ActiveAlpha Group is a financial services and asset management organization focused on investments, advisory and asset management. The Group consist of several verticals involved in different business lines.

ActiveAlpha Advisors

ActiveAlpha Advisors provides financial consultancy services to companies, investment funds and others who require help in analyzing strategic opportunities, assessing risks and identifying sources of capital. The team has worked with companies across industries to help transform their businesses and has identified numerous investment opportunities.
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ActiveAlpha Capital

ActiveAlpha Capital has invested in a range of businesses across the Indian sub-continent. ActiveAlpha invests in companies where it can work in partnership with senior management teams to create value for all stakeholders. The team attempts to create alpha returns for its investors by being actively involved in each investment. Our approach is to implement fundamental changes in the businesses to improve the earnings and growth trajectory of its businesses. ActiveAlpha represents numerous international investors who are keen to invest in India.
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ActiveAlpha Global

ActiveAlpha Global is a Fund of Funds offering to global investors keen to have access to different fund options in the US and Europe. ActiveAlpha Global leverages its deep relationships with fund managers in the developed markets to gain access to highly coveted opportunities to invest in the best funds globally. These funds provide high uncorrelated returns to the equity markets while minimizing the drawdowns and risks to the investors. Typical funds have high Sharpe ratios and strong return profiles investing in unique strategies that have outperformed their peer group over time.
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ActiveAvenues

ActiveAvenues is a consulting firm focused on advising clients on obtaining permanent residency through investment, citizenship through investment and global real estate investment opportunities. With increasing global mobility, there is an increasing desire to create expand businesses globally, create a second base for their home or to diversify their real estate portfolios. ActiveAvenues is the leading consultancy firm advising on these issues and has partnered with the distinguished local firms in over 30 countries around the world to help clients with their decision making process.
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History

ActiveAlpha Group was started in 2008 when the founder initiated investments in various ventures in the Indian sub-continent. Initially, capital from international investors was invested as growth equity into medium sized private businesses across numerous sectors. Over time, the firm has expanded its efforts to look at public market companies that can benefit from a more active involvement in creating and unlocking value. Subsequently, the Group started consulting on investment opportunities across the world including real estate and other fund structures. In addition, the Group launched its Fund-of-Funds platform to facilitate investments in numerous funds from around the world.

Our Team

Raghav Kapoor

Raghav Kapoor has 20 years of experience in global asset management, public market investing, regional private equity, and management consulting. He has worked at leading institutions such as McKinsey & Company, Goldman Sachs, Merrill Lynch and Bain & Company. Raghav has been a founding member of a $1 billion fund focused on long/short and long-only equity investing across geographies. At McKinsey, Raghav was a member of the corporate finance and private equity practices. He led numerous diligences for buyout funds seeking advice on specific investment opportunities. He also advised traditional asset management organizations across an entire spectrum of issues. He led the team that advised Hank Greenberg on AIG’s $20 billion alternative asset management portfolio.

Raghav holds an MBA from Harvard Business School where he graduated amongst the top 5% of his class as a George F. Baker Scholar. Earlier, he graduated from Stanford University with degrees in Electrical Engineering and Economics which he completed in record time under a full academic scholarship. He has pursued International Economics under his advisor Paul Krugman and researched the formation of the EU at Balliol College, Oxford.

Deepak Kurup
Deepak Poddar
Dharmik Patel
Gaurav Bhatnagar
Iyamah Madanamootoo
Jitendra Ray
Mayeven Tirvengadum
Shashank Goyal
Swapneel Gaikwad
Raghav Kapoor

© ActiveAlpha Group. All rights reserved.

"Only passions, great passions, can elevate the soul to great things."
- Denis Diderot
"Players win games, teams win championships."
- Bill Taylor
"Success is the ability to go from one failure to another with no loss of enthusiasm."
- Sir Winston Churchill​
"You must expect great things of yourself before you can do them."
- Michael Jordan​
"The most important step is the first step. Start something."
- Unknown
"Men are born to succeed, not fail."
- Henry David Thoreau
"There is only one success - to be able to spend your life in your own way."
- Christopher Morley
"To die is nothing; but it is terrible not to live."
- Victor Hugo
"​I’m convinced that half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance."
- Steve Jobs
"​When you are good at something, you'll tell everyone. When you are great at something, they'll tell you."
- ​Walter Payton
"​Patience and persistence are two characteristics that differentiate the professional from the amateur. Everything that is big today started small. You can’t do everything; but do everything you can to make your dreams come true. And keep in mind, it is always darkest before dawn."
- ​Christiano Ronaldo

© ActiveAlpha Group. All rights reserved.

