Mohnish Pabrai is the Managing Partner of the Pabrai Investment Funds and the Chairman and Chief Executive Officer of Dhandho Holdings.
Since inception in 1999 with $1 million in assets under management, Pabrai Investment Funds has grown to over $650 million in assets under management in 2014. The funds invest in public equities utilizing the Munger/Buffett Focused Value investing approach. Since inception, the funds have widely outperformed market indices and most investment managers. A $100,000 investment in Pabrai Funds at inception in 1999 would have been worth $1.1 million as of December 31, 2014 – an annualized gain of 16.7% (versus 5.6 % for the Dow).
Pabrai founded Dhandho Holdings and raised over $150 million in early 2014. Dhandho Holdings is set up with the primary strategy of acquiring private businesses, as well as a wider range of assets including public equities. It acquired its first business, Stonetrust Commercial Insurance Company, a U.S. based insurance company in December 2014.
Pabrai was the Founder/CEO of TransTech, Inc. – an IT Consulting and Systems Integration company. Founded in his home in 1990, Pabrai bootstrapped the company to over $20 million in revenue when it was sold in 2000. TransTech was recognized as an Inc. 500 company in 1996. Pabrai has been profiled by Forbes and Barron’s and appeared frequently on CNN, PBS, CNBC, Bloomberg TV and Bloomberg Radio. He has been quoted by various leading newspapers including USA Today, The Wall Street Journal, The Financial Times, The Economic Times and The Times of India. He is the author of two books on value investing, The Dhandho Investor and Mosaic: Perspectives on Investing. The Dhandho Investor has been translated into German, Chinese, Japanese and Thai.
Pabrai is the winner of the 1999 KPMG Illinois High Tech Entrepreneur award given by KPMG, The State of Illinois, and The City of Chicago. He is a member of the Chief Executives Organization (CEO) and World President’s Organization (WPO).
He is the Founder and Chairman of the Dakshana Foundation (www.dakshana.org). Dakshana Foundation is focused on providing world-class educational opportunities to economically and socially disadvantaged gifted children worldwide. The initial focus is on providing 1-2 years of world-class IIT-JEE (Joint Entrance Exam) coaching to gifted, but impoverished students in rural India. The IITs in India have accepted over 630 impoverished Dakshana Scholars in the last six years.
Mohnish strongly believes in a balanced life between work, family, and personal time. He enjoys spending time with his wife, Harina and children, Monsoon and Momachi. He loves reading and playing duplicate bridge. He lives in Irvine, California.