Equitree Capital

Overview

Equitree Capital is a Mumbai-based private investment firm specializing in deep value, fundamental investing within small and micro-cap businesses in India. The firm adopts a private equity approach to public markets, focusing on identifying under-researched companies with strong growth potential. By acquiring 3-5% stakes in high-conviction businesses, Equitree adds proactive value with a strategic outside-in perspective. The firm's flagship product, the Emerging Opportunities PMS, invests in a concentrated portfolio of 12-15 small and micro-cap stocks, launched in 2017. As of November 30, 2025, the fund has assets under management of ₹0 crore and a 5-year compound annual growth rate (CAGR) of 0%. Equitree Capital's investment strategy is centered on a bottom-up, research-driven framework that focuses on under-researched small and micro-cap companies with scalable models and prudent management practices. The firm's Emerging Opportunities PMS follows a concentrated, high-conviction approach, typically holding 12-15 businesses that exhibit robust earnings growth, cash flow consistency, and governance discipline. The firm plans to maintain capacity discipline by capping its Emerging Opportunities PMS around ₹2,000 crore, or until the current portfolio remains fully investible. At present, Equitree manages portfolios for over 350 investors, including high-net-worth individuals, family offices, and senior professionals. In November 2025, Equitree Capital achieved a significant milestone by crossing the ₹1,000 crore mark in assets under management (AUM). This achievement reflects steady investor confidence and consistent performance in India's small and micro-cap segment. The firm's founders, Pawan Bharaddia and Ssuneet Kabra, have over 25 years of experience in private equity and public market investing. They co-founded Equitree in 2012 to bring their unique approach to identifying high-potential businesses. The firm's investment philosophy emphasizes a long-term horizon, with investments held for 5-7 years and low portfolio churn, following a private equity-style approach to maximize returns. Equitree Capital's approach has been recognized in the industry, with its Emerging Opportunities PMS being ranked as the #1 PMS in the Pure Small-Cap Category (Absolute Returns) for 5-Year Performance at the PMS AIF WORLD Awards 2025. This recognition underscores the firm's patient, high-conviction approach to small-cap investing and its commitment to delivering superior risk-adjusted returns to its investors.

Investment Focus

• High-growth potential
• Scalable business models
• Prudent management practices

Portfolio Companies