Invexa Capital is an India focused boutique investment vehicle set up by seasoned Indian Investor Madhusudan Kela (better known as Madhu), with a focus on identifying and executing differentiated investment bets straddling across sectors, themes and asset classes. We are size agnostic and generally prefer concentrated, medium term bets (2-4 years would a sweet spot).
About Madhusudan Kela (Madhu)
Madhusudan Kela (Madhu), the founder of Invexa Capital, is one of the most eminent and seasoned investors in the Indian Capital Markets. In a long and highly successful career spanning three decades, Madhu has received several prestigious accolades for his investing acumen - including the Best Equity Fund Manager from the Prime Minister of India.
Prior to starting Invexa Capital, Madhu, in his earlier stint at Reliance Group, built and led a team of over 40 investment professionals to create and manage the India's largest Asset Management Company by Total AUM.
Madhu is one of the most prominent voices in Indian Equities. He is an important invitee to strategic industry forums, leadership media panels and policy think tanks, and known for candidly sharing his views on a host of macro, policy, thematic and investment related events. He is also a part of the Investment Committee at SIDBI, a member on the Boards of various companies - including Aptech Ltd and Reliance Securities.
Known for his passion and love for investing, Madhu seeks the same passion and hunger to win in the entrepreneurs and individuals he backs.
The investment team at Invexa Capital specializes in combining macro insights & themes with bottom-up investing. We take concentrated investment positions.
Focused on absolute, risk adjusted return
Theme Identification:
Identify big growth themes and special situations for both tactical and long-term investments.
Bottom-up Construct:
Within the identified theme, we filter out companies with better risk adjusted return characteristics. We use a combination of proprietary sector models, earnings / balance sheet analysis tools, risk assessment frameworks to further narrow the field for investment.
Quality of Management:
this forms the bedrock of our investing philosophy. We look out for entrepreneurs with passion and a hunger to win. The individual must demonstrate both vision and execution capabilities. Our firm belief is that a good horse is still not winnable unless combined with a good jockey.
Quality of Business:
runway for sustainable growth, capital allocation decisions, investment into IP, comparison of key operating metrics against industry benchmarks, scalability potential and right to win incremental market share / business share etc. are some of the points we look out for.
Growth Drivers:
Assessment and mapping out of key catalysts and immediate triggers for both the company and the stock.
Bet Sizing. Collaborative Assessment
Get the Expert Involved:
Over the last 3 decades, Madhu (and the team) has built a strong set of relationships with experts across every sector and domain, capability area. MK Ventures leverages on these relationships to get highest levels of access to multiple expert minds within the chosen sector / domain, to complement and reinforce our own thought process on the potential investment candidates. We have perfected and internalised this approach over the last several years, thereby creating our own differentiated investment style.
Ecosystem Approach:
Every successful company, by default, builds a strong ecosystem around it. No company can succeed in isolation. We build our analysis on this maxim, to try and evaluate the company’s position and importance in the value chain, and take feedback from multiple stakeholders connected to it – both internal (employees) and external - suppliers / clients / trade channels / competitors / existing investors etc.
Multiple Assessment Lenses:
Using the above approaches of internal assessment and collaborative assessment, allows us to potentially evaluate the company from every conceivable angle before taking the final investment / position sizing decision. The multiple expert lenses help to reduce the risk and to set up an asymmetric risk reward investment.
Execution Success and Monitoring
Valuation & Value Creation
We seek attractive entry points rather than chasing the idea. And wherever possible, we align other strategic investors and the experts with us in the process, ensuring we benefit from partnership with stakeholders that are highly motivated for the company to succeed.
Monitoring:
Expert team now in place to guide, advise, accelerate and monitor investment to ensure substantial growth and best risk reward outcomes are achieved
Exit Strategy:
We map out very clearly the key triggers for the investment on either positive or negative side and have well defined exit strategies for both tactical and long-term investments.
Tushar has 13+ years of cross-functional, cross-industry work-experience (7 years in Consulting, 6+ years in Investing). Prior to joining Invexa Capital , Tushar was AVP – Investments at Reliance Capital Ltd. Previously, he also worked at Accenture Management Consulting and Tata Consultancy Services Ltd. Tushar holds a BE (Electronics & Telecommunications) from Mumbai University and an MBA (PGDM) from the Indian Institute of Management Calcutta, which is ranked amongst the top 3 business schools in India. Besides investing, Tushar is also very passionate about writing, and maintains his own blog. He has also authored a book, available on Amazon Kindle.
Sumit has over 12 years of experience across the financial services, oil & gas, telecom and IT. He has been working closely with Madhu for the last 9 years focusing on identifying long-term wealth creators and fine tuning the process behind it. Prior to joining MK Ventures, Sumit was AVP – Investments at Reliance Capital Ltd. He has also worked at CRISIL, IOCL and Cognizant Technology as an ERP consultant. He holds degrees in MBA (Finance), CFA, and BTech (Computer science)
Siddharth Shah has 12 years of experience in equity research and fund management. Besides listed equities, he also has a deep understanding of private equity, structured credit and real estate investments. Prior to joining MK Ventures, Siddharth was AVP – Investments at Reliance Capital Ltd and Director at Reliance Corporate Advisory Services Ltd. He has also worked at ICRA Ltd and Kotak Securities Ltd. He holds degrees in MBA (Finance), CFA, FRM and BE (Electronic & Communications)
Sunny Gosar has 7 years of experience in equity research and management consulting. Prior to joining MK Ventures, Sunny was an equity analyst at Reliance Capital Ltd. He has also worked at Universal Consulting and is a Chartered Accountant (CA) and Chartered Financial Analyst (CFA)
Compliance Officer
Ayushi has over 4 years of experience in handling Compliance, Secretarial and Corporate Governance Functions. Prior to joining Invexa Capital LLP, Ayushi was the Company Secretary for J.V. Gokal And Company Private Limited where she was responsible for overseeing all aspects of Regulatory Compliances related to J.V. Gokal and its Group Companies. While working at Inspirigence Advisors LLP, a Consulting firm based in Mumbai, she handled Regulatory and Secretarial Compliances of Alternative Investment Funds, Portfolio Managers and Investment Advisors. She has been successful in receiving all the three licenses from Securities and Exchange Board of India(SEBI) for their clients. In addition to this she also has experience in handling Secretarial Audits and Due Diligence of Companies, Secretarial Compliance of various Listed, Unlisted, Private Companies and LLP’s, Legal Drafting, Annual Filing, Incorporation of Companies and LLP’s, Filing FCGPR AND FLA Returns with RBI along with a Compounding Application to RBI.
