Company lists
The India edition · 2026

Limited partnerscompanies in India

Venture capital, private equity, family offices, institutional investors, asset management and more: the companies building limited partners in India, with their founders, funding, team size and business models.

51 company profiles13 with reported revenue2 with recorded fundingOctober 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent limited partners business events in India

Funding, M&A, contract wins and launches involving 58 limited partners companies in India, last 24 months: 12 M&A deals · 6 launches · 3 Contracts. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Apr 2026.

M&AAcquisition · Completed

Karma capital acquires Peak xv partners

Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV.

Venture Capital
M&AAcquisition · Completed

Florintree acquires Peak xv partners

Peak XV Partners has sold around 61 lakh shares, about 7.7 per cent of the company share capital, at an average sale price of Rs 214 share apiece. The total deal size is close to Rs 130…

Venture Capital
M&AAcquisition · Completed

Dymon Asia acquires Peak xv partners

Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV.

Venture Capital
M&AAcquisition · Completed

Viridian Asset Management acquires Peak xv partners

Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV.

Venture Capital
M&AAcquisition · Completed

Peak xv partners acquires Mobikwik

Peak XV Partners has sold a $13.8 million stake in Indian fintech company MobiKwik, marking another step in the venture firm's gradual liquidity strategy across its portfolio.

Fintech
LaunchTata AIA Large Mid Cap Innovation Fund

Tata AIA Life Insurance

The newly launched funds include the Tata AIA Large Mid Cap Innovation Fund, Tata AIA Large Mid Cap Innovation Pension Fund, and Tata AIA Global AI & Technology Leaders Fund.

Fund
M&AAcquisition · Completed

Invesco mutual fund acquires Global health

The disclosure, dated February 23, 2026, indicates that Invesco's aggregate holding reached 5.0273% of Global Health Limited's paid-up share capital as of the close of business hours on…

Healthcare
M&AAcquisition · Rumored

Niif acquires Sprng energy

NEW DELHI: India’s National Investment and Infrastructure Fund (NIIF), KKR and Sembcorp are locked in a tight race to acquire renewable energy supplier Sprng Energy from oil major Shell Plc.

Renewable Energy
M&AAcquisition · Completed

Catamaran acquires DLSS PBM business

In late 2013, the company sold its PBM business to Catamaran for $410 million.

PBM
M&AMerger · Rumored

Optum (UnitedHealth’s unit) acquires Catamaran

Express Scripts, CVS Health, UnitedHealth’s Optum unit and Catamaran; the latter two are in the process of merging.

LaunchShubh Family Protect

Tata AIA Life Insurance

Tata AIA Life Insurance launched Shubh Family Protect on Thursday, a term insurance plan that combines an immediate lump-sum payout with monthly income for beneficiaries lasting 10 to 30…

Term insurance plan
M&AAcquisition · Completed

Prosus acquires Peak xv partners

Peak XV Partners sold its 3.16% stake for Rs 399 crore.

Investment firm
LaunchSurge 11

Peak xv partners

Peak XV Partners has announced the 11th edition of Surge, its scale-up program designed for early-stage founders.

Scale‑up program for early‑stage founders
ContractSupply

Nippon · client: Nyk line

NYK Line has announced that it has concluded a contract for the construction and charter of a very large crude oil carrier (VLCC). The vessel will be constructed by Nippon Shipyard Co.,…

Shipping
M&AAcquisition · Announced

The Burman Family acquires Religare

The Burman family, which also promotes Dabur India and companies such as Eveready Industries, announced a Rs 2,116-crore open offer in September 2023 to acquire up to 26% of REL.

ContractGovernment

Avaana Capital · client: Department for Promotion of Industry and Internal Trade

Climate-focused venture capital fund Avaana Capital on Friday signed a memorandum of understanding (MoU) with the Department for Promotion of Industry and Internal Trade(DPIIT) under the…

Manufacturing, deep-tech, climate-focused
M&AAcquisition

IndusInd Holdings acquires Invesco asset management

IndusInd Holdings’ acquisition of a 60 per cent stake in Invesco Asset Management Company (AMC) being the latest deal in the MF space.

