Two X Capital Management is a focused investment management firm committed to long-term value creation through disciplined decision-making, rigorous research, and responsible capital management. The firm believes sustainable wealth is built through patience and alignment of interests.The investment process is research-driven, emphasizing fundamental analysis,resilient businesses, and long-term value drivers. Risk management and capital preservation are integral, with the portfolio structured to manage volatility and downside risk across market cycles.Two X Capital Management prioritizes consistency, transparency, and long-term partnerships with investors. Guided by a long-term vision, the firm aims to build a durable, globally respected asset management institution delivering sustainable,risk-adjusted returns.

Aryan Khandelwal, Co-founder of Two X Capital, is an economics major from Dartmouth College. A former top-4 ranked Indian squash player and a recruited athlete at Dartmouth, he brings a competitive spirit and a strong work ethic to his role. His academic foundation is complemented by extensive coursework in financial markets, including institutional fundraising, investment analysis, financial modelling, and corporate finance. Recognized as a top performer in the US Investing Championship Money Managers Division along with his brother, Tanmay, and certified as an alternative investment fund manager by the National Institute of Securities and Markets, Aryan plays a pivotal role in defining Two X Capital's investment philosophy and approach.

Aryan Khandelwal

Mr. Khare, a market veteran, brings extensive experience in asset management, notably as the former Head of Equities at ICICI Investment Management Company. He established a strong track record of outperformance through a disciplined investment framework emphasizing risk management and alpha generation. Managing close to USD 140 million in assets for private banking clients (including NRIs, corporates, and UHNIs) his model portfolio significantly exceeded benchmarks for years. Prior to ICICI, he spent over a decade at Kotak Securities as Deputy Vice President, Research, specializing in Mid-Caps, Capital Goods, and Engineering sectors. Lastly, Mr Khare holds a B.Com from Symbiosis College and an MMS from Mumbai University.

Ruchir Khare

Tanmay Khandelwal, Founder of Two X Capital, graduated from Columbia University in New York with a Bachelor’s degree in Industrial Engineering and Operations Research. A former Vice Chair of the Ivy League Council and a Dean's List honoree, Mr. Khandelwal brings a strong academic foundation to his role. With over five years of experience in Indian equity markets, Mr. Khandelwal achieved a significant milestone by winning the Money Managers Division of the 2023 US Investing Championship alongside his brother, Aryan. His expertise spans financial modeling, statistical analysis, business optimization, and engineering principles, contributing significantly to the development of Two X Capital’s investment strategy, “BEST.” Mr. Khandelwal's insights have been sought after by various outlets, including TraderLion Channel and Elearnmarkets by StockEdge. He has also been featured in publications such as Yahoo Finance and Business Wire.

Two X Capital Investment Trust

Funds of Two X Capital Investment Trust

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