Negen Capital

Negen Capital Services Private Limited, operating as Negen Capital PMS, is a Mumbai-based investment management firm specializing in Portfolio Management Services (PMS) and Alternative Investment Funds (AIF). The firm focuses on sustainable value creation through a combination of growth investing and special situation investing. They primarily target smallcap and midcap companies, identifying undervalued opportunities that arise from market inefficiencies and corporate actions such as demergers, spin-offs, mergers, open offers, promoter changes, and restructuring events. Negen Capital also emphasizes investing in technology-driven businesses and mega-trends, while strategically avoiding public sector undertakings (PSUs) and cyclical investments. Their investment philosophy prioritizes debt-free businesses with high Return on Invested Capital (RoIC) and strong free cash flow.

Negen Capital PMS was officially launched in November 2017, although the legal entity, Negen Capital Services Private Limited, was incorporated in June 2007. The firm was founded by Neil Bahal, a seasoned investment professional with over two decades of experience in the Indian equity market. Bahal's passion for investing, which began at a young age, shaped his vision for creating a distinctive PMS strategy that capitalizes on special situations and technology-driven growth opportunities. He believes that special situations can act as short-term catalysts, while technology companies provide sustainable and compounding growth, helping to generate alpha returns and build resilient portfolios.

The firm manages a diverse portfolio across its PMS and AIF platforms. As of the latest reports, Negen Capital's total Assets Under Management (AUM) stands at ₹2,400 crore, encompassing its various investment products. Notable examples of companies that have been part of their portfolio include Sapphire Foods India Ltd, Camlin Fine Sciences Ltd, Piramal Enterprises Ltd, Cholamandalam Investments and Finance Ltd, and Sundaram Clayton. Through its Alternative Investment Funds, Negen Capital also engages in pre-IPO investments and anchor allocations in initial public offerings (IPOs).

The team at Negen Capital comprises experienced professionals led by Founder and Fund Manager Neil Bahal. Jigar Dinesh Shah serves as a Director and Fund Manager for the Negen Undiscovered Value Fund, a Category III AIF, bringing over 16 years of capital markets experience. Yogen Lavari is the Compliance Officer. The firm is committed to professionalism, transparency, and safety, aiming to deliver consistent profits for its clients across various market conditions. They are known for their research-driven approach and disciplined risk management, offering a unique blend of event-driven opportunities and future-ready technology investments.