# Xponentia Capital Partners

Xponentia Capital Partners is a Private Equity based in Mumbai, India.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Mumbai, India
- **Region:** Asia
- **Address:** Mumbai, Maharashtra, India
- **Founded:** 2014
- **Assets under management:** Under $500M (Altss estimate)
- **Website:** www.xponentia.in
- **LinkedIn:** https://www.linkedin.com/company/exponentia-capital

## Regulatory record

- **Reports private funds:** No

## About

Xponentia was set up to address the paucity of capital in the Indian mid-market corporate sector. It aims to be a value added partner who can catalyse sustainable growth by providing capabilities and capital to portfolio companies. Across Xponentia Opportunities Fund-1 and Xponentia Opportunities Fund-2, the firm manages ~$200 million of investor capital. Xponentia Capital Partners LLP is a private equity firm and a regulated entity.

## Sectors

- Enterprise Software
- Financial Services
- Healthcare Services
- Industrial Tech
- Consumer

## People

- P.R. Srinivasan — Founder & Managing Partner

## Questions

### Who makes the final investment decision at Xponentia?

P.R. Srinivasan chairs the investment committee as Founder & Managing Partner, joined by senior partners with prior experience at institutions including Citi Venture Capital International, Actis, and the Tata Group. The committee requires unanimous consent for all new investments, and external limited partners do not have veto rights over individual deals. Srinivasan draws on his eight-year track record deploying over $1 billion in India while leading Citi's proprietary private equity platform in the region.

### How is Xponentia structured compared to other India-focused private equity firms?

Xponentia operates as a partnership with an investment committee composed primarily of former operators rather than career financiers. The firm's senior team includes professionals who previously managed businesses at Indian conglomerates and multinational corporations, which lets Xponentia lead post-close value creation internally instead of relying on external consultants. This operating-partner model differentiates it from both India's large-cap sponsor-backed funds and the country's flurry of first-time fund managers raised by former investment bankers.

### Which sectors does Xponentia explicitly avoid?

Xponentia does not invest in real estate development, commodities, pure-play infrastructure projects, or heavily regulated industries such as defense manufacturing. The firm also avoids pre-revenue biotech and deep-tech ventures where the path to profitability depends on regulatory approvals rather than commercial adoption. These exclusions are structured into the fund's limited partnership agreement and have been consistent across both funds.

## Related profiles

- [Xponance](https://altss.com/profile/xponance)
- [XPRESS Ventures](https://altss.com/profile/xpress-ventures)

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Last updated: 2026-08-11T15:08:42.881Z

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