Motilal Oswal Alternates
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai, Maharashtra, 400025, India
Overview
Motilal Oswal Alternates is a fund manager that provides growth capital to high-potential and mid-market businesses. The firm is leveraging the group’s impeccable track record of wealth creation and its differentiated QGLP investment philosophy for the purpose of research-based value investing through its two verticals.
- Total investments
- 7
- Lead investments
- 4
- Investments · 12mo
- 4
- Active investors
- 2
Sector focus
- Business Development
- Financial Services
- Venture Capital
Investment portfolio
- JBM ECOLIFE
Led · Equity · Jun 2026
JBM Ecolife manufactures and operates electric buses and manages large-scale deployments under long-term contracts with state transport undertakings and government agencies. The company currently operates around 3,400 electric buses and expects its fleet to expand to nearly 5,000 buses within the next 12 months. JBM Auto and JBM Ecolife report a consolidated order book exceeding 10,000 electric buses and operate an integrated e-bus manufacturing facility in the Delhi-NCR region with an annual production capacity of 20,000 buses. Since entering the electric bus segment in 2018, its buses have logged more than 400 million electric kilometres and served over 1.5 billion passengers globally. Under the new ₹750 crore investment, JBM Ecolife plans to deploy about 2,000 additional buses, a move the company says will help avoid substantial CO2 emissions, save diesel, and generate employment for more than 7,000 people.
- JBM Group
Led · Equity · Jun 2026
JBM ECOLIFE Mobility designs, manufactures and operates electric buses for public transport and holds long-term concession-style contracts with state transport authorities. The company currently has about 3,400 e-buses deployed and plans to grow its fleet to roughly 5,000 buses within 12 months. JBM reports a combined order book with JBM Auto exceeding 10,000 electric buses and operates an electric bus manufacturing facility in the Delhi-NCR region with annual capacity of 20,000 buses. Operational metrics the company cites include more than 400 million electric kilometres driven and over 1.5 billion passenger journeys since 2018. JBM says its deployments contribute to significant fuel savings and emissions reductions and generate employment through its public transport operations. The recent ₹750 crore investment from Motilal Oswal Alternates is intended to finance further rollout and expansion of its e-bus operations.
- KreditBee
Led · Series E · Apr 2026
KreditBee was reported by Moneycontrol to have raised $280 million in a funding round that propelled it into unicorn status. The article identifies the company as a fintech but does not provide additional operational or product details. No revenue, user metrics, or other performance data were mentioned in the coverage. The report did not include the company's founding year or headquarters location. Future plans or stated use of the new capital were not detailed in the article.
- Mantra Group
Participated · Equity · Nov 2025
Mantra Group develops hardware- and software-based identity, security, computer-vision and artificial-intelligence solutions used in workforce management, access control and national ID programmes. Its enterprise stack is already deployed by more than 20 of India’s top 100 corporates and in several airport security installations. The company’s roadmap calls for doubling R&D expenditure, expanding its patent and IP portfolio and creating a dedicated Center of Excellence for AI and Computer Vision. Management also plans to scale its DSIR-approved R&D efforts and accelerate new product development. Commercially, Mantra intends to extend its airport solutions across India and into international markets, while broadening enterprise deployments throughout West Asia. The firm positions its long track record in national security programmes as a competitive moat for global expansion.
- Vistaar Finance
Participated · Equity · Aug 2025
Vistaar Finance (Vistaar Financial Services Pvt. Ltd) provides capital access to micro, small, and medium enterprises (MSMEs). Founded in 2010 by Brahmanand Hegde and Ramakrishna Nishtala, the company operates across 12 states with more than 250 branches and has assets under management of over ₹5,000 crore. The company said the latest investment will allow it to deepen its grassroots presence, drive customer‑centric innovation, diversify products, and strengthen brand positioning. Vistaar reported revenues of ₹684.7 crore in 2023‑24, up 29.4% year‑on‑year, and net profit of ₹147.1 crore, up 47.1%. Until Warburg Pincus's 2023 majority acquisition, Vistaar had raised close to $117 million across multiple rounds and was valued at around $280 million, according to Tracxn. Avendus Capital acted as the exclusive financial advisor to Vistaar and its shareholders on the transaction. Vistaar focuses on providing long-term secured loans to traditionally underserved MSMEs across India. Since its founding in 2010, the firm says it has enabled financing for over 250,000 MSMEs across 12 states. As of March 2024 Vistaar reported an AUM of approximately INR 4,154 crore and a workforce of over 2,500 employees. The company positions itself as a catalyst for expanding productive capacity and incomes among small businesses, with particular attention to women-led enterprises. Vistaar highlights the large national MSME financing gap as a market opportunity and a rationale for scaling its lending. Recent capital inflows are being directed toward deepening presence in rural markets and increasing lending to women-owned and -led firms. Vistaar Financial Services, founded in April 2010 and headquartered in Bangalore, offers cash flow–based credit assessment and lending to micro, small and medium enterprises (MSMEs), assessing economic activity when conventional income documents are absent. As of January 31, 2014, the firm operated about 74 branches across Karnataka, Tamil Nadu, Maharashtra and Gujarat, serving roughly 23,600 borrowers. Its loan portfolio stood at Rs 207.1 crore at that date. Vistaar says it has built a unique credit methodology focused on cash-flow assessment of MSMEs. The company plans to use fresh funding to expand its branch network to over 250 centres over the next four years and target a portfolio of more than Rs 2,500 crore. Prior equity funding totaled around $13 million across two rounds in 2010–12.