Insight driven strategies.
Profitable outcomes.
Built for consistency
across cycles
We combine deep market insight with analytical rigour to deliver dependable outcomes—regardless of market conditions. Our 25-year institutional legacy spans research and investment banking, giving us a 360-degree view of India's capital markets. Through our PMS and AIF platforms, we offer focused equity strategies and differentiated alternative investments—all anchored in risk-adjusted thinking, disciplined execution, and long-term orientation. We don't just manage capital; we build institutional-quality portfolios designed to compound through multiple market cycles.
₹4,447+ crores AuM raised
8+ years of heritage
PMS & CAT II AIFs across across 7 funds
Comprehensive platform: Spanning Public Equities, Private Credit, and Late-Stage Growth Equity Fund
1600+ investors
Research-led investment strategies
built for the long term
Public Equities
Public Equities
Quality businesses. Disciplined execution. Repeatable alpha.
Our Public Equities division offers two distinct strategies tailored to India's evolving market landscape.
The Flexicap Strategy delivers dynamic allocation across the market capitalization spectrum, optimizing exposure based on prevailing risk-reward conditions to generate superior returns over a two-to-three-year horizon.
The Core and Satellite Strategy builds a focused portfolio balancing high-conviction core holdings with tactical satellite positions, designed to capture alpha from the sector rotations that characterize Indian markets while benefiting from profit concentration among market leaders.
Spark India@75 Flexicap
A 20–30 stock portfolio with full flexibility across market caps—built for investors seeking broad-based, all-weather growth. Dynamic allocation optimizes exposure based on market risk-reward.
Spark India@75 Core & Satellite
A calibrated investment approach for sophisticated investors to leverage the advantages of having a focused portfolio. Core holdings provide stability, while satellite positions capture value from sector and theme rotations.
Public Equities
Quality businesses. Disciplined execution. Repeatable alpha.
Our Public Equities division offers two distinct strategies tailored to India's evolving market landscape.
The Flexicap Strategy delivers dynamic allocation across the market capitalization spectrum, optimizing exposure based on prevailing risk-reward conditions to generate superior returns over a two-to-three-year horizon.
The Core and Satellite Strategy builds a focused portfolio balancing high-conviction core holdings with tactical satellite positions, designed to capture alpha from the sector rotations that characterize Indian markets while benefiting from profit concentration among market leaders.
Spark India@75 Flexicap
A 20–30 stock portfolio with full flexibility across market caps—built for investors seeking broad-based, all-weather growth. Dynamic allocation optimizes exposure based on market risk-reward.
Spark India@75 Core & Satellite
A calibrated investment approach for sophisticated investors to leverage the advantages of having a focused portfolio. Core holdings provide stability, while satellite positions capture value from sector and theme rotations.
Private Credit Fund
Structured lending. Covenant discipline. Risk-adjusted yield
Structured credit solutions to mid-market businesses across India - partnering with companies seeking growth capital with flexible financing structures. Our investment approach emphasizes disciplined underwriting, portfolio diversification, and capital preservation — designed to deliver resilient risk-adjusted returns across market cycles.
SpECS Fund I — ₹255.5 Cr | Fully exited
Navigated COVID-19 with complete capital preservation and zero defaults. Proved our crisis management capabilities with daily monitoring, working capital support, and successful exits delivering 16-19% IRRs.
SpECS Fund II — ₹594.5 Cr | 18 investments exited | Fully deployed
Built on the experience of SpECS I, we have diversified the portfolio to include new sectors and structures including Healthcare, Fleet Management, Green infrastructure, equity upsides etc.
SpECS Fund III — ₹750 Cr target (+ ₹250 Cr greenshoe) | Actively deploying
Expanding our credit franchise into high-growth sectors: Green Transition, Digital Infrastructure, Healthcare & Life Sciences, and Consumption & Brands. 11 investments done across sectors like Consumer, Healthcare, Renewable Energy, IT & ITes and Agritech sectors.
Late-Stage Growth Equity Fund
Growth capital. Governance focus. Multi-year compounding.
Growth-stage and pre-IPO investments in fundamentally strong businesses with proven management, priced with GARP (Growth At Reasonable Price) discipline as they move toward public markets. Beyond capital, we bring strategic support, stronger governance, and IPO readiness.
Spark Midas Investment Fund I
Late-stage and near-IPO strategy targeting revenue-stage businesses that are already profitable, operating within mature governance frameworks, and positioned for multi-year high growth. We back companies at sensible valuations that can compound steadily over 12-20 quarters.
Spark Midas Investment Fund II
Spark Midas Investment Fund – II invests in high-quality late-stage growth companies before they enter public markets. Guided by a GARP philosophy, the strategy provides multiple sources if return, rather than relying solely on market beta or IPO windows.
