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Our Story



Enigma investment partners was founded in July 2024 by a group of individuals who are passionate about investing in Indian Equity Markets from a longer-term point of view with strong belief in the India growth story. Our partners were in key leadership roles and had long stints in their previous organizations where they demonstrated strong leadership skills by successfully scaling up their respective business verticals and forming strong teams over a period.



Our Team


Viraj Mehta

Viraj Mehta

CIO, Enigma Investment Partners

Mr. Viraj Mehta is the Founder and CIO at Enigma Investments. Viraj has more than 15 years of experience in the field of investing. Viraj successfully managed ELHF from its inception (Oct 2016) till Jun 24. The PMS delivered ~24.9% TWRR returns to the investors post fees over 93 month period outperforming the benchmark by over 7% making it one of the best performing PMS.

Viraj has completed MBA from Management Development Institute, Gurgaon. He holds a bachelor's degree in Chemical Engineering from Nirma Institute of Technology, Ahmedabad. He was selected by Wall Street Journal (WSJ) as part of the "Asia's Master Stock Picker" series, where he represented India. He was also part of the award-winning fund management team and led analyst managing the small companies fund Viraj at Franklin Templeton Investments.

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Dhaval Dama

Dhaval Dama

Partner , Enigma Investment Partners

Mr Dhaval Dama is a partner at Enigma Investments and has more than 15 years of experience in Indian Equity Markets. He was a part of Motilal Oswal AMC which was manging 4bn USD and part of the highly successful management team at Equirus Securities Pvt Ltd. During his prior stint at Equirus Securities he was instrumental in building strong research driven focus and mentoring the analyst team. He has completed his MBA in Finance from KJ Somiaya Institute of Management studies and he holds a bachelors degree in chemical engineering.

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Dharmesh Gathani

Dharmesh Gathani

Partner, Enigma Investment Partners

Mr Dharmesh Gathani is a partner at Enigma Investments and has more than 25 years of entrepreneurial experience specializing in Business Development, Marketing Strategy and Strategic Planning. He is also an accomplished angel investor with experience in the startup ecosystem having successfully invested and mentored a diverse portfolio of startups across various industries, contributing to their growth and success. He is also associated with Venture Catalysts as Managing Partner.

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