Credent Asset Management and Group Frameworks have formally transitioned to AMPL Capital.

AMPLCapital
About AMPL Capital

A unified multi-asset franchise, engineered for institutional scale.

AMPL Capital is a BSE-listed, RBI-regulated NBFC and SEBI-registered Asset Management firm. The May 2026 rebrand consolidates every legacy Credent entity into a single institutional identity spanning AIF, PMS, RIA, structured credit, and cross-border advisory.

Pedigree · Evolution · Philosophy

From a regulated NBFC to a unified multi-asset franchise.

The AMPL platform consolidates a decade of disciplined capital allocation across credit, public equities, alternatives, and advisory. The May 2026 rebrand unifies every legacy Credent entity under one institutional identity engineered for cross-border scale.

Unified Diversification

A rare franchise where AIF, PMS, NBFC credit, and advisory service lines supplement one another to deliver asymmetric platform value rarely matched in the Indian market.

Human Expertise

Seasoned human judgment reinforced by computational rigour. Every position is underwritten by a senior practitioner with skin-in-the-game conviction.

Strong Foundation

Balance-sheet strength built on regulated NBFC foundations, ensuring institutional resilience through full economic cycles and rate regimes.

Servitude

Sophisticated products that go the extra mile. We craft each mandate around the client's regulatory frame, succession, and cross-border realities.

Corporate Evolution Timeline

Nine milestones. One institutional trajectory.

2017 — 2026
  1. 2017

    RBI-Regulated NBFC

    Incorporation as an RBI-regulated Non-Banking Financial Company.

  2. 2018

    Asset Management Foray

    PMS launch & consortium funding establish the multi-asset trajectory.

  3. 2019

    Investment Banking Division

    Buy-side and sell-side advisory practice formally launched.

  4. 2021

    Oracle Credit Acquisition

    Acquired Oracle Credit Ltd (BSE Listed NBFC) and real estate fund.

  5. 2022

    SEBI AIF Licences

    Category II and Category III AIF licences secured from SEBI.

  6. 2023

    Rights Issue

    Corporate Rights Issue successfully raised equity growth capital.

  7. 2024

    Retail Lending Ecosystem

    Dealer / vendor supply-chain financing platform launched.

  8. 2025

    MFI Equity Stake

    Strategic acquisition of minority equity stake in an MFI directly from SIDBI.

  9. 2026

    AMPL Unified Re-Brand

    All Credent entities formally integrated under the single AMPL identity.

Investment Philosophy

The Five Capital Virtues.

A strictly fundamental, quantitative framework. We do not optimise for arbitrary scoring systems — we underwrite cash-generative businesses with durable governance.

01

Superior Return on Capital Employed

Persistent ROCE leadership measured across full business cycles, not single windows.

02

Management Pedigree & Governance

Accounting cleanliness, audit hygiene, promoter alignment, and disclosure discipline.

03

Expanding Total Addressable Market

Underwriting tailwinds of structural TAM expansion, not cyclical demand spikes.

04

Deep Valuation Margin of Safety

Relative and absolute valuation modelling embedded into every entry decision.

05

Underwritten Special Situations

Turnarounds, expansion disruptions, and policy-led re-rating events.

Institutional Leadership & Governance

A bench of practitioners. Not a generation of managers.

Every senior allocator at AMPL has lived through full economic cycles. Decisions are underwritten by accountable individuals, not abstracted committees.

Management Team

Directors, fund managers & co-founders.

AK

Aditya Kanoria

Director
Postgraduate, XLRI Jamshedpur

18+ years across financial services. Former senior management at Motilal Oswal and Capital First; spearheads institutional client architecture.

MS

Mandeep Singh

Director
Postgraduate, SIBM Pune

18+ years of distribution leadership across broking and AMC franchises spanning Indian and European markets.

MC

Mohit Chheda

Director
Master's in Finance, University of Exeter · LSE Derivatives

Capital markets expert with 10+ years managing large family-office capital. Bachelor's in Management Studies.

NS

Naysar Shah

Fund Manager
Chartered Accountant · CFA Charterholder

22+ year track record in institutional equity research. Former senior fund manager at Birla Sun Life managing ₹2,500 Cr AUM.

MS

Madhusudan Sarda

Co-Founder
B.E. Chemical Engineering

20+ year public-market micro/small-cap expert. Co-founded Vallum Capital scaling AUA from zero to ₹1,000 Cr. Former Director of Research at Mehta Equities.

Research Team

Analysts underwriting every position.

DW

Dilpesh Waghela

Research Analyst
Equity Research

Deep-dive fundamental coverage across mid and small-cap universes with a focus on capital efficiency and unit economics.

PD

Pramod Devkule

Research Analyst
Financial Markets

Sector-focused analyst tracking earnings visibility, management commentary, and forensic accounting signals across the coverage list.

DS

Devansh Shah

Research Analyst
Equity & Credit Research

Builds and maintains the fund's trackable universe, growth-driver monitoring dashboards, and valuation composite lists.

NV

Naville Vichhivora

Research Analyst
Investment Research

Focus on sustainable competitive advantage assessment, cash flow-to-profit correlation, and margin-of-safety pricing.

HG

Harshal Gosrani

Research Analyst
Fundamental Analysis

Screens the checklist filters, tracks sector policy tailwinds, and supports portfolio construction across strategies.