Arci Capital

Global investing,
thoughtfully structured.

A regulated Broker-Dealer in GIFT City, India, providing direct access to the world's equity markets for Indian and international investors.

Scroll or click to enter
Home About Us Why Global Markets Philosophy FAQ Contact

Where Indian Capital
Meets the World.

Arci Capital IFSC LLP provides structured, regulated access to global equity markets. We invest in what we know and understand with conviction, discipline, and a long-term orientation that transcends market cycles.

Regulator
IFSCA, GIFT City
License
Broker-Dealer
Exchange
India INX
Clearing Member
Globe Capital
About Arci Capital

A Regulated Gateway to Global Markets

Arci Capital IFSC LLP is a registered and regulated Broker-Dealer operating from GIFT City, India's first International Financial Services Centre. Founded by three brothers with lived professional and investing experience in the United States, we bridge Indian capital with the world's most dynamic equity markets.

We are not a legacy institution. We are purpose-built for a new generation of Indian investors who understand that the world's most important companies are not all listed in India.

Our Story
01
IFSCA Licensed Entity
Regulated by the International Financial Services Centres Authority, India's apex regulator for all international financial services within GIFT City.
02
Broker-Dealer License
Holds a Broker-Dealer license under the IFSCA framework, enabling direct facilitation of global equity transactions for qualifying investors.
03
India INX Membership
Member of India International Exchange, India's first and foremost international exchange operating within GIFT City IFSC.
04
Tax-Structured Access
One of the most efficient and legally sound vehicles for Indian resident investors to gain direct exposure to global markets with structural tax advantages.
Our Approach

What Sets Us Apart

We combine regulatory infrastructure, firsthand US market experience, and a genuine research orientation, three things rarely found together in this space.

01
Practitioner-Led

Our founders spent years managing proprietary capital in US equity markets before establishing Arci Capital. The orientation here is that of investors, not intermediaries.

02
Regulated Infrastructure

Every transaction operates through a fully licensed, IFSCA-regulated entity, the same regulatory framework as institutional participants in India's IFSC.

03
Research-Grounded

We invest in what we know, understand, and have conviction in. Our circle of competence is defined by rigorous study, not market convention. We stay sector-agnostic following quality wherever it resides, not where an index tells us to look.

04
Built for Clarity

The GIFT City framework can be complex to navigate. We exist to make it simple, providing investors a clear, compliant, and efficient pathway to global equity exposure.

Investment Philosophy

We invest in what we
know and understand.

36.2% CAGR since inception  ·  March 2024 – June 2026

Our philosophy is built on a simple but demanding idea: stay within your circle of competence, remain patient, and invest only when conviction is high. We are not market timers. We are long-term owners of quality businesses.

·
Circle of Competence

We invest exclusively in businesses we understand deeply: their economics, competitive dynamics, and long-term positioning. If we cannot explain the edge, we do not invest.

·
Sector Agnostic

We carry no structural bias toward any sector. Opportunity can emerge anywhere. The discipline lies in evaluating each idea on its own merits, not on where it sits in an index.

·
Long-Term Orientation

We think in years, not quarters. The compounding of high-quality businesses over long horizons is the most powerful force in investing. Short-term noise is an opportunity, not a threat.

Portfolio Returns vs. Benchmarks
March 2024 – June 2026 · Indexed to 100 · CAGR basis
Arci Capital+36.2% CAGR
S&P 500+18.4% CAGR
NASDAQ 100+25.8% CAGR
0pts alpha vs S&P 500
It's time to think globally

Begin Your Global Market Journey

Speak with our team to understand how Arci Capital's GIFT City structure provides efficient, regulated access to the world's equity markets.

Home/About Us

Committed to clarity,
trust, and long-term value.

Three brothers. A decade of US market experience. A shared belief that the best investment decisions are made not at the terminal, but through deep, patient research built from within India's premier international financial centre.

