Abhishek Bhardwaj
A Chartered Accountant who worked through credit ratings, mutual-fund research, two foreign-institutional sub-advisory desks and an insurance equity book before co-founding Green Lantern Capital in December 2016. APMI names him as the fund manager of both of the firm's strategies — and roughly 96% of the money across the two sits in one of them, the small- and mid-cap Growth Fund.
Is Abhishek worth your time?
A research-and-ratings background applied to a boutique book. Bhardwaj is Managing Partner, Principal Officer and Portfolio Manager at Green Lantern Capital LLP, which SEBI registered as a portfolio manager on 7 September 2017 under INP000005829. The firm's own disclosure document traces him from CARE Ratings as a credit rating analyst, through Reliance Capital Asset Management and Reliance PMS, to Heritage Capital India and Monsoon Capital, and then to an equity portfolio-manager seat at Star Union Dai-ichi Life Insurance. He runs two investment approaches: the mid- and small-cap GLC Growth Fund, live since December 2017, and the mid- and large-cap GL Alpha Fund, live since February 2020. Two qualifiers before the record: the Growth Fund dominates the book almost entirely, and he is the only named manager on either strategy.
Investors who want a small- and mid-cap book run by a single accountable decision-maker at a boutique, and who accept that this means owning that person's judgement rather than a committee's. It suits a three-to-five-year horizon at minimum, matching both the strategy's stated holding period and an exit load that runs into a second year. It suits someone who has read the Growth Fund's monthly record and is comfortable with the depth of its drawdowns. If you want a diversified manager line-up, or capital you can withdraw without cost inside two years, this is not it.
- Roughly 96% of the money across his two strategies sits in the Growth Fund alone.
- That fund is mid- and small-cap, where falls are deeper and recoveries slower than the benchmark's.
- He is the only fund manager APMI names on either strategy — concentrated key-person risk.
- The exit load runs two full years, at 3% then 2%, so the money is not cheaply reversible.
About Abhishek Bhardwaj
Abhishek Bhardwaj is Managing Partner, Principal Officer and Portfolio Manager at Green Lantern Capital LLP, the Mumbai firm he co-founded with Nilesh Doshi in December 2016 and which SEBI registered as a portfolio manager on 7 September 2017. APMI names him as the fund manager of both of the firm's investment approaches, the GLC Growth Fund and the GL Alpha Fund.
He is a Chartered Accountant of the Institute of Chartered Accountants of India. He began at CARE Ratings as a credit rating analyst from 2002 to 2004, then joined Reliance Capital Asset Management, moving from mutual-fund research into Reliance PMS and becoming a portfolio manager in July 2007. He spent 2008 to 2012 at Heritage Capital India and 2012 to 2013 at Monsoon Capital before managing equities at Star Union Dai-ichi Life Insurance.
Career
- Dec 2016 – present
Managing Partner, Principal Officer & Portfolio Manager, Green Lantern Capital LLP
Co-founded the firm with Nilesh Doshi; date of appointment recorded as 3 December 2016 in the firm's SEBI disclosure document. APMI names him fund manager of both GLC Growth Fund and GL Alpha Fund as of 31 July 2026.
- before Dec 2016
Equity Portfolio Manager, Star Union Dai-ichi Life Insurance Company
The insurance equity seat immediately before he co-founded Green Lantern. The firm's disclosure document does not state the size of the book or the exact dates; a third-party PMS platform describes the role as Head of Equity managing around USD 300 million.
- 2012 – 2013
Monsoon Capital
One of two Indian sub-advisor roles to foreign institutional investors, in senior research and analyst positions.
- 2008 – 2012
Heritage Capital India
The longer of the two sub-advisory postings, in a Head of Research capacity per the firm's disclosure document.
- c. 2004 – 2008
Reliance Capital Asset Management, then Reliance PMS
Began as a research analyst on the mutual-fund side, later moved to the PMS business and was promoted to portfolio manager in July 2007, a role held until March 2008.
- 2002 – 2004
Credit Analysis and Research Ltd (CARE Ratings)
Started his career as a credit rating analyst — the credit grounding that preceded the move into equities.
Six principles
Margin of safety first
The firm's stated anchor is the price paid relative to intrinsic value. The Growth Fund's own description names valuations that provide a margin of safety as a selection criterion, not a preference.
Industry leaders and emerging leaders
Both approaches screen for businesses that already lead their sector or are on the way to it, rather than for cheapness alone.
Return on equity as a quality filter
The Growth Fund looks for companies with the ability to generate healthy returns on equity — the firm's proxy for a business that compounds rather than just grows.
Two books, two market-cap bands
Growth runs mid- and small-cap; Alpha runs large and larger mid-cap within a multi-cap allocation. The split is deliberate, and it is where almost all of the risk difference between the two sits.
Balance sheets and free cash flow in the larger book
The Alpha Fund's stated criteria are strong balance sheets, superior earnings growth and steady free cash flow generation — a more defensive brief than its sibling.
Horizons of years, priced in
The firm states a three-to-five-year horizon for Growth and two-to-three for Alpha, and backs it with an exit load that runs into a second year.
The call that shows the method working
Confirmed on the register, and clean on the enforcement record
The Association of Portfolio Managers in India, the SEBI-recognised self-regulatory body for the PMS industry, records Abhishek Bhardwaj as the fund manager of both the GLC Growth Fund and the GL Alpha Fund as of 31 July 2026. APMI's own register of portfolio managers confirms Green Lantern Capital LLP's SEBI registration number, INP000005829, and its registration date of 7 September 2017. Those are independent confirmations of the seat and of the licence behind it.
