About Elevation Capital

Compounding wealth with discipline and integrity.
Investing in India’s growth.

Elevation Capital is a boutique investment firm focused on the extraordinary transformation underway in the Indian economy—and the long-term opportunities it presents for businesses driving that growth. Our mission is to help investors build enduring wealth through the power of consistent compounding.
Founded in 2018,

Elevation was created to give international investors access to one of the most compelling and underexplored opportunities in global markets.

Our founder Raj Chalimeda began his career as a floor trader on the stock exchange in Hyderabad, India and has since spent decades investing his own capital—experience that now anchors every decision we make.

Our investment approach is grounded in disciplined research and a strong commitment to risk management.

At the core of our firm are values that guide every aspect of how we operate: integrity, independent thinking, humility, and excellence. We are committed to transparency, honest communication, and building enduring partnerships based on trust.

What sets Elevation apart is our alignment with investors. We charge no management fees. We earn only after our partners achieve a 6% annual return. Our founder has significant personal capital invested alongside our clients—ensuring we succeed only when you do.

Our Values

Our business is guided by core values—integrity, excellence, patience, humility, aligned interests, and skin in the game. These principles shape how we engage with partners, portfolio companies, and the broader ecosystem. We value independent thinking and embrace a growth mindset.

Integrity
Humility
Excellence
Aligned Interests
Patience
Skin in the Game

Business Principles

A unified set of business principles serves as the foundation for Elevation’s operations. We succeed by growing wealth with integrity, staying true to our values every step of the way.

Investing Excellence

Our aim is investment excellence—defined not just by strong returns, but by doing so without taking on proportional risk. While we pursue outperformance, our first priority is capital preservation.

Proprietary Research

Our advantage comes from deep, fundamental research and a consistent methodology. By prioritizing process over outcome, we create a foundation for long-term success.

Alignment of Interests

We believe lasting partnerships are built on aligned interests—and that means having skin in the game. Our founder invests alongside our partners, reflecting our conviction. Every decision we make impacts us equally.

Communication

Effective communication means meeting our clients’ needs and building lasting trust. We’re committed to transparency—ensuring clients fully understand our philosophy, strategy, actions, and outcomes. If our decisions ever catch a client off guard, we haven’t done our job. In reporting results, we’re honest—owning both setbacks and successes without spin.

Fee Arrangements

We charge no management fees. We believe investment managers should deliver value before earning fees. We are compensated only when annual returns exceed 6%. We also invest our own capital alongside our limited partners, ensuring true alignment. Our fee structure reflects our commitment to fairness, transparency, and putting our investors’ interests first.

Partners and Service Providers

Administration and Accounting
NAV Fund Services
Tax
Halpern and Associates
Deekshith & Co.
Bankers
Wells Fargo
Axis Bank
Brokers
Kotak Securities
Axis Capital
Custodian
Axis Bank
Alternate Assets Custodian
Inspira Financial
General Counsel
McCormick & O'Brien
Communications
Cogent Media Labs