Company lists · Data refreshed September 2026

Top 22 Emerging markets private equity firms based in India

RevenueBase identified 62 emerging markets private equity firms headquartered in India as of September 2026 and tracks 728 professional contacts across them, including 314 with verified work emails. Mumbai is the largest hub.

This list covers emerging markets private equity firms headquartered in India, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 28, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 28, 2026 86% judged on-target in blind review
62Companies
728Contacts tracked
314Verified emails
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The 22 largest emerging markets private equity firms based in India

Ranked by team size
Top 22 of 62 emerging markets private equity firms based in India, ranked by team size, largest first. Data refreshed Sep 28, 2026. RevenueBase Smart Search rates how each company's information relates to emerging markets private equity firms: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#CompanyRevenueBase Smart SearchHeadquartersEmployeesContacts
1Partial evidenceMumbai, IndiaHQ checked Sep 28, 202611-5087 contacts →

Partial evidence

“Multiples was founded in 2009 by Renuka Ramnath, emerging from a vision to create a highly-respected, sustainable and successful institution focused on Alternate Asset investments…”

Source: RevenueBase Database · checked Sep 28, 2026
2Strong evidenceMumbai, IndiaHQ checked Sep 28, 202651-20067 contacts →

Strong evidence

“Founded in ChrysCapital Advisors is part of one of the largest and most established India-focused investment Groups, with $8+ billion raised across 10 private equity funds.”

Source: RevenueBase Database · checked Sep 28, 2026
3Indirect evidenceChennai, IndiaHQ checked Sep 28, 202611-5064 contacts →

Indirect evidence

“TVS Capital Funds has been empowering nextgen entrepreneurs with management capability and capital to build companies of extraordinary value since 2007.”

Source: RevenueBase Database · checked Sep 28, 2026
4Strong evidenceMumbai, IndiaHQ checked Sep 28, 202611-5050 contacts →

Strong evidence

“Gaja Capital is an India focused private equity firm that invests in mid-market companies in emerging sectors such as Education, Financial Services and Consumer.”

Source: RevenueBase Database · checked Sep 28, 2026
5Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-5035 contacts →

Indirect evidence

“Eversource Capital has raised the largest single-country sustainable infrastructure investment fund in the Global South, delivering both superior returns and tangible progress…”

Source: RevenueBase Database · checked Sep 28, 2026
6Strong evidenceMumbai, IndiaHQ checked Sep 28, 202611-5030 contacts →

Strong evidence

“Carpediem Capital is a Private Equity firm focused on the India consumption opportunity through investments in emerging SME leaders.”

Source: RevenueBase Database · checked Sep 28, 2026
7Strong evidenceBangalore, IndiaHQ checked Sep 28, 202611-5029 contacts →

Strong evidence

“Ascent Capital is a leading private equity firm in India.”

Source: RevenueBase Database · checked Sep 28, 2026
8Strong evidenceMumbai, IndiaHQ checked Sep 28, 20261-1028 contacts →

Strong evidence

“India Alternatives Private Equity is a leading domestic private equity fund founded by Ms.”

Source: RevenueBase Database · checked Sep 28, 2026
9Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202651-20027 contacts →

Indirect evidence

“Piramal Alternatives is the fiduciary/fund management business of the Piramal Group; a strong local sponsor group with a leadership position across all the businesses it operates…”

Source: RevenueBase Database · checked Sep 28, 2026
10Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-5023 contacts →

Indirect evidence

“Convergent is an investment partnership at the forefront of bringing together Ideas, Capital and passionate Entrepreneurs.”

Source: RevenueBase Database · checked Sep 28, 2026
11Strong evidenceMumbai, IndiaHQ checked Sep 28, 202611-5018 contacts →

Strong evidence

“Faering Capital is a leading Indian private equity firm with an entrepreneurial vision.”

Source: RevenueBase Database · checked Sep 28, 2026
12Strong evidenceMumbai, IndiaHQ checked Sep 28, 20261-1011 contacts →

Strong evidence

“Amara Partners is a Mumbai-based mid-market private equity fund that invests in growth-stage companies across sectors such as manufacturing, consumer, financial services, and…”

Source: RevenueBase Database · checked Sep 28, 2026
13Indirect evidenceMumbai, IndiaHQ checked Sep 28, 20261-1010 contacts →

Indirect evidence

“Tuscan Ventures Pvt.”

