Private Equity

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FidelisWorld

Anand Krishnan runs FidelisWorld from Mauritius, deploying growth equity into digitally-enabled Indian consumer companies with a fully-deployed first fund.

FidelisWorld logo

FidelisWorld

FidelisWorld is a specialist growth-equity firm founded by Managing Partner Anand S. Krishnan and Managing Director Amit R. Krishnan. The firm operates from Ebene, Mauritius, but deploys capital almost exclusively into India's rapidly-growing digitally-enabled consumer and services sectors. The investment team draws on over a century of combined experience across private equity, investment banking, and management consulting. The strategy targets profitable or near-profitable companies with scalable, high-return-on-equity business models. The firm takes significant minority positions — structuring for governance and investment protections — and assists management with capital and strategic guidance. Portfolio holdings include a virtual-reality and robotics-based recreation chain operating across India, the US, the UAE and Saudi Arabia, a leading outdoor gear brand engineered for Asian conditions, and a healthier-foods-and-beverages platform with an expanding footprint beyond India. Prior exits have spanned global sports-arena media management and a cricket-focused content-and-analytics business. FidelisWorld's first fund is fully deployed. The firm operates through its regulated entity, FW Asset Management Limited, and while no further team size or parallel vehicles are disclosed, its model involves leveraging proprietary networks to source entrepreneurs with credible records and established market differentiation. The investment thesis emphasizes businesses that are already global or possess a clear path to developing an international footprint. The structural differentiator is the firm's unwavering India-specialist consumer focus combined with a Mauritius-based vehicle architecture, a setup that creates a distinct regulatory and cross-border posture for international LPs seeking exposure to the subcontinent's domestic demand story. The partnership is tightly held by the Krishnan principals, concentrating decision-making and relationship capital in a two-person leadership layer.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

Africa

Country

Mauritius

City

Ebene

Corporate office

IFS Court, TwentyEight Cybercity, Ebene, Mauritius

Principals

Anand S. Krishnan

Managing Partner

Amit R. Krishnan

Managing Director

Sector focus

ConsumerMedia & EntertainmentLuxury

Frequently asked questions

Who runs investment decisions at FidelisWorld?

Managing Partner Anand S. Krishnan and Managing Director Amit R. Krishnan lead the firm. The lean, two-principal structure concentrates sourcing, due diligence, and portfolio governance in their hands, drawing on the team's combined century of experience across private equity, investment banking, and consulting.

How does FidelisWorld source proprietary deal flow?

The firm relies on the proprietary networks of its senior team to identify entrepreneurs and companies with credible track records and clear differentiation. It targets businesses that are profitable or near-profitable and operates a specialist India-consumer mandate that naturally filters inbound opportunities.

Is FidelisWorld structured as a family office or a traditional private equity firm?

It is a private equity asset manager, not a family office. The firm pools external capital into dedicated funds, with its regulated entity, FW Asset Management Limited, domiciled in Mauritius.

What investment instrument does FidelisWorld typically use?

FidelisWorld prefers significant minority equity stakes with meaningful governance rights and investment protection provisions. It does not describe itself as a control buyer but structures to influence value creation alongside founders and management teams.

Which geographies and sectors does FidelisWorld focus on?

Investment activity is concentrated in rapidly-growing India, specifically within digitally-enabled consumer and services verticals. Portfolio companies also demonstrate an international dimension, with operations reaching the US, UAE, and Saudi Arabia—creating a domestic-India-plus-export footprint.

Does FidelisWorld participate in fund commitments or only direct deals?

The firm makes direct growth-equity investments into operating companies. There is no disclosure of a fund-of-funds program, indicating a pure direct-deal approach through its dedicated investment funds.

How is FidelisWorld's first fund positioned for future fundraises?

The firm states that its first investment fund is fully deployed and that it intends to continue the strategy in future funds. However, no formal subsequent vehicle, target size, or timeline has been publicly disclosed as of the available record.

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