Bhavesh Mamnia

Head of Research

Bhavesh has spent close to four decades living India’s equity markets end t oend. He has watched tiny microcaps mature into largecap franchises—a frontrow view that keeps his mind open to merit irrespective of size or fashion. Having worked through multiple cycles and crises, he remains a clear eyed optimist on India—tempered by history, not swayed by noise.

At Whitestone, Bhavesh is our research anchor and mentor. He helped shape our shift from transactions to thoughtful ownership and was instrumental in Hardik’s own journey from broker to longterm investor. His edge blends pattern recognition with groundwork: promoter track records, channel checks, cashflow reality, and an insistence on valuation discipline.

Focus: Idea origination • Industry structure analysis • Promoter due diligence • Thesis design & falsification • Converting scuttlebutt into decision ready research.

Snapshot: ~40 years in equities • Seen multiple market cycles & reforms • Mentor to the investment team • Wide sector knowledge & promoter histories