Ashvin Shetty, CFA

Ashvin is one of the Founders of Marcellus.
He has more than 10 years of experience in equity research and led the coverage on automobile sector at Ambit Capital.

Ashvin has more than 10 years of experience in equity research. He led the coverage on automobile sector at Ambit Capital from 2010 to 2017.  He thereafter worked as a senior analyst for Ambit’s Mid and Small cap PMS funds till November 2018. Prior to joining Ambit, he worked with Execution Noble as an analyst covering consumer and media space. He has also worked with KPMG’s and Deloitte’s statutory audit departments from 2004 to 2007 gaining extensive experience across Indian accounting standards and financial statement analysis.

Qualifications: Ashvin is a BCom graduate from Narsee Monjee College (Mumbai). He is a qualified Chartered Accountant (ICAI India) and Chartered Financial Analyst (CFA Institute, USA).

Articles by team Marcellus

NEWSLETTER
Marcellus Portfolio Updates & Insights - September 2026

  marcellus.in From Our CIO’s Desk How Does Kings of Capital Beat the Benchmark with Boring, Well-Managed Companies? Over the past 1, 2, and 3-year trailing periods, our financial services strategy—the Kings of Capital Portfolio (KCP)—has outperformed its benchmark. Our investment process avoids chasing short-term market momentum, focusing instead on well-managed businesses that allocate capital […]


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NEWSLETTER
Marcellus Portfolio Updates & Insights - August 2026

  From Our CIO’s Desk Is Quality Investing Making a Comeback in India? Over the last five years (FY21–25), high-quality businesses—companies with clean accounting, strong management, and high returns on capital—lagged the broader market. The reason was simple: a post-COVID surge in household “revenge spending” and government infrastructure capex created a rising tide that lifted […]


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BLOG
What Enduring Companies Do in a Crisis

Good companies don’t become great by avoiding crises. They become great by how they handle them. We found this as a common trait across all the five companies featured in our new book, “The Art of Enduring”. This is the story of how Tata Elxsi and Divi’s turned their worst moments into turning points. If […]


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