IDFC Alternatives

IDFC Alternatives, established in 2002, is an investment management firm that specializes in alternative assets. Initially part of IDFC, the company focused on private equity, infrastructure, real estate, and debt investments. In 2018, it sold its infrastructure asset management business to Global Infrastructure Partners India. In 2019, Investcorp acquired its private equity and real estate fund business.

Raja Parthasarathy

Managing Director

Prakash Karnik

Executive Vice President

Past deals in Maldives

Ashoka Buildcon

Private Equity Round in 2006

Ashoka Buildcon Ltd. is a prominent highway developer in India, recognized for its extensive portfolio of 36 public-private partnership (PPP) projects, the largest for any private entity in the country. The company operates primarily in three segments: construction and contract-related activities, build-operate-transfer (BOT) projects, and the sale of construction materials. In addition to highway and bridge construction, it is involved in power transmission and distribution on an engineering, procurement, and construction (EPC) basis. Ashoka Buildcon has executed projects across more than 20 states in India, collaborating with both Central and State Governments, and is currently constructing a road network in the Republic of Maldives. It is also one of the first Indian infrastructure firms to receive certification for Integrated Management Systems, reflecting its commitment to quality and safety. The company boasts a skilled workforce and robust financial standing, enabling it to undertake large-scale projects effectively.

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