# Adelmo Advisors

Adelmo Advisors is a Multi Family Office based in Mumbai, India.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, Maharashtra, India
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** www.adelmo.co
- **LinkedIn:** https://in.linkedin.com/company/adelmo-advisors

## Regulatory record

- **Reports private funds:** No

## About

Adelmo Advisors was established in 2012 by the Ghalla Bhansali Group, whose principals accumulated capital through chartered accountancy, brokerage and transaction advisory. The firm allocates to public and private markets, alternative assets and bespoke real-estate vehicles. It executes early-stage direct co-investments and SPVs, with confirmed exposure to ClimateTech, FinTech and InsurTech. Geographic reach centers on Asia. Adelmo also manages Spectrum Impact for Rajendra Gogri and advises the Kutchi Angel Network. Team size and AUM remain undisclosed. The firm maintains one headquarters in Mumbai and operates Spectrum Impact as an adjacent philanthropic vehicle. Adelmo functions as an integrated advisor to multiple family balance sheets rather than a standalone fund manager, combining investment execution with tax, succession and mission-related mandates.

## Sectors

- ClimateTech
- Circular Economy
- FinTech
- InsurTech

## People

- Ghalla Bhansali Group — Founder

## Questions

### Who runs investment decisions at Adelmo Advisors?

Investment decisions rest with partners drawn from the Ghalla Bhansali Group and affiliated family offices such as Spectrum Impact.

### How does Adelmo Advisors source proprietary deal flow?

Deal flow originates from the Ghalla Bhansali Group's transaction-advisory network and from relationships with Rajendra Gogri and the Kutchi Angel Network.

### Is Adelmo Advisors structured as a single family office or does it operate more like a venture firm?

Adelmo operates as a multi-family office that also manages external vehicles including Spectrum Impact and the Kutchi Angel Network.

### Does Adelmo Advisors participate in fund commitments or only direct deals?

The firm executes direct co-investments and SPVs alongside select fund commitments in early-stage opportunities.

## Related profiles

- [Adecla](https://altss.com/profile/adecla)
- [Adequita Capital](https://altss.com/profile/adequita-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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