Alchemy Capital Management opens office in Bangalore

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Bangalore, Oct 26 (UNI) Portfolio management company Alchemy Capital Management has opened its office in the city today.

Chief Executive Officer of the company, K N Vaidyanathan said that the city had emerged as a very important business destination for the company. The exponential growth in the IT/BPO space coupled with the growing biotech industry had catapulted income levels of the people here, he said.

Alchemy Capital Management has delivered returns of 69 per cent compounded annual growth rate (CAGR) over the past five years against a BSE Sensex CAGR of 42 per cent during the period, a company release said.

UNI

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