About us

We obsess over owning high-quality Indian equities at attractive prices.

We understand India at ground level, through lived experience, real conversations, and an intuitive sense of how businesses behave.

We combine large-scale data with deep on-ground diligence.
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Numbers matter, but only when validated by reality.

We earn when our investors do.

Suraag Capital is built on a simple, uncompromising principle:
The fund exists to serve its Limited Partners.

A majority of the founder’s personal capital is invested alongside LPs in the Suraag Capital Fund. Every decision we make is guided by a single question:

What is in the best long-term interest of our investors?

Our structure is deliberately designed around symmetry:

The NIFTY 500 TRI serves as the hurdle rate.
The bulk of our fees are performance-linked, not fixed.
Performance fees are earned only when returns exceed both the benchmark and the high-water mark.

In short, we earn only when our investors do.

Our performance is not measured year-to-year.
We evaluate outperformance over the full period of capital managed, ensuring the firm is aligned to long-term compounding rather than short-term results.

Made with

in India

We invest exclusively in India because it is a market we truly know and intuitively understand.

Our approach is disciplined and templatised, focused on identifying low-risk entry points into high-quality businesses. Each investment is backed by deep research, a clear underwriting framework, and identifiable catalysts.

Capital preservation comes first. Sensible, long-term compounding follows.

Investment Approach

About the Founder

Rishabh Aggarwal

Founder & CEO, Suraag Capital

Rishabh Aggarwal is the Founder & CEO of Suraag Capital, an India-focused, long-only public markets investment firm.

He brings over 15 years of experience in Indian equities, shaped by a family investing tradition spanning more than four decades.

Prior to founding Suraag Capital, Rishabh was a Principal at B Capital, a global venture capital firm with over $8 billion in assets under management, founded by Eduardo Saverin. At B Capital, he worked closely with founders, management teams, and boards across sectors, contributing across the full investment lifecycle from underwriting and portfolio strategy to exits, while developing a long-term perspective on capital allocation, governance, and business quality. 

Earlier in his career, Rishabh was a Business Analyst at McKinsey & Company, where he worked with leading Indian corporate houses on strategy, growth, and operational excellence. He began his professional journey with articleship at Ernst & Young and qualified as a Chartered Accountant, securing an All India Rank of 46 in the CA Final examination.