# Alchemy Capital Management

Alchemy Capital Management is a Multi Family Office based in Bainbridge Island, India.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Bainbridge Island, India
- **Region:** Asia
- **Address:** Mumbai, India
- **Founded:** 1999
- **Assets under management:** $1.2B (Altss estimate)
- **Website:** alchemycapital.com
- **LinkedIn:** https://in.linkedin.com/company/alchemy-capital-management

## About

Alchemy Capital Management was established in 1999 by Hiren Ved, Lashit Sanghvi, Ashwin Kedia and Rakesh Jhunjhunwala. Its wealth base originated in Jhunjhunwala’s long-term Indian equity holdings. The firm offers customized portfolio management and alternative investment products to high-net-worth families and institutions. Alchemy allocates across public equities in flexi-cap, large-cap, mid-and-small-cap and micro-cap strategies. It also runs AIF Category III vehicles that include multicap, mid-and-small-cap and small-cap-plus-private-company mandates. Confirmed vehicles include Alchemy High Growth PMS (incepted 2002), Alchemy Leaders of Tomorrow AIF (incepted 2018) and Alchemy Long Term Ventures Fund (incepted 2023). Deployment remains concentrated in India with limited exposure outside Asia. The firm reported 3,236 clients as of April 30, 2026 and manages an estimated $1.2 billion. It maintains membership ties to YPO South Asia and participated in Tiger 21’s 2025 expansion into Mumbai and Bengaluru. January 2025 saw the launch of the Alchemy Smart Alpha 250 AIF. Alchemy operates as a SEBI-registered portfolio manager and AIF investment manager, giving it direct control over product design and client onboarding without third-party distributors. This structure separates it from pure advisory platforms and allows internal execution of both listed and private-company mandates.

## Sectors

- FinTech
- Public Equities

## People

- Hiren Ved — Co-founder, CEO, and CIO

## Questions

### Who runs investment decisions at Alchemy Capital Management?

Hiren Ved serves as co-founder, CEO and CIO. Alok Agarwal and Deven Ved act as fund managers on multiple PMS and AIF products.

### Does Alchemy participate in fund commitments or only direct deals?

Alchemy offers both direct equity strategies through PMS and AIF vehicles that include private-company exposure via Alchemy Long Term Ventures Fund.

### What investment stages does Alchemy typically target?

The firm targets public equities at IPO, PIPE and pre-IPO stages as well as listed large-, mid- and small-cap companies.

### Does Alchemy maintain philanthropic structures?

Principals support Gram Seva Trust, Olympic Gold Quest and Parivaar.

### How does Alchemy source proprietary deal flow?

The firm relies on internal fundamental research and long-standing relationships within Indian markets rather than external club networks.

### Is Alchemy structured as a single family office or multi-family office?

Alchemy operates as a multi-family office serving 3,236 clients through standardized PMS and AIF products.

## Related profiles

- [Summer Hill Capital Partners](https://altss.com/profile/summer-hill-capital-partners)
- [BBRC Private Equity](https://altss.com/profile/bbrc-private-equity-brett-blundy-family-office)

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Last updated: 2026-08-10T15:54:10.904Z

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