About Us
Burman Capital Management is a part of Burman Family Holdings, the strategic investment platform of the Burman Family, which over the last twenty years has invested over US $500 million in various businesses primarily in India and have partnered and joint ventured with many of the leading Fortune 100 companies from around the world.
The Burman family are the control shareholders of the Dabur Group. Dabur was founded in 1884 by Dr. S.K. Burman and is today one of the largest Indian Fast Moving Consumer Good Company in India with over US$1 billion in revenue and a market capitalization of over US$12 billion.
At Burman Capital Management, we are long-term investors with deep passion of investing in the public markets. We are fundamentals-driven bottom-up investors and run concentrated portfolios focusing on small to mid-size companies.
We are a SEBI-registered Portfolio Manager with registration number INP100007091.
What we look for
We invest in companies who are leaders in niche industries that are set to expand structurally. We look for the following characteristics in all our investments
Exceptional management is the most important criteria for us. We only invest in companies where, in our view, managements have the highest standards of integrity, competency, energy and ambition.
We believe shareholder value is maximized when companies can compound their business over extended periods of time, hence we focus on companies that have a long runway for growth.
One of the key metrics we use to assess improving competitive advantage is continuous market share gain. While we typically back industry leaders, we also look at #2 and #3 companies in the industry which are backed by exceptional entrepreneurs and have a differentiated strategy.
The key parameter we track here is the return on invested capital. We favor companies that increase ROIC driven by sustainable and structural factors.
We always look for a margin of safety in entry valuations.
How we Invest
Patience to hold for long periods of time even during temporary down-turns
We tend to invest only in truly exceptional companies hence our portfolios tend to be concentrated
orientation Concentration Process focus Business-owner
perspective
Stringent proprietary processes, disciplined approach with strong focus on risk management
View equities from an ownership perspective. Assessment of culture, motivations and other softer aspects is critical
Team
Gaurav Burman
Director
Gaurav serves on the board of Burman Capital Management. He is a Director of Dabur International and a 5th generation member of the family that founded Dabur over 135 years ago. Dabur has today grown to become amongst the largest Indian FMCG company and has a market capitalization of more than US$12 billion.
Gaurav manages his family’s investment program, which has an investment portfolio with a value of more than US$1 billion and has been responsible for many of these joint ventures and investments. At the same time, he is on the board of various financial services, consumer goods and healthcare companies. He holds a graduate degree from Tufts University with a dual BA in Economics and History.
Abhay Kumar Agarwal
Director
Mr. Abhay Kumar Agarwal, Member of Institute of Chartered Accountants of India serving as Director of many companies such as Dabur Securities Private Limited, Puran Associates Private Limited, VIC Enterprises Private Limited, Super Hoze Industries Private Limited, Burman Estate Private Limited and Lite Bite Foods Private Limited etc.
Further, he is having more than 35 years of industry experience in the areas of accounting, finance, management and corporate advisory services.
Sanjeev Kathuria
Director
Sanjeev is a part of the Board of Burman Capital Management. He has a total experience of 18 years working post qualification. He is currently serving as Financial Controller of Windy Investments where he has been responsible for accounting, taxation, investments, and statutory compliances. Prior to Windy Investments, he was engaged with Elephant India Advisors (P) Ltd. as a Financial Controller.
Sanjeev is a Chartered Accountant and has completed his Bachelor of Science from the University of Delhi.
Abhas Gupta
Head, Investments
Abhas currently serves as Head, Investments of Burman Capital Management. He has more than 11 years of work experience including in his previous role as Vice President, Investments at Windy Investments (Part of Burman Family Holdings), where he was responsible for formulating and executing investment strategy in listed and unlisted equities. Previously, Abhas worked with Kotak Institutional Equities as a Financial Analyst, where his work was covered by leading financial media including the Financial Times, Business Standard, Asian Age, among others. Abhas has completed his Post Graduate Diploma in Business Management from XLRI, Jamshedpur and B.E. from Netaji Subhas University of Technology (NSUT), Delhi
Divya Marwah
Compliance
Divya serves as the compliance officer of Burman Capital Management. With a total work experience of 5 years, Divya Marwah is a qualified company secretary having experience in SEBI (Portfolio Managers), Regulations, 1992 and ensuring secretarial compliances under Companies Act 2013. She also has hands-on experience in handling matters in relation to registration under Real Estate (Regulation and Development) Act, 2016.
