FLAME University


Story of the pioneer of Liberal Education in India

Mr. Nemish Shah is the Co-Founder of ENAM, one of the most reputed and respectable investment houses in India. Initially, he co-founded ENAM as a broking entity in 1984. Soon after this, ENAM entered the investment banking profession and within six months climbed to the top of the league tables in the IPO market. ENAM has been instrumental in multiple reputed IPO’s in the country since its inception. With his core interest lying in investment research, Mr. Shah is credited with pioneering investment research in India, a novel concept at that time in India.

He is very well known in the investment circle and his investment views are highly sought after. For over thirty years, Mr. Shah, along with his Co-Founder, Mr. Vallabh Bhanshali, also a highly revered individual in the financial markets with a philanthropic inclination, and his partners, have led ENAM in its growth into a leading financial advisory institution in the country. Recently, ENAM merged its investment banking and broking operations with Axis Bank. Currently, Mr. Shah is actively involved in managing the firm’s treasury operations and growing its proprietary capital, under ENAM Holdings Pvt. Ltd. The focus is on long-term investing in the Indian equity markets. He employs a fundamental bottom-up research approach to identify high-quality businesses that are structurally well-positioned, have sustainable competitive advantages and execution capability for consistent long-term growth.
Mr. Shah earned a B.Com from Lala Lajpat Rai College, Mumbai University in 1977. He has multiple philanthropic initiatives. Viewed as a deeply spiritual person, his peers reckon that it is this element of spirituality that has helped bring about an element of balance to his investment strategy. He is an avid reader of Jain scriptures and likes to unwind by watching cricket or listening to music.