Arindam Mandal

Prior to joining Marcellus, Arindam spent nearly a decade in the United States working for Principal Global Investors (PGI).

Arindam brings over a decade of global investing experience, having spent nearly 10+ years in the United States with Principal Global Investors (PGI). He began his career as a Quantitative Analyst before transitioning to fundamental equity research, where he served as the lead analyst covering U.S. and Global Industrials and Utilities. In early 2019, he broadened his investment mandate to include Emerging Markets  and oversaw India public equity investments across PGI’s global equity platform. PGI manages more than 100B in equities. His primary fund during this period managed $5B+ in assets. Prior to his investment career, Arindam worked as a Lead Software Engineer in product research and development at Oracle Corporation.

Qualifications: Arindam holds a Bachelor of Technology (First Class with Distinction) from NIT Warangal and earned his MBA from Duke University’s Fuqua School of Business, where he graduated with highest honours in Finance.

Articles by team Marcellus

NEWSLETTER
Marcellus Portfolio Updates & Insights - June 2026

  marcellus.in From Our CIO’s Desk What Goes into the Making of a Data Center? Two global headlines have dominated the financial landscape in recent times: Alphabet is executing a record-breaking $85 billion equity raise to fund its AI infrastructure and global compute footprint. SpaceX is setting the stage for the largest IPO ever recorded, […]

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NEWSLETTER

  marcellus.in From Our CIO’s Desk The Case for Multi-Asset Diversification in Volatile Times The ongoing Middle East conflict is a stark reminder that global economies react differently to the same shock. In my recent conversation with Manish Hemnani, we explored why the “old rules” of domestic-only investing must evolve to preserve wealth in this […]

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BLOG
Profiting From a Fading State & a Falling Rupee

The rupee’s decline since 1991 — from ₹18 to ₹96 per dollar — has been the calmest depreciation in the emerging world, built on three pillars: a state that funds itself in its own currency, a large reserve buffer, and a credible central bank. All three pillars are eroding now. Usable FX reserves are ~US$439bn, […]

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