
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
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.
Diamond district,
Lower Ground Floor, Corporate Tower B,
150 Old Airport Road, HAL 2nd stage, Bengaluru
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Karnataka 560008, India