Timeless investing lessons from a market veteran of 30 years, Hiren Ved of Alchemy Capital on The India Opportunity Show with Shrishti Sahu
Hello everyone, welcome to The India Opportunity Show where you get a front-row seat to people building India’s future. We talk about unlocking the potential of the country with founders, investors, creators, and successful leaders from different fields to bring you real-life stories and behind-the-scenes of what it takes to be at the forefront of building the India Story.
Episode 23, Season 3 of The India Opportunity Show is out now! You can watch it on YouTube or listen on Spotify or Apple Podcasts.
Our guest today is Hiren Ved, one of India’s most respected market veterans. He is the Co-founder, Director and Chief Investment Officer of Alchemy Capital, one of India’s early and well-known portfolio management firms. With more than three decades in the Indian equity markets, Hiren is known for his deep fundamental research, sharp bottom-up stock picking, and ability to spot long-term wealth creation opportunities across market cycles. Over the years, he has built a reputation for combining conviction with discipline, and for staying focused on businesses rather than noise.
From growing up in a family deeply involved in the stock market to building Alchemy Capital into one of India’s leading asset management firms, Hiren discusses how early exposure to annual reports, shareholder meetings, and legendary business leaders shaped his thinking. He also shares deep insights on long-term investing, how to identify great businesses, why patience matters in wealth creation, and the difference between conviction and stubbornness in investing.
This conversation explores market history, investing frameworks, disruption cycles, entrepreneurship, and how investors can identify the future leaders of sectors. Hiren also reflects on lessons learned from Rakesh Jhunjhunwala and why humility and adaptability are essential for long term success in the markets.
Chapters:
00:00– Introduction
07:55 – Starting Alchemy Capital with Rakesh Jhunjhunwala
11:41 – When is the right time to exit a stock or investment opportunity?
15:56 – Stories about Rakesh Jhunjhunwala
22:40 – Sentiment during early Indian IPOs
28:04 – Evaluating Modern IPOs
36:07 – Buying Zomato At ₹40
37:18 – Future Of Quick Commerce
42:45 – Version 1.0 vs 2.0 Investing
52:41 – When To Exit Investments
53:07 – Risks In Startup / Private Investing
01:08:16 – Evaluating NSE Investment Today
01:10:35– Future Of Companies Like Bajaj Finance
01:17:15 – Next Generation Of Market Winners
01:40:20 – India’s Semiconductor Opportunity
01:51:03 – Crypto Debate With Market Veterans
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Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered financial advice. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.