Our Identity
Entity
Arci Capital IFSC LLP
Structure
Limited Liability Partnership
Registered Office
GIFT City, Gandhi Nagar, Gujarat
License
IFSCA Broker-Dealer
Exchange
India INX, Member
Clearing
Globe Capital
Our Background

There is something clarifying about spending years in a market before you try to serve it. Aaditya, Raj, and Rishi Mehta, three brothers, each moved to the United States for education, built careers there across technology, business, and ecommerce, and returned to India with something most participants in this space lack: lived experience of the US market as investors, professionals, and observers.

We watched equity markets up close. We invested and managed proprietary capital. We understood the depth, liquidity, and structural efficiency of US markets, and we saw the gap clearly when we came home. Indian investors seeking direct global exposure face a maze of friction: administrative complexity, limited instruments, suboptimal tax treatment, and intermediaries who have never stood on the other side of a trade.

Arci Capital is our answer to that gap. A licensed, regulated, GIFT City-based Broker-Dealer that gives investors structured, compliant access to global equity markets, built with the discipline of a regulated firm and the conviction of practitioners who have invested their own capital in those same markets.

We are not attempting to replicate a legacy institution. We are building something deliberate, for a new generation of Indian capital allocation.

Designated Partners

Aaditya Mehta
Aaditya Mehta
Designated Partner
USC Marshall School of Business

After graduating from USC Marshall, Aaditya spent eight years in Los Angeles, first in a technology startup, then at Paramount+, gaining direct exposure to US public markets throughout. On returning to India, he managed proprietary capital before co-founding Arci Capital.

Raj Mehta
Raj Mehta
Designated Partner
Babson College

Raj graduated from Babson College and joined PTC through its Business Rotational Leadership Development Program, gaining exposure across enterprise technology, strategy, and operations in Boston and New York. Alongside his corporate career, he managed proprietary capital in US equities, a conviction that became the foundation of Arci Capital.

Rishi Mehta
Rishi Mehta
Designated Partner
Babson College

Rishi graduated from Babson College and joined Rokt, a high-growth ecommerce technology company at pre-IPO stage, working across ecommerce strategy and operations. Throughout his time in the US, he managed proprietary capital in public markets, before returning to co-found Arci Capital as a designated partner.

Team

Harsh Shah
Harsh Shah
Principal Officer
MBA, Finance | NISM Certified

Harsh holds an MBA in Finance with NISM certifications, and brings over six years of capital markets experience in derivatives research and quantitative strategy. He has designed and backtested derivatives-based trading strategies across equity and index markets, alongside deep expertise in fundamental research and business analysis.

Home/Contact

Let's start a
conversation.

Whether you are an Indian investor exploring global access, an international investor examining the IFSC framework, or an institution seeking a regulated counterparty, we welcome your enquiry.

Our Details

Contact and Office Information

Email
arcicapital@gmail.com
Registered Office
Unit No. 17, The Platform,
Block 11/TS2/Sangath, GIFT City,
Gandhi Nagar, Gujarat, India, 382050
Entity Name
Arci Capital IFSC LLP
Regulator
International Financial Services Centres Authority (IFSCA)
Exchange
India International Exchange (India INX), Member
Clearing Member
Globe Capital
Regulatory Notice
Arci Capital IFSC LLP is a regulated entity under IFSCA. All interactions are subject to applicable IFSCA regulations, KYC/AML requirements, and FEMA guidelines. Investments in global markets involve risk. This is not investment advice.
Send an Enquiry
Enquiry Received
Thank you for reaching out. We will respond within 1 to 2 business days. In the meantime, you can also reach us directly at arcicapital@gmail.com.

We respond within 1 to 2 business days. All enquiries are treated in strict confidence.

Home/Why Global Markets

The case for
investing globally.

India's equity markets are a remarkable growth story, yet they represent a fraction of total global market capitalisation. The sectors and companies that will define the next several decades are predominantly listed elsewhere.

The Opportunity

India is one chapter.
Read the whole book.

