Private Equity

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India Alternatives Investment Advisors

India Alternatives is a mid-market private equity firm that backs mid-market companies in India poised to become market leaders and category creators.

India Alternatives Investment Advisors logo

India Alternatives Investment Advisors

India Alternatives is a mid-market private equity firm that backs mid-market companies in India poised to become market leaders and category creators. Two-thirds of its portfolio companies are #1 or #2 in their respective markets. The firm partners with founders and takes a relationship-oriented approach as committed partners rather than passive investors.

General information

Firm type

Private Equity

Year founded

2011

Location

Region

Asia

Country

India

City

Mumbai

Corporate office

Mumbai, India

Principals

Shivani Bhasin Sachdeva

Founder & CEO

Darshan Gandhi

Senior Principal

Harish R

Principal

Naman Nolkha

Analyst

Amish Agrawal

Analyst

Sheersha Mathur

Analyst

Rinette Amanna

Sr. Manager – Admin & Operations

Rahul Jain

Manager - Finance

Soniya Mehta

Admin Executive

Rupa Vora

Member of Board of Directors

Karan Bhagat

Investment Advisor

Kiran Nadkarni

Investment Advisor

Dr. Ajai Kumar

Advisory Council

Satish Pillai

Advisory Council

Sector focus

Enterprise SoftwareHealthcare ServicesFinTechIndustrial Tech

Frequently asked questions

What investment strategies does India Alternatives run?

The firm operates two strategies: growth equity for minority and control positions in expansion-stage Indian companies, and venture debt for revenue-stage startups that need working capital or growth financing outside traditional bank channels. Both strategies target mid-market businesses with established revenue models. The growth equity practice seeks companies with a clear path to market leadership, while the venture debt arm structures loans against receivables or revenue contracts.

What sectors does India Alternatives target?

The firm concentrates on enterprise software, healthcare services, fintech, and industrial technology. These sectors align with India's domestic consumption and digital adoption trends, and they produce the revenue-stage companies that fit the firm's dual debt-and-equity mandate. The healthcare and fintech exposures in particular reflect regulatory and infrastructure shifts that create mid-market growth opportunities.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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