A Mega-Thread on Enam Group: one of India's top diversified financial services groups founded by highly revered veterans of the Indian capital markets.
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1)Nemish Shah, one of the founders of the ENAM group used to handle his father's pharma company.
2)He learned his ropes from the late Manu Manek, the notorious bear operator who was known as black cobra on Dalal street.
2)He learned his ropes from the late Manu Manek, the notorious bear operator who was known as black cobra on Dalal street.
3)In 1980s, Dalal Street was governed by Manu Manek, the feared market operator. Not that Manek was a "perpetual bear" on purpose, but in a market lacking low-interest financing, shorting was arguably the most profitable tactic.
4)Nemish shah used to enjoy betting on undervalued stocks under Manu Manek’s leadership.
5) He met Manek Bhanshali who used to assist the big bear Manek with his tax filings. He was a young and brilliant chartered accountant.
5) He met Manek Bhanshali who used to assist the big bear Manek with his tax filings. He was a young and brilliant chartered accountant.
6)Later in the year 1984, Nemish Shah met Manek Bhansali and decided to take a plunge by laying the foundation of ENAM Securities, a stock brokerage agency.
7) ENAM got its name from Nemish and Manek.
8) ENAM is pronounced in the same way the acronym ‘N-M’ is pronounced.
7) ENAM got its name from Nemish and Manek.
8) ENAM is pronounced in the same way the acronym ‘N-M’ is pronounced.
9)In the year 1997, the ENAM group established the ENAM Asset Management Company Pvt. Ltd. (ENAM AMC).
10)ENAM AMC is widely recognized and respected for its investment solutions customized for high net-worth individuals, corporations, and global institutions.
10)ENAM AMC is widely recognized and respected for its investment solutions customized for high net-worth individuals, corporations, and global institutions.
11)Their team of professional experts delves deep to understand the specific requirements of each client.
12)The company invests in un-levered proprietary capital, free of constraints like volatility management, benchmark indexing, and redemption pressures.
12)The company invests in un-levered proprietary capital, free of constraints like volatility management, benchmark indexing, and redemption pressures.
13) This enables them to collaborate directly with the owners and senior management of the businesses in which they invest, ensuring long-term value creation.
14) The company has invested in some of India's premier growth companies across several economic cycles over the last three decades.
They have been a premier guide to the companies such as Infosys, Motherson Sumi, etc.
They have been a premier guide to the companies such as Infosys, Motherson Sumi, etc.
15) ENAM uses fundamental, bottom-up research to discover companies with long-term competitive advantages and execution capabilities; they place a strong emphasis on the management teams and governance frameworks of the businesses we invest in.
16) The investment banking and distribution businesses were founded by Vallabh Bhansali and Jagdish Master.
17) They are known for taking a few start-ups public. One of them was Infosys, which was aided by Enam to launch its initial public offering in 1993.
17) They are known for taking a few start-ups public. One of them was Infosys, which was aided by Enam to launch its initial public offering in 1993.
18) In 2012, the Enam Group divested its investment banking, institutional securities, and retail distribution services to a subsidiary of Axis Bank, Axis Capital.
19) After the merger with Axis Capital, Bhansali remained with the company as MD of Investment Banking until the end of 2014, when he returned to the Enam Group.
20)The ENAM team combines professionalism and business acumen, as well as analytical and intuitive abilities.
21) Aggressive and open-minded decision-makers who are kept under a single roof who are united by the company's common beliefs and objectives.
21) Aggressive and open-minded decision-makers who are kept under a single roof who are united by the company's common beliefs and objectives.
22) ENAM reminds themselves to invest in firms they know and understand and keeps in mind the "Circle of Competence."
23) ENAM built a 25MW solar photovoltaic power plant at Surel, Gujrat, called Visual Percept Solar Projects Private Limited (VPSPPL).
23) ENAM built a 25MW solar photovoltaic power plant at Surel, Gujrat, called Visual Percept Solar Projects Private Limited (VPSPPL).
24) The Visual Percept Solar Projects Private Limited (VPSPPL) facility was one of India's largest solar PV projects given to a private enterprise. The project was implemented by a solid team with over 60 years of combined expertise.
25) Enam and Liberty Mutual formed a joint venture in March 2018, with Enam obtaining a 25% stake in the new Liberty General Insurance Company based in India.
26) Liberty Mutual Group, founded in 1912, is the fourth largest property and liability insurer in the United States.
The company, which is headquartered in Boston, Massachusetts, has over 900 sites worldwide and on the Fortune 100 list, it is ranked 75th.
The company, which is headquartered in Boston, Massachusetts, has over 900 sites worldwide and on the Fortune 100 list, it is ranked 75th.
27) Foundation for Liberal Arts and Management Education (FLAME) was founded in 2004 by Mr. Nemish Shah.
28) FLAME offers courses that deliver experience-based learning focused on perspective building, enhancing communication, and developing problem-solving skills.
28) FLAME offers courses that deliver experience-based learning focused on perspective building, enhancing communication, and developing problem-solving skills.
29) FLAME aims to inculcate creativity, innovation, and teamwork while instilling an altruistic outlook to building leadership skills.
30)ENAM India Diversified Equity Advantage Portfolio (EIDEA) was established in May 2011 with a distribution focus on HNIs.
30)ENAM India Diversified Equity Advantage Portfolio (EIDEA) was established in May 2011 with a distribution focus on HNIs.
31)ENAM Group established their Singapore subsidiary Enam Asset Management Singapore Pte. Ltd. which is wholly functional in 2011 which is backed up by in-depth primary research conducted by highly trained research analysts.
32)ENAM AMC won its first global mandate from one of the largest sovereign wealth funds in the world in the year 2013 and within 2 years ENAM won its second global mandate from a large national pension fund in the year 2015.
Bonus Facts:
33) Nimrsh Shah is noted for being spiritual as he avoids "sin stocks" (companies involved in tobacco, cigarettes, booze)
34) It was rumored that when RIL acquired a stake in EIH, Enam offloaded its stake in RIL since the hotels' restaurants serve non-veg food.
33) Nimrsh Shah is noted for being spiritual as he avoids "sin stocks" (companies involved in tobacco, cigarettes, booze)
34) It was rumored that when RIL acquired a stake in EIH, Enam offloaded its stake in RIL since the hotels' restaurants serve non-veg food.
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