Firm profile

India Capital Management Limited

TRIANON, MauritiusCRD 162996Registration Status: ApprovedEffective since September 4, 2012SEC # 801-77056Latest ADV December 23, 2025

India Capital Management Limited is an SEC registered investment adviser organized as a corporation with a primary office location in Trianon, Mauritius. Its latest Form ADV filing, dated December 23, 2025, reports $395M in regulatory assets under management, 8 employees, 1 office, and 1 account.

Assets Under Management
$395M
Employees
8
Offices
1 office
Total Clients
<5

Associated firm names

1 name listed
  • INDIA CAPITAL MANAGEMENT LIMITED

Leadership

2 roles identified
CEOSudesh B. Lala
CCOSudesh B. Lala

Advisory services offered

1 types reported
Portfolio management for pooled investment vehicles

Fee models offered

2 types reported
Asset based fees
Performance-based fees

Offices & Contact

Primary office

TRIANON, Mauritius

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Primary office regionOther reported regions

Shading shows states and countries with reported offices. Cities are listed below; shading does not indicate service coverage.

Mauritius

TRIANONPrimary office

1 office records listed · 1 total offices reported. Counts can use different reporting dates. SEC filers may list only their largest 25 additional offices.

Contact and digital presence

ADV profile links

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$395Mas of December 23, 2025
Discretionary100.0%
$395M
100% of total RAUM100.0%
Non-discretionary0.0%
$0
0% of total RAUM0.0%
All regulatory assets under management are discretionary.

Client Coverage Demographics

Top client segmentPooled Investment Vehicles represent 100.0% of total clients.
Top client categories% of clientsClients
1
Pooled Investment Vehicles
100.0%
1

Assets under management Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total AUM$395M
Total Accounts1
10Y AUM Change+$158M (+66.9%)

Private Funds

Private funds reported by India Capital Management Limited

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Employee Growth by Quarter

Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.

Total Employees8
Clients per Employee0:1
10Y Employee Change+1 (+14.3%)

Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.


Ownership

Reported direct and indirect ownership ranges

Each range applies to a separate reported relationship and should not be added together.

Reported ownership ranges

Highlighted bands show the percentage range reported in Form ADV.

0%25%50%75%100%
HIGH LINE HOLDINGS LTDDirect owner · Schedule AInterest in INDIA CAPITAL MANAGEMENT LIMITED
75%+
THE GULLFOSS SETTLEMENTDirect owner · Schedule AInterest in INDIA CAPITAL MANAGEMENT LIMITED
25% to < 50%
LINDEN HILLS LLCIndirect owner · Schedule BInterest in HIGH LINE HOLDINGS LTD
75%+
DANIEL CHAIM TENNEBAUM 2018 IRREVOCABLE TRUSTIndirect owner · Schedule BInterest in LINDEN HILLS LLC
75%+
DANIEL CHAIM TENNEBAUMIndirect owner · Schedule BInterest in DANIEL CHAIM TENNEBAUM 2018 IRREVOCABLE TRUST
75%+
APEX CONSOLIDATED ENTITY LTDIndirect owner · Schedule BInterest in APEX FUND SERVICES (MAURITIUS) LTD
75%+
APEX STRUCTURED INTERMEDIATE HOLDINGS LIMITEDIndirect owner · Schedule BInterest in APEX CONSOLIDATED ENTITY LTD
75%+
APEX STRUCTURED HOLDINGS LIMITEDIndirect owner · Schedule BInterest in APEX STRUCTURED INTERMEDIATE HOLDINGS LIMITED
75%+
APEX GROUP LIMITEDIndirect owner · Schedule BInterest in APEX STRUCTURED HOLDINGS LIMITED
75%+

Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to India Capital Management Limited.

