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StepTrade Share Services
Steptrade Capital is a leading investment management company and SEBI-registered Alternative Investment Fund (AIF) manager specializing in SME and Microcap...
StepTrade Share Services
Steptrade Capital is a leading investment management company and SEBI-registered Alternative Investment Fund (AIF) manager specializing in SME and Microcap investments in India. It is one of the first AIFs to focus exclusively on SME exchange–driven wealth creation and invests in carefully selected SME and Microcap companies listed on India’s SME exchanges. The firm manages multiple SEBI-registered AIFs, holds a Foreign Portfolio Investment (FPI) license, and holds SEBI licenses across CAT II & III AIF and an FME license under the SEZ framework.
General information
Firm type
Private Equity
Year founded
2022
Location
Region
Asia
Country
India
City
Ahmedabad
Corporate office
Ahmedabad, India
Principals
Kresha Gupta
Founder and Director; Fund Manager for Chanakya Opportunities Fund I and StepTrade Revolution Fund I
CA Kresha Gupta
Director & Fund Manager, Steptrade Capital
Ankush Jain
CFA, Director & Fund Manager, Steptrade Capital
Ankush Kumar Jain
CFA, Director at StepTrade and Fund Manager (AIF)
Yash Bhanushali
Fund Manager PMS at StepTrade Share Services
Darshit Shah
Research Head at Steptrade Capital
Rahul Brahmkshatriya
AVP- Private Equity; heads the Research department at Steptrade Capital
Nishant Melana
AVP at StepTrade Share Services
Sonali Dama
Equity Research Analyst
Mr. Akshay Dawra
Fund Manager - COF II at Steptrade Capital
Nandani Patidar
VP-Compliances at Steptrade
Mohit Kapoor
Advisory Board Member at Steptrade Capital
Kamal Bansal
Advisory Board Member at Steptrade
Himanshu Raut
Equity Research Analyst at StepTrade Capital
Sector focus
Frequently asked questions
Does StepTrade invest in private companies or only in listed SMEs?
The firm's core strategy targets companies already listed on India's SME exchanges, not private pre-IPO rounds. The logic is to capture the value expansion that occurs when a company migrates from the SME board to the main exchange, while having a daily market price and regulatory filings to inform underwriting.
How does StepTrade source its investment ideas?
StepTrade uses an in-house research function that scans the NSE Emerge and BSE SME universes for companies with strong governance, scalable business models, and a plausible path to main-board listing. The firm supplements fundamental analysis with thematic macro research on India's capex cycle, covering sectors from green hydrogen to biopharma.
What sectors does StepTrade explicitly avoid?
The firm does not target large-cap equities, private venture capital, or passive index strategies. Its content makes clear it selects only for SME- and microcap-listed companies, avoiding sectors without a visible main-board migration pathway.
Who runs investment decisions at StepTrade?
StepTrade does not publicly name its investment committee or individual portfolio managers. The firm markets itself as a team-based, research-driven manager, but no named principals appear on its website or in its regulatory filings accessible through this research.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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