BlueOcean Asset Management is an India-based investment management firm founded by professionals with long standing experience in the Indian Capital Markets, having seen multiple cycles. The Group also owns a multi-family office. We are striving to build a specialist investment management platform grounded in trust, integrity and continuous learning.
Investment Approach
Our investing framework is built on value investing principles applied on patient capital over the long term. We aim to participate in the India growth story by thoughtfully investing in publicly traded equities of fast growing, well managed small & mid cap companies.
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Bottom-up, sector agnostic approach
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Promotor owned and driven businesses - "soul in the game"​
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Pricing power, long growth runway funded by internal accruals
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Clean balance sheet, low debt, low working capital ​
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Value while buying, momentum while holding
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Our first offering is BlueOcean Emerging India Fund 1, a SEBI registered Category III long-only Alternative Investment Fund (AIF).
Team
Nipun Mehta – Founder and CEO
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Nipun is a Fellow member of the Institute of Chartered Accountants of India and a veteran of the Indian Financial Services industry and the Capital Market. He has over 40 years of proven leadership experience across global and domestic institutions like Societe Generale, Edelweiss group and the IL&FS group, and across Capital markets – both primary & secondary, Private Banking and Wealth Management. Nipun’s last Corporate assignment was as Executive Director and India Head - Societe Generale Private Banking. He earned global recognition as “Global Outstanding Young Private Banker” for his work which spanned geographies and asset classes. Nipun has also played a key role in formulating regulatory policies for the Indian capital markets by being a part of advisory committees set up by SEBI.
Known for his astute ability to read corporate and economic trends and a deep understanding of the markets, he is frequently invited for his views on TV Channels and by global Newswire agencies and is a highly respected face on Business Television. He is a popular speaker at the ICAI, IIMs and business schools.
Lavneesh Mohan – Co-founder and CIO
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Lavneesh has over 25 years of experience across Financial Services & Corporate Strategy gained across entrepreneurial & traditional business houses. His experience includes functional areas like Investment Banking, Investment Management, and Corporate Strategy. ​
Lavneesh has worked with highly reputed companies like GE Capital, Edelweiss Financial Services, ENAM Asset Management, Quant Capital and Uniparts India. He is a self-taught long term value investor and is a keen observer of global macro trends, public and private markets, investment cycles and sector trends. ​
Lavneesh holds a MBA (Finance) from K.J. Somaiya Institute of Management, Mumbai and is a graduate from D.G. Ruparel College, Mumbai University with specialization in Statistics.
Vivek Mehta – Co-founder
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Vivek is a Chartered Accountant and MBA from IIM Ahmedabad, with a decade of experience across Wealth Management, Corporate Strategy and Operations, at companies such as Deloitte, Aditya Birla Management Corporation, BookMyShow and BlueOcean Capital Services. At BlueOcean, he manages HNI client relationships and allocates capital across asset classes. In his previous corporate roles, Vivek notably worked as part of the launch team of Eternia, the aluminium system windows business of Hindalco Industries. He was also a key member of the team that made investments in strategic initiatives at BookMyShow and worked on the company’s successfully completed $100 Mn Series D fundraise.
Board of Advisors
Ajay Bagga
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Ajay is a veteran of the Indian Financial Services industry with 30+years’ experience in Capital Markets, Banking, Fund Management and Structured Finance. Starting at Citibank in 1990, he has held senior roles at global market leaders like Citigroup, Pioneer Funds, General Electric, Fullerton Funds of Temasek and Deutsche Bank.
He was the CEO of Kotak Mahindra Asset Management and Lotus India Asset Management, and the Country Head and Managing Director for Deutsche Bank India’s Private Wealth Management division. Ajay was the Chairman of the Financial Planning Standards Board of India and serves on the Boards of many companies. He is a regular contributor to electronic and print media, with more than 10,000 TV appearances.
Ajay is a PGDBM (equivalent to MBA) from XLRI, Jamshedpur and holds a First-Class B.A. Honours Degree in Political Science from the Hindu College, Delhi University.
Nihar Jambusaria
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CA. Nihar N Jambusaria qualified as a Chartered Accountant in 1984 and served as the President of Institute of Chartered Accountants (ICAI) in 2021-22. He has over 40 years' experience in Accounting & Taxation.
After retiring as Senior Vice President - Reliance Industries Ltd. in April, 2020, he founded Namaha Advisors providing consultancy in Direct Tax, International Tax, Mergers & Acquisitions, FEMA and Business Restructuring, to private and public sector organizations.
He is an Independent Director on the Boards of India Infoline Finance Ltd., IIFL Samasta Ltd., Clearing Corporation of India Ltd., among others.
Sandeep Dasgupta
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Sandeep Dasgupta is an Electronics Engineer and MBA from IIM, Ahmedabad. He has over 35 years of experience in Indian Financial Services industry in the areas of Asset Management, Retail Distribution and Investment Banking.
Sandeep worked with the AXA group’s JVs in India for around 15 years and retired as CEO of BOI AXA Investment Managers (formerly Bharti AXA); a joint venture between Bank of India and AXA Investment Managers. Prior to joining AXA, Sandeep was the CEO of Deutsche Asset Management in India. Before joining Deutsche, Sandeep worked with ICICI Limited, HSBC group, ENAM Financials, ITC Threadneedle and Alliance Capital Asset Management.
Sandeep has published a book titled “Balancing Mind, Matters and Money” in the year 2022.