Nine Rivers Capital

Nine Rivers Capital is an independent, owner-managed investment house based in Mumbai, India, specializing in asset management and corporate advisory services. The firm applies a rigorous private equity approach to public markets, offering curated portfolio strategies for High Net Worth Individuals (HNIs) and Family Offices. With over 13 years of live Portfolio Management Services (PMS) track record, Nine Rivers Capital is known for its deep research, disciplined processes, and transparent client partnerships.

Founded in 2007 by Sandeep Daga, the firm's vision was to build a trusted institution for long-term value creation for both investors and businesses. Daga's prior experience in private equity reinforced his conviction that exceptional value is often created by businesses with clear purpose, entrepreneurial energy, and consistent execution. This philosophy guides their investment decisions, which are rooted in fundamental research, rigorous diligence, and a long-term perspective, seeking opportunities in strong business models, sound governance, and scalable growth.

Nine Rivers Capital offers a suite of SEBI-registered PMS and Alternative Investment Funds (AIF) strategies, including Aurum Small Cap Opportunities (ASCO) for early discovery of scalable small-cap businesses, and Aurum Multiplier Portfolio (AMP) for diversified growth. Their AIFs, such as Aurum SME Fund I (CAT I) and Aurum Rising India Fund (CAT II), focus on nurturing promising small and medium enterprises (SMEs) and investing in unlisted and listed companies with a pre-IPO focus. Notable investments and advisory roles include a significant minority stake in Pranav Construction Systems in 2009, participation in a pre-seed funding round for luxury innerwear brand MHYTH in 2024, and acting as the sole financial advisor for Isthara Parks' Series A equity capital raise. The firm has also been associated with investments in companies like Burger Singh, Global AgriSystem, GPT Infraprojects, Innvolution, BuildNext, Vilcart, and Medfin.

The firm's leadership and expert teams bring diverse experience in asset management and corporate advisory. Sandeep Daga leads as Founder, MD & CIO, with Sandhya Kabra as Executive Director & CFO, and Chirag Karia as Chief Business Officer. The team comprises seasoned professionals with extensive experience in investment research, portfolio management, corporate finance, and M&A across various sectors in India. Their dual perspective as investors and advisors provides a deeper understanding of businesses, markets, and value creation, enabling them to deliver trusted solutions and sustainable growth for their clients.