India's listed equity market is among the world's most vibrant, yet it accounts for roughly 3 to 4% of total global equity market capitalisation. The remaining 96% resides on exchanges across the United States, Europe, Japan, and the broader Asia-Pacific region.

Among that 96% are the world's most valuable enterprises: the dominant technology platforms, the leading semiconductor designers, the pharmaceutical innovators, and the infrastructure underlying the digital economy. Limiting a portfolio exclusively to domestic markets is not conservative. It is concentration risk, and one of the most consequential structural blind spots in Indian wealth management.

Speak with Our Team
~96%
of global market capitalisation lies outside India's domestic exchanges
$110T+
estimated total global equity market capitalisation across all major exchanges
60%+
of global market cap concentrated in US-listed equities alone
20yr
income tax holiday available to IFSC units in GIFT City, making it one of India's most tax-advantaged structures
Core Arguments

Why global investing
is no longer optional

01
Access to Unserved Sectors

India's listed universe has meaningful gaps. Large-cap global technology, advanced semiconductor design, clinical-stage biotechnology, space infrastructure, and clean energy hardware are overwhelmingly listed on US and European exchanges. Limiting allocation to domestic markets means systematically excluding entire economic categories of significant long-term consequence.

02
Portfolio Diversification

Genuine diversification requires assets with low or negative correlation. Indian equity markets exhibit significant domestic macroeconomic correlation, meaning domestic holdings tend to move together through cycles. Exposure to US, European, and Asia-Pacific equities alongside Indian positions reduces single-market risk and smooths portfolio volatility across economic cycles.

03
Currency Diversification

The Indian Rupee has depreciated against major reserve currencies over extended time horizons, averaging approximately 2 to 4% annually against the US Dollar over the past several decades. Holding assets denominated in USD or EUR provides a structural hedge against rupee depreciation, adding a meaningful layer of wealth preservation that purely domestic portfolios cannot offer.

04
Market Depth and Liquidity

US equity markets operate with a depth, price discovery efficiency, and trading liquidity that is unmatched globally. The ability to enter and exit large positions in major global names with minimal slippage, across extended trading hours and in multiple currencies, is a structural advantage that reduces transaction costs and improves execution quality over long investment horizons.

05
Long-Term Compounding

The S&P 500 has compounded at approximately 10 to 11% annually in USD terms over the long term. When denominated in INR, total returns have historically been meaningfully higher, reflecting both US market performance and rupee depreciation. Combined with the structural tax advantages of investing through the IFSC framework, the long-term compounding case is materially stronger than domestic-only allocation.

06
Participation in Global Innovation

The defining companies of the AI era, the semiconductor cycle, the next generation of platform businesses, and the energy transition are predominantly listed on international exchanges. A portfolio without global exposure is structurally underrepresented in the innovation economy that will determine wealth creation over the coming decades.

Through Arci Capital

How we facilitate
global access

01
IFSC-Regulated Vehicle

Arci Capital operates from GIFT City under the IFSCA framework, a structure that is legally robust, SEBI and FEMA-compliant, and purpose-built for cross-border capital flows at institutional and qualified investor levels.

02
Direct Market Access

As a licensed Broker-Dealer and India INX member, we provide direct access to global equity markets without the layering of fees, opacity of structure, or administrative friction common to legacy offshore investment routes.

03
Regulated Counterparty

Every transaction operates through a fully licensed, IFSCA-regulated entity. With Globe Capital as clearing member and India INX as the exchange, investors benefit from the same regulatory infrastructure available to institutional participants.

04
Tax-Efficient Structuring

The GIFT City IFSC framework provides qualifying investors with significant structural advantages, including a 20-year income tax holiday for IFSC units and no Securities Transaction Tax on qualifying transactions, making it one of the most tax-efficient vehicles for global equity participation available today.

GIFT City and IFSC

India's gateway
to global capital.

