We are a leading Equity Research and Business Analytics firm specializing in Asset Management Services (PMS/AIF).

Our core competence is in financial research with focus on small and mid-cap space. We track and study over 800+ companies in the chosen sectors, as part of our Investment Research and this has benefitted our Clientele of Senior Professionals from leading organisations, from across the country.


We are investment specialists with un-wavering focus on Portfolio Management Services and Alternative Investment Fund. This focus is born out of our strong belief that specialization often produces very good business economics and builds durable competitive edge in the market.

With this focus in mind, TrustLine has heavily invested in developing the core areas of operations, such as Research, Client Investment Management and a robust IT infrastructure to provide unmatched value and service to our clientele.

We will continue to focus on Fund Management space and grow the business with dedication and focus. We are a unique organisation, as we are not into any other intermediary businesses like broking, distribution or related services.


Mar 2004

Incorporation of TrustLine Holdings Private Limited

Jul 2007

Availed SEBI Registration vide Reg. No. INP 000002254

Sep 2007

Intrinsic Deepvalue fund launched

Jul 2012

Intrinsic Floater fund launched

Mar 2015

Achieved INR 100+ Cr milestone with 200+ highly satisfied clients

Jan 2019

Intrinsic Deep Alpha AIF Launched

Jan 2020

Successful closing of Intrinsic Deep Alpha AIF.
(Raised 800 Million-plus against the target of 750 Million)

Jun 2021

Achieved INR 500+ Cr milestone with 550+ highly satisfied clients

Apr 2023

Achieved INR 750+ Cr milestone with 600+ highly satisfied clients

Jan 2024

Achieved INR 1000+ Cr milestone with 600+ highly satisfied clients

  • We would like to measure our business objectives, not by size of the assets under management or its growth, but by the respectability we build amongst our Customers, Employees and Shareholders of TrustLine.
  • Our aspiration is to become one of the most admired and respected Asset Management company in the country. This, we would like to achieve by focusing on client’s long-term wealth creation by pursuing excellence in financial research & fund management, in client servicing and in key operational processes in our business.
  • The key metrics like portfolio outperformance against bench-mark indices, response time to customer grievances & queries, employees satisfaction and quality of experience ( moment of truth) on company touch points will be the critical yard-sticks against which we will continually measure and evaluate ourselves to progress on our larger aspiration.
Core Values
  • Follow disciplined and an objective approach towards investment
  • Invest with conviction and focus on long term success
  • Focus on process, not on proceeds
  • Driven by neither greed nor fear
  • Invest continuously on strong research
  • Safety of Principal (Margin of Safety) is paramount
  • Constantly evaluate the circle of competence


N. ArunaGiri,

Managing Director &

Chief Investment Officer

ArunaGiri is the Founder–Director cum Chief Investment Officer.

Arun is an Engineering Graduate from REC, Trichy with additional qualification in "Business Finance and Financial Analysis" from ICFAI.

He has to his credit a background of rich Industry experience spanning over 34+ years. Significant part of his career was with one of the most admired IT services company in India, where he held various senior positions across diverse functions. He brings with him an enviable track record in Equity and Financial Research.

Arun carries the overall responsibility for the business with direct responsibility for Research and Fund Management.

N. Ulaganathan,


(Domain Consultant)

Ulaganathan is the co-founder cum domain consultant.

Nathan is a post-graduate from Clarkson University, New York with over 31+ years of Industry experience. He brings with him required domain skills for certain sectors like IT (Process Control), Petrochemicals, Industry Automation, Engineering, Oil & Gas and other related sectors.

Company actively seeks his guidance and his consulting inputs with respect to above sectors as part of the investment research.

Vijay Kumar

(Research Consultant)


Vijay is one of the early shareholders in the company.

Vijay is a Post-Graduate Diploma in Management (MBA) and an Engineering Graduate with over 28+ years of Industry experience.

Significant part of his career was with Dun & Bradstreet where he gained rich experience in security analysis and equity markets. He also brings in rich experience in Business Development from his tenure in a leading Telecom Service Provider in India.


Anil Jain K

Former Senior Vice President & Business Head, Wipro Ltd

Anil Jain has been associated with Wipro for the past 25+ years, with a diversified career.

He began as a Marketing Executive and managed multiple territories as Area Manager. He was then associated with Wipro Peripherals as Manager for exports in Bangalore and then in Moscow for two years. He created and shaped the WIPRO–Acer PC business, taking on the mantle as the Business Manager. Anil was also involved with Finance, Product Marketing & Information Systems portfolio in 01 Markets.

Anil then handled Marketing, Business Development and Innovation for two years. During this period, he was responsible for the strategic planning for the company and played a key role in innovative initiatives to make Wipro Infotech a powerful force in the country.

Subsequently, he went ahead to become the head of WPC business, during which period, Wipro re-invented its PC business and drove the business to high volumes and profitability.

Padmanabhan S.V

Former Chief Technology Officer, Noor Investment Group LLC

Padmanabhan – Paddy as he is fondly called, is the Chief Technology Officer for Noor Investment Group LLC (NIG), an Islamic Investment group initiative owned by the Dubai Government, comprising of Noor Islamic Bank (NIB) & Noor Takaful (NT). It is a USD 1 Billion venture initiated by the Dubai Holding company under the patronage of the Dubai Government as part of the sovereign wealth investment.

Paddy has more than 20+ years of experience in Information Technology domain across Sales & Services spectrum. Paddy worked in the Sales domain for the first 7 years of his career wherein he worked with companies such as Wipro Infotech & CMS Computers, selling hardware & software solutions for educational institutions & BFSI sector.

