Kyro Capital, a financial services group, announced on Monday the establishment of a private equity fund valued at Rs 100 crore, focusing on growth-stage Indian companies with significant initial public offering (IPO) potential.
The newly launched ‘Kyro India Opportunities Fund – I’ is a SEBI-registered Category II Alternative Investment Fund (AIF) that will be managed by Kyro Asset Management Private Limited, the group’s investment division.
According to the company, the fund aims for high-conviction investments in profitable, growth-stage Indian firms poised for an IPO within 24 to 36 months. The target internal rate of return (IRR) is set at 35 percent, with an objective of providing a premium liquidity event to investors through a disciplined pre-IPO strategy.
Investment sectors for the fund will include energy and power (focusing on renewables and energy storage), advanced manufacturing (targeting aerospace and defense supply chains), and consumer goods and fast-moving consumer goods (FMCG).
Aman Maheshwari, Founder and Managing Director of Kyro Capital and Kyro Asset Management, emphasized the fund’s intention to apply institutional rigor to India’s growth companies. “I believe that the most compelling opportunity in the world today is right here in India, specifically in enterprises that are growing quietly and profitably in sectors shaping the future of this nation,” Maheshwari stated. The fund has a tenure of five years, which may be extended by an additional two years.
