About Ardeko
Ardeko is a Financial Services company based in Ahmedabad (India) founded in 2018 by Devam Modi. Financial advisory firm providing research-driven support to money managers, offering expertise in project, business, sector, and valuation analysis. Ardeko has raised $578.13 thousand across 1 funding round from investors including Sagir Mohib Khericha and Saurabh Kumar. The company has 40 employees. Ardeko was last valued at $6.07 million in January 2025. Its Indian entity Ardeko Asset Management Private Limited reported revenue of ₹1.70 Cr. Its focus areas include Asset Management and Financial Advisors. Its competitors include Prudent, Reliance Capital and Equentis Wealth Advisory Services; 2 of its 3 listed competitors have raised funding.
Company details
A SEBI registered investment advisor providing wealth and investment solutions for family offices, high-net-worth individuals, and businesses. They offer advisory services encompassing investment strategy, product selection, deployment, and review. Their services include family office advisory, focusing on balancing post-tax returns and risk; product advisory, covering equity, debt, and startup investments through various instruments; and investment advisory, involving in-depth research on projects, businesses, and sectors. The firm employs an advisory-only model, prioritizing client interests and transparency. They possess extensive experience in debt and equity research, working with major fund managers in the Indian market.
- Headquarters Ahmedabad, India
- Employees 40
- Founders Devam Modi
- Stage Minicorn
- SectorsFinancial Services
- Website ardeko.in
- Legal Name Ardeko Asset Management Private Limited
- Date of Incorporation 07 Feb, 2024
- Jurisdiction Ahmedabad, Gujarat, India
- Annual Revenue₹1.70 Cr
FY 2025
- Net Profit₹98.4 Lakh
FY 2025 · 58% margin
- EBITDA₹1.43 Cr
FY 2025 · 84% margin
- Total Equity Funding$578.13K (USD)
in 1 rounds
- Latest Funding Round$578.13K (USD), Angel Round
Jan 2025
- Employee Count40
Associated legal entities of Ardeko
Ardeko operates through Ardeko Asset Management Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ardeko Asset Management Private Limited CIN U66120GJ2024PTC148426 | Active | 07 Feb 2024 | Ahmedabad, Gujarat | ₹1.7 Cr | 4 | View details |
Funding Insights of Ardeko
Ardeko has successfully raised a total of $578.13K through 1 strategic funding round. The most recent funding activity was a Angel Round of $578.13 thousand completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $578,130
- Total Rounds 1
- Last Round Angel Round — $578,130
- First Round $578,130
(Jan 2025)
- Investors Count 2
All 1 funding rounds of Ardeko with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2025 | $578,130 | Angel Round | $6.07M | Sagir Mohib Khericha |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2025 | $6.07M | •••••••• |
Last known valuation $6.07M (Jan 2025). 2 investors in total: 0 institutional and 2 angel.
Investors in Ardeko
Ardeko has secured backing from 2 investors, including angel investors. Prominent investors backing the company include Sagir Mohib Khericha and Saurabh Kumar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SM Sagir Mohib Khericha | unknown_4420b5c851a04cea9 | |||
SK Saurabh Kumar | unknown_a3bfd02b314e4baab |
Investor details for Ardeko
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Ardeko Asset Management Private Limited (Ardeko)
Ardeko Asset Management Private Limited is the primary company behind Ardeko. The board of Ardeko Asset Management Private Limited currently have 4 directors; the longest-serving is Komal Devam Modi, appointed in 2024. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Komal Devam Modi DIN 09266300 | Director | 07 Feb 2024 | 2 yrs 9 mo | Ardeko Asset Management Private Limited |
| Devam Mahinbhai Modi DIN 10497383 | Managing Director | 07 Feb 2024 | 2 yrs 9 mo | Ardeko Asset Management Private Limited |
| Jaymin Jayantilal Shah DIN 10699628 | Director | 13 Jul 2024 | 2 yrs 3 mo | Ardeko Asset Management Private Limited |
| Manan Rajesh Shah DIN 11168320 | Director | 24 Jul 2025 | 1 yr 3 mo | Ardeko Asset Management Private Limited |
People of Ardeko
2 people are tracked at Ardeko (2 in leadership); the tracked headcount is 40.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
| Executive Director | Leadership |
Complete people profiles for Ardeko
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Ardeko
Figures of Ardeko Asset Management Private Limited, the primary company behind Ardeko, for FY 2025. Revenue was ₹1.70 Cr. Net profit was ₹98.4 Lakh (58% margin). EBITDA was ₹1.43 Cr (84% margin).
- ₹1.70 CrRevenue · FY 2025
- ₹98.4 LakhNet profit · 58% margin
- ₹1.43 CrEBITDA · 84% margin
- ₹1.11 CrPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Ardeko Asset Management Private Limited are on its company page.
Detailed financial statements for Ardeko
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Ardeko
3 dated milestones of Ardeko across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Ardeko is founded.
- Funding First funding round of $578K.
- Milestone Reaches Minicorn status.
Competitors of Ardeko
Ardeko has 3 listed competitors in our database, 2 of them funded. They include Prudent, Reliance Capital and Equentis Wealth Advisory Services.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| prudentcorporate.com | 2000 | Ahmedabad, India | $138,131 | 677 | Provider of financial products and investment services | |
| reliancecapital.co.in | 1986 | Mumbai, India | 18,360 | Financial services including loans, insurance, and asset management are provided. | ||
| equentis.com | 2015 | Mumbai, India | $10.59M | 1,602 | Investment advisory and research platform |
Detailed competitors of Ardeko
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Asset Management
3 companies that operate in the same segment as Ardeko (Asset Management) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provides mutual funds management and financial advisory services. | 1987 | Mumbai, Maharashtra, India | ||||
Mutual funds, portfolio management, and retirement planning services are offered. | 2001 | Mumbai, Maharashtra, India | USD 142.4 M | USD 180.76 M | 1,840 | |
Online platform for stock trading, mutual funds, and investment tools. | 1994 | Mumbai, Maharashtra, India |
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Frequently Asked Questions about Ardeko
Ardeko was founded in 2018 and raised its 1st funding round 7 years after it was founded.
Ardeko is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Ardeko is a funded company, having raised a total of $578.13K across 1 funding round to date. The company's 1st funding round was a Angel Round of $578.13K, raised on Jan 2025.
Ardeko has 40 employees.
The primary company behind Ardeko, Ardeko Asset Management Private Limited, reported revenue of ₹1.70 Cr for FY 2025.
A SEBI registered investment advisor providing wealth and investment solutions for family offices, high-net-worth individuals, and businesses. They offer advisory services encompassing investment strategy, product selection, deployment, and review. Their services include family office advisory, focusing on balancing post-tax returns and risk; product advisory, covering equity, debt, and startup investments through various instruments; and investment advisory, involving in-depth research on projects, businesses, and sectors. The firm employs an advisory-only model, prioritizing client interests and transparency. They possess extensive experience in debt and equity research, working with major fund managers in the Indian market.
Ardeko's top competitors include Prudent, Reliance Capital and Equentis Wealth Advisory Services.
Ardeko has 2 investors. Key investors include Sagir Mohib Khericha, and Saurabh Kumar.
The valuation of Ardeko is $6.07M as of Jan 2025.
Ardeko operates through Ardeko Asset Management Private Limited.
The legal entities of Ardeko currently have 4 directors, including Komal Devam Modi, Devam Mahinbhai Modi, Jaymin Jayantilal Shah and others.