HSBC India
52/60, Mahatma Gandhi Road, Fort, Mumbai, Maharashtra, 400001, India
Overview
HSBC is one of the world’s largest banking and financial services organisations. We serve more than 45 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. HSBC's network covers 71 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America. With around 4,400 offices worldwide, HSBC aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions. Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by about 213,000 shareholders in 133 countries and territories. HSBC’s origins in India date back to 1853 when the Mercantile Bank of India was established in Mumbai. The bank has grown steadily and now offers products and services to corporate and commercial banking clients and retail customers. The Mercantile Bank of India, London and China was founded in Bombay (now Mumbai). By 1855, the Mercantile Bank had opened offices in London, Madras (Chennai), Colombo, Kandy, Calcutta (Kolkata), Singapore, Hong Kong, Canton (Guangzhou) and Shanghai. In 1950 it moved into its new head office building at Flora Fountain in Mumbai. The Mercantile Bank was bought in 1959 by The Hongkong and Shanghai Banking Corporation Limited. Founded in 1865 to serve the needs of the merchants of the China coast and finance the growing trade between China, Europe and the US, HSBC has been an international bank from its earliest days. HSBC in India has been active in the development of the Indian banking industry - even giving India its first ATM in 1987.
- Total investments
- 4
- Lead investments
- 0
- Investments · 12mo
- 4
- Active investors
- 4
Sector focus
- Banking
- Financial Services
Investment portfolio
- Wakefit
Participated · Equity · Dec 2025
Founded in 2016, Wakefit has built a full-stack model that spans product design, in-house manufacturing, distribution, and customer engagement. Its portfolio covers mattresses, furniture, and home furnishings sold via its website, company-owned–company-operated (COCO) stores, and major e-commerce and multi-brand outlets. Wakefit operates five manufacturing facilities across Karnataka, Tamil Nadu, and Haryana that use imported machinery and automation to streamline production and reduce waste. For the six months ended 30 September 2025, the company generated ₹724 crore in revenue from operations and ₹35.5 crore in profit. Management plans to deploy fresh capital to open 117 new COCO stores, purchase new equipment, fund lease payments for existing outlets, and bolster marketing. The firm is preparing for a ₹1,289 crore IPO that would value it at roughly ₹6,400 crore. Wakefit’s growth trajectory positions it among the fastest Indian home-and-furnishings brands to surpass ₹1,000 crore in total income within the organised segment.
- Meesho
Participated · Equity · Dec 2025
Meesho operates a large-scale online marketplace that, in FY25, connected over 500,000 transacting sellers with 199 million annual transacting users who placed 1.8 billion orders. The platform generated Net Merchandise Value of ₹29,988 crore in FY25, reflecting 29 % year-on-year growth after a 21 % rise in FY24. While it reported a FY25 net loss of ₹3,942 crore due to one-time items tied to its public-listing restructure, losses narrowed sharply to ₹700.72 crore in the first half of FY26 as revenue rose to ₹5,577.54 crore. Meesho plans to channel fresh capital into cloud infrastructure, marketing and brand initiatives, and inorganic growth via acquisitions, alongside general corporate purposes. The company’s marketplace model focuses on low-cost, long-tail consumer goods, enabling micro-entrepreneurs to sell online. Backers include SoftBank, Elevation, Peak XV, Venture Highway and Y Combinator, several of whom will partially exit through the upcoming IPO. The business is preparing to debut on public markets on 10 December.
- Lenskart
Participated · Equity · Oct 2025
Lenskart operates as a multi-category eyewear retailer, offering prescription eyeglasses, sunglasses and contact lenses under its own brand. The company caters to customers looking for affordable and stylish vision-care products. In preparation for its public listing, Lenskart has set an IPO price band of ₹382–₹402 per share. Ahead of the IPO, it has already secured significant capital through an anchor allocation, reflecting institutional confidence in the business. While detailed revenue or user metrics were not disclosed, the sizable anchor book suggests robust market interest and expectations for continued growth. The upcoming IPO will provide additional capital for expansion and operational initiatives once the public issue is completed.
- GK Energy
Participated · Equity · Sep 2025
Pune-based GK Energy is India’s largest pure-play EPC provider for solar-powered agricultural water pump systems, offering farmers an end-to-end solution spanning survey, design, supply, assembly, installation, testing, commissioning and maintenance. The company enables farmers to adopt solar pumps that reduce dependence on grid electricity or diesel, helping cut energy costs and carbon emissions. Its upcoming initial public offering (IPO) will fund long-term working capital needs, with ₹322.5 crore of the fresh issue earmarked for this purpose and the remainder allocated to general corporate uses. GK Energy is positioning itself to capitalise on India’s push for renewable energy in agriculture and the government’s subsidy programmes for solar pumps. Though specific revenue or user figures were not disclosed, the firm’s scale—highlighted by a ₹465 crore IPO—signals meaningful operations. Future growth plans revolve around expanding its EPC footprint and strengthening its balance sheet through the fresh capital infusion. Book-running lead managers for the IPO are IIFL Capital Services and HDFC Bank.