Meet Our Leadership Team
Rishi Gupta
Managing PartnerA Stanford University alumnus and former private equity professional with more than 20 years of experience in the capital markets, Rishi founded Shepherd’s Hill on the belief that the teachings of Graham, Buffett and Munger could be profitably applied in India.
Rohan Ghotge
Founding PartnerRohan is an independent thinker with over a decade of corporate experience in bluechip companies including Tata Chemicals and ICICI Bank. Rohan’s past experience running a family business is especially valuable to the investment process at Shepherd’s Hill.
Ashutosh Ghanekar
PartnerA Chartered Accountant by qualification, Ashutosh brings to Shepherd’s Hill over 25 years of international experience as an investment banker. His skills and network, developed as a professional and entrepreneur, make him ideally suited to drive growth at Shepherd’s Hill.
Nikunj Dalmia
PartnerNikunj is Senior Adviser, and Partner – Cat II. He has been recognised for his expertise in financial markets and economic policy, and has been among India’s top financial and business journalists. Nikunj brings to Shepherd’s Hill a wide network of connections and opportunities.
Shepherd's Hill Group - Performance Data
The Shepherd’s Hill Group was established in 2011. Shepherd’s Hill group entities include SEBI-registered advisory, PMS and AIF service providers. The basic objective for all these entities is the same: to provide savers a way to invest in the Indian equity market and achieve capital protection and superior long-term returns.
The following is a 10+ year track record of the group. It is a notionally pooled Time-Weighted Net Rate of Return for all transactions that we have advised or managed since inception.
This data is being provided for informational purposes only. It is not an offer to sell any product. For specific product information, please visit the respective product pages. Past performance may not be an indicator of future returns.
The following data has been checked and verified by an independent, third-party “Big 4” auditor.
SHEPHERD'S HILL
Investment Track Record
| Particular | 1 year | 3 year | 5 year | 10 year | Since Inception (Jul 2011) |
| Shepherd’s Hill Group | 6.91% | 32.83% | 26.46% | 20.10% | 22.09% |
| Benchmark – Index | -2.93% | 11.30% | 10.87% | 12.54% | 11.25% |
*Updated June 30, 2026
Integrity at the Core of Everything We Do
Our most important value is integrity. No matter who our direct client is, we are always aware that in the end, we are shepherding someone’s hard-earned resources. We strive to deserve their trust in our character and competence.
Making Investments the Right way
The means are as important as the ends.
There are some things we just won’t do. For example, Shepherd’s Hill will not recommend tobacco companies for its clients’ portfolios.
- We are investment partners, not service providers.
- We value long-term collaborations.
- The first order of business is protection of capital.
- It is important to us to be passionate about investing.
- We are measured and deliberate in our decision-making.
Our Advantages
Track Record.
No matter what money managers tell you, it all boils down to one number: the internal rate of return. Over the long term, this number, properly calculated and verified, will not lie.
Small Capital.
It’s much easier to profitably invest smaller amounts of capital than larger ones, all other things being equal.
You Earn, We Earn.
We are sticklers for this one. We do not charge a single rupee in fees that is not linked to our performance. This distinguishes us from most of our peers.
Investment Process
A disciplined approach is vital.
Investing is neither a science nor an art — it is a craft. Judgment calls must be made and risks must be taken. To be best positioned for the upside, it is important to have researched well.
- Screens are run and short-lists made regularly.
- A checklist identifies any early red flags.
- A financial analysis is done.
- Qualitative research is undertaken.
- Ideas are compared to each other.
- An investment decision is made.
- Investments and portfolios are monitored.
Portfolio Curation
Keep it simple, silly.
If there are a bunch of formulas and Greek letters involved, we stay away. Correlation coefficients and efficient frontiers are not for us, thank you.
- Indian securities only.
- Equity, debt and special situations.
- Roughly 15-20 positions.
- Maximum position limit of 15% at purchase time.
- Sector and market-cap agnostic.
- Circle of competence must apply.
- Long positions must have strong balance sheets.
Key Milestones in Our Journey of Excellence in Asset Management
Schedule a call to discuss your financial goals
Our asset management services are designed to optimize your investments and grow your wealth. We focus on the equity asset class to enable your long term objectives.
Schedule a call with our teamContact us
Get in Touch to Discuss Your Investment Requirements
Mumbai Address:B5, STC Society, NS Phadke Marg, Andheri (E), Mumbai 400069.
Phone:+91 20 7127 9247