GIFT City, Gujarat International Finance Tec-City, is India's first and only operational International Financial Services Centre, designed as India's answer to Singapore, Dubai's DIFC, and London's financial ecosystem. It operates under the unified IFSCA framework, providing a regulatory environment purpose-built for international financial services.

Explore with Our Team
01
20-Year Income Tax Holiday
IFSC-registered units are eligible for a 20-year income tax holiday in GIFT City, making it one of the most tax-advantaged operating environments available within India.
02
No Securities Transaction Tax
Transactions conducted within the IFSC are exempt from STT, materially reducing the cost of trading relative to standard domestic market activity.
03
IFSCA, A Modern Regulator
Unlike legacy frameworks, IFSCA was purpose-built for international financial services, operating with speed, transparency, and a mandate explicitly designed to facilitate global capital participation.
04
India INX, An International Exchange
India's first international exchange, India INX provides access to global equity products and derivatives under a robust regulatory framework within GIFT City.
05
Government-Backed SEZ Framework
GIFT City operates under Special Economic Zone designation with direct government backing, positioning India as a competitive international financial services hub with long-term structural support.
06
LRS-Complementary Pathway
The GIFT City IFSC vehicle provides an efficient complement or alternative to LRS-based international investing for Indian residents, with clearer regulatory treatment and structured compliance frameworks.
Home/FAQ

Questions, answered.

Everything investors ask us about structure, eligibility, tax treatment, and how access to global markets actually works through Arci Capital.

Frequently Asked Questions

Arci Capital IFSC LLP is an entity based in GIFT City, not a retail brokerage operating under India's LRS framework. That distinction shapes almost every answer below , from who can invest, to how gains are taxed, to why the GIFT City structure exists in the first place. Browse by category or read straight through.

All Questions
Structure & Eligibility
Investing & Access
Tax & GIFT City Benefit
Funding & Operations
01
Structure & Eligibility
Can Indian residents invest in US stocks through Arci Capital?

Yes. Arci Capital IFSC LLP is a regulated Broker-Dealer licensed under the IFSCA in GIFT City, and we provide Indian and international investors with direct, structured access to global equity markets. Because we operate from within the IFSC rather than under SEBI/RBI's retail LRS framework, the route, the regulatory treatment, and the economics of investing are materially different from a standard domestic LRS brokerage account.

Is Arci Capital a stockbroker like a typical Indian discount broker?

No. We are a licensed Broker-Dealer entity registered and regulated by the IFSCA within GIFT City, India's International Financial Services Centre. We are not a SEBI-registered domestic stockbroker, and we do not route trades through the RBI's Liberalised Remittance Scheme (LRS) the way typical Indian apps do. Instead, transactions take place through India INX, with Globe Capital as clearing member, under the IFSCA's dedicated cross-border framework.

What is GIFT City and why does Arci Capital operate from there?

GIFT City , Gujarat International Finance Tec-City , is India's first and only operational International Financial Services Centre, regulated by the IFSCA, a unified, modern regulator built specifically for international financial services. Operating from GIFT City lets us offer Indian and international investors access to global markets through a single, IFSCA-regulated entity, with the legal and tax architecture of an offshore financial centre, while remaining fully within India.

We've built our entire structure around this advantage. It's why our tax treatment, our market access, and even our F&O eligibility (see below) differ from a conventional domestic broker.

Who can open an account with Arci Capital?

We onboard Indian resident individuals, NRIs, and other eligible investors who wish to invest in US and other global equity markets through a regulated GIFT City entity. Specific onboarding requirements and documentation are confirmed during account opening , reach out to our team and we'll walk you through eligibility for your specific situation.

Can Indian investors participate in F&O trading on US exchanges through Arci Capital?

Yes , and this is one of the clearest structural advantages of investing through us. Under the RBI's Liberalised Remittance Scheme, Indian residents investing directly from India are not permitted to trade derivatives (futures & options) on foreign exchanges; LRS only permits cash equity investments. Because Arci Capital is an entity based in GIFT City operating outside the LRS framework, we are able to offer eligible investors access to F&O trading on US exchanges , an avenue that simply isn't available through a conventional LRS-route broker.

