VC fund (Cat II) · SEBI registry
Piramal Alternatives Investment Fund I
Growth (Series C+) · Private credit / Debt · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Private credit / Debt
- City
- Mumbai
- HQ / office
- Lower Parel, Mumbai, Maharashtra
- Fund registered
- 2022
- Corpus (as reported)
- Piramal Alternatives platform ~$1.5bn AUM life-to-date and 19 active portfolio companies (per official site, 2025); fund-level size not separately disclosed
- Profile ↗
About
Category II AIF (SEBI IN/AIF2/22-23/1182) managed by Piramal Alternatives Pvt Ltd, the Piramal Group's alternatives arm. Pursues a growth-capital / structured-equity strategy across the capital stack (private equity, structured and mezzanine equity, structured debt).
Investment focus
Growth capital — structured/mezzanine equity and growth-stage private investments into mid-market Indian corporates; sector-agnostic
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/22-23/1182
SIDBI Fund of Funds
None found
Team & organisation
55+ professionals across Piramal Alternatives platform (LinkedIn lists 51-200 employees)
Trust-form Category II AIF (SEBI Reg. IN/AIF2/22-23/1182); investment-managed by Piramal Alternatives Private Limited (multi-fund platform)
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Frequently asked
- What does Piramal Alternatives Investment Fund I invest in?
- Growth capital — structured/mezzanine equity and growth-stage private investments into mid-market Indian corporates; sector-agnostic
- How do I pitch Piramal Alternatives Investment Fund I 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 / structured-equity (growth, not early-stage startup VC) — part of large corporate group (Piramal)
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.piramalfinance.com/piramal-alternatives; https://in.linkedin.com/company/piramalalternatives