# Phi Capital

Phi Capital is a Private Equity based in New Delhi, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** New Delhi, India
- **Region:** Asia
- **Address:** New Delhi, India
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.phicapital.in

## Regulatory record

- **Reports private funds:** No

## About

Phi Capital is an investment firm founded in 2008 in New Delhi, India. It provides growth capital and operational assistance to portfolio companies in the automotive, healthcare, and financial services industries. The firm has made 8 investments, including The Arya Vaidya Pharmacy in November 2023, and has 1 portfolio exit, Krsnaa Diagnostics in August 2021.

## Questions

### What investment stages does Phi Capital target?

Phi Capital's mandate, as described in public record, spans the full corporate lifecycle — early-stage seed and startup venture, expansion and late-stage growth, buyouts, PIPEs, and turnaround situations. This multi-stage approach is uncommon among India-domiciled managers, most of whom specialize in a single stage band.

### Does Phi Capital participate in fund commitments or only direct deals?

Available public disclosures do not specify whether Phi Capital operates through a commingled fund structure, makes direct investments from a proprietary balance sheet, or pursues both. The firm has not published fund size, vintage, or limited partner information.

### Who runs investment decisions at Phi Capital?

Phi Capital has not publicly named its principals, investment committee members, or senior leadership. The firm's website and public filings do not list management biographies or decision-making governance.

### Which sectors does Phi Capital explicitly avoid?

Phi Capital has not published a sector exclusion list or investment restriction policy. No sector tags are confirmed from public disclosures. Allocators should request the current investment policy statement during diligence.

## Related profiles

- [Pheim Asset Management](https://altss.com/profile/pheim-asset-management-asia)
- [Phillips Energy](https://altss.com/profile/phillips-energy-inc)

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

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