IDBI Capital
6th Floor, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai, Maharashtra, 400005, India
Overview
IDBI Capital is wholly owned subsidary of IDBI Bank (India's Largest Bank). They are Category-I Merchant Banking
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Banking
- Financial Services
- Insurance
Investment portfolio
- CORE Energy Systems
Participated · Equity · Aug 2025
CORE Energy Systems Ltd. is a Mumbai-based EPC and advanced manufacturing firm with over 25 years of experience in India’s nuclear sector, also serving defence, aerospace, oil & gas, and clean energy. The company holds ISO 19443 certification and provides integrated capabilities across manufacturing, engineering, procurement & construction (EPC) and operations & maintenance (OCM) for mission-critical projects. CORE is executing landmark work such as the refurbishment of the Tarapur nuclear facility—an unprecedented life-extension initiative—and focuses on precision nuclear engineering and high‑tech component manufacturing. The firm plans to expand its infrastructure, manufacturing, and RCD capabilities to take on larger nuclear projects and to support India’s Small Modular Reactor (SMR) and Bharat Modular Reactor (BMR) programs. Aligned with the Atmanirbhar Bharat mission, CORE also intends to scale production of advanced defence subsystems and localise cutting-edge technologies through global partnerships. Financially, the company has just raised ₹200 crore in a fresh funding round which will be used to accelerate its manufacturing and engineering capacity.
- Revamp Moto
Participated · Seed · Jun 2022
Revamp Moto builds electric two-wheelers designed for India’s small-scale businesses and delivery agents, with modular, connected utility platforms. Its models include the RM Mitra — a 200 kg payload vehicle with a 140 km range and 65 km/h top speed — and the RM25, a low-speed scooter that does not require license, registration or a helmet. Both vehicles offer swappable functional attachments (folding table, delivery basket, food box, side rack, saddlebags, a battery-powered “Kool Keep” fridge, etc.). The company was founded in January 2021 and is based in Nasik, India. Revamp intends to use its new funds to hire staff and accelerate product development. It expected to bring vehicles to market by the last quarter of 2022.
Team
Iswar Pradhan
MD & CEO
LinkedIn