Equentia Natural Resources

Rajiv Ramnarayan, as CEO, and Nirav Choksi, as Director, are the two named principals running the firm. Ram Kewalramani serves as a Director across Equentia entities and also co-founded the supply-chain-finance firm CredAble, which likely supports Equentia's working-capital needs. There is no public disclosure of a separate investment committee or external advisors.

Equentia cites long-standing relationships with producers in Indonesia, South Africa, and Australia, and it maintains a representative office in Jakarta and liaison offices in Mumbai and Dhaka. The strategic association with Chettinad Logistics suggests an in-house freight-handling advantage that strengthens physical-delivery credibility when competing for mine-gate offtake agreements.

Equentia operates as a hybrid. It runs a physical commodity trading book, holds direct interests in mining assets — including thermal coal, manganese, lithium, copper, nickel, and uranium exploration — and has a green-investing arm developing a battery energy storage project in Gujarat. It does not market a third-party fund structure, making it closer to a permanent-capital merchant than a traditional GP.

The firm's portfolio includes legacy thermal and coking coal assets alongside a suite of battery-metals exposures: lithium, nickel, copper, and manganese. It also operates a battery energy storage project in Gujarat and holds uranium exploration rights. This positions Equentia as an incumbent that is layering electrification bets onto a cash-flow base still tied to steelmaking and baseload energy.

No. Equentia has not published a figure for assets under management, committed capital, or annual trading volumes. Its physical assets include five owned or long-leased office properties across four countries, but the scale of its mineral stakes and trading book remains private.