From sourcing to exit—four mutually reinforcing pillars designed for India's SME context, where information asymmetry and governance variability are high.
Filtering 200+ deals to identify top 10%.
Strict Quantitative "Knockout" criteria (Governance, Leverage ROCE).
360-degree diligence (sustainable competitive advantage, business and industry growth prospects, management capabilities, ESG.
Rigorous with all views on board basis: Why it may fail, why exit will be difficult , what can go wrong etc.
Structured deployment with clear performance-linked tranches, with selective follow-on participation in high-performing portfolio companies.
Every deal satisfies a comprehensive checklist codified from wins and losses—blending analytical consistency with qualitative judgment where it matters most.
Background verification, skin-in-the-game assessment, related-party review, and governance philosophy evaluation.
No customer concentration exceeding 20%, validated pricing power, and backlog visibility analysis.
Working capital breakdown, capex intensity segregation, stress-tested under downside scenarios.
Multi-year cash-flow visibility, pricing power, sticky customers, and regulatory moats. Pay reasonable valuations—never chase thematic premiums.
Active board participation and MIS reviews. Respect promoter expertise while enforcing milestone accountability and transparency.
Pre-identify strategic acquirers and refinancing options at LOI stage. No investment is made without credible exit visibility.
Clean books, regular audits, and arm's-length transactions command premium valuations and drive IRR certainty.
Immediate implementation of governance enhancements and operational improvements.
Detailed tracking of revenue, burn rate, and order book versus projections.
Formal board-level assessment of strategic progress and financial performance.
Early warning system triggering intervention for any material deviation.
Suitable for well-governed, scalable SMEs. High liquidity events with strong market receptivity for quality SME listings.
Acquisition by industry leaders seeking consolidation. Value unlocking through strategic synergies and market consolidation opportunities.
Selling stakes to larger funds at scale stage. Attractive re-rating opportunities as companies mature and demonstrate growth track record.
Cash-flow positive SMEs often repurchase equity. Common exit mechanism for profitable, well-managed businesses with strong cash generation.
Hybrid equity instruments for partial liquidity. Flexible exit mechanisms tailored to specific investment structures and performance milestones.
Opportunistic exits enabled through active portfolio management.