IDFC Alternatives

IDFC Private Equity is a private equity and venture capital arm of IDFC Limited. The firm makes private equity, infrastructure and real estate investments in the Fintech sector. It also makes early stage and growth investments. The firm prefers to invest in power generation, transmission, and distribution; telecom including mobile and cable; consumer, industrials, financial services, power T&D, roads space, cleantech, power, clean technology, energy, oil and gas exploration and production, refining, transmission, and distribution; transportation including ports, airports, roads, shipping, airlines, railways, and logistics; urban infrastructure including SEZs, waste management, water supply, real estate, and hotels; rural agriculture infrastructure including food processing and distribution; and social infrastructure including healthcare, education, and tourism. It typically invests in India. The firm invests between INR 750 million ($17 million) and INR 2,500 million ($55 million) in a portfolio company. It is a minority investor and seeks to take a board seat on its portfolio companies. The firm exits its investments through IPO, sale to strategic investor, sale to financial investor, and promoter buyback. IDFC Private Equity was founded in 2002 and is based in Mumbai, India.
AA

Aditya Aggarwal

Founding Member and Partner

VD

Vikas Dugar

Senior Associate

VP

Vinod P. Giri

Director

NG

Nimesh Grover

Partner – Real Estate Investments

MJ

Manish Jindal

Chief Finance Officer

SJ

Sachin Johri

CEO IDFC Capital

MJ

Milind Joshi

Partner - Infrastructure

PY

Prakash Yashwant Karnik

MD, Investments

ZK

Zachary Kong

Associate

Satish Mandhana

CEO and Managing Partner

GN

Girish Nadkarni

Partner, Private Equity

KP

Kunal Patwa

Senior Associate

PR

Piyali Reddy

Associate Director, Corporate Communications

SR

Somesh Rungta

SVP, Finance

KS

Kunal Sabharwal

Senior Associate

SS

Sakshi Sharma

Senior Associate

Ritesh Vohra

Partner

41 past transactions

National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed on-line multi commodity exchange. The shareholders of NCDEX comprises of large national level institutions, large public sector bank and companies. NCDEX offers a bouquet of benefits, which are currently in short supply in the commodity markets. The shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology and risk management skills. NCDEX is a public limited company incorporated on April 23, 2003 under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on May 9, 2003. It commenced its operations on December 15, 2003. Corporate Identity No. is U51909MH2003PLC140116.

Chalet Hotels

Private Equity Round in 2005
Chalet Hotels Limited develops, owns, and manages hotels in India. Its hotel platform comprises six operating hotels, including a hotel with a co-located serviced residence, located in Mumbai, Hyderabad, Pune, and Bengaluru representing 2,554 keys under the JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance, Four Points by Sheraton, and Novotel brands. The company is also involved in the commercial and retail operations, and real estate development. The company was formerly known as Chalet Hotels Pvt. Ltd and changed its name to Chalet Hotels Limited in June 2018. Chalet Hotels Limited was incorporated in 1986 and is headquartered in Mumbai, India.

GR Infraprojects

Venture Round in 2011
G R Infraprojects Limited, through its subsidiaries, provides engineering, procurement, and construction services for roads and highway projects in India. The company constructs state and national highways, bridges, culverts, flyovers, airport runways, and rail over bridges, as well as a group housing society, including row houses and other residential units. It also engages in the operation and maintenance of roadways; procurement of equipment and materials; and project execution activities. In addition, the company constructs, maintains, operates, and transfers the infrastructure facilities, such as roads on build-operate-transfer basis. Further, it manufactures thermoplastic road-marking paints and road signage, and fabricates and galvanizes metal crash barriers, as well as processes bitumen. The company was formerly known as G.R. Agarwal Builders and Developers Limited and changed its name to G R Infraprojects Limited on August 31, 2007. G R Infraprojects Limited was founded in 1995 and is headquartered in Udaipur, India.

ReGen Powertech Private Limited

Private Equity Round in 2012
ReGen Powertech is committed to providing an alternate source of energy that is clean, green and sustainable. ReGen is the fastest growing Wind Energy Company in India in just 7 years of Commissioning its state of the art manufacturing facility at Tada,Andhra Pradesh.

Vijayawada Tollway Private Ltd

Private Equity Round in 2008
Vijayawada Tollway Private Limited constructs, develops, and operates highways.

Durg Shivnath Expressways

Private Equity Round in 2007
Durg Shivnath Expressways owns, operates, constructs, and maintains roads and highways.

