InvestinginPotential.BuildingEnduringValue.
We partner with ambitious businesses and experienced leadership teams to unlock growth opportunities across India's evolving economy.
Building Partnerships. Creating Lasting Impact.
Sthira Capital is an alternative investment platform focused on identifying high-potential SMEs, partnering with capable management teams and supporting sustainable value creation.
We invest growth capital in profitable, promoter-led businesses across manufacturing, healthcare, consumer and tech-enabled enterprise — helping them professionalise, scale and prepare for the public markets.
Our story
24%
Average revenue CAGR across Fund I portfolio companies after our investment.
Our Philosophy Drives Every Investment.
Conviction-Led Investing
A concentrated portfolio of 12–15 businesses per fund, each backed by a clear, written investment thesis.
Research-Driven Decisions
Proprietary sector mapping across 40+ SME clusters, plant visits and customer calls before any term sheet.
Strategic Partnerships
We sit alongside promoters as minority partners — governance, talent and capital-markets readiness, not control.
Sustainable Value Creation
ESG integration, formalisation and professional reporting that compound into durable enterprise value.
A disciplined, six-stage investment lifecycle.
From proprietary origination to planned exits — every stage is governed, documented and built to protect capital.
Origination
Proprietary deal flow through promoter networks, industry associations, chartered accountants and regional bankers across Tier-2 and Tier-3 India.
- 400+ companies reviewed annually
- Sector-cluster mapping
- Promoter referral network
Strategies built for India's SME champions.
Backing emerging industry leaders.
A selection of the businesses we are proud to partner with.
Vardhan Precision Components
Auto & EV drivetrain components for global OEMs
Aarohi Speciality Chem
Agro-intermediates, China+1 supply chain shift
Sanjeevani Diagnostics
Tier-2 diagnostics network, 140 collection centres
LedgerLoop
Compliance & GST automation for 18,000 SMEs
Desi Pantry Foods
Regional packaged snacks scaling to modern trade
Kaveri Forgings
Closed-die forgings for rail and defence
Experienced investors. Operators at heart.
Arvind Mehta
Founder & Managing Partner
Over 24 years in private equity and investment banking, including leading mid-market investments at a global PE firm. Chartered Accountant and IIM Ahmedabad alumnus.
LinkedInPriya Raghavan
Managing Partner
Former head of SME banking at a leading private bank. Has structured over ₹6,000 Cr of growth capital for emerging Indian enterprises.
LinkedInKaran Shah
Partner, Investments
Leads industrials and chemicals coverage. Previously in the principal investments team of a top Indian brokerage.
LinkedInThinking on SME growth and capital markets.
Investing with clarity.
Key facts about our SEBI-registered Category II AIF, investor eligibility and the INR 1 Crore minimum commitment.
Begin a conversation.
For HNIs, family offices and institutions exploring an allocation to Indian SME growth equity.
- 14th Floor, One Indiabulls Centre, Senapati Bapat Marg, Lower Parel, Mumbai 400013
- investors@sthiracapital.in
- +91 22 4000 0000