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Saumil Parikh
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My Journey

You only have to be right once

Failed CA practice, cricket turf, restaurant, and real estate — to a thriving financial markets business.

It all started in 2008 when I started my articleship for Chartered Accountancy at KPMG. I was fortunate to have audited ICICI Bank, Reliance Capital Asset Management, HSBC and MCX. I learnt so much about capital markets that the stock market bug bit me.

Post qualification in 2011, I joined CRISIL Research in Pune on the HOLT team valuing European banks and NBFCs. I eventually decided to quit and start my own venture.

Timeline

The path so far

  1. 2008

    KPMG articleship

    Started CA articleship at KPMG. Audited ICICI Bank, Reliance Capital Asset Management, HSBC and MCX — and caught the capital markets bug.

  2. 2011

    CRISIL Research

    Joined CRISIL Research in Pune on the HOLT team, valuing European banks and NBFCs on a proprietary CFROI model. Decided the corporate path was not enough — and left to build.

  3. 2012

    Scale Up is born

    Scale Up Financial started with one person. High confidence, hard lessons, setbacks after setbacks. Where you have nothing to lose is when you win.

  4. 2012–2019

    Slow build

    Scale Up went through ups and downs and grew from 2 members to 8. Survival first; scale later.

  5. 2020

    Risk management breakthrough

    When NIFTY was down ~40%, we were in positive. The power of derivatives with disciplined hedging: survive large moves, stay in the game. It’s not the best who wins — it’s the last man standing.

  6. 2023

    GIFT City fund licence

    Received the licence for a dollar-denominated Category III AIF out of GIFT City. Sattvic Wealth Bharat Fund serves foreign and NRI investors in the India growth story.

  7. Today

    Three businesses

    By God’s grace, a team of ~50 traders across Scale Up, House of Alpha, and Sattvic Wealth — still learning, still teaching, still standing.

Apart from business, I am passionate about helping people — NGOs focused on children’s education, women empowerment and senior citizen welfare. I am an avid cricket lover, and if anyone wants to learn finance or trading, they can come to the office and learn as long as they like.

Feel free to reach out if you want to have a coffee.

Let’s have a coffee

Let’s Connect

Let’s Connect

Equity investments, derivatives, wealth management, education, or a chat about finance — feel free to connect.