Invest for a Sustainable Future, Impact Capital Asset Management

ICAM

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management.

Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Invest for a Sustainable Future

Impact Capital Asset Management

Established in August 2020, Impact Capital Asset Management Pte. Ltd. (ICAM) was conceived by seasoned professionals Deepak Mawandia and Atul Tetambe. Both have accumulated a wealth of knowledge and experience from their extensive tenures in the financial sector. In 2019, ICAM secured its RFMC license and subsequently introduced a technology-centric venture fund. By 2021, with the acquisition of its CMS license, ICAM witnessed steady growth in its assets under management. Presently, ICAM manages a portfolio exceeding USD 1 billion, diversified across various countries. Central to ICAM’s foundation is a commitment to offering a platform singularly dedicated to the best interests of its investor clients. The combined expertise of Deepak and Atul firmly establishes ICAM as a notable entity in the wealth management field.

Equity Bottom-Up

<ul>
<li>Net income over the twelve months to June 2026 grew 103.5% and pre-tax income grew 41.5%.</li>
<li>A single tax entry separates them: A US$19.9m release of a valuation allowance on deferred tax assets, which brought in no cash and cannot arrive twice.</li>
<li>On reported earnings the shares trade at 41.7x; strip the release and the same price is 57.8x. </li>
</ul>


Net income over the twelve months to June 2026 grew 103.5% and pre-tax income grew 41.5%.
A single tax entry separates them: A US$19.9m release of a valuation allowance on deferred tax assets, which brought in no cash and cannot arrive twice.
On reported earnings the shares trade at 41.7x; strip the release and the same price is 57.8x. 


AvePoint

AvePoint Inc: 2QFY2026 Update