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AIF Category II

ChrysCapital

AIF Category II As on March 2026

"Twenty-five years of compounding institutional capital in India's most durable growth businesses."

payments AUM ₹1,05,000 Cr
calendar_today Founded 1999
folder_special Strategies 9
groups Total Clients 200+ institutional LPs
update As On March 2026

About ChrysCapital

ChrysCapital is India's most established domestic private equity firm, having invested over $5 billion across 9 funds since 1999. The firm focuses on growth equity — acquiring significant minority or majority stakes in established, profitable Indian businesses — and has produced an aggregate portfolio of over 130 investments across financial services, healthcare, consumer, technology, and manufacturing.

Fund IX, the firm's current vehicle, targets growth equity investments of ₹400–2,000 Crore in companies with proven business models, strong management teams, and identifiable value creation pathways. ChrysCapital's 25-year track record, deep relationships with Indian promoter families, and DPI-focused exit discipline have cemented its position as India's institutional LPs' preferred domestic PE manager.

Key Attributes

  • verified_user
    SEBI Registration IN/AIF2/09-10/0015
  • location_city
    Headquarters 5th Floor, Mafatlal House, H.T. Parekh Marg, Backbay Reclamation, Churchgate, Mumbai – 400020, Maharashtra
  • groups
    Investment Team 55 Investment Professionals
  • public
    Investor Base Global Institutional LPs
  • gavel
    Products AIF Category II – Private Equity
  • workspace_premium
    Memberships IVCA Member since 2005
Philosophy

Investment Approach

Operational Value Creation in Indian Growth Businesses

ChrysCapital's investment process begins with a thorough evaluation of business quality, management credibility, and market positioning. The firm then applies a structured value-creation playbook — governance professionalisation, management incentive alignment, and strategic repositioning — before pursuing exit options.

Business Quality First

Only established, profitable companies with ROE >12%, sustainable competitive advantages, and addressable growth opportunities enter the investment committee pipeline.

Management Partnership

ChrysCapital invests alongside promoter management — taking significant minority or control positions — and professionalises governance through board-level representation and independent director nominations.

DPI Discipline

Explicit focus on realised returns (Distributions to Paid-In Capital) over paper NAV. Exit orientation from day one with defined pathways to IPO, strategic sale, or secondary.

Connect with ChrysCapital

Institutional Enquiries

Invest with ChrysCapital

Connect with our team to explore investment opportunities, mandate customisation, and onboarding with ChrysCapital.