Equirus Long Horizon Offshore Investments Secures Approval for Gift City Operations

Mumbai, December 1 2023: Equirus Long Horizon Offshore Investments is delighted to announce the successful approval for its operations in Gift City, marking a significant achievement in its growth trajectory. Equirus Wealth Private Limited (IFSC Branch) registered as Fund Management Entity with IFSCA and is Investment Manager of Equirus Long Horizon Offshore Investments.

Abhijit Bhave, MD and CEO at Equirus Wealth, said: “Equirus is dedicated to providing innovative and strategic investment solutions. The approval for Gift City operations aligns with our mission to empower our clients with access to diverse and newer investment avenues. We believe in creating long-term value, and Equirus Long Horizon Offshore Investments exemplifies our commitment to Asset management.”

Viraj Mehta, who is part of the Key Management Team of Equirus Long Horizon Offshore Investments’, brings a wealth of experience with a proven track record in asset management. His expertise lies in navigating the market, focusing on companies within the INR 500 crore to INR 7,000 crore market capitalization range. Notably, Viraj has demonstrated a keen ability to identify unknown yet strong companies, contributing to the success of Equirus PMS.

Equirus Long Horizon Offshore Investments is a category III Fund of Equirus IFSC Trust, with Axis Trustee Services Limited serving as the trustee.

Viraj Mehta, MD and Fund Manager at Equirus, said “Our approval for operations in Gift City signifies a pivotal moment for Equirus Long Horizon Offshore Investments. It’s a testament to our commitment to delivering value to our investors. We are enthusiastic about the potential and are poised to leverage our unique investment strategies to uncover untapped growth opportunities.”

In tandem with this achievement, Equirus proudly maintains a robust presence with 16+ years of experience spread across 26 offices spanning 23 cities. Serving a substantial clientele of 130k+ wealth management customers, Equirus has consistently demonstrated its prowess in wealth products. The firm’s impressive Wealth business, standing at $800+ million, further solidifies its position as a trusted partner for investors seeking strategic financial solutions.

Shilpa Gupta, Managing Director and Group COO at Equirus, shares her excitement about the latest milestone: “The approval for Gift City operations marks a significant stride for Equirus Long Horizon Offshore Investments. This achievement underscores our dedication to strategic growth, innovation and reinforces Equirus as a beacon of excellence in the financial industry. As we expand our footprint, we remain committed to delivering unparalleled value to our investors.”