Elephant Capital

Elephant Capital is a private equity firm based in London, established in 2007. The firm specializes in investing in growth companies across various sectors in India, including hospitality, automotive, mobile payments, building materials, education, children's entertainment, and clinical research. By adopting a value-based approach, Elephant Capital seeks to leverage its extensive network to identify and develop strategies that enhance the growth and value of its investments. The Indian economy, recognized as one of the fastest-growing in the world, presents significant opportunities for investors. With the backing of an experienced management team and the support of the Burman family, a prominent business family in India, Elephant Capital aims to provide effective access to these investment opportunities. The firm currently maintains a portfolio of seven companies and has successfully exited one investment.

Gaurav V. Burman

Managing Partner

3 past transactions

Air Works is a diversified aviation services provider with presence in 4 continents across the globe Founded in 1951, Air Works provides engineering, asset management and safety and technology solutions to the commercial and business aviation communities. We are service providers to global aircraft leasing companies and airlines, first-line service providers to leading OEMs, 1 of only 7 IATA certified safety auditors, a global market leader for charter safety ratings, and the largest independent MRO provider in India. Our experience in the Indian market, impeccable credibility in the industry, established infrastructure and a strong management team have enabled us to expand globally, both organically and inorganically. While our service offerings are well diversified, each of our businesses is bound by an underlying strategy. We operate as a well-knit “federation” of complementary businesses that are run independently by the incumbent entrepreneurs and management team while simultaneously governed by a set of common business principles. We believe that this structure best addresses the needs of our customers at a local level while creating value and differentiation for Air Works as a globally run business. This structure brings together the added benefit of a larger pool of management resources, access to potential new customers through well-networked colleagues in other regions as well as access to funding for new projects and development of business in as yet untapped markets.

ClinTec International

Funding Round in 2010
ClinTec International Ltd. is a clinical research organization based in Glasgow, United Kingdom, that offers comprehensive support services to the pharmaceutical, biotechnology, and medical device industries. Founded in 1997, the company provides a range of clinical research services including project management, monitoring, data management, biostatistics, quality assurance, and medical writing. ClinTec also specializes in consulting services related to strategic planning, regulatory compliance, and clinical trial training. Moreover, the organization focuses on patient recruitment and retention, catering to various therapeutic areas such as oncology, neurology, cardiovascular health, psychiatry, infectious diseases, rheumatology, immunology, respiratory conditions, and gastroenterology. With a global presence, ClinTec operates in Europe, India, the Middle East, Latin America, and across Africa.

Amar Chitra Katha

Venture Round in 2010
Amar Chitra Katha Pvt. Ltd. is a prominent Indian publisher based in Mumbai, specializing in comic books and magazines for both children and adults. Founded in 1967, the company is celebrated for its visual storytelling that brings to life quintessentially Indian narratives from epics, mythology, history, and folklore. With a catalog exceeding 400 titles available in over 20 languages, it has sold more than 90 million copies, making it a cultural staple in India. The company offers a diverse range of publications, including adventure stories, philosophical tales, and educational books, in addition to merchandise and subscription services. Amar Chitra Katha maintains a strong national distribution network through major book retailers, small bookstores, and online platforms, with annual sales of over 1.5 million copies, establishing it as the bestselling children's publication in the country. The brand is also expanding into animated and live-action formats, enhancing its reach across various media platforms.
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