He migrated into the Services domain from Wipro & joined Citibank N A, India as the Data Center Manager for managing Global Support Operations for Citibank franchises supported out of India. He later on went on to head both the Chennai & Mumbai Data Centers as the Vice President and Head – India Data Centers overseeing the entire Consumer & Corporate Data Center Operations for Citibank, India.

He worked with Citibank for 7 years before migrating to Dubai to join the Noor Islamic Bank (NIB) as the Data Center Head to setup the Infrastructure for the organization, which was a Greenfield venture. His journey within NIG continues & he has held various positions within the group as Head – Systems & Solutions for NIB & then, the Head – Operations & Technology for the mass banking venture – Noor Popular, then, went on to assume the role of Chief Technology Officer for the Islamic Insurance venture – Noor Takaful, wherein he was responsible for the entire technology domain of the venture.

Recently, he was promoted as Group – Chief Technology Officer for NIG encompassing the entire Group technology spectrum covering NIB & NT

P.P.R. Rao

Former Executive Director, UCAL Fuel System Limited

Podila Pandu Ranga Rao, is an Engineering Graduate from Andhra University.

He has more than 40 years of experience having associated with leading organizations such as BHEL, English Electric Limited and SRF Nippondenso Ltd, Wipro Limited, Digital Equipment India and Bizworth India Pvt. Limited.

He has held various senior positions as Chief Works Manager, Chief Manager, General Manager, Chief Executive, Director, Managing Director and Chief Operating officer.

Ram N Agarwal

MD and CEO, WeP Solutions Limited

In his current role as Managing Director and CEO, Ram N Agarwal pioneered to create India's first employee owned company.

Born in October 1946 in Jhansi, Ram Agarwal is one of the first generation literates from Jhansi. In the year 1970, he completed BTech from IIT Kanpur specializing in Civil Engineering & in 1972 he completed PGDM from IIM, Kolkata, specializing in Finance, Marketing and Systems.

To his credit, he has an industry experience of over 40+ years, a major part of which was with Wipro where he held senior positions in various business divisions. He has been a member of MAIT's Executive Council for the last 6 years and also headed MAIT for a brief period.

Shabbir Merchant

Chief Value Creator, ValuLead Consulting

Shabbir is the Chief Value Creator at Valulead Consulting. He has two decades of experience in the area of Human Resources Management & Leadership Development.

His expertise is across industries such as IT, Manufacturing, Apparel, Financial Services, Supply Chain, FMCG & Pharma. He has the experience of dealing with employees and clients in India and many countries in Asia Pacific and Middle East, such as China, Hongkong, Singapore, UAE, KSA, Oman, and Australia & Sri Lanka.

He was earlier the Executive Vice President of Right – Grow Talent, a leading global HR Consulting firm (NYSE: MAN). He was responsible for three of their four offices in South Asia (viz; Mumbai, Bangalore and Colombo). He was also the Practice Leader for the Engage & Align practice in South Asia.

Prior to Grow Talent, he spent nine years at Wipro, a leading global IT Services company (NYSE: WIT). Shabbir was the General Manager and Head Human Resources of Wipro Infotech, responsible for the entire HR function for its India, Middle East and Asia Pacific Operations.

He led the People Capability Maturity Model (People CMM) initiative in Wipro Infotech and under his leadership Wipro Infotech achieved the distinction of being the first company in the world to be assessed on an enterprise wide basis at Level V for Version 2, which is the highest level of maturity under the People CMM model.

Shabbir has done his Masters in Personnel Management from Symbiosis Institute of Business Management (SIBM), Pune, India. His family at Bangalore comprises his soul mate, his 13 year old daughter, and his mother. He is an avid reader, writer and enjoys music. He also loves teaching at leading Business Schools in India.

Srinivasan Varadarajan

 Veteran Banker and Market Expert

Srinivasan Varadarajan began his career in the financial services industry with ICICI Ltd., in its Merchant Banking Division, in 1990. He was a part of the start-up team of ICICI Securities and Finance Co. Ltd (I-Sec), the joint venture between ICICI and J.P. Morgan and headed the Fixed Income business there.

Since 1999 he was working with JPMorgan, India and in his latest assignment was their Managing Director and Head of Markets, wherein he had the dual responsibility of CEO, J.P. Morgan Chase Bank, Mumbai Branch as well as Chairman, J.P. Morgan Securities (I) Pvt. Ltd.

He has served on various RBI Committees such as the Technical Advisory Committee of RBI, Committee of Repos, and STRIPS etc. and is a member of the Banking Committee, CII. He has also served as a Chairman of FIMMDA, the key self-regulatory body for market participants and PDAI, the self regulatory organization for primary dealers.

Srinivasan qualified as an engineer from the College of Engineering, Anna University, Chennai and completed his Masters of Business Administration from the Indian Institute of Management, Calcutta in 1990.

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Trust & Lineage. The two pillars on which was founded a company that dreamt to perform, and dared to outperform the competition.

We are TrustLine - a leading Chennai-based Equity Research and Asset Management firm. With financial research as a core competence, we track and study over 800+ companies as part of our investment research.

Get in touch

+91 44 42083877



6/13, 3rd Floor, Equinox Building, Eastern Wing, North Avenue, Kesava Perumalpuram,
R.A. Puram, Chennai - 600 028.
SEBI Registration No
PMS : INP000002254
AIF : IN/AIF3/18-19/0580
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