MS Capital

India Focused Investment Fund

About Us

MS Capital is a Bangalore-based investment firm focused on Indian public markets. We take a sector-agnostic, market-cap-agnostic approach, seeking the best risk-adjusted opportunities. Our investment process is driven by deep primary research and a long-term ownership mindset, with a focus on a company's ability to sustain free cash flow generation and high ROCE over time.

Investment Philosophy

Beyond the Top 200: We focus on companies outside the largest 200 listed stocks, where under-researched, smaller but well-structured businesses often grow faster.

Primary, Differentiated Research: Our research is deeply hands-on, leveraging direct operating experience to enhance accuracy, particularly in the small and mid-cap space.

Global Standards: We benchmark against top global investment frameworks, drawing on personal experience with leading international firms and institutes.

Technology-Driven: We integrate advanced research tools to improve depth, efficiency, and speed in evaluating investment opportunities.

Team

Chirag Fialoke

Founder, CIO

Harvard Business School, MBA
IIT Kharagpur. B.Tech

Chirag has 10+ years of experience in Indian public markets investing combining private equity-style diligence to deep understanding of business operations in India. An IIT Kharagpur and Harvard Business School graduate, he previously worked at WestBridge Capital and RatnaTraya Capital and operated and exited mid-sized business in India.

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Suruchi Fialoke

CTO

University of Pennsylvania, Ph.D.

I.I.T Kharagpur, B.Tech

Suruchi brings expertise in ML/AI and bioinformatics to strengthen MS Capital’s research and data-driven investment strategy. An IIT Kharagpur graduate with a PhD from the University of Pennsylvania, she has led bioinformatics and ML research projects at Pfizer and IIT Delhi.

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Team