Private equity (Cat II) · SEBI registry
CX Alternative Investment Fund
Growth (Series C+) · Financial services (non-tech) · New Delhi
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Financial services (non-tech)
- City
- New Delhi
- HQ / office
- Aerocity, New Delhi (Worldmark 2 / Aloft, Aerocity)
- Fund registered
- 2017
- Investments on record
- 29
- Corpus (as reported)
- ~USD 630 million funds under advisory (per official site, 2026)
- Website
- www.cxpartners.in
- Profile ↗
About
CX Partners (managed by CX Advisors LLP) is a New Delhi-headquartered mid-market private equity firm founded in 2008 by Ajay Relan. It runs two SEBI Category II AIFs (CX Alternative Investment Fund and CX Alternative Investment Fund 3) and invests in financial services, consumer, healthcare, technology and manufacturing companies across India.
Investment focus
Mid-market private equity (growth/buyout); healthcare, financial services, consumer products & services, IT/outsourced services and niche manufacturing
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/17-18/0369
- IN/AIF2/22-23/1171
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: CX Alternative Investment Fund 3
Yes — on official SIDBI FFS supported-AIF list (CX Alternative Investment Fund 3)
Notable portfolio
Thyrocare; KPIT; Natco Pharma; Exotel; South Indian Bank
Team & organisation
~16 professionals incl. ~5 partners (designated partners: Jayanta Kumar Basu, Tarun Khanna, Vivek Chhachhi, Vinayak Shenvi; founder Ajay Relan)
LLP-managed Category II AIF; CX Advisors LLP is investment manager to multiple funds (CX Alternative Investment Fund, SEBI IN/AIF2/17-18/0369; and CX AIF 3, IN/AIF2/22-23/1171) — multi-fund mid-market PE platform
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Frequently asked
- What does CX Alternative Investment Fund invest in?
- Mid-market private equity (growth/buyout); healthcare, financial services, consumer products & services, IT/outsourced services and niche manufacturing
- How do I pitch CX Alternative Investment Fund through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ PE (mid-market private equity, not startup VC)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.cxpartners.in; https://in.linkedin.com/company/cx-advisors