Ayushi has also been an active Member of the Rotaract International District 3141 holding various positions. Ayushi is an Associate member of the Institute of Company Secretaries of India and holds a Post Graduate degree in Commerce from University of Mumbai along with being a French Professional having completed Level B1 from Alliance Française de Bombay.
Speaking to ET NOW, Market veteran Madhusudan Kela discussed why India is doing so well and if there is a possibility that India can start underperforming in the next 3 to 6 months due to changes in macro factors. He further spoke about International investors' position in India, the pharma sector performance and also stated that in a long-term view there is no bearish case one can make about India. Source : ETNOW. (Oct-22)
Tushar Bohra, Co-founder & Fund Manager at MK Ventures is selectively bullish on pharma companies after 6 years of neutral view. He is bullish on companies investing in Specialty businesses. According to him, large cap companies like Sun Pharma, Divis are doing very well. India business of companies is very strong across the board. So is it time for investors to be overweight on pharma stocks? Watch as he discusses with Ayesha Faridi and Nayantara Rai on ET NOW’s Closing Trades.
Source : ETNOW. (Aug-22)
MK Ventures के को फाउंडर, तुषार बोहरा (Tushar Bohra) ने आज मौजूदा तनाव के बीच Share Market में Nivesh, IT, ऑटो, PSU बैंकों स्टॉक पर अपनी राय ET Now Swadesh के साथ खास बातचीत दी में। उन्होंने बताया मौजदा समय में कौन से शेयर खरीदें, कौन से शेयरों से दूर रहें? इसके अलावा उन्होंने FIIs की बिकवाली और भी चर्चा की। बाजार में कौन-से बड़े ट्रिगर? निवेश के लिहाज से IT कैसा सेक्टर? बैंकिंग सेक्टर में कहां हैं मौके? कौन से शेयर खरीदें, कौन से शेयरों से दूर रहें?
Source : ET Now Swadesh (Mar-22)
Market Veteran Madhusudan Kela said this was an extremely well-balanced Budget. Govt has been taken into account the economy still needs support. India has managed its fiscal situation exceptionally well. He believes that, unlike last year, this year, the CAPEX will happen. The best part of the budget is credibility in budgeted numbers
Source : ET Now (Feb-22)
दिग्गजों की नजर में कैसा रहा बजट? बाजार के दिग्गजों का सबसे बड़ा पैनल अनिल सिंघवी के साथ दिग्गज एक्सपर्ट्स बजट के 'फाइन प्रिंट्स' में क्या है? जानिए बजट के 'अंदर की बात'
Source : Zee Business (Feb-22)
There is a fear psychosis in the markets and that’s providing opportunities to investors, according to veteran stock picker and fund manager Madhusudan Kela
Source : BloombergQuint (Oct-19)
Investor Rakesh Jhunjhunwala of Rare Enterprises and Madhusudan Kela of MK Ventures share their investment mantra
Source : ET Now -( Feb-19)
Madhu Kela gets candid and shares his experience and learning from stock markets..... he rightly states that he came to market just to make money and not to be right all the time (Nov-18)
Leaders of Tomorrow Conclave & Awards, Madhusudan Kela, Founder of MK Ventures, talks about the key ways of being a successful company and more.
Source : ET Now - (Oct 18)
Zee Business Nivesh ki Pathshala with Zee Business' Managing Editor Anil Singhvi and also know the advice of different expert's on mutual fund investment, key rules before making any investment.
Source : NDTV - (Jul-18)
Zee Business Nivesh ki Pathshala with Zee Business' Managing Editor Anil Singhvi and also know the advice of different expert's on mutual fund investment, key rules before making any investment.
Source : NDTV - (Jul-18)
11th floor, Express Towers, Ramnath Goenka Marg, Nariman Point, Mumbai - 400021, Maharashtra, India
Phone : +91 22 6267 3701 Email : info@invexacapital.com
CIN : AAS - 3781
SEBI Investment Adviser
Registration No. : INA000018443
Compliance Officer Details
Ayushi M. Shah
Phone No : +91 22 6267 3701
: +91 98 3349 5336
For Queries / Grievances -
Email - compliance@invexacapital.com
ADDRESS :
Registered address :
151A, Mittal Court, A-wing,
15th floor, Nariman Point,
Mumbai - 400021
Correspondance address :
11th floor, Express Tower,
Nariman Point,
Mumbai - 400021
Invexa Capital LLP
11th floor, Express Towers, Ramnath Goenka Marg, Nariman Point, Mumbai, Maharashtra, India
Copyright © 2021 Invexa Capital LLP - All Rights Reserved.