ValueQuest Investment Advisors Private provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. The firm advises 2 private funds.
ValueQuest Investment Advisors Private reports 1,892 clients. They include 1,757 individuals, 129 corporations and other businesses, and 5 pooled investment vehicles. Of its assets, 100.0% ($2.2B across 1,892 accounts) are managed with discretion. Of its clients, 98% are outside the U.S. It advised 6 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 93% | 21% |
| Pooled investment vehicles | <1% | 19% |
| Sovereign wealth funds and foreign official institutions | <1% | 52% |
| Corporations and other businesses | 7% | 8% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,757 | $454M | 20.6% | $258K |
| Pooled investment vehicles | 5 | $421M | 19.1% | $84.1M |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $1.15B | 52.2% | $1.15B |
| Corporations and other businesses | 129 | $178M | 8.1% | $1.38M |
| Total | 1,892 | $2.2B | 100% | — |
- Clients
- 1,757
- Regulatory AUM
- $454M
- AUM share
- 20.6%
- Avg. per client
- $258K
- Clients
- 5
- Regulatory AUM
- $421M
- AUM share
- 19.1%
- Avg. per client
- $84.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.15B
- AUM share
- 52.2%
- Avg. per client
- $1.15B
- Clients
- 129
- Regulatory AUM
- $178M
- AUM share
- 8.1%
- Avg. per client
- $1.38M
Total
- Clients
- 1,892
- Regulatory AUM
- $2.2B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 98%
- Clients advised without assets under management last fiscal year
- 6
- Private funds advised
- 2
ValueQuest Investment Advisors Private is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.
Ravindra Dharamshi owns 50% to 75% of ValueQuest Investment Advisors Private. Deepak Ramachandra is CEO; the leadership team includes Chief Investment Officer Ravindra Dharamshi, Chief Operating Officer Kunal Chandawalla and Chief Financial Officer Himanshoo Bohara. It has 103 employees, 18 of them in advisory roles.
Leadership
- Deepak RamachandraChief Executive Officer
- Himanshoo BoharaChief Financial Officer
- Kunal ChandawallaChief Operating Officer
- Hiten GalaChief Compliance Officer and Shareholder
- Ravindra DharamshiDirector, Shareholder and Chief Investment Officer
- Aniket DharamshiDirector and Shareholder
- Darius PandoleIndependent Director
- Sameer ShahDirector and Shareholder
- Chirag ShahChief Strategy Officer and Shareholder
- Chirag ShahIndependent Director
- Hemanti WadhwaHead- Legal, Compliance and Secretarial
- Hemang DharamshiShareholder
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Ravindra Raichand Dharamshi Mr.
- Sameer Jyotindra Shah Mr.
Staff
- 103 employees
- 18 in advisory functions
- 234 soliciting firms
- Owns 50% to 75% of Valuequest Investment Advisors Private LTD
Ravindra Dharamshi
Control person · since February 2010
- Owns 10% to 25% of Valuequest Investment Advisors Private LTD
Hemang Dharamshi
since February 2010
- Owns 5% to 10% of Valuequest Investment Advisors Private LTD
Aniket Dharamshi
since March 2020
- Owns 5% to 10% of Valuequest Investment Advisors Private LTD
Sameer Shah
Control person · since February 2010
ValueQuest Investment Advisors Private’s regulatory assets fell from $2.44B (June 2025) to $2.2B (July 2026); clients fell from 2,123 to 1,892 and employees were 103 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $2.2B | 1,892 | 103 | 2 |
| June 2025 | $2.44B | 2,123 | 105 | 2 |
Besides its headquarters, ValueQuest Investment Advisors Private has 1 office, with 2 listed addresses outside the U.S..
International offices
- UNIT B-107, NILA SPACES, GANDHINAGAR, GUJARAT, 382050, India
Contact and registration details
- Legal name
- Valuequest Investment Advisors Private LTD
- Headquarters
- Kohinoor Square Business Park, B - 4101, 41st Floor,nc Kelkar Marg, Shivaji Park, Dadar (W), Mumbai, India 400028
- Website
- valuequest.in
- Phone
- 02269925500
- @valuequest-investment-advisors
- SEC file
- 801-131909
- Structure
- other (specify) organized in India
- Fiscal year end
- March
ValueQuest Investment Advisors Private uses Citi Bank N.A. ($1.15B, 66%), Icici Bank ($368M, 21%) and Kotak Mahindra Bank ($212M, 12%) as custodians for its separately managed accounts. ValueQuest Investment Advisors Private does not have custody of client assets.
- Icici BankIcici Bank LTD. · Mumbai · $368M21%
- Kotak Mahindra BankKotak Mahindra Bank LTD. · Mumbai, Maharashtra · $212M12%
- Citi Bank N.A.Citi Bank N.A. · Mumbai, Maharashtra · $1.15B66%
At year end, ValueQuest Investment Advisors Private’s separately managed accounts were mostly in stocks (98%).
What the accounts hold
- Stocks98%
- Cash2%
How many clients does ValueQuest Investment Advisors Private have?
ValueQuest Investment Advisors Private has 1,892 clients and manages $2.2 billion for them, as of July 2026. They include 1,757 individuals, 129 corporations and other businesses, and 5 pooled investment vehicles.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 July 2026
What services does ValueQuest Investment Advisors Private offer?
ValueQuest Investment Advisors Private provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does ValueQuest Investment Advisors Private use?
ValueQuest Investment Advisors Private’s separately managed account assets are held at Citi Bank N.A. (Mumbai, Maharashtra), with $1.15B, Icici Bank LTD. (Mumbai), with $368M and Kotak Mahindra Bank LTD. (Mumbai, Maharashtra), with $212M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 July 2026
How many financial advisors does ValueQuest Investment Advisors Private have?
ValueQuest Investment Advisors Private has 0 investment adviser representatives registered with state securities authorities, out of 103 employees, and 18 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does ValueQuest Investment Advisors Private invest in?
At the end of its last fiscal year, ValueQuest Investment Advisors Private’s separately managed accounts held 98% exchange-traded equities and 2% cash and equivalents. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns ValueQuest Investment Advisors Private?
ValueQuest Investment Advisors Private’s direct owners are Ravindra Dharamshi (50% to 75%), Hemang Dharamshi (10% to 25%), Aniket Dharamshi (5% to 10%) and Sameer Shah (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 July 2026
How does ValueQuest Investment Advisors Private get paid?
ValueQuest Investment Advisors Private is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact ValueQuest Investment Advisors Private?
ValueQuest Investment Advisors Private’s main office is at Kohinoor Square Business Park, B - 4101, 41st Floor,nc Kelkar Marg, Shivaji Park, Dadar (W), Mumbai, India 400028. Its phone number is 02269925500. Its website is valuequest.in.