Kitara Capital

Kitara Capital is a private equity and venture capital firm established in 2008 and based in Muscat, Oman. The firm focuses on providing seed and growth capital, as well as PIPE investments, primarily targeting medium-sized businesses. Kitara Capital maintains a sector-agnostic approach, allowing it to invest across various industries both locally and internationally. The firm typically invests between $10 million and $40 million and offers co-investment opportunities. It engages in investments in both publicly traded and privately held companies.

Alok Agarwal

Managing Director

6 past transactions

Krsnaa Diagnostics

Venture Round in 2017
Krsnaa Diagnostics Pvt. Ltd. is a leading provider of diagnostic services in India, specializing in both radiology and pathology. Established in 2010 and headquartered in Pune, the company operates diagnostic facilities that offer a comprehensive range of services, including magnetic resonance imaging, computerized tomography scans, digital X-rays, ultrasounds, and mammography in radiology, as well as clinical biochemistry, hematology, histopathology, microbiology, and immunology in pathology. Krsnaa Diagnostics is also recognized for its tele-radiology services, which enable patients to receive timely and accurate diagnostic reports from qualified professionals across the country. The company focuses on delivering high-quality, accessible, and affordable diagnostic solutions to private and public hospitals, medical colleges, and community health centers, leveraging advanced technology and a cloud-based workflow for efficient service delivery.

Midland Microfin

Venture Round in 2016
Midland Microfin is a company dedicated to fostering financial and social empowerment, particularly for women, through business loans and micro-financing services. It aims to offer affordable and accessible financial solutions to underserved populations, enabling them to engage in productive activities and grow their small businesses. The company provides a variety of financing, lending, and insurance products, catering specifically to individuals with low income who seek to improve their economic situations. By focusing on technology-driven financial services, Midland Microfin supports its clients in pursuing their entrepreneurial ventures and achieving greater financial independence.

Krsnaa Diagnostics

Series A in 2015
Krsnaa Diagnostics Pvt. Ltd. is a leading provider of diagnostic services in India, specializing in both radiology and pathology. Established in 2010 and headquartered in Pune, the company operates diagnostic facilities that offer a comprehensive range of services, including magnetic resonance imaging, computerized tomography scans, digital X-rays, ultrasounds, and mammography in radiology, as well as clinical biochemistry, hematology, histopathology, microbiology, and immunology in pathology. Krsnaa Diagnostics is also recognized for its tele-radiology services, which enable patients to receive timely and accurate diagnostic reports from qualified professionals across the country. The company focuses on delivering high-quality, accessible, and affordable diagnostic solutions to private and public hospitals, medical colleges, and community health centers, leveraging advanced technology and a cloud-based workflow for efficient service delivery.

Tecpro Systems

Private Equity Round in 2012
Tecpro Systems Limited is an engineering company based in Chennai, India, specializing in the design, manufacture, and installation of material handling systems and power plants. The company produces a range of equipment, including stackers, reclaimers, crushers, screens, feeders, and conveyor systems, as well as fabricated structures. Tecpro Systems also offers electrical and instrumentation services, alongside dust control, ventilation, and fire fighting systems. It undertakes turnkey projects for various sectors, including power, cement, steel, and metallurgical plants, as well as ports and coal storage facilities. Additionally, the company manufactures ash handling equipment and provides engineering, procurement, and construction solutions for power generation using diverse fuel sources such as coal and biomass. Established in 1990, Tecpro Systems is committed to delivering comprehensive engineering solutions in India’s infrastructure and industrial sectors.

APL Apollo

Private Equity Round in 2011
APL Apollo is a structural steel tubing company that manufactures branded steel products such as galvanized tubes, MS black pipes, and hollow sections. The company enables architects and engineers to create a significant impact by adding robustness and aesthetics to their designs. APL Apollo's structural steel tube products are used in varied load-bearing and building material applications.

Oil Field Instrumentation

Venture Round in 2010
Oil Field Instrumentation (India) Limited is a Mumbai-based company that specializes in manufacturing mud logging units and offering a range of mud logging services tailored to the oil and gas industry. Established in 1992, the company provides customized solutions for exploratory, developmental, deepwater, and coal bed methane drilling. Its offerings include rig instrumentation, pressure indicators, gas detection systems, and measurement-while-drilling services. Additionally, Oil Field Instrumentation develops software and instrumentation solutions for both upstream and downstream sectors, including log/map digitizing and plotting services. The company caters to clients in the natural resource exploitation industries, ensuring their needs are met through various communication channels. As a subsidiary of the Neterwala Group, Oil Field Instrumentation plays a vital role in enhancing operational efficiency and safety in the oil exploration sector.
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