Latest news with #AmaraPartners
Entrepreneur
21-07-2025
- Business
- Entrepreneur
Amara Partners' INR 600 Cr Fund Oversubscribed, Triggers INR 200 Cr Green Shoe Option
The firm expects to make 10 to 12 investments, with typical ticket sizes ranging between USD 10 million and USD 15 million, and additional co-investment capacity of up to USD 20 million. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Amara Partners, a mid-market private equity firm anchored by business leader Anand Mahindra, has announced an oversubscription on its INR 600 crore base fund. The strong investor response has prompted the firm to activate its green shoe option of up to INR 200 crore. In a move to deepen engagement with industry veterans, Amara has also introduced the Amara Leadership Circle, an exclusive group of CEOs and senior leaders from major Indian and multinational corporations. Amara Partners plans to invest in mid-sized, promoter-led businesses that are central to India's economic engine. Target sectors include manufacturing, healthcare, financial services, and consumer goods. The firm expects to make 10 to 12 investments, with typical ticket sizes ranging between USD 10 million and USD 15 million, and additional co-investment capacity of up to USD 20 million. Parag Shah, Founder and Managing Partner of Amara Partners, said, "We are extremely pleased with the strong response and oversubscription to our base fund. There is a significant capital gap for mid-sized, promoter-led businesses, many of which have the vision and potential to take India's capabilities to the global stage. Amara brings a corporate mindset to private equity, aiming to institutionalise and scale such companies, attract talent, and pursue M&A." Amara has already made investments in Lumax Auto Technologies and NBFC Fibe, reflecting its focus on scaling promising platforms led by entrepreneurs. The firm's founding team, Parag Shah and Piyush Soonee, previously worked at Mahindra Partners and bring over four decades of investment experience. Together, they have deployed more than USD 500 million and delivered over USD 1.5 billion in returns. Guided by a respected advisory board including Anand Mahindra, Haigreve Khaitan, M.M. Murugappan, and Rafique Malik, Amara aims to drive long-term growth through strategic leadership and operational rigor.
Time of India
16-07-2025
- Business
- Time of India
Amara Partners nears ₹800 cr debut fundraise
Amara Partners , the private equity fund launched by former Mahindra & Mahindra PE unit head Parag Shah , is set to raise its debut fund at ₹800 crore soon. The fund, which has roped in industrialist Anand Mahindra as an anchor investor, has seen participation from about 20 industrialists and their families across India. 'There is a shortage of capital for small and mid-sized companies , many of which have the vision and the ability to take India's capabilities forward. Our Growth Fund aims to be a catalytic force in this transformation,' Parag Shah told ET. The fund, which has already raised ₹650 crore from domestic pools, plans to raise about ₹150 crore from multinational executives and industry veterans, Shah said. As part of the green shoe option, Amara is launching an exclusive platform called the Amara Leadership Circle - a curated investor pool comprising CEOs and senior leaders of large Indian and multinational companies. The fund targets mid-sized companies in the manufacturing/industrials, financial services, consumer sector and healthcare. The fund has already made two investments - in auto components maker Lumax Auto Technologies and NBFC Fibe. Amara will focus on sub-segments such as precision manufacturing, auto components, electronics & semi, speciality materials and chemicals, building materials, speciality packaging. 'We have received commitments from limited partners which include 20 odd corporate and institutional families, which believe in the India manufacturing story ,' Shah said. The fund will target 10-12 investments over its lifecycle with ticket sizes ranging from $10-15 million and will have the ability to invest upto $20mn with co-investments from its LPs. On its advisory board, the fund has leaders such as Anand Mahindra, Haigreve Khaitan, M.M. Murugappan and Rafique Malik with Anand Mahindra being the anchor investor. Parag was the Managing Partner of Mahindra Partners, the $1 billion Private Equity & Venture Capital division of the Mahindra Group, which was responsible for incubation, turnaround and investments in several sectors. Amara Partners founding team consists of Piyush Soonee, a former director at Omidyar Network India & former investment professional at Mahindra Partners. India remains a priority market for PE and VC fund-raising, with domestic and global investors accelerating capital commitments. However, intensifying competition - marked by a 60-65% increase in funds active in India since 2016, and heightened LP expectations for performance, will require funds to demonstrate strong track records to secure commitments, said a recent report by Bain & Company. Fund-raising is becoming increasingly competitive, with LPs prioritizing past performance as one of the key drivers for investment, it said. Domestic funds continue to raise record capital for India, amidst a challenging environment for PE fundraising globally. Kedaara Capital raised its biggest fund (Fund IV) at $1.7 billion while ChrysCapital secured $2.1 billion for its latest fund in 2025, marking the biggest capital raise by an Indian fund. ChrysCapital also raised its Continuation Fund at $700 million.
