# Elara Capital

Elara Capital is a Private Equity based in London, United Kingdom.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** www.elaracapital.com
- **LinkedIn:** https://www.linkedin.com/company/elara-capital

## Regulatory record

- **Reports private funds:** No

## About

Institutional equity lies at the core of Elara Capital’s strategy to create long-term value across India’s capital markets and beyond. We are a London-headquartered, full-service investment bank and brokerage firm focused on India and emerging markets. Founded in 2002–03, we help corporations unlock global capital through expert advisory and seamless execution. With offices across London, Mumbai, New York, and Singapore, we offer integrated solutions spanning investment banking, equities, sales & trading, and wealth management. Backed by 200–250 professionals, we’ve raised over ₹35,000 crore through IPOs, QIPs, FCCBs, and other capital market instruments. We serve mutual funds, insurance firms, and FIIs with a combined AUM of over ₹33 trillion. Our research, consistently ranked among India’s Top 20, covers 300+ companies and powers strategic insights. Ashwamedh, our flagship conference, convenes global investors and Indian industry leaders each year.

## Sectors

- Investment Banking
- Institutional Equities
- Global Debt Capital Markets
- Asset Management

## Offices

- Mumbai
- Ahmedabad
- Delhi
- Surat
- Pune
- Singapore
- Mauritius
- Tokyo
- New York

## People

- Raj Bhatt — Chairman & CEO - Elara Capital Group
- Ajay Pandey — COO & Head ECM
- Harendra Kumar — Managing Director - Institutional Equities & Global Research

## Questions

### Who runs investment decisions at Elara Capital?

Chairman and CEO Raj Bhatt founded the firm in 2002 and remains the central decision-maker for the group. Investment banking is led by Abhijit Das (President of Investment Banking), with Sameer Shetty heading corporate finance advisory and Ramnish Kochgave running equity capital markets. The institutional equities and global research division operates under Managing Director Harendra Kumar.

### How is Elara Capital structured across its different entities?

The Elara Group comprises multiple regulated entities across jurisdictions: Elara Capital PLC (London) serves as the group parent; Elara Securities (India) Private Limited runs Indian institutional equities and research; Elara Capital Inc and Elara Securities Inc cover the United States; Elara Capital (Singapore) Pte. Ltd and Elara Capital (Asia) Pte. Ltd handle Southeast Asian operations; Elara Capital (Mauritius) Limited covers the Mauritius corridor; and Elara Capital (Japan) operates from Tokyo. A separate NBFC, Elara Finance (India) Private Limited, and Elara Asset Management Limited round out the group.

### What is Elara Capital's core investment banking focus?

Elara Capital's investment banking practice serves India's small and mid-cap companies across buyout, growth, PIPE, recapitalisation, restructuring and general venture mandates. The firm historically built its reputation on cross-border capital raising — first through GDRs, then FCCBs, and later through IPOs, QIPs and OFS — and claims to have raised over INR 35,000 Crores across these instruments.

### Does Elara Capital invest proprietary capital or act purely as an intermediary?

Elara operates both as an intermediary and as an asset manager. The institutional equities and investment banking divisions act as intermediaries for corporate and institutional clients. The firm also operates Elara Asset Management Limited, which runs proprietary investment strategies, and Elara Finance (India) Private Limited, an NBFC licensed to deploy balance-sheet capital.

### Which markets does Elara Capital physically operate in?

Elara maintains offices in London, Mumbai, Ahmedabad, Delhi, Surat, Pune, Singapore, Mauritius, Tokyo and New York. Regulated entities are active in the UK, India, the US, Singapore, Mauritius and Japan, making it one of the more geographically licensed mid-market Indian investment banks.

### How did Elara Capital navigate the 2008 credit crisis?

Before 2008, Elara had become a significant issuer of FCCBs for Indian companies, completing transactions for 100 to 200 firms. When the global credit crisis froze cross-border capital markets, the firm used the event to diversify its product set and geography — establishing offices in India, New York, Singapore and Dubai, and building out equity research, institutional equities and investment banking to become a full-service bank.

## Related profiles

- [Elan Growth Partners](https://altss.com/profile/elan-growth-partners)
- [El Area](https://altss.com/profile/el-area)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/elara-capital

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology