Firm profile

Carnelian Asset Management & Advisors Private Limited

MUMBAI, MAHARASHTRACRD 335103Registration Status: ApprovedEffective since May 11, 2026Latest ADV May 11, 2026

Carnelian Asset Management & Advisors Private Limited is an SEC registered investment adviser organized as a corporation with a primary office location in Mumbai, Maharashtra. Its latest Form ADV filing, dated May 11, 2026, reports $1.5B in regulatory assets under management, 73 employees, and 4,540 accounts.

Assets Under Management
$1.5B
Employees
73
Offices
--
Total Clients
4,540
Primary office
MUMBAI, MAHARASHTRA
1205/1206 ONE LODHA PLACE, SENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA, India
ADV Item 1F location record

Contact and digital presence

ADV profile links

Leadership

3 roles identified
CEOSwati Khemani
CCOSwapan Dutta
COOPankaj Namdharani

Advisory services offered

3 types reported
Portfolio management for businesses
Portfolio management for individuals and small businesses
Portfolio management for pooled investment vehicles

Fee models offered

3 types reported
Asset based fees
Fixed fees
Performance-based fees
Sources checked Aug 22, 2026

Client Coverage Demographics

Top client segmentHNWI represent 99.9% of total clients.
Top client categories% of clientsClients
1
HNWI
99.9%
4,535
2
Pooled Investment Vehicles
0.1%
5

Regulatory Assets Under Management Breakdown

Total regulatory assets under management$1.5Bas of May 11, 2026
Discretionary100.0%
$1.5B
100% of total RAUM100.0%
Non-discretionary0.0%
$0
0% of total RAUM0.0%
All regulatory assets under management are discretionary.

Assets under management Growth by Quarter

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

Total AUM$1.5B
Total Accounts4,540
10Y AUM Change$0 (0.0%)

Employee Growth by Quarter

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

Total Employees73
Clients per Employee62:1
10Y Employee Change0 (0.0%)

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.

* 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.