Why 'Square' 64?
The firm's name comes from the famous Indian folktale of 'The King and the Rice'. You may well be aware of this story, wherein a farmer beats a King at a game of chess. As a reward, he asks for one grain of rice on the first square of the chessboard, two grains on the second, four grains on the third, and so on, doubling the number of grains for each square. While this seems like a small ask, by the 64th square, the King would owe him 18 quintillion grains of rice - that is more rice than has ever been cultivated on earth. That is the power of compounding!
Square 64 endeavours to achieve returns on the 64th square. With this clear objective of gaining non-linear returns, there are certain investment principles that form the foundation of Square 64's investment philosophy.
The Founding Partners
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PartnerPriyankar Sarkar
Portfolio Manager
Priyankar has been focusing on the Indian equity market for over a decade. His professional career started as a buy-side analyst with Motilal Oswal Asset Management Company (MOAMC) in 2014. He has had the privilege of learning the basic tenets of invest management under the tutelage of Mr. Raamdeo Agarwal (Chairman of MOFSL) himself. During his stint at MOAMC, he covered technology, media, telecom (TMT) and cement sectors.
In May 2019, he moved to HSBC Global Asset Management as a consumer analyst. This helped him gain a thorough understanding of the consumption sector in India. He worked closely with the off-shore fund management team (led by Mr. Sanjiv Duggal) based in Hong Kong, which in turn gave him a good understanding of how FIIs invest in India.
In September 2021, he began to manage a part of the equity portfolio at Ananta Capital. Here, he covered diverse sectors such as healthcare, music streaming, manufacturing etc.
Tracking and understanding of several sectors is essential before one becomes a fund manager. This knowledge enables a fund manager to appreciate different business models and their key drivers.
Over the years Priyankar has had the privilege of being mentored by some exemplary stock pickers of India viz. Mr Vinod Sethi (ex-MD, Morgan Stanley) and Mr Ramesh Damani, a veteran investor. His style of investing is largely a result of such insightful mentorship.
Priyankar has a Bachelors in Engineering (Hons) from University of Liverpool, UK and an MBA (Finance) from Symbiosis Institute of Business Management, Bengaluru.
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PartnerAnkit Poddar
Business Development
Ankit graduated from Purdue University, Indiana, USA in 2010 with a Bachelors in Management Studies. After graduation, he joined his family business. He started by overseeing work on the factory floor, and gradually moved on to operations management and client servicing. An avid reader and Formula One enthusiast, Ankit derives great pleasure in all things strategy and logic. His love for reading biographies, studying companies and tracking the markets has led to his keen interest in the formulation of Square 64.
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PartnerVishwanshu Agarwal
Operation Management
A graduate from Purdue University, Indiana,USA with a Bachelors of Science in Industrial Engineering, Vishwanshu has been working in his family textile business for over a decade. Over the years, Vishwanshu has worked tirelessly towards expanding and building brands for the parent company. A sportsperson, a chess player and a keen businessman – he dons many hats. His love for logical reasoning coupled with his strategic approach makes him a great fit to the ethos of Square 64.
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