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>Ever Glory has changed from the IPO-era Sunbeam Mechanical and Electrical (M&amp;E) base into a larger Mainboard-listed group with Sunbeam M&amp;E, Fire-Guard, Guthrie Engineering (GE), Ever Capital, Tek Guthrie and property interests.</li><li>FY2025 revenue rose to S$116.4m, with GE contributing S$54.5m from 1 July 2025.</li><li>Pro forma FY2025 revenue would have been S$180.8m if GE had been acquired from 1 January 2025. </li></ul>

Ever Glory has changed from the IPO-era Sunbeam Mechanical and Electrical (M&amp;E) base into a larger Mainboard-listed group with Sunbeam M&amp;E, Fire-Guard, Guthrie Engineering (GE), Ever Capital, Tek Guthrie and property interests.FY2025 revenue rose to S$116.4m, with GE contributing S$54.5m from 1 July 2025.Pro forma FY2025 revenue would have been S$180.8m if GE had been acquired from 1 January 2025. 

Ever Glory United Holdings Limited Initiating Coverage