Carnelian Asset Management & Advisors Private Limited

RIASEC RegisteredEst. 2026
Total AUM
$1.5B
Discretionary
$1.5B
100% of AUM
Avg account
$330K
Accounts
4,540
Employees
73
Advisory reps
5

Firm details

Headquarters
Mumbai Maharashtra,
CRD number
335103
Registered since
May 11, 2026
Custodians
NUVAMA CUSTODIAL SERVICES LIMITED
Fee structure
Percentage of AUM, Fixed Fees, Performance Based Fees
Client types
  • HNWI63.71%
  • Pooled Investment Vehicles36.29%
Services
Portfolio Management for IndividualsPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Carnelian Asset Management & Advisors Private Limited is a corporation that provides discretionary portfolio management across individual, pooled-vehicle, and institutional mandates. The firm reports SEC registration in 2026 and is owned by an individual. Its client mix spans individual and family clients as well as institutional investors. Fee arrangements include asset-based fees, fixed fees and performance-based fees. Carnelian identifies equities as a preference and is not classified as an active ESG investor or a multi-state adviser. It also indicates it is not a capital allocator, pension consultant, or a related adviser. The firm participates in pooled-vehicle activity beyond advisory: it lists roles as sponsor, general partner and managing member of pooled investment vehicles, which suggests it not only advises but can take governance and operational responsibilities for private vehicles it manages.

Assets & Accounts

Public Holdings

Investments & Alternatives

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 97%, Cash & Cash Equivalents 2%, Non-Exchange Traded Equities 1%97%
  • Exchange Traded Equities97%
  • Cash & Cash Equivalents2%
  • Non-Exchange Traded Equities1%

Owners & executives

2 of 2
  • Pankaj Namdharani

    Chief Operating OfficerCRD 8181086

  • Swati Khemani

    Founder & CEOCRD 8181081

Contacts

3 of 3
  • Swapan Dutta

    Vice President of LegalCRD 8181088

  • Vikas Khemani

    FounderCRD 8181080

  • Manoj Bahety

    FounderCRD 8181082

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

Location

Primary office

Mumbai Maharashtra, null

Location

Mumbai Maharashtra, null

Headquartered in Mumbai Maharashtra, null.

Address
1205/1206 One Lodha Place
Office locations

Similar firms

Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth