Affirma Capital (India)
Affirma Capital is a mid-market emerging-markets private-equity platform with an India-focused AIF and a broad operating toolkit. It invests behind scalable businesses and uses senior talent, bolt-on acquisitions and cross-market connectivity to build regional champions.
At a glance
- Founded
- 2019
- Footprint
- Singapore / Mumbai
- Stage
- Growth
Research profile
Read the manager in sequence.
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Affirma Capital (India) uses a growth approach across Fin services, consumer, industrials.
Current evidence
Affirma’s India investor-information page identifies the Agastya Capital India Growth Fund as a SEBI Category II AIF managed by its India adviser. In October 2025, Affirma announced the first investment from that India-focused vehicle: up to $56 million in RMSI, alongside 360 ONE Asset. Its 2026 India disclosure identifies TBO, RMSI, Northern Arc, Varun Beverages and Fortis Healthcare among the India team’s investment experience; the current India head is Udai Dhawan.
Strategy
Growth
Sector focus
Fin services, consumer, industrials
Current signal
Affirma’s India investor-information page identifies the Agastya Capital India Growth Fund as a SEBI Category II AIF managed by its India adviser. In October 2025, Affirma announced the first investment from that India-focused vehicle: up to $56 million in RMSI, alongside 360 ONE Asset. Its 2026 India disclosure identifies TBO, RMSI, Northern Arc, Varun Beverages and Fortis Healthcare among the India team’s investment experience; the current India head is Udai Dhawan.
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