INVEXA CAPITAL
INVEXA CAPITAL
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      • Investor Charter
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  • Home
  • About
    • About us
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  • Investment Philosophy
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  • Team
  • Resources
    • Investor Charter
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    • Investors Grievances
  • Blogs

About us

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.

Investment Philosophy

The investment team at  Invexa Capital specializes in combining macro insights & themes with bottom-up investing. We take concentrated investment positions.

Phase 1: Opportunity Identification

Phase 1: Opportunity Identification

Phase 1: Opportunity Identification

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.






Phase 2: Investments Decision

Phase 1: Opportunity Identification

Phase 1: Opportunity Identification

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.

Phase 3: Portfolio Management

Phase 1: Opportunity Identification

Phase 3: Portfolio Management

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. 

Our Team

Tushar Bohra

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.



Find more at Linkedin

Sumit Bhalotia

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)

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Siddharth Shah

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)

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Sunny Gosar

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)

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Ayushi M. Shah

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.

Find more at Linkedin

Media Resources

India Will Not Underperform 'The Party Has Just Begun' | Madhusudan Kela | Indian Stock Market

India Will Not Underperform 'The Party Has Just Begun' | Madhusudan Kela | Indian Stock Market

India Will Not Underperform 'The Party Has Just Begun' | Madhusudan Kela | Indian Stock Market

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)

Is it time to be overweight on pharma? | Tushar Bohra, MK Ventures

India Will Not Underperform 'The Party Has Just Begun' | Madhusudan Kela | Indian Stock Market

India Will Not Underperform 'The Party Has Just Begun' | Madhusudan Kela | Indian Stock Market

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)

Views on IT, Auto, PSU Banks and Share Markets

India Will Not Underperform 'The Party Has Just Begun' | Madhusudan Kela | Indian Stock Market

The market verdict and sectors to bet on after budget

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)

The market verdict and sectors to bet on after budget

The market verdict and sectors to bet on after budget

The market verdict and sectors to bet on after budget

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)

Market overview and Budget 2022

The market verdict and sectors to bet on after budget

Market overview and Budget 2022

Budget 2022 को लेकर क्या है Market Veteran Madhu Kela की राय 


Source : CNBC Awaas (Feb-22)

Market Reaction after Budget

The market verdict and sectors to bet on after budget

Market overview and Budget 2022

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)

Navigating through Uncertainity

Madhu Interviews mentor and ace investor Rakesh Jhunjhunwala

Madhu Interviews mentor and ace investor Rakesh Jhunjhunwala

Navigating through Uncertainity. Bloomberg Quint

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)

Madhu Interviews mentor and ace investor Rakesh Jhunjhunwala

Madhu Interviews mentor and ace investor Rakesh Jhunjhunwala

Madhu Interviews mentor and ace investor Rakesh Jhunjhunwala

Investor Rakesh Jhunjhunwala of Rare Enterprises and Madhusudan Kela of MK Ventures share their investment mantra 

Source : ET Now -( Feb-19)

Stock Market Learnings of Last 25 Years

Madhu Interviews mentor and ace investor Rakesh Jhunjhunwala

Madhu addresses ET Now Leaders Convlave as Special Guest

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)


Madhu addresses ET Now Leaders Convlave as Special Guest

Madhu addresses ET Now Leaders Convlave as Special Guest

Madhu addresses ET Now Leaders Convlave as Special Guest

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)

Market Veteren Madhu Kela

Madhu addresses ET Now Leaders Convlave as Special Guest

Zee Business Investor Education Forum

 Market Veteren Madhu Kela Bets on These Two Sectors 

Source : CNBC TV - 18 (Aug-18)

Zee Business Investor Education Forum

Madhu addresses ET Now Leaders Convlave as Special Guest

Zee Business Investor Education Forum

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)


Media Resources

Zee Business Investor Education Forum

Zee Business Investor Education Forum

Zee Business Investor Education Forum

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)


Madhu Kela's Midcap Mantra

Zee Business Investor Education Forum

Zee Business Investor Education Forum

 Madhu Kela's Midcap Mantra for Investors — Make Friends with Volatility 

Source : CNBC TV - 18  (Jun-18)

Make Volatility your friend

Zee Business Investor Education Forum

Make Volatility your friend

Madhu Kela, a market veteran, advised investors to take advantage of the volatility in the midcap market as the stock can be available between 40 and 60 percent.  

(Source CNBC 18 (Jun-18)

Get in touch with us

Invexa Capital

11th floor, Express Towers, Ramnath Goenka Marg, Nariman Point, Mumbai - 400021, Maharashtra, India

Phone : +91 22 6267 3701 Email : info@invexacapital.com

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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

Contact us


Phone    : +91 22 6267 3701


Email     : info@invexacapital.com


Website : www.invexacapital.com

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