GIFT City Advantage
02
Investing & Access
What can I invest in through Arci Capital?

We provide direct access to global equity markets, including US-listed stocks and ETFs, with F&O access available to eligible investors as noted above. As an India INX member operating under the IFSCA framework, our focus is on global equity products and derivatives.

Is there a minimum investment amount?

Minimum investment thresholds and account requirements are confirmed at onboarding and may vary based on the products and services you're accessing. Speak with our team for current details relevant to your account type.

How does the GIFT City route compare to investing directly from India under LRS?

The two routes differ in regulator, structure, and economics. LRS investing is governed by RBI/SEBI rules for outward remittance directly from India, capped at USD 250,000 per individual per financial year, restricted to cash equities, and taxed at the individual investor level in the normal course. Investing through Arci Capital instead routes your capital through an IFSCA-regulated entity based in GIFT City , which is what enables F&O access, and which changes how gains and dividends are taxed for you as an investor (see the Tax section below).

Can I set up recurring investments, like a SIP, in US stocks?

Recurring investment facilities are part of our broader platform capability. For current availability and setup, connect with our team , we'll confirm what's available for your account and the relevant products.

How does INR-USD currency movement affect my returns?

Since US stocks are priced in USD, your INR-equivalent returns depend on both the underlying stock's performance and the movement of the rupee against the dollar. A depreciating rupee adds to your INR returns; an appreciating rupee reduces them. Over long time horizons, the rupee has historically depreciated against the dollar, which is one of the structural reasons many investors view global diversification as a currency hedge as well as an equity allocation.

03
Tax & the GIFT City Benefit
How are my gains and dividends taxed when investing through Arci Capital?

This is the core structural advantage of investing through a GIFT City entity rather than directly from India. Arci Capital, as an IFSC entity, pays a gift tax of 9% on its income. Because this tax is paid by the entity itself, capital gains for Indian resident investors investing through us are tax-free in their hands , the obligation is settled at the entity level in GIFT City, not at the individual investor level.

Dividends are treated differently: dividend income is subject to a withholding tax before it reaches you, consistent with standard treatment for foreign-sourced dividend income. Beyond that withholding, no further capital gains tax is due from you as the investor.

GIFT City Advantage
How does this compare to investing in US stocks directly from India under LRS?

If you invest in US stocks directly from India under the RBI's LRS route, gains are taxed in your hands as per your applicable Indian income tax slab, regardless of how long you've held the position , there's no concessional long-term capital gains rate for foreign stocks held this way. Dividends are also taxed at your slab rate, with DTAA relief available to avoid being taxed twice on the same income by both India and the US.

Investing through Arci Capital as a GIFT City entity removes that slab-rate capital gains burden from the individual investor entirely, since the entity-level gift tax already covers it. This is the structural benefit of investing through GIFT City as an entity, rather than directly from India as an individual.

GIFT City Advantage
What withholding applies to dividends from US companies?

Dividends declared by US companies are subject to withholding tax before being credited to your account, in line with standard cross-border dividend treatment. This withholding is the only tax exposure on dividend income , it is not layered with an additional capital-gains-style tax in your hands, given the entity-level treatment described above.

Is there double taxation between India and the US on income earned through Arci Capital?

India and the US have a Double Taxation Avoidance Agreement (DTAA) designed to prevent the same income from being taxed twice across both jurisdictions. Combined with the GIFT City entity-level tax treatment outlined above, the overall structure is designed to be tax-efficient for Indian resident investors, avoiding the double layer of US-side withholding plus India-side slab taxation that direct LRS investing can involve.

Why does investing as a GIFT City entity matter for tax, compared to investing directly as an individual?