She is an Associate Member of the Institute of Company Secretaries of India and a Commerce Graduate from Indra Gandhi National Open University.
Jatin Sangwan
Investments
Jatin is currently working as an Investment Associate at Burman Capital Management and assists in the firm’s equity investments in India. Before joining Burman Capital, he worked as an Equity Research Associate at Kotak institutional Equities and was a part of the Banking & Financials team. He joined Goldman Sachs after completing his MBA and worked as an Investment Analyst in their Emerging Markets Equity team. He has completed his MBA from IIM Calcutta and B. Tech from NIT, Kurukshetra. Prior to his MBA, he worked with Inductis (analytics consulting arm of EXL Service) as Senior Business Analyst for close to two years.
Nitesh Dutt
Investments
Nitesh currently works as an Investment Associate at Burman Capital Management and assists in the firm’s equity investments in India. He has previously worked as a consultant at McKinsey & Co for ~29 months. He has completed his MBA from IIM Calcutta and B. Tech from IIT (ISM) Dhanbad. Prior to his MBA, he worked with ZS Associates (healthcare consulting firm) as a Decision Analytics Associate and founded Edurik Learning Solutions (an e-learning platform).
Nitish Sharma
SR. Executive IT
Nitish is currently working as an SR. Executive IT at Burman Capital Management, and he is in charge of all technical support and solutions. He is an experienced IT engineer with over 6 years of industrial exposure. He holds a Diploma in Information Technology from Jetking and is certified in JCHNPC. He previously worked as a Senior Executive IT at Devyani International PVT. LTD, where he was responsible for Technical Support.
Pranay Roop Chatterjee
Investments
Pranay currently serves as an Investment Associate at Burman Capital Management and assists in the firm’s equity investments in India. He has previously worked on M&A transactions in the banking & insurance industry in EMEA as an investment banking analyst at Goldman Sachs. He has completed his Diploma in Business Management (Finance) from XLRI Jamshedpur and B.A.(Hons.) in Economics from Jadavpur University, Kolkata.
Ranjeet Gandhi
Operations
Ranjeet currently serves as a Head Operations at Burman Capital Management. He has almost 25 years of experience and holds an MBA in Finance from ICFAI. He started his career at Ranbaxy Holding, worked at Religare Securities Ltd. New Delhi, Gulf Custody Company, Kuwait and later at SMC Global Securities Ltd. His role involves executing operational processes with accuracy and timeliness, ensuring that investment strategies align with client objectives and regulatory requirements. His focus is on delivering optimal outcomes for our clients, while managing risk and upholding operational excellence.
Resources
Statutory documents and forms
Newsletters and presentations
Contact Us
2ND FLOOR, 9-10 EXPRESS BUILDING, BAHADUR SHAH ZAFAR MARG, New Delhi, Delhi, 110002
For direct on-boarding and investors complaints, please write to us on below email address:support@burmancapital.com
Gaurav Burman
Director
Gaurav serves on the board of Burman Capital Management. He is a Director of Dabur International and a 5th generation member of the family that founded Dabur over 135 years ago. Dabur has today grown to become amongst the largest Indian FMCG company and has a market capitalization of more than US$12 billion. Gaurav manages his family’s investment program, which has an investment portfolio with a value of more than US$1 billion and has been responsible for many of these joint ventures and investments. At the same time, he is on the board of various financial services, consumer goods and healthcare companies. He holds a graduate degree from Tufts University with a dual BA in Economics and History.