Asset Management
ContractInfrastructure

Nbcc (india) limited · client: Sidbi

This development follows a series of successful work orders secured by NBCC (India) Limited in October 2024. On October 3, the company bagged work orders worth ₹47.04 crore, which…

Limited partners companies in India, by funding and team

Few limited partners companies in India publish revenue, so this list compares what is on record instead: recorded equity funding, team size, revenue model, age and stage. The 50 companies below lead on recorded funding and team size among 51 active companies.

Showing 25 of 50

Provider of financial solutions promoting growth and sustainability for MSMEs

Consumer and sme loans
US$24.50mSeries C · Mar 2024
1,600+0% 12 mo to Aug 2024LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
36 yr1990
0none in 3 months

Hedge funds focused on multiple strategies

Hedge funds
US$2.29mSeed · Mar 2023
35-38% 12 mo to Sep 2024LinkedIn · Jul 2026
Fee-for-service
20 yr2006
0none in 3 months

Pension fund for the employees in India

Limited partners
—None recorded
25,000recorded
Commission on transaction / Fee-for-service
74 yr1952
0none in 3 months

Provider of life insurance plans including term, wealth, retirement, and health

Insurance carriers
—None recorded
20,621+24% 12 mo to Oct 2023LinkedIn · Oct 2026
Commission on transaction / E-commerce - product
25 yr2001
2postings · last posted Sep 2026

IDFC SPICE Fund is a domestic venture capital fund registered with SEBI under the SEBI Regulations Act.

Limited partners
—None recorded
573LinkedIn · Oct 2026
Fee-for-service
29 yr1997
0none in 3 months

Private equity firm and fund of funds focused on multiple sectors

Private equity funds
—None recorded
2,338+12% 12 mo to Sep 2024LinkedIn · Oct 2026
Commission on transaction / Fee-for-service
6 yr2020
1postings · last posted Aug 2026

Umed- Maharashtra State Rural Livelihoods Mission (MSRLM) was launched in July 2011 as an independent society registered under the Societies Registration Act, 1860 to implement NRLM in the state.

Limited partners
—None recorded
155+15% vs previous recordLinkedIn · Jul 2026
Fee-for-service
15 yr2011
—No postings tracked

Provider of venture capital funding and startup support programs

Venture capital funds
—None recorded
100+355% vs previous recordrecorded
Commission on transaction / Fee-for-service
20 yr2006
0none in 3 months · last posted Jun 2026

Government backed organization focused on the industrial development of Kerala

Limited partners
—None recorded
89-4% vs previous recordLinkedIn · Jul 2026
Fee-for-service
65 yr1961
—No postings tracked

Private equity, infrastructure, and funds on funds focused on multiple sectors

Infrastructure funds
—None recorded
122+3% 12 mo to Sep 2024LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
11 yr2015
0none in 3 months

Provider of investment management services

Venture capital funds
—None recorded
122+40% vs previous recordLinkedIn · Jul 2026
Commission on transaction / Fee-for-service
123 yr1903
3postings · last posted Sep 2026

One of India's top NGOs for government projects and CSR projects, AROH Foundation is a national level organization focused on empowering underprivileged communities through sustainable development.

Limited partners
—None recorded
25recorded
Donations / Fee-for-service
26 yr2000
—No postings tracked

A Private Family-Run Trust Fund.

Limited partners
—None recorded
5recorded
Fee-for-service
5 yr2021
—No postings tracked

Pension funds focused on multiple sectors

Limited partners
—None recorded
169LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
19 yr2007
0none in 3 months

Firm operating as fund of funds

Limited partners
—None recorded
49LinkedIn · Jul 2026
Commission on transaction / Fee-for-service
26 yr2000
0none in 3 months

Single Family office of the Chand family

Venture capital funds
—None recorded
4LinkedIn · Jul 2026
Advertising / Commission on transaction
31 yr1995
0none in 3 months

Early-stage venture firm

Venture capital funds
—None recorded
10LinkedIn · Jul 2026
Advertising / Commission on transaction
4 yr2022
0none in 3 months

Provider of portfolio management and corporate finance advisory services

Limited partners
—None recorded
135LinkedIn · Jul 2026
Fee-for-service
25 yr2001
0none in 3 months

Government agency focused on industrial and infrastructure investments

Limited partners
—None recorded
—Not available
Fee-for-service
54 yr1972
—No postings tracked

Non-government organization

Limited partners
—None recorded
—Not available
Fee-for-service
4 yr2022
0none in 3 months

Provider of financial services, business skills training, and community development programs.

