– 01
Research-led
Fundamental research sits at the centre of every decision. We write the thesis before we take the position, and we maintain it afterwards.
UAE-Regulated · Sharjah Free Zone
Where capital meets conviction.
An independent, research-led firm investing beyond borders. Long-horizon capital across India and developing markets, with risk managed from the first day of every mandate.
Or book a call
Where our research focuses
Sector Research.
Within India and developing markets, our research keeps returning to the businesses building the next decade. We are not bound to a sector – we go where the underwriting is strong. Open any sector below to read the framework we actually use: how the market is structured, how money is made, the diligence questions we ask, the KPIs we track, and the numbers that frame it.
Auto Ancillaries
Tractors
Machine Tools
Alcohol Beverages
Dairy
Food
Retail & Fashion
Footwear
Hospitality
Personal Care
Hospitals
Diagnostics
Pharma
Defence
Aerospace
Shipbuilding
Drones
CCTV
PEB
Ports
Railways
Power
Smart Meters
Data Centres
Cybersecurity
Legal Tech
Music
Co-working
Aviation
EV Batteries
Green Hydrogen
Recycling
These are research frameworks within our equity mandates, not separate sectors we allocate to, and nothing in them is investment advice or a recommendation. Longer-form work is published in Insights, and the way we think is set out in our philosophy.
The Firm at a Glance
Four things worth knowing first.
– 02
Long-horizon
We look for durable businesses and structural opportunities, and hold them patiently. Short-term market noise is not an input to our process.
– 03
Cross-border
Our work spans India and developing markets, read against the global forces moving capital, currencies, and industries.
– 04
Risk-governed
Portfolio construction and risk sit inside the investment decision, not after it. Limits are set at the start of a mandate, not during a drawdown.
About Silvercoin
Built for the patient investor.
Silvercoin was built around a simple conviction: knowing is cheap, understanding is rare. Information has never been more abundant, and the work of asking the right question of the right business, at the right time, has never been scarcer.
The firm’s founding bench came out of the Indian buy-side, working across listed equities, pre-IPO transactions, and private equity. That desk taught us how to read a business past its filings, how to sit with a thesis long enough to test it properly, and how to walk away when the work does not support the price.
We apply that discipline now on our own terms, for a deliberately small number of clients who want a thoughtful partner rather than a product.
Learn more about SilvercoinFirm Details
Entity
FZC LLC
Licence
No. 4421996
Base
Sharjah, UAE
Focus
India & developing markets
Approach
Long-horizon
Engagement
Mandate-based
What Guides Us
Three lenses we bring to every idea.
These are not house rules pinned to a wall. They are the questions we actually work through before capital is committed – and the ones we return to when a position stops behaving as we expected.
– 01
Fundamental Research
Independent, bottom-up work on the business itself: what it earns, how durably, who runs it, and how they allocate capital. Written theses, scenario modelling, and honest maintenance when facts change.
– 02
Megatrend Lens
Long-term forces read deliberately: demographics, digitisation, capital formation, the energy transition, consumption, and economic development. Structural change decides which businesses get a tailwind for a decade.
– 03
Risk at the Centre
Position sizing, liquidity, downside scenarios, concentration, and governance are part of the investment decision itself – weighed as the thesis is written, not reviewed once it has gone wrong.
How these lenses are applied in sequence – the business, the people, then the price – is set out in our investment philosophy.
Investment Mandates
Built around the investor, not the market.
Every relationship starts with understanding the investor. What the capital is for, how long it can stay invested, and what must not be done with it – all settled before any discussion of portfolio implementation.
Explore our investment mandate-
ObjectivesWhat the portfolio is intended to achieve. Capital preservation, growth, income, or a defined combination of them.
-
HorizonHow long the capital can remain invested. From medium-term to multi-generational. Horizon governs volatility tolerance and liquidity.
-
ConstraintsWhat the mandate must respect. Liquidity requirements, jurisdictional considerations, tax circumstances, exclusions, and any specific restrictions.
-
SuitabilityWhether the fit is genuine. Investor eligibility, risk understanding, and applicable regulatory requirements – confirmed honestly, in writing, before anything is signed.
Who we work with
- Qualified individual investors
- Family offices, single and multi-family
- Institutional allocators
- Endowments and foundations
- Domestic UAE investors
- Offshore and non-resident investors
Eligibility depends on your investor category and country of residence. Some jurisdictions are straightforward, others take longer, and a few we cannot serve. We confirm feasibility early – see Eligibility & Jurisdiction.
Strategies
What you can invest in.
Three strategies, each focused on a specific equity universe. The same research bench sits behind all of them.
– 01
India Equity
A concentrated, long-horizon portfolio of Indian listed equities. Bottom-up selection with a quality bias and patient construction.
View strategy– 02
Developing Markets
Equities across emerging and frontier markets beyond India. Opportunistic country and sector selection, underwritten the way we underwrite at home.
View strategy– 03
Emerging Markets Equities
A broader, concentrated EM equity strategy. High-conviction selection with explicit sector and country limits, and transparent attribution.
View strategy
Strategies describe what you can invest in. The operational work behind them – research, due diligence, portfolio management, offshore structuring, and advisory – sits under Capabilities. Strategies are accessed through individual mandates; feasibility, fees, reporting cadence, and jurisdictional fit are confirmed in conversation. All investments carry risk, and no strategy’s outcomes are guaranteed. Past performance is not a reliable guide to future results.
Investment Process
A repeatable process, applied with care.
The same five stages run behind every mandate, in the same order, documented at each step. Investment decisions are made inside a process, not around one.
-
– 01
Define the Mandate
Objectives, horizon, constraints, and suitability, agreed in writing.
-
– 02
Research & Underwrite
Bottom-up work, governance review, and a written thesis per position.
-
– 03
Construct
Position sizing against conviction, liquidity, and downside.
-
– 04
Execute & Monitor
Measured deployment, then continuous exposure and thesis review.
-
– 05
Report & Review
Structured reporting against the brief agreed at the start.
Risk Management
Risk sits at the centre, not the margin.
Risk parameters are set while conditions are calm and decisions are unhurried. By the time markets are difficult, the limits that matter should already be written down and agreed.
Explore our risk framework- →
Position sizing. Every position earns its size through conviction, liquidity, and an explicit downside scenario – not through narrative.
- →
Liquidity governance. Portfolio liquidity is kept consistent with what the mandate requires, with explicit limits on illiquid exposure.
- →
Drawdown awareness & controls. Tolerance is defined at mandate level and reviewed independently, before adverse conditions arrive.
- →
Independent oversight. The risk function sits apart from the investment team, with authority to raise concerns and trigger review.
Governance & Reporting
Oversight you can inspect.
Institutional allocators are entitled to see how decisions are governed and how outcomes are reported, before they commit. All three are documented.
01
Governance
Investment committee, risk committee, compliance and audit, and board oversight – four layers, with documented rationale behind decisions.
View governance02
Reporting
Quarterly performance against mandate objectives with attribution, risk and exposure updates, annual review meetings, and ad-hoc notes on material change.
View reporting03
Disclosures
Conflicts of interest, best execution, complaints handling, regulatory registrations, and risk disclosure.
View disclosuresStart a Conversation
Begin with a conversation, not a commitment.
The first discussion is exploratory, with no obligation on either side. We talk about your objectives, horizon, and constraints – and we will tell you plainly if we are not the right fit.