Ascend Telecom Infrastructure Pvt. Ltd

Private Equity Round in 2017
Ascend Telecom Infrastructure Pvt. Ltd. (formerly known as Aster Infrastructure Private Limited) was incorporated in 2002 with the aim of becoming the leading integrated telecom infrastructure provider. Ascend is registered under Infrastructure Provider (IP-I) Category with the Department of Telecommunication, Government of India. Having achieved what it aimed, Ascend today is a leading independent owner and provider of world class passive telecom infrastructure and allied services. It is also the first Indian company to offer the Build-Own-Lease model to mobile and telecom giants with complete passive infrastructure.

MEMG CDC

Private Equity Round in 2006
Manipal Education and Medical Group (MEMG) is one of India’s leading medical research, education, and healthcare services providers. It manages hospitals, education institutions, and medical research facilities. MEMG CDC was founded in 1953 and is based in Bangalore, India, and owns and operates onsite campuses in Manipal, Mangalore, Bangalore, Goa, Sikkim, Nepal, Malaysia, the United Arab Emirates, and Antigua.

ONGC Tripura Power Company

Private Equity Round in 2015
ONGC Tripura Power Company Ltd. operates a combined cycle gas turbine thermal power plant at Palatana in Tripura. It focuses on supplying power to the power deficit areas of North Eastern states in India. The company was incorporated in 2004 and is based in New Delhi, India. ONGC Tripura Power Company Ltd. operates as a subsidiary of Oil and Natural Gas Corp. Ltd.

Parag Milk Foods Limited

Venture Round in 2012
At Parag, each day is filled with providing new inspiration to consumers, to create fresh trends in dairy consumption. Each of their brands Gowardhan, Go, Topp Up and Pride of Cows, play a central role in people's lives – they awake to them and consume them all day long. Each with their own unique taste and place in life. They are passionate about making milk moments a source of delight and inspiration. From new ways to delight children, to healthier ways to spread goodness and cheer in families, from delicious ways to entertain friends, to providing the quickest ways in which a mother can provide taste and nutrition.

Karaikal Port Private Limited

Private Equity Round in 2010
Karaikal Port Private Limited, a special purpose vehicle, develops, operates, and maintains Karaikal Port in India. It provides multi-cargo port handling services. The company handles in bulk quantity, such as coal, fertilizer, sugar, gypsum, and agricultural products; break bulk, which includes bagged cements, bagged sugar, iron scrap, timber, granite, stell plates and pipes, and project cargo; liquid bulk, including edible oil, petroleum, and lubricants; and containers, which include all types of containers. The company was founded in 2006 and is based in Chennai, India. Karaikal Port Private Limited operates as a subsidiary of MARG Limited.

Vijayawada Tollway Private Ltd

Private Equity Round in 2008
Vijayawada Tollway Private Limited constructs, develops, and operates highways.

DB Power

Private Equity Round in 2015
DB Power owns and operates coal power plants.

Viom Networks

Private Equity Round in 2008
Viom Networks operates and manages telecommunication towers for telecom service providers in India.

Zolo

Series B in 2019
Zolo is a one-stop destination for individuals looking for shared accommodation options and provides managed co-living spaces. With an aim to provide a hassle-free long term living experience, it seeks to solve the problem of students and young professionals by elevating the traditional PG/service apartments/hostels and offering different kinds of basic and luxury living amenities. Zolo was founded in 2015 and is headquartered in Bangalore, Karnataka, India.

StarAgri

Private Equity Round in 2012
StarAgri is focused on empowering farmers both small and large - so that they gain more from their harvests. The company helps farming communities protect their produce and reduce post harvest losses to increase food availability without placing additional burden on the environment. As agriculture moves up the global growth agenda, the company is addressing one of the planet most pressing challenges today - food security with depleting resources.

PV Technologies India

Private Equity Round in 2007
PV Technologies India is manufactures thin-film solar cells.

GR Infraprojects

Acquisition in 2017
G R Infraprojects Limited, through its subsidiaries, provides engineering, procurement, and construction services for roads and highway projects in India. The company constructs state and national highways, bridges, culverts, flyovers, airport runways, and rail over bridges, as well as a group housing society, including row houses and other residential units. It also engages in the operation and maintenance of roadways; procurement of equipment and materials; and project execution activities. In addition, the company constructs, maintains, operates, and transfers the infrastructure facilities, such as roads on build-operate-transfer basis. Further, it manufactures thermoplastic road-marking paints and road signage, and fabricates and galvanizes metal crash barriers, as well as processes bitumen. The company was formerly known as G.R. Agarwal Builders and Developers Limited and changed its name to G R Infraprojects Limited on August 31, 2007. G R Infraprojects Limited was founded in 1995 and is headquartered in Udaipur, India.