The firm's SEBI disclosure document adds the part investors most often cannot check: the enforcement record. It records 'Nil' against every head — penalties imposed by SEBI, penalties for economic offences or securities-law violations, pending material litigation or criminal cases against the portfolio manager or key personnel, deficiencies in systems and operations observed by any regulator, and enquiry or adjudication proceedings against the firm, its directors, its principal officer or its employees. We found nothing to contradict that.
What the register does not do is spread the risk. It names one manager on two approaches, and one of those approaches holds roughly 96% of the money.
- 2002 – 2004Begins at CARE Ratings as a credit rating analyst
- Jul 2007 – Mar 2008Promoted to portfolio manager at Reliance PMS, after research work at Reliance Capital Asset Management
- 2008 – 2013Heritage Capital India, then Monsoon Capital — Indian sub-advisors to two foreign institutional investors
- 26 Dec 2016Green Lantern Capital LLP incorporated in Mumbai; he is appointed on 3 December 2016
- 7 Sep 2017SEBI grants the firm portfolio-manager registration INP000005829
- 8 Dec 2017GLC Growth Fund inception — the mid- and small-cap book that now dominates the firm
- 13 Feb 2020GL Alpha Fund inception — the mid- and large-cap sibling
- 26 Sep 2023Pradeep Gokhale joins as Partner & Portfolio Manager, adding a second portfolio manager to the firm
- 31 Jul 2026APMI records him as fund manager of both approaches
How the strategies have performed
Trailing returns, net of fees, annualised beyond one year. Shown only when sourced and dated; missing figures are unavailable, never zero.
| Strategy | 1Y | 3Y | 5Y | Since inception |
|---|---|---|---|---|
| Green Lantern - Alpha Fund | +12.5% | +25.82% | +21.99% | +30.01% |
| Green Lantern - Growth Fund | +9.08% | +31.14% | +29.7% | +22.71% |
Your return will not be the headline number. This is the spread of Abhishek's 2 tracked strategies' 3-year CAGR. Which strategy you hold, and when you invested, both move your outcome. Strategy-level dispersion, not a record of individual client accounts.
Figures are historical, unaudited and third-party reported, as of 2026-06-30. Past performance is not indicative of future returns.
What to press Abhishek on
Bring these to the call.
Are you really buying two strategies?
On APMI's figures the Growth Fund holds roughly 96% of the combined book. Ask what the Alpha Fund is for, whether it is being wound towards or away from, and what happens to it if it does not scale.
Who runs the book if he stops?
APMI names him alone on both approaches. Ask the firm, in writing, who the designated successor is, whether Pradeep Gokhale would take over, and what the notification process to clients would be.
Which claims come from the firm?
The Star Union 'Head of Equity' title, the USD 300 million figure and the 2010 Eurekahedge ranking are not in the firm's SEBI disclosure document. Ask the firm to confirm or drop them before you weigh them.
How bad has the bad been?
A mid- and small-cap book falls harder than its benchmark. Ask for the Growth Fund's worst peak-to-trough drawdown, the date it happened and how long recovery took — not just the trailing returns.
What are you actually paying?
APMI states the fees as ceilings — 'up to' 2.50% fixed, or 'up to' 1.50% plus 'up to' 12% profit share above a hurdle of 'up to' 10%. Ask for the exact rate on your plan, the hurdle, the high-water-mark treatment and the exit load schedule.
How much more can the Growth Fund take?
A small- and mid-cap strategy has a size beyond which its own buying moves the price. Ask what capacity the firm has set for the Growth Fund and whether it will close the strategy on reaching it.
Do the two funds hold the same names?
One firm, one house framework, two approaches. If you are shown both, ask for the current holdings overlap between Growth and Alpha before you treat them as diversification.
How they compare
Comparable managers on the platform, by asset class and category · live fund figures.
| Manager | 1Y | 3Y | AUM | Nyra |
|---|---|---|---|---|
| Rajesh Kothari AlfAccurate Advisors - AAA Budding Beasts · PMS | +15.9% | +21.8% | ₹0 Cr | 8.4 |
| Salvin Shah Aditya Birla Sun Life (ABSL) - SSP · PMS | +9.8% | +24.4% | ₹0 Cr | 8.4 |
| Kaushal Kedia Wallfort-Avenue Fund · PMS | +31.4% | +26.6% | ₹160.31 Cr | 8.3 |
| Romil Jain Electrum - Laureate Portfolio · PMS | +14.4% | +21.3% | ₹0 Cr | 8.2 |
Abhishek Bhardwaj · FAQ
What does Abhishek Bhardwaj manage?
How is the money split between the two strategies?
Does he run these strategies alone?
What are his qualifications?
Has SEBI taken any action against the firm or against him?
What is the minimum investment, and what are the fees?
Considering Abhishek's strategy?
We'll pull the current Disclosure Document, the actual fee schedule, and a portfolio-overlap check against what you already own.
PMS Sahi Hai is a distributor (APMI Reg. APRN08358), not a SEBI-registered Investment Adviser. APMI registration does not constitute an endorsement. We are paid by the product manufacturer; this does not change the price you pay. PMS & AIF investments are subject to market risks; past performance is not indicative of future returns. This is not investment advice. PMS Sahi Hai is an independent marketplace and is not affiliated with Abhishek Bhardwaj.