The Bhagat Family Office

The Bhagat Family Office, operating under the brand BFO Wealth, is an Indian investment firm with a legacy dating back to 1939. It functions as a privately held family office, primarily managing and nurturing the assets of the Bhagat family, alongside those of other ultra-high net worth families. The firm's investment strategy is diversified, with a predominant focus on financial markets, including stock broking, commodities broking, and non-banking financial services. Beyond financial instruments, BFO Wealth also allocates capital to real estate and infrastructural projects across India.

The origins of BFO Wealth trace back to Mr. Mangaldas Keshavlal, who established Mangaldas Keshavlal as a partnership firm in 1939, securing membership of The Native Share & Stock Brokers’ Association, Bombay (now the Bombay Stock Exchange). Over decades, the family business expanded its wealth within the Indian stock markets. By the 2000s, Mangal Keshav, the flagship concern, had become a significant player in the Indian financial landscape. In 2006, Oman's Bank Muscat acquired a 43% stake in Mangal Keshav Holdings, marking a notable international investment in an Indian broking house. Today, the firm is helmed by its CEO, Mr. Chintan Bhagat, representing the fourth generation of the family.

A key innovation at BFO Wealth is Quadrivia, an artificial intelligence-based quant algorithm developed by Chintan Bhagat. This algorithm tracks real-time market activity and price-volume data to predict future price movements. Quadrivia is currently utilized in the Indian stock markets through Mangal Keshav's proprietary trading desk and is also applied in international markets across various asset classes. The firm's social entrepreneurship initiative is Humans of Bombay Stories Private Limited, which engages in crowdfunding to support the underprivileged and highlight the lives of Mumbai's residents.

The team at BFO Wealth comprises experienced professionals across various financial disciplines. Led by CEO Chintan Bhagat, the team includes traders like Anuj Parekh, Ashish Parekh, and Rajesh Joshi; technical analysts such as Bhagyashree Vivarekar, Ganesh Angaj, and Muthuselvraj; and research analysts like Gautam Chandavar and Prathmesh Sawant. Other key members include Bhushan Dalal (CFO & Chief Risk Officer), Gyan Prakash (Chief Compliance Officer), Rahul Thakur (Marketing Head), Rakesh Ranpura (Sr. Portfolio Manager), and assistant managers Drashti Sheth and Shivani Shah. The firm's Mumbai office also manages relationships with financial institutions, lawyers, and auditors on behalf of the family.