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Institutional Equities

In 2010, Equirus embarked upon an exciting journey to become the first institutional equity research house based out of Ahmedabad. Today Equirus Securities is one of the leading domestic institutional equities brokerage firms in India with more than 180 companies under over coverage and empanelment with almost all domestic institutions and many leading FIIs.

Equirus is backed by a team of 25+ Analysts including domain experts in several key verticals including Industrials, Pharma, Metals & Mining, Power & Infrastructure, IT Services, Real Estate, Oil & Gas, Consumer Durables, Auto & Auto Ancillaries, Chemicals, Cement and Mid-Caps.

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What sets us apart

High Conviction ideas: Research effort is guided by Integrity, Intensity and Innovation
Track Record: Outstanding alpha from ideas recommended by us
Recognition: Consistently ranked for its stock picking by Thomson Reuters, Starmine, Asia Money, TIM and Institutional Investor

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Institutional Equities Team

Satish Kumar

Head of Equities

Satish Kumar is the Head of Equities at Equirus Securities. He has over 16 years of experience in Equity Research, widely covering the Metals and Mining, Oil and Gas, Utilities, Cement, Chemicals and Capital goods sector. Prior to Equirus he was associated with CIMB Securities as Head of India Research. He closely worked as a part of the critical member for India business strategy team at CIMB. Before CIMB, he was Director – Research with Bank of America Merrill Lynch.
Satish has also held position of a lead Analyst during his stint with Standard Chartered Securities & Nomura Securities covering broad spectrum of sectors. Satish is an alumnus of IIM Kolkatta and an Engineering Graduate. He can be reached at satish.kumar@equirus.com

Ashutosh Tiwari

Director & Head of Research

Ashutosh has over 10 years of experience in Equity research and 3 years in manufacturing. He was ranked No. 1 for Earning estimates in Auto Sector at Thomson Star Mine Analyst awards 2015. Prior to Investment banking, he has worked with Hindustan Zinc as Mining Engineer. He has done his B-Tech in Mining from IIT BHU and MBA from NMIMS. Ashutosh can be reached at ashutosh@equirus.com

Vishad Turakhia

Director & Head of Sales

Vishad has over 10 years of experience in Institutional Sales and Research. He was Instrumental in setting up the Institutional Sales Desk at his previous organization. Currently servicing FIIs based in Asia Pacific region along with Domestic Mutual Funds & Insurance companies. He has done his BMS & MBA from Mumbai University. Vishad can be reached at vishad.turakhia@equirus.com.

Maulik Patel

Director

Maulik has over 10 years of experience across Equity Research in the Oil & Gas and Textile sector. Before entering into Capital Market, he worked for 2 years with Tata Consultancy Services as project leader. He is a Computer Engineer, Post graduate from NMIMS, and has also cleared CFA, USA and FRM examinations.

Dhaval Dama

Director

Dhaval has over 8 years of experience as an Equity Analyst and has covered wide range of sectors like FMCG, Consumer Durables, Real Estate, Logistics etc. He differentiates his research by giving more focus to primary research. Prior to Equirus he has worked with a Buy side Proprietary fund and also has worked in Corporate Banking. He has completed his MBA in Finance from SIMSR and is a Chemical Engineering graduate.

Rohan Mandora

Vice President - Research

Rohan has over 8 years of experience in sell-side equity research and Banking. He has prior work experience with Yes Bank, ICICI bank and Quant Capital. He is alumni of XLRI, Jamshedpur and has completed his Engineering from DA-IICT.

Depesh Kashyap

Vice President – Research

Depesh is a Mid- Caps Analyst at Equirus. He has over 9 years of experience in Equity Research and has been tracking various Mid-Cap companies across sectors. Prior to Equirus, Depesh was associated with HSBC. He is a CFA Charter holder and an MBA from MDI Gurgaon.

Kaitav Shah

Vice President - Research

Kaitav has over 12 years of Experience tracking the BFSI sector with focus on the Banks and NBFCs. Prior to joining Equirus he was associated with SBICAP Securities and Anand Rathi Institutional Equities. Kaitav has been awarded for being the best Banking Analyst by Thomson Reuters & Wall Street Journal. He is a CFA Charter holder and an MBA from SIMSR.

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Rights & Obligations English; Hindi; Marathi; Gujarati
Risk Disclosure Document for Capital market and Derivatives segments English; Hindi; Marathi; Gujarati
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Equirus Capital Pvt. Ltd. 12th Floor, C Wing, Marathon Futurex, N M Joshi Marg, Lower Parel, Mumbai - 400 013
Phone: +91-22-4332-0600
Fax: +91-22-4332-0601
Email: contact@equirus.com

Corporate Office

Equirus Securities Private Limited.3rd floor, House No. 9, Magnet Corporate Park, Near Zydus Hospital, B/H Intas, Sola Bridge, S.G. Highway, Ahmedabad - 380054
Phone: +91-079-6190-9595
Fax: +91-079-6190-9560
Email: contact@equirus.com

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Jay Soni
Phone: +91-079-6190-9561
Email: jay.soni@equirus.com

For any complaints email at admin_equities@equirus.com

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