16 Private Equity Firms in India - Flippa
This list spotlights active private equity investors in India across consumer, healthcare, financial services, tech-enabled services, and industrials. Use it to shortlist firms by sector, stage, ownership preference, and check size. Match your deal to each mandate before you reach out, then tailor your teaser and data room accordingly.
Ascent Capital
Key facts about the firm:
Headquarters: Bangalore, Karnataka, India
Founded: 2000
Industry focus: Venture Capital
Number of investments: 43
Number of exits: 9
Details about the fund:
Ascent Capital is a well-known independent private equity firm with a strong focus on India.
Where to find them: Website
Barclays Private Equity
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 1997
Industry focus: Banking, Finance, Financial Services
Number of investments: 4
Number of exits: 3
Details about the fund:
The Barclays Bank established the infrastructure funds management company Barclays Private Equity.
Where to find them: Website
Bay Capital
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 2006
Industry focus: Financial Services
Number of investments: 14
Number of exits: 4
Details about the fund:
Founded in 2006 by a skilled group of experts, Bay Capital is an independent investment management organization that focuses on topics that
Where to find them: Website
Caspian Impact Investments
Key facts about the firm:
Headquarters: Hyderabad, Andhra Pradesh, India
Founded: 2005
Industry focus: Angel Investment, Finance, Venture Capital
Number of investments: 26
Number of exits: 6
Details about the fund:
Investment advising company Caspian Impact Investment Adviser makes investments in companies that generate both financial and social benefit.
Where to find them: Website
Enam Holdings
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 1984
Industry focus: Financial Services
Number of investments: 9
Number of exits: 2
Details about the fund:
The private major investment organization Enam Holdings has a 30-year history of making investments in the Indian capital markets.
Where to find them: Website
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400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
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Faering Capital
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 2010
Industry focus: Asset Management, Banking, Financial Services
Number of investments: 28
Number of exits: 6
Details about the fund:
Private equity company Faering Capital provides asset management services.
Where to find them: Website
Fulcrum Venture India
Key facts about the firm:
Headquarters: Chennai, Tamil Nadu, India
Founded: 2000
Industry focus: Finance, Impact Investing, Small and Medium Businesses
Number of investments: 15
Number of exits: 2
Details about the fund:
Fulcrum is a private equity investor created in 2000 with a concentration on the SME business possibilities. Fulcrum is a private equity investor specialized in lower middle market firms in buyouts.
Where to find them: Website
Gaja Capital
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 2004
Industry focus: Education, Financial Services, Venture Capital
Number of investments: 32
Number of exits: 9
Details about the fund:
India focused mid-market private equity firm that invests in emerging sectors such as Education, Financial Services and Consumer.
Where to find them: Website
Kedaara Capital
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 2011
Industry focus: Financial Services
Number of investments: 19
Number of exits: 5
Details about the fund:
Kedaara Capital is a private equity firm that specializes in operations.
Where to find them: Website
MAPE Advisory Group
Key facts about the firm:
Headquarters: Bangalore, Karnataka, India
Founded: 2001
Industry focus: Finance
Number of investments: 80+
Number of exits: 25
Details about the fund:
Indian investment bank MAPE Advising Group specializes in M&A and Private Equity advisory
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Motilal Oswal Private Equity
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 2006
Industry focus: Finance, Financial Services
Number of investments: 23
Number of exits: 5
Details about the fund:
The financial services company Motilal Oswal has a private equity division called Motilal Oswal Private Equity.
Where to find them: Website
Multiples
Key facts about the firm:
Headquarters: Worli, Maharashtra, India
Founded: 2009
Industry focus: Asset Management, Finance, Venture Capital
Number of investments: 34
Number of exits: 10
Details about the fund:
Multiples A private equity business focusing in mid- to late-stage equity investments is called Alternate Asset Management Private Limited.
Where to find them: Website
Paragon Partners, India
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 2015
Industry focus: Finance, Impact Investing, Small and Medium Businesses
Number of investments: 14
Number of exits: 3
Details about the fund:
Paragon Partners to become a premier mid-market private equity investor with a concentration on India
Where to find them: Website
Sabre Partners
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 2002
Industry focus: Financial Services
Number of investments: 18
Number of exits: 3
Details about the fund:
Private equity company Sabre Partners specializes on middle market investments and provides growth funding.
Where to find them: Website
Samara Capital
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 2006
Industry focus: Finance, Financial Services, Venture Capital
Number of investments: 12
Number of exits: 2
Details about the fund:
A private equity company is Samara Capital.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
True North
Key facts about the firm:
Headquarters: Mumbai, Maharashtra, India
Founded: 1999
Industry focus: Financial Services
Number of investments: 49
Number of exits: 19
Details about the fund:
The company was established with the intention of making investments in mid-sized, lucrative companies with a focus on India.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Conclusion
India’s PE market is competitive and data driven. Lead with a clear thesis, clean financials, and a realistic value-creation plan. Align on use of proceeds, governance, and timeline early. The closer the fit with a firm’s mandate and fund size, the faster you move from intro to term sheet.
FAQs
Which sectors are most active for India PE right now?
Consumer and consumer-tech, healthcare services, pharma and contract manufacturing, financial services and fintech, IT/ITeS, and select industrials and logistics remain core focus areas.
Do India PE firms prefer majority or minority deals?
Both happen. Many mid-market funds take significant minority stakes with strong rights, while control deals are common in buyouts, carve-outs, and succession cases. Check each firm’s ownership preference.
What check sizes should I expect?
Mid-market investors often write ₹80–800 crore (roughly $10–100M) equity checks. Large-cap platforms can commit $150M+ per transaction. Always verify against the latest fund size.
What should I include in my teaser and data room?
A crisp teaser plus a CIM with historical and projected P&L, cash flow and working capital, unit economics, customer concentration, compliance status, capex plan, and a detailed value-creation roadmap. Add diligence packs: tax, legal, ESG, and key contracts.
What are the common exit routes in India?
Strategic M&A, secondary sales to larger PE funds, and IPOs on Indian exchanges. Timing depends on growth, profitability, market conditions, and readiness of governance and reporting.
