targeting scalable businesses in public and private markets.
○ Special thematic strategies in manufacturing, defence, energy transition, and consumption.

3. Private Equity & Co-Investments

○ Bespoke allocations to private market opportunities, including growth-stage investments and strategic special situations.

4. Advisory Mandates

○ Tailored investment solutions for sovereign funds, endowments, and UHNW families

Research-Driven DNA

ValueQuest’s edge comes from its deep-dive research culture:

Multi-Year Thematic Tracking

Early identification of megatrends such as energy transition, defence modernization, and financial inclusion.

Case-Study Approach

Proprietary sectoral deep dives and risk assessments.

High-Conviction Focus

Portfolios are built with 8–12 high-quality companies, ensuring active management and low churn.

Performance & Recognition

Awarded Top Rankings in PMS AIF WORLD 2025 Awards

○ #2 in 10-Year Absolute Returns (Small & Midcap PMS category)

○ #2 in Risk-Adjusted Returns over 10 Years

Proven Track Record

Over a decade of alpha generation, with flagship strategies consistently outperforming benchmarks like BSE 500 TRI VQ Platinum Deck – Jun ’25

Trusted by Global Institutions

Mandates from sovereign wealth funds and top-tier family offices reflect strong credibility.

Why Choose ValueQuest?

Investor-First Approach

Significant “skin in the game” with founders investing alongside clients.

Global-Grade Governance

Processes built to serve sophisticated institutional investors.

Diverse Product Suite

Access to public equity, private markets, and thematic strategies under one research philosophy.

Sectoral Expertise

Leadership in identifying inflection points across industries.

About PMS AIF World

PMS AIF WORLD is India’s leading data-driven wealth management platform, curating only high-quality PMS and AIF managers. Our rigorous due diligence, performance analytics, and governance-first approach help investors make informed decisions when selecting managers like ValueQuest Investment Advisors.

Content Reviewed by: Mr Kamal Manocha ( CEO and Chief Strategist).

All PMS performance data used on this page has been sourced from the official Association of Portfolio Managers in India (APMI) portal.

Verified at: https://www.apmiindia.org/apmi/welcomeiaperformance.htm?action=PMSmenu

PMS Product Performance

Company Name /
Product Name		 Date of inception AUM 1y return 2y return 3y return 5y return 10y return Since inception return
ValueQuest Growth Scheme 07 Oct 20101751-9.80%11.57%17.65%27.14%13.88%17.58%
ValueQuest Platinum Scheme 24 Jul 20143222-8.33%15.12%18.79%30.62%18.61%19.32%

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Products

ValueQuest Investment Advisors
ValueQuest Tristar Fund
ValueQuest Investment Advisors
ValueQuest S.C.A.L.E. Fund II – CAT II AIF
ValueQuest Investment Advisors
ValueQuest India Inflexion Fund – CAT III AIF
ValueQuest Investment Advisors
ValueQuest Investment Advisors- Agile Scheme PMS
ValueQuest Investment Advisors
ValueQuest Growth Scheme PMS
ValueQuest Investment Advisors
ValueQuest Platinum Scheme PMS