Medi Buddy

Series B in 2013
MediBuddy is the award-winning technology platform from Medi Assist that transforms the health insurance industry at the very core. MediBuddy, with its diverse offerings for various stakeholders of the health benefits industry, makes the process of discovering, accessing, utilizing and monitoring health benefits seamless, real-time and virtually paperless. Here is how MediBuddy addresses the varying needs of the diverse stakeholders in the health benefits ecosystem: • Members: MediBuddy is a comprehensive one-stop health benefits management platform that gives members access to inpatient, outpatient, wellness, fitness and preventive care services offered by our curated network of healthcare providers. Accessible both as an online portal as well as a mobile app, MediBuddy gives members unparalleled, real-time access to all their health benefits anytime and from anywhere. • Corporate HR: Individual logins for HR members provide them a transparent view of everyday claims management. The dashboard gives real-time information about claims in process, settled, denied, etc., and also allows HR members to raise, track or manage claims on behalf of their employees. • Insurers and decision makers: MediBuddy offers near-real-time MIS report of all critical parameters that allows for comparative study across years and policies with ease. Our business analytics module packs the power of multiple pivot tables into simple drop-downs for deep, decisive insights into your portfolio. Simple, graphical representation of data enables easy comparison, trend mapping and predictive analysis. • Hospitals: Medi Assist network hospitals enjoy real-time access to all cashless claims with MediBuddy. From receiving alerts for planned eCashless hospitalization, to raising preauthorization, enhancement and final billing, and also dashboards to view total claims settled, in-process, etc., hospitals get all the information they need on one common interface.

The Leela Palaces

Post in 2019
The Leela Palaces, Hotels and Resorts are 5 star luxury and business hotels in India. The hotels are located in Bengaluru, Chennai, Goa, Gurgaon, Kovalam, Mumbai, New Delhi, and Udaipur. The Leela Palaces, Hotels and Resorts was founded in 1985 and headquartered in Mumbai, Maharashtra. It is owned and managed by Hotel Leelaventure Limited which was established in 1983 in Mumbai. The company is a part of The Leela Group whose portfolio includes hotel and resort properties; IT and business parks; as well as, real estate development.

Gayatri Jhansi Roadways Limited

Private Equity Round in 2008
Gayatri Jhansi Roadways Limited constructs roads in India. The company was incorporated in 2006 and is based in Hyderabad, India.

Wireless TT Info Services

Venture Round in 2009
Wireless TT Info Services Ltd (WTTIL), a wholly-owned company of Tata Teleservices Ltd, is a leading provider of telecom infrastructure, systems, networks and services on a shared, multi-tenancy basis, with over 10,000 cell towers across India. WTTIL builds, operates and provides telecommunication infrastructure, equipment, systems, networks and services for transmission of voice and data communications. The company owns more than 10,000 cell sites and towers in India.

Deepak Cables

Venture Round in 2008
Deepak Cables provides power transmission and distribution products.

Citykart

Private Equity Round in 2019
Citykart Retail Private Ltd operates apparel retail stores. Its products include clothes, accessories and footwear for men, women and children. The company was incorporated in 2015 and is based in New Delhi, India.

Mytrah Energy

Debt Financing in 2017
Mytrah Energy Limited, together with its subsidiaries, operates as an independent power producer in India. The company owns and operates wind farms and solar power plants. It generates 1,000.8 MW of power through 16 wind energy plants in 8 states. The company was formerly known as Caparo Energy Limited and changed its name to Mytrah Energy Limited in September 2011. Mytrah Energy Limited was incorporated in 2010 and is based in Saint Peter Port, Guernsey.

Moser Baer Solar

Series B in 2008
Established in 1983 in New Delhi, Moser Baer India Ltd (MBIL) is one of India's leading technology companies. MBIL has successfully developed cutting edge technologies to become the world's second largest manufacturer of optical storage media. Moser Baer Solar Limited (MBSL) and Moser Baer Photo Voltaic Ltd (MBPV) are subsidiaries of MBIL involved in Solar business globally including India. Through both these companies Moser Baer serves customers across the solar value chain through world class products and services. In a short span of time since inception in 2005-2007 Moser Baer brand has taken a dominating position in Solar EPC Services and Solar PV modules in India and the world.