Limited partners
—None recorded
91LinkedIn · Jul 2026
Commission on transaction / Lending
30 yr1996
0none in 3 months · last posted May 2026

Infrastructure company focused on acquiring and operating road assets

Infrastructure funds
—None recorded
—Not available
Commission on transaction / Fee-for-service
6 yr2020
0none in 3 months

Government agency focused on infrastructure investments

Limited partners
—None recorded
18LinkedIn · Oct 2026
Advertising / Commission on transaction
5 yr2021
—No postings tracked

Single family office of Dr. Mayur Desai

Single family offices
—None recorded
6LinkedIn · Jul 2026
Fee-for-service
4 yr2022
—No postings tracked

Endowment fund focused on IIM Lucknow based students

Limited partners
—None recorded
10LinkedIn · Jul 2026
Fee-for-service
21 yr2005
0none in 3 months
50 of 51 companies shown here · the full list is on Radar
Fliar Radar

Explore all 51 limited partners companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open limited partners in India on Radar
  • Every company, not just 50All 51 limited partners companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore limited partners companies in India by what you are looking for

Browse limited partners in private equity and venture capital, from single family offices to funds of funds. Find the top limited partners companies in India and the limited partners in venture capital that back new funds.

8 ways to explore limited partners in India

Venture capital funds & limited partnersPrivate equity limited partners & funds of fundsSingle family officesPension funds, endowments & government investorsAsset managers & investment advisersInfrastructure & real estate funds

Venture capital funds & limited partners

Venture funds and investors that put capital into startups and other funds.

  1. Catamaran

    Single family office

    Limited partners
    See in list
  2. Avaana Capital Advisors

    Provider of capital investments for technology and innovation-driven companies

    Venture capital funds
    See in list
  3. Prath Ventures

    Early-stage venture firm

    Venture capital funds
    See in list
  4. Hyderabad Angels

    Network of investors providing capital to early and growth-stage companies

    Angel networks
    See in list
  5. IDFC Mutual Fund

    IDFC SPICE Fund is a domestic venture capital fund registered with SEBI under the SEBI Regulations Act.

    Limited partners
    See in list

Private equity limited partners & funds of funds

Private equity firms and funds of funds that invest as limited partners.

  1. Nippon

    Private equity firm and fund of funds focused on multiple sectors

    Private equity funds
    See in list
  2. Technology Development Fund

    Government agency focused on technology development

    Secondary market funds
    See in list
  3. Dandu Group

    Single family office of Dandu group

    Limited partners
    See in list
  4. SIDBI Fund of Funds

    Provider of funding to venture capital funds for emerging startups

    Limited partners
    See in list
  5. Prath Ventures

    Early-stage venture firm

    Venture capital funds
    See in list

Single family offices

Family-run investment offices that back funds and companies.

  1. Catamaran

    Single family office

    Limited partners
    See in list
  2. Burman Family Holdings

    Investment and holding company controlled by Burman Family

    Single family offices
    See in list
  3. Vikramaditya Mohan Thapar Family Trust

    Family Trust providing family office services

    Limited partners
    Website
  4. Artha Group

    Provider of investment management services

    Venture capital funds
    See in list

Pension funds, endowments & government investors

Institutional investors such as pension funds, endowments, foundations and government agencies.

  1. IUSSTF

    Endowment fund focused on science & technology development

    Limited partners
    See in list
  2. KSIDC

    Government backed organization focused on the industrial development of Kerala

    Limited partners
    See in list
  3. PICUP

    Government agency focused on industrial and infrastructure investments

    Limited partners
    See in list
  4. Tata AIA Life Insurance

    Provider of life insurance plans including term, wealth, retirement, and health

    Insurance carriers
    See in list
  5. Artha Group

    Provider of investment management services

    Venture capital funds
    See in list

Asset managers & investment advisers

Asset management and portfolio advisory firms that manage money for investors.