Our approach is based on several pillars that are outlined below:
Strategy

We help companies improve their business models and their strategic direction by leveraging the inherent strengths of the team, the competitive positioning of the company and the developing market landscape. The firm helps in the strategic assistance in prioritizing opportunities and applying capital and resources to achieve that growth.

Expertise

ActiveAlpha brings extensive experience and resources to help management teams assess and capitalize on business opportunities. The team has worked across various industries and with a variety of companies: Consumer, Retail, Hospitality, FMCG, Healthcare, Pharmaceutical, Technology, Media, and Financial.

Operations

Working with management teams to assess the current cost structure and opportunities to improve efficiency, the team aspires to improve the margins that a company operates with. The firm strongly believes that operational excellence is a prerequisite for any successful business and should be a base case for all operations.​​

Innovation

In today's world, we strongly believe in being innovative in our approach and in the opportunities we seek. It is essential to question conventional wisdom while creating new ideas. We believe in leading the change we seek to see and help problem solve creatively to find solutions that work and are effective in our businesses.

Integrity

We conduct ourselves with the highest level of integrity in all our interactions. We believe that being honest and truthful about our word and our work is of paramount importance. We also expect the same from all of our partners and we will not shy from affirming our high standards on all our assignments.

Teamwork

Our team works in partnership with management teams and other consultants to apply our collective wisdom to solve problems and to drive change. We firmly believe in working as a team to achieve the common goal of increasing/improving stakeholder value. Our team provides critical support at every stage of the company's growth.

© ActiveAlpha Group. All rights reserved.

© ActiveAlpha Group. All rights reserved.

Overview

ActiveAlpha Capital is an investment Fund that follows a private equity approach to investing in publicly listed companies. ActiveAlpha invests in a limited set of high potential mid-cap companies that have the opportunity to deliver outsized returns. India has the highest number of listed companies in the world ~5,500 yet only the top 100 - 200 companies have meaningful institutional research coverage. The next 400 - 500 companies are often large, well-traded companies with limited or no coverage that are thus not appreciated by the investment community. Within this set, ActiveAlpha seeks to identify high-potential companies by following a highly disciplined fundamental based research-intensive process. Upon investment, ActiveAlpha works with each company to unlock value for shareholders through operational improvements in the business. In addition, the team uses several levers to grow earnings: improving the company’s strategic direction, working capital management, product development pipeline, go-to market approach, senior management depth, inorganic growth opportunities, ability to attract additional investors, etc. As these companies are typically trading at a significant discount to their potential, ActiveAlpha seeks to unlock this value in order to generate sizeable returns for its investors that are not correlated to the broader markets. With a focus on companies with solid business models and strong competitive advantages, ActiveAlpha aspires to capture the Indian growth story by investing in the businesses with the most potential.

Core Beliefs

  • Long-term investments will always out-perform an investment approach based on short-term speculation
  • Investments should be made after undertaking deep research on the sector, company and management
  • Extreme market environments provide opportunities for entry into otherwise fully priced opportunities
  • Constructive engagement with management provides an opportunity to drive alpha returns and manage risk
  • Specialization is necessary for any manager to succeed as the world is flush with many complex possibilities
  • ​Avoiding capital loss in any investment is as critical as discovering the winners who can drive overall returns

Approach

Selectivity

The Fund is very careful in identifying which companies to invest in. The rigorous selection process has been honed over the last 20 years and involves meticulous screening, deep due diligence, a sector view and patience before making any investment. Investments are made for the long term and thus selection at the onset is of paramount importance.

Concentration

The Fund invests in a limited number of companies. The Fund believes that unnecessary diversification is detrimental to returns. A concentrated portfolio allows a clear focus on the companies invested in. However, strict limits are placed on industry and geographic concentration. A keen focus on the event path for each company drives the investment thesis.

Engagement

The Fund engages with each company to help the management teams build successful businesses. This engagement can be in the form of improving the operations of the business, driving sales growth or simply improving working capital. Active engagement ensures the Fund is in control of the event path for each investment.

For further information, you can visit: www.activealphacapital.com

© ActiveAlpha Group. All rights reserved.

© ActiveAlpha Group. All rights reserved.

Visit us

101 A Poonam Chambers, A-Wing
Dr. A. B. Road, Worli
Mumbai, Maharashtra 400 018
India

Email us

team@activealphagroup.com

© ActiveAlpha Group. All rights reserved.