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About Tamohara Investment Managers

Tamohara Investment Managers Pvt. Ltd. is a SEBI-registered Portfolio Management Service (PMS) provider and a Registered Investment Advisor (RIA). We offer boutique alternative investment solutions to eligible individuals and institutional investors. Our investment philosophy emphasizes a deep understanding of the cash flow generating potential of businesses. Using a well-documented process, we aim to deliver consistent, risk-adjusted returns over the long term.

Our Investment Philosophy

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Higher Rate of Change

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Market Share Gains

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Improving ROE

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Declining Leverage

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Superior/Increasing Cash flow generation!

Our Investment Process



01
work icon Large External Opportunity

Is there an emerging opportunity or a will result in outsized cash flow generation for the relevant companies in the future?”

02
work icon Business Quality

Is this business capable of generating a rate of return substantially above the cost of capital thus resulting in outsized cash flow generation?

03
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Will this management deliver superior cash flow generation vs peers? Will this management allow minority shareholders to benefit from its cash flows?

04
work icon Valuations

At what price do our base case future cash flows allow us to buy the company today?

05
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What are the most likely idiosyncratic factors that will impact the assumed future cash flows?

We do the research, analysis and selection.
Compounding and time does the rest.

Knowledge Corner

At Tamohara, we know inspiration can strike from anywhere. Which is why we encourage our analysts to read and
experience new things – some of those learnings are distilled here for you.

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Ashmayu: Our Newsletter

Meaning ‘rays of light’, our newsletter showcases thoughts by our employees drawing lessons from not just investments and companies, but everyday life.


Read More about Ashmayu wellness experience
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Snapshots that Wow!

Our team curates a selection of fabulous articles and blog posts for you! A series of Snapshots, insights, and articles that make you go WOW!


Read More about snapshots that wow

Investment Team

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Sheetal Malpani Chief Investment Officer

Mr. Sheetal holds a postgraduate degree in Management Studies with a major in Finance and is also a Chartered Financial Analyst. With over 14 years of experience in the Indian capital markets, he has previously worked with reputed firms such as HDFC Securities, Brics Securities, and Enam Securities before joining Tamohara.

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Harini Dedhia Fund Manager

Ms. Harini holds an undergraduate degree in Economics (B.A. Hons in Politics and Advanced Mathematical Models) from New York University and is also a Chartered Financial Analyst. Before heading the Research Division at Tamohara, she gained 2 years of experience at a hedge fund in the US. She brings over 10 years of expertise in equity markets and 6 years in fund management.