Because the GIFT City IFSC framework taxes the entity rather than the individual investor on capital gains, routing your global equity exposure through an entity like Arci Capital , instead of remitting funds yourself under LRS and investing as an individual , changes who bears the tax and how much. The entity absorbs a flat 9% gift tax on its income; you, as the investor, are not separately taxed on capital gains. This is the single biggest reason many investors choose a GIFT City route over direct LRS investing for their global equity allocation.

GIFT City Advantage
04
Funding & Operations
How do I fund my Arci Capital account?

Funding is arranged as part of the onboarding process with our team, who will walk you through the applicable transfer route and documentation for your account type. Because we operate as a GIFT City entity, the funding pathway differs from a standard LRS remittance , our team will confirm the specifics for your situation.

Who clears and settles my trades?

Trades are executed on India INX and cleared through Globe Capital, our clearing member, under the regulatory oversight of the IFSCA. This means your transactions sit within an institutional-grade regulatory and clearing infrastructure, rather than an informal or unregulated offshore arrangement.

What documentation do I need to get started?

Standard KYC documentation is required to open an account, consistent with IFSCA-regulated onboarding norms. Our team will provide the exact checklist relevant to whether you're an individual resident investor, an NRI, or another investor category.

Is my investment protected by regulatory oversight?

Yes. Arci Capital operates under a Broker-Dealer license issued by the IFSCA, India's apex regulator for international financial services within GIFT City. Every transaction runs through a fully licensed, regulated entity, with India INX as the exchange and Globe Capital as clearing member , the same category of regulatory infrastructure available to institutional participants, rather than an informal offshore arrangement.

Who do I contact if I have a question that isn't answered here?

We're happy to walk through your specific situation directly. Reach out to our team via the Contact page, and we'll get back to you with a clear, personalised answer.

Still have questions?

Talk to our team directly.

Home/Philosophy

We invest in what we
know and understand.

Our approach is deliberate, research-driven, and long-term. We stay within our circle of competence, maintain high conviction, and let compounding do the rest.

Our Core Beliefs

Philosophy, not
process.

Most investment frameworks describe what to do. Ours describes how to think. The distinction matters: a checklist can be followed blindly. A philosophy cannot.

We seek global long-term opportunities in businesses we genuinely understand. We are sector agnostic the best opportunities do not announce themselves by industry. They reveal themselves through research, rigour, and the willingness to go deep where others stay surface-level.

Our circle of competence is not fixed. It grows through deliberate study. But at any given moment, we invest only within it. When we are uncertain, we wait. Inactivity is not failure it is discipline.

Performance
36.2%
CAGR · March 2024 to June 2026

This result is not the product of leverage, momentum, or market timing. It is the product of patient research, concentrated conviction, and the discipline to hold through volatility. The goal is not to optimise every year it is to compound with integrity over time.

The Six Pillars

What guides every
investment decision.

01
Circle of Competence

We invest in businesses we genuinely understand their economics, moats, and risks. We do not invest in what we cannot independently explain. The boundary of our knowledge is the boundary of our portfolio.

02
Sector Agnostic

Quality businesses exist in every sector. We carry no structural allocation bias. Each idea is evaluated on its own merits, independent of sector rotation narratives or index composition.

03
Long-Term Orientation

We measure time in years, not quarters. Compounding at high rates over long periods is the most powerful force in wealth creation. Volatility is the cost of admission, not a risk to be avoided.

04
High Conviction

We size positions according to conviction. We diversify across businesses and geographies, but weight our best ideas more heavily. Every position we hold is one we have studied deeply and can defend independently.

05
Global Scope

The world's best businesses are not all in one country. We search without geographic constraint, following quality wherever it resides from the US to Europe to Asia and beyond.

06
Patient Capital

We are willing to sit in cash when opportunities are scarce. The pressure to be fully invested at all times destroys more value than any single bad stock pick. We wait for the right pitch.

The Arci Approach

We do not try to predict markets. We try to understand businesses. The best investment decisions are not made at the trading terminal they are made at the desk, in the primary sources, long before a price is ever quoted.

Start a Conversation