  1. Nippon

    Private equity firm and fund of funds focused on multiple sectors

    Private equity funds
    See in list
  2. Unifi

    Provider of portfolio management and corporate finance advisory services

    Limited partners
    See in list
  3. Credence Capital

    Endowment fund focused on IIM Lucknow based students

    Limited partners
    See in list
  4. SIDBI

    Provider of financial solutions promoting growth and sustainability for MSMEs

    Consumer and sme loans
    See in list
  5. Artha Group

    Provider of investment management services

    Venture capital funds
    See in list

Infrastructure & real estate funds

Funds that invest in infrastructure projects and real estate.

  1. NIIF

    Private equity, infrastructure, and funds on funds focused on multiple sectors

    Infrastructure funds
    See in list
  2. Roadstar Infra

    Infrastructure company focused on acquiring and operating road assets

    Infrastructure funds
    See in list
  3. Chona Family Office

    Single family office of Ankit Chona, Founder of HOCCO Ice-creams

    Limited partners
    See in list

Limited partners startups in India

Newer investment firms and funds in India.

  1. Prath Ventures

    Early-stage venture firm

    Venture capital funds
    See in list
  2. Parmar Foundation

    A Private Family-Run Trust Fund.

    Limited partners
    See in list
  3. MPIIF

    Non-government organization

    Limited partners
    See in list
  4. PGInvIT

    Government agency focused on infrastructure investments

    Limited partners
    See in list
  5. Dandu Group

    Single family office of Dandu group

    Limited partners
    See in list
6 companies in India

Limited partners companies hiring in India

Investment firms and funds that are currently hiring.

  1. Nippon

    Private equity firm and fund of funds focused on multiple sectors

    Private equity funds
    See in list
  2. Catamaran

    Single family office

    Limited partners
    See in list
  3. Tata AIA Life Insurance

    Provider of life insurance plans including term, wealth, retirement, and health

    Insurance carriers
    See in list
  4. Mann Deshi Foundation

    Provider of financial services, business skills training, and community development programs.

    Limited partners
    See in list
  5. Peak XV Partners

    Provider of venture capital funding and startup support programs

    Venture capital funds
    See in list
6 companies in India
Mobile reach

Top 6 limited partners apps from India

The most-installed Android apps published by limited partners companies headquartered in India — 4.5M installs between them. 6 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 6
1

Nippon India Mutual Fund

by Nippon

Installs3.0M
Rating4.0253K ratings
Installs, year on year+18%
Last updatedMay 2026
View on Google Play ↗
Nippon India Mutual Fund screenshot 1Nippon India Mutual Fund screenshot 2Nippon India Mutual Fund screenshot 3Nippon India Mutual Fund screenshot 4Nippon India Mutual Fund screenshot 5Nippon India Mutual Fund screenshot 6
3

Sidbi 4 U

by SIDBI

Installs9K
Rating—
Last updatedJun 2026
View on Google Play ↗
Sidbi 4 U screenshot 1Sidbi 4 U screenshot 2Sidbi 4 U screenshot 3
The business behind the activity

Limited partners financials in India

Revenue, profit and growth from the filed annual accounts of 12 limited partners companies in India for FY24-25 — 17 of the 51 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹4,055.82 cr

12 companies filing accounts

combined net profit₹1,694.09 cr

41.8% aggregate margin

are profitable67%

8 of 12 companies

median revenue~₹14.7 cr

the typical company

median revenue growth+10%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹1,601.93 crFY19-2012 filers
₹1,876.57 crFY20-2113 filers
₹2,336.21 crFY21-2214 filers
₹2,016.73 crFY22-2314 filers
₹3,162.03 crFY23-2414 filers
₹4,055.82 crFY24-2512 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 12 companies over three years

+101%
FY22-23₹2,013.32 cr₹760.68 cr net
FY23-24₹3,146.94 cr₹1,557.80 cr net
FY24-25₹4,055.82 cr₹1,694.09 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr250% profitable
₹1–10 cr250% profitable
₹10–100 cr450% profitable
₹100–1,000 cr3100% profitable
Over ₹1,000 cr1100% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking5
0–20%2
20–50%2
50–100%1
Doubled+2

12 companies with accounts for both years; median growth +10%.