Source: RevenueBase Database · checked Sep 28, 2026
14Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-508 contacts →

Indirect evidence

“Founded in 2008, BanyanTree Finance is the Manager of BanyanTree India Growth Capital Fund and an advisor to the Manager of BanyanTree Growth Capital I & II, Mauritius-based…”

Source: RevenueBase Database · checked Sep 28, 2026
15Strong evidenceMumbai, IndiaHQ checked Sep 28, 20261-107 contacts →

Strong evidence

“We focus on public & private equity investments, venture debt & business collaboration opportunities in India & abroad, through investments in public market funds, private market…”

Source: RevenueBase Database · checked Sep 28, 2026
16Indirect evidenceMumbai, IndiaHQ checked Sep 28, 20261-105 contacts →

Indirect evidence

“P4 Capital is an India based investment platform that provides Partnership capital to Passionate founders who are dedicated to Propelling their businesses to new heights and have…”

Source: RevenueBase Database · checked Sep 28, 2026
17Strong evidenceMumbai, IndiaHQ checked Sep 28, 20261-103 contacts →

Strong evidence

“Helix Investments is an India-focused private equity fund that provides growth capital to small and mid sized companies in India.”

Source: RevenueBase Database · checked Sep 28, 2026
18Strong evidenceMumbai, IndiaHQ checked Sep 28, 202611-502 contacts →

Strong evidence

“Ambit Pragma Advisors LLP is an India-dedicated Private Equity fund that provides Growth Capital to Small & Medium Enterprises (SMEs).”

Source: RevenueBase Database · checked Sep 28, 2026
19Indirect evidenceMumbai, IndiaHQ checked Sep 28, 2026201-5001 contacts →

Indirect evidence

Source: RevenueBase Database · checked Sep 28, 2026
20Strong evidenceMumbai, IndiaHQ checked Sep 28, 202611-501 contacts →

Strong evidence

“Oman India Joint Investment Fund Management Company Private Limited (“OIJIF-MC”), is a professionally managed firm in the business of managing Private Equity Funds focused on…”

Source: RevenueBase Database · checked Sep 28, 2026
21Indirect evidenceMumbai, IndiaHQ checked Sep 28, 202611-501 contacts →

Indirect evidence

“The ActiveAlpha Group has invested in a range of businesses across the Indian sub-continent.”

Source: RevenueBase Database · checked Sep 28, 2026
22Strong evidenceMumbai, IndiaHQ checked Sep 28, 20261-101 contacts →

Strong evidence

“IndiaNivesh Fund Managers is a sector agnostic Private Equity Firm aimed at providing growth capital to Indian Small and medium enterprises.”

Source: RevenueBase Database · checked Sep 28, 2026

Showing 22 of 62 emerging markets private equity firms based in India

See the full list, filter by size, metro and specialty, and get verified emails and direct dials for all 314 reachable decision-makers.

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Emerging markets private equity firms based in India at a glance

As of Sep 28, 2026
43.1%Verified-email coverage
11.7Average contacts per company
11-50Median size (employees)
51.6%Largest-city concentration · Mumbai
Sep 28, 2026Page data refreshed

Companies by employee count

1-10
23
11-50
28
51-200
8
201-500
2
1,001-5,000
1

Email recency for this list is measured worldwide rather than for India, so it is reported there. Company counts and contact totals on this page are exact for India, over 62 companies.

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among emerging markets private equity firms, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies
Companies headquartered in India whose own description of what they do matches “emerging markets private equity firms”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search
RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names emerging markets private equity firms), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude
Companies whose own description does not clearly place them among emerging markets private equity firms, and records with no verified work email. Companies headquartered outside India are excluded even when they keep an office there.
Match quality
In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking
Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification
Every listed company carries at least one verified work email, 314 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh
This page's figures were pulled from the company graph on September 28, 2026. Lists refresh periodically as the graph is re-checked.
Corrections
Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Emerging markets private equity firms by metro

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names emerging markets private equity firms, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many emerging markets private equity firms are there based in India?

RevenueBase identified 62 emerging markets private equity firms headquartered in India as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

Multiples Alternate Asset Management, headquartered in Mumbai, tops this list with the largest team on record.

Which city has the most emerging markets private equity firms?

Mumbai leads with 32 headquartered companies, followed by Bangalore (3) and Delhi (3).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 314 verified decision-maker contacts tracked across these 62 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 28, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.