Reported ownership and control details

Form ADV · Filing date 2025-12-23 · Schedules A and B

17 entries
#Owner / person & roleInterest in entityReported interestControl personTitle / status acquiredSource
1THE GULLFOSS SETTLEMENTSHAREHOLDERForeign entityINDIA CAPITAL MANAGEMENT LIMITED25% to less than 50%Code CYesSHAREHOLDER08/2007Schedule APDF page 27
2SUDESH BASANTA LALACHIEF COMPLIANCE OFFICER, CHIEF EXECUTIVE OFFICER AND DIRECTOR (AS OF 12/28/13)IndividualINDIA CAPITAL MANAGEMENT LIMITEDLess than 5%Code NAYesCHIEF COMPLIANCE OFFICER, CHIEF EXECUTIVE OFFICER AND DIRECTOR (AS OF 12/28/13)06/2010Schedule APDF page 27
3BHANU PRATABSINGH JADDOODIRECTORIndividualINDIA CAPITAL MANAGEMENT LIMITEDLess than 5%Code NAYesDIRECTOR01/2014Schedule APDF page 27
4CHRISTOPHER BURNELL BRADERDIRECTORIndividualINDIA CAPITAL MANAGEMENT LIMITEDLess than 5%Code NAYesDIRECTOR12/2015Schedule APDF page 27
5HIGH LINE HOLDINGS LTDSHAREHOLDERForeign entityINDIA CAPITAL MANAGEMENT LIMITED75% or moreCode EYesSHAREHOLDER03/2019Schedule APDF page 27
6HARRISON WINSLOW BENNETTDIRECTORIndividualINDIA CAPITAL MANAGEMENT LIMITEDLess than 5%Code NAYesDIRECTOR02/2019Schedule APDF page 27
7DANIEL CHAIM TENNEBAUMDIRECTORIndividualINDIA CAPITAL MANAGEMENT LIMITEDLess than 5%Code NAYesDIRECTOR04/2020Schedule APDF page 27
8NANCY CHAPMAN ORRDIRECTORIndividualINDIA CAPITAL MANAGEMENT LIMITEDLess than 5%Code NAYesDIRECTOR04/2023Schedule APDF page 27
9HARRY NATT HOFFMANDIRECTORIndividualINDIA CAPITAL MANAGEMENT LIMITEDLess than 5%Code NAYesDIRECTOR06/2025Schedule APDF page 27
10LINDEN HILLS LLCSHAREHOLDERDomestic entityHIGH LINE HOLDINGS LTD75% or moreCode EYesSHAREHOLDER03/2019Schedule BPDF page 27
11DANIEL CHAIM TENNEBAUM 2018 IRREVOCABLE TRUSTSHAREHOLDERDomestic entityLINDEN HILLS LLC75% or moreCode EYesSHAREHOLDER03/2019Schedule BPDF page 27
12DANIEL CHAIM TENNEBAUMBENEFICIARYIndividualDANIEL CHAIM TENNEBAUM 2018 IRREVOCABLE TRUST75% or moreCode EYesBENEFICIARY03/2019Schedule BPDF page 27
13APEX FUND SERVICES (MAURITIUS) LTDTRUSTEEForeign entityTHE GULLFOSS SETTLEMENTPercentage not specifiedCode FYesTRUSTEE06/2020Schedule BPDF page 28
14APEX CONSOLIDATED ENTITY LTDSHAREHOLDERForeign entityAPEX FUND SERVICES (MAURITIUS) LTD75% or moreCode EYesSHAREHOLDER11/2016Schedule BPDF page 28
15APEX STRUCTURED INTERMEDIATE HOLDINGS LIMITEDSHAREHOLDERForeign entityAPEX CONSOLIDATED ENTITY LTD75% or moreCode EYesSHAREHOLDER10/2021Schedule BPDF page 28
16APEX STRUCTURED HOLDINGS LIMITEDSHAREHOLDERForeign entityAPEX STRUCTURED INTERMEDIATE HOLDINGS LIMITED75% or moreCode EYesSHAREHOLDER05/2018Schedule BPDF page 28
17APEX GROUP LIMITEDSHAREHOLDERForeign entityAPEX STRUCTURED HOLDINGS LIMITED75% or moreCode EYesSHAREHOLDER05/2018Schedule BPDF page 28

Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.

Compliance & Disclosures

Filing dated 12/23/2025 12:29:58 PM

Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.

RIA or supervised-person involvementThe RIA reported that none of the events below involve the firm or its supervised persons.RIA responseNo
AFelonies2 No

In the past ten years, have you or any advisory affiliate:

  • A1Been convicted of or pleaded guilty or no contest to a felony?No
  • A2Been charged with a felony?No
BMisdemeanors2 No

In the past ten years, have you or any advisory affiliate:

  • B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
  • B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions5 No

Has the SEC or CFTC ever:

  • C1Found you or an advisory affiliate made a false statement or omission?No
  • C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?No
  • C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • C4Entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?No
DOther regulatory actions5 No

Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:

  • D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
  • D2Found you or an advisory affiliate violated investment-related regulations or statutes?No
  • D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?No
  • D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions4 No

Has a self-regulatory organization or commodities exchange ever:

  • E1Found you or an advisory affiliate made a false statement or omission?No
  • E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?No
  • E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
  • E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
  • FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
  • GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No

(1) Court actions

Has a domestic or foreign court:

  • H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
  • H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
  • H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No

(2) Pending civil proceedings

  • H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No

* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.