Profitability

Profit is concentrated at the top

8profitable
4loss-making
41.8%aggregate margin
5.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
CatamaranCATAMARAN VENTURES LLP
Yukti SecuritiesYUKTI SECURITIES PRIVATE LIMITED+31%₹11.42 cr
NipponNIPPON LIFE INDIA ASSET MANAGEMENT LIMITED+25%₹2,348.28 cr
Bay CapitalBAY CAPITAL INVESTMENT ADVISORS PRIVATE LIMITED+13%₹16.76 cr
UnifiUNIFI CAPITAL PRIVATE LIMITED-2%₹507.67 cr
NIIFNATIONAL INVESTMENT AND INFRASTRUCTURE FUND LIMITED-3%₹209.28 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
NipponNIPPON LIFE INDIA ASSET MANAGEMENT LIMITED53.3%₹2,348.28 cr
UnifiUNIFI CAPITAL PRIVATE LIMITED38.8%₹507.67 cr
Yukti SecuritiesYUKTI SECURITIES PRIVATE LIMITED29.2%₹11.42 cr
CatamaranCATAMARAN VENTURES LLP
SIDBISIDBI VENTURE CAPITAL LIMITED12.5%₹12.66 cr
NIIFNATIONAL INVESTMENT AND INFRASTRUCTURE FUND LIMITED1.5%₹209.28 cr
Leaders

Largest limited partners companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
NipponNIPPON LIFE INDIA ASSET MANAGEMENT LIMITED₹2,348.28 cr₹1,252.23 cr53.3%+25%
CatamaranCATAMARAN VENTURES LLP
UnifiUNIFI CAPITAL PRIVATE LIMITED₹507.67 cr₹196.81 cr38.8%-2%
NIIFNATIONAL INVESTMENT AND INFRASTRUCTURE FUND LIMITED₹209.28 cr₹3.14 cr1.5%-3%
iLabsILABS HYDERABAD TECHNOLOGY CENTRE PRIVATE LIMITED₹61.56 cr−₹2.38 cr-3.9%-10%
Bay CapitalBAY CAPITAL INVESTMENT ADVISORS PRIVATE LIMITED₹16.76 cr−₹88.12 lakh-5.3%+13%
SIDBISIDBI VENTURE CAPITAL LIMITED₹12.66 cr₹1.59 cr12.5%-5%
Yukti SecuritiesYUKTI SECURITIES PRIVATE LIMITED₹11.42 cr₹3.34 cr29.2%+31%
Roadstar InfraROADSTAR INFRA PRIVATE LIMITED₹5.97 cr−₹16.10 lakh-2.7%+8%
Hyderabad AngelsHYDERABAD ANGELS FORUM FOR ENTREPRENEURSHIP DEVELOPMENT
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full limited partners landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the limited partners landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Limited partners funding and M&A across India

6 recorded equity rounds have gone to 58 limited partners companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months0

US$0k

equity rounds, last 24 months0

US$0k

raised over five yearsUS$25.28m

2 rounds in India

M&A deals, India12

last 24 months

Capital by year

Equity funding into limited partners in India

amount rounds
$778k20231
$24m20241

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$24.50m across 1 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

SeedUS$778k1 rounds · median US$778k
Series CUS$24.50m1 rounds · median US$24.50m
Where the money went · five years

Most-funded sub-sectors

Consumer and sme loansUS$24.50m1 rounds · 1 companies
Hedge fundsUS$778k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

11Acquisition
1Merger

Most active acquirers

  1. Karma capital1
  2. Florintree1
  3. Dymon Asia1
  4. Viridian Asset Management1
  5. Peak xv partners1

Most acquired or merged

  1. Peak xv partners5
  2. Mobikwik1
  3. Global health1
  4. Sprng energy1
  5. DLSS PBM business1

Each deal appears in the events strip at the top of the page.

Founders and momentum in India

Meet the people behind limited partners companies in India. 25 of 51 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India limited partners companies by sub-sector

The most common specialisations among limited partners companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring limited partners in India and nearby markets.

Coming soon