# ValueQuest

ValueQuest is a Single Family Office based in Mumbai, India.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Mumbai, India
- **Region:** North America
- **Address:** Mumbai, India
- **Founded:** 2010
- **Assets under management:** $2.87 Bn (per firm website, 2026)
- **Website:** valuequest.in
- **LinkedIn:** https://www.linkedin.com/company/valuequest-investment-advisors/

## Regulatory record

- **Reports private funds:** No

## About

ValueQuest was established in 2010 by Ravi Dharamshi and Sameer Shah. Dharamshi previously worked at RARE Enterprises, the family office of Rakesh Jhunjhunwala. The firm manages capital for ultra-high-net-worth individuals, family offices, and institutions through AIF and PMS strategies focused on public and private equity markets. The strategy centers on public equity, private equity, and real estate exposure. Investments target growth and late-stage companies in North America, Asia, the Middle East, and South America. Confirmed positions and sector work include defense, aerospace, precision engineering, manufacturing, and energy transition. The firm also maintains exposure to AI/ML, biotech, and cybersecurity themes. It uses a concentrated portfolio approach with large positions supported by in-depth research and has delivered high-teen returns since inception. The firm reports 32 investment professionals and lists additional team members across compliance, operations, and strategy roles. It maintains offices in Mumbai and a branch in GIFT City, Gujarat. No philanthropic vehicles or club memberships are disclosed in public materials. In 2024 the firm obtained IFSCA registration for its GIFT SEZ entity. ValueQuest operates as an independent asset manager rather than a captive family office. Its structure centers on alignment through disclosed fees and a research-led mandate that allows both public-market concentration and private-equity acquisitions such as the NCLT-led purchase of Minosha India.

## Sectors

- Energy Transition & Renewables
- FinTech
- Healthcare Services
- Industrial Tech
- SpaceTech
- Supply Chain & Logistics
- PropTech
- Circular Economy
- Digital Health

## People

- Ravi Dharamshi — Founder & CIO
- Sameer Shah — Co-Founder & Fund Manager
- Aniket Dharamshi — Co-Founder & Managing Partner - Private Equity
- Deepak Ramachandra — Chief Executive Officer
- Pushkar Jauhari — Managing Director & Fund Manager - Private Equity

## Questions

### Who runs investment decisions at ValueQuest?

Ravi Dharamshi serves as Founder & CIO. Sameer Shah acts as Co-Founder & Fund Manager. Aniket Dharamshi leads private equity as Co-Founder & Managing Partner.

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

ValueQuest runs both AIF and PMS strategies. It executes direct equity positions in public markets and has completed private-equity acquisitions including the NCLT purchase of Minosha India.

### What investment stages does ValueQuest typically target?

The firm focuses on growth and late-stage opportunities in both public and private equity.

### Which sectors does ValueQuest explicitly target?

Sector exposure includes Energy Transition & Renewables, FinTech, Healthcare Services, Industrial Tech, SpaceTech, Supply Chain & Logistics, PropTech, Circular Economy, and Digital Health.

### Where does ValueQuest maintain offices?

The firm is headquartered in Mumbai with a registered IFSC branch in GIFT City, Gujarat.

### How does ValueQuest source proprietary deal flow?

The firm relies on in-depth research to identify megatrends and inflexion points, then builds concentrated positions in listed and unlisted companies.

### Is ValueQuest structured as a single family office?

No. ValueQuest operates as an independent alternative investment manager serving multiple UHNIs, family offices, and institutions.

## Related profiles

- [Value Plus Investment Advisors](https://altss.com/profile/value-plus-investment-advisors)
- [Values & Guidance](https://altss.com/profile/values-guidance)

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

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