Emergent Ventures India

Series A in 2008
Emergent Ventures India Pvt. Ltd. offers sustainability and climate value advisory services; and carbon advisory services, such as carbon offset generation, carbon risk advisory and management solutions, and carbon asset management and transaction services. The company also provides carbon finance and technology solutions, as well as engages in clean energy generation from solar, wind, biomass, and waste-to-energy sources. It serves clients, which include industries, government organizations, multilateral agencies, investment funds, technology players, and academia. Emergent Ventures India Pvt. Ltd. was incorporated in 1999 and is based in Gurugram, India. The company has branch offices in San Francisco, Jakarta, Singapore, Kuala Lumpur, Barcelona, and Bangkok.

Green Infra Ltd.

Private Equity Round in 2011
Green Infra is a privately held company produces and provides renewable energy power in India. It focuses on wind, solar, hydro, biomass, and energy efficiency verticals.

International Recreation Parks

Private Equity Round in 2006
IRPPL is an urban development project, jointly promoted by Unitech and International Amusement. It holds two amusement parks in and around New Delhi and a mall called “The Great India Place”.

Ashoka Buildcon Limited

Private Equity Round in 2006
Ashoka Buildcon Ltd. is one of the leading highway developers in India. The Company is an integrated EPC and BOT player. It has a portfolio of 36 PPP projects, which is the largest in number by any private player in India. Besides construction of highways and bridges the company is also engaged in Power Transmission and Distribution on EPC basis. Ashoka has worked in over 20 states across the country, and completed prestigious projects for Central as well as State Governments. Overseas it is constructing road network for Housing Development Corporation in the Republic of Maldives. The company is one of the first Indian infrastructure companies to be certified for Integrated Management Systems, which encompasses ISO certification for Quality, Occupational Health and Safety and Environment. Ashoka Buildcon is strengthened with a strong talent pool of technical as well as support staff. It’s strong financials give it the ability to bid and execute large scale projects.

KSK Energy Ventures Limited

Private Equity Round in 2008
KSK Power Venture is a power project development company listed on Alternate Investment Market (AIM) of the London Stock Exchange. KSK operates in India through its downstream subsidiary, KSK Energy Ventures Limited (KSKEVL) which is currently listed on the National Stock Exchange and Bombay Stock Exchange in India. KSK's operations in the Indian Power Sector are powered by the growth opportunities it realizes and capitalizes on.

United Liner Shipping Services LLP

Private Equity Round in 2013
United Liner Shipping Services LLP operates as a shipping agency in India.

Green Infra Ltd.

Private Equity Round in 2008
Green Infra is a privately held company produces and provides renewable energy power in India. It focuses on wind, solar, hydro, biomass, and energy efficiency verticals.

Sabarmati Gas

Venture Round in 2009
Sabarmati Gas Limited supplies natural gas in Gujarat. The company offers piped natural gas to domestic, industrial, and commercial/noncommercial customers; and compressed natural gas to automobiles through its outlets. It serves various industrial sectors, such as ceramic, metal, dairy, glass, pharmaceuticals, plastic, food and beverages, chemical, textile, crockery, etc. The company was founded in 2006 and is based in Gandhinagar, India.

Jas Toll Road Co

Private Equity Round in 2008
Jas Toll Road Company maintains and operates the toll road stretch of 32.5km between Neelmangala and Tumkur in the state of Karnataka, on the outskirts of Bangalore. This is an operational toll road on the National Highway that connects Bangalore to Pune.

Delhi Airport

Private Equity Round in 2006
Delhi International Airport Limited operates, maintains, and manages Indira Gandhi International Airport in Delhi, India. It also provides allied services. The company was incorporated in 2006 and is headquartered in New Delhi, India. Delhi International Airport Limited is a subsidiary of GMR Airports Limited.

Sahyadri Hospitals

Secondary Market in 2012
Sahyadri Hospitals currently has 8 Hospitals with 900 beds. Currently we have more than 1000 clinicians along with 2300 supporting staff and 50 lacs lives touched. Sahyadri Hospital leads in Neurosciences, Haematology, Oncology & Oncosurgery, Cardiology & Cardiothoracic Surgery, Orthopaedics & Joint Replacements, Liver Transplant, General Surgery, IVF, Paediatrics, ENT , Ophthalmology, Nephrology, Urology and Tissue engineering services.

ASG Hospital Pvt Ltd.

Venture Round in 2017
ASG Hospital Pvt Ltd. owns and operates network of eye hospitals. The company provides diagnostic, treatment, and surgical services focusing on cataract, Q-lasik, cornea, glaucoma, diabetic retinopathy, retinal detachment, squint (strabismus), and amblyopia (lazy eye) specialities. ASG Hospital Pvt Ltd. was founded in 2005 and is based in Jaipur, India with centers across India; Kampala, Uganda; and Kathmandu, Nepal.