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The Team

The people behind the fund

The founder and research desk of Equisculpt Novem Fund, and Dewberry Investment Management Ltd - the Mauritius-based, FSC-licensed investment manager: seasoned emerging-markets specialists across Indian equity research, offshore fund structuring, portfolio management and cross-border fiduciary oversight.

110+ yrs
Combined Experience
Across the investment team
$1bn+
Assets Managed
By the team across mandates
100+
Companies Covered
Under research, globally
India
Core Focus
Anchor, pre-IPO, QIP & QIB advisory
The People

Leadership & investment team

The founder of the fund, the investor-relations lead, and the directors of the investment manager and of the fund - the people behind research, portfolio decisions, fiduciary oversight and investor relations.

Jitendra Agrawal

Jitendra Agrawal

Founder & Research Analyst - Equisculpt Novem Fund

A senior executive with over twenty years of leadership experience managing complex, multi-jurisdictional operations across Asia, Europe, the USA and Africa. Founder of Equisculpt Novem Fund and research analyst to the fund - working alongside the Dewberry investment-management team - with a reputation built on integrity, transparency and disciplined decision-making. His expertise spans structured operational governance, risk identification and mitigation, and due diligence of counterparties.

MBA (Marketing) · M.Com, Rajasthan University · diplomas in management, financial management & marketing

Milin Raijada

Founder, Equisculpt Ventures - Investor Relations & Distribution Partnerships

Fifteen years in equity markets. Founder of Equisculpt Ventures, the independent Indian advisory firm whose anchor-IPO and pre-IPO sourcing record sits behind the fund’s strategy and is published deal-by-deal, including losses. He leads investor relations and distribution partnerships for the fund outside India - placement agents, external asset managers, private banks and family offices - and is the point of contact for allocators conducting diligence.

Equisculpt Ventures is an independent entity: it shares one common director, Jitendra Agrawal, with the fund, and there is no cross-shareholding in either direction. Milin Raijada holds no interest in the fund and receives no fee from it.
Mithilesh Soobarah

Mithilesh Soobarah

Director

Fourteen years’ experience, thirteen in investment management, with a track record of investing into emerging markets. His work spans setting up investment funds, portfolio construction and investment advisory for institutional clients. He serves as an independent director on several offshore investment funds and an advisory firm.

MSc Investment & Finance, Middlesex University London · BSc Banking & International Finance, University of Technology, Mauritius
Devendra Seebaluck

Devendra Seebaluck

Director - Board of the Fund · Investment Committee

More than twenty years in financial services across equity trading, asset management, wealth management and portfolio construction. Devendra is a fund manager for funds investing primarily in India, bringing direct execution experience in the markets the fund operates in.

MBA & MSc Investment & Finance, Middlesex University London
Maariyah Bahemia-Hossany

Maariyah Bahemia-Hossany

Director

Over twenty years in the international financial services sector, including roles in Bermuda with Lombard Odier Darier Hentsch and Arthur Morris Christensen, having begun her career with Multiconsult and Standard Bank Trust. She brings deep cross-border fiduciary and trust expertise to the firm’s governance.

ACCA · STEP Diploma - cross-border fiduciary & trust

Amal Autar

Director

A seasoned professional and leader in the Global Business and Trust industry in Mauritius, with twenty-five years’ expertise including over ten at senior leadership level. He advises corporates and high-net-worth clients on international structuring, trust and estate planning, and was instrumental in establishing Cantilever Family International in Mauritius, where he continues to serve as Director.

Graduate, University of the Witwatersrand · Associate, UK Institute of Chartered Secretaries & Administrators · STEP

Team biographies, experience and qualifications are as provided by the firm. Dewberry Investment Management Ltd is the investment manager to Equisculpt Novem Fund. Jitendra Agrawal is the founder of the fund and serves as research analyst to the fund, in addition to the investment manager’s team.

Independent Diligence

A dedicated Indian audit & due-diligence team

Behind every position stands an on-the-ground Indian audit and due-diligence team of more than ten professionals. It independently analyses and diligences each investment the fund considers, and delivers its report directly to the Investment Committee - so every recommendation is formed with an independent view on the table.

10+ professionals Chartered Accountants Ex–S&P Former statutory auditors Ex–Ernst & Young analysts
Investment Discipline

Investment Committee

Every position, entry and exit is recommended by the Investment Committee and approved by the board of the investment manager, as constituted in the offering documents.

Devendra Seebaluck

Devendra Seebaluck

Member

Mithilesh Soobarah

Mithilesh Soobarah

Member

Jitendra Agrawal

Jitendra Agrawal

Member · Founder

Governance

Board of the Fund

The board of Novem Prime Incorporated VCC Sub-Fund, as set out in the offering documents.

Devendra Seebaluck

Devendra Seebaluck

Director

Two decades in financial services; multi-million-dollar client and corporate portfolios; published in Business Magazine and IFC Review.

Nawsheer Emamdy

Director

Finance and operations professional with over fourteen years in fund administration, governance, compliance and financial reporting; Group Manager and Operational Lead at KFS (Mauritius) Ltd.

Jitendra Agrawal

Jitendra Agrawal

Director · Founder

Founder of Equisculpt Novem Fund and research analyst to the fund; senior executive with over twenty years of multi-jurisdictional leadership.

Core Capabilities

What the firm does

Fund structuring

Setting up and administering regulated offshore investment vehicles.

Portfolio construction

Emerging-markets equity trading and asset allocation.

Investment advisory

Institutional advisory across India-focused mandates.

Fiduciary & trust

Cross-border trust, governance and independent oversight.