Pune, 16 December 2022: Abhijeet Pai, a Hyderabad-based entrepreneur and industrialist, today joined the founding team of True Beacon as a General Partner. As Co-Founder, Abhijeet will forge new partnerships, help expand the client product suite, and focus on originating and executing private deals for True Beacon’s client base. His induction to the company further increases the strategic value opportunities offered to True Beacon clients who are currently investing in Alternative Investment Funds, Portfolio Management Services or taking advantage of advisory capabilities.
True Beacon was launched in Bangalore in 2019 by Nikhil Kamath, the Co-Founder of Zerodha, together with Richard Pattle, the former global Vice Chairman of Standard Chartered Private Bank. Initially offering Category III Alternative Investment Funds, the company has added an Equity Factor Quant PMS strategy to its product suite, in addition to bespoke wealth management. The company is founded on a client-aligned fee model, capital markets expertise and differentiated strategic value creation by connecting over 500 clients across geographies and industries.
Abhijeet Pai is part of the family behind the Puzzolana Group, an industry leader in the mining, metallurgy, construction and engineering sectors. Pai has an active role and interest in the Group’s engineering and manufacturing services, as well as their status as a ‘solution partner’, in which they cater fast-moving consumer goods to a number of industries. Pai co-founded Gruhas Proptech with Nikhil Kamath in 2021, to bring tech-based innovation to the construction and real estate sectors through startup investment. Pai has a particular background in private equity transactions, venture capital, special situations and listed entities.
True Beacon Co-Founder Nikhil Kamath said, “I have known Abhijeet for a few years, and was fortunate to co-found Gruhas with him. We are eager to work with him at True Beacon, where his experience in private markets, real estate and partnerships will be invaluable”.
Richard Pattle, Co-Founder and CEO of True Beacon added, “As we expand True Beacon and react to UHNI and HNI client needs, Abhijeet is a very exciting addition to the founding team, and will help us provide increasing focus on our client wealth, advisory and transaction requirements”.
Abhijeet Pai said, “Having known Nikhil, Richard and the True Beacon team for several years, I am thrilled to join as a partner and Co-Founder. The opportunity to create a differentiated set of products and services around a rapidly-growing UHNI community is immense, and I look forward to building on True Beacon’s achievements to date”.
About True Beacon:
True Beacon operates hybrid AIFs and equity-only PMS strategies for investors in the Indian capital markets. The flagship fund is open-ended, with zero management fees and a 10% annual performance reward on gains achieved by the company. True Beacon is creating a community of ultra-high net worth and high net worth individuals in India and overseas, driving strategic value through global deal flow, co-investment opportunities, philanthropic initiatives, and next generation educational programmes.