Private Equity

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New Mark Advisors

India focused investment manager applying private equity investing principles in the public market to generate superior long-term compounding of capital.

New Mark Advisors logo

New Mark Advisors

India focused investment manager applying private equity investing principles in the public market to generate superior long-term compounding of capital.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

Asia

Country

India

City

Mumbai

Corporate office

Mumbai, India

Principals

Niten Malhan

Founder

Nihar Shah

Vice President

Vivek Tulshyan

Vice President

Piyush Chandak

Vice President

Sector focus

Venture (General)

Frequently asked questions

How does New Mark Advisors differentiate its public-markets strategy from a typical long-only fund?

New Mark applies a private equity lens to public markets: it researches companies as if acquiring them outright, prioritizes multi-year holding periods, and emphasizes direct engagement with management teams. The firm targets growth-oriented small and mid-cap Indian businesses where founders retain significant ownership and alignment.

What investment vehicles does New Mark operate?

The firm manages three SEBI-registered Category III Alternative Investment Funds: New Mark Capital India Fund I, Fund II, and New Mark Capital AIF LLP. These are pooled investment vehicles subject to Indian securities regulation.

Who makes investment decisions at New Mark?

Founder Niten Malhan leads the investment process, supported by a team that includes vice presidents Nihar Shah, Vivek Tulshyan and Piyush Chandak, as listed on the firm's website. The flat team structure suggests a centralized research and decision-making function.

Does New Mark invest in private companies or only public equities?

New Mark targets the Indian public equities market, but its mandate includes participating in PIPE (private investment in public equity) transactions. No disclosed activities involve purely private, unlisted companies.

What stage and market-cap profile does the firm target?

The firm focuses on small and mid-cap companies, with a stated interest in early-stage through late-stage expansion opportunities — all within the listed universe. This spans young growth companies to more mature businesses that remain undervalued by the broader market.

Is the firm's AUM publicly disclosed?

No. New Mark does not publish assets under management, and no external publication has reported a confirmed figure. The AUM remains undisclosed.

Does New Mark co-invest alongside other managers or family offices?

There is no public record of co-investment partnerships, club deals, or sidecar vehicles. The firm appears to invest solely through its own AIF structures without external co-investor arrangements.

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