Led · Equity · Mar 2026

MTandT Rentals focuses on supplying safe and efficient access solutions such as boom lifts, scissor lifts and PortaDeck composite mats, complemented by operator training, maintenance, and technical support. Founded and led by Rakesh Modi, the company is based in Chennai and serves sectors including airports, renewable energy, metro rail, data centres, and large industrial projects. MTandT has reported a compound annual growth rate of over 48% between FY21 and FY25. The business has previously raised about Rs 62 crore from early-stage investors and family offices and has now received its first institutional investment of Rs 100 crore from ValueQuest S.C.A.L.E. Fund II. The company intends to use the new capital to support larger and more complex projects, improve asset utilisation, and speed up turnaround times. Its integrated offering of equipment plus training and technical support positions it as a reliability-focused provider in India’s infrastructure ecosystem.

Led · Equity · Mar 2026

Founded in 1978, Hi-Q Electronics develops multi-layer, rigid-flex and high-reliability printed circuit boards serving leading global Tier-1 OEMs and premier domestic institutions. The company has deep engineering expertise in high-precision PCB manufacturing. It recently secured a ₹175 crore investment from ValueQuest Tristar Fund to support expansion of its capabilities and strengthen its market position. Legal and transaction advisory for the deal was provided by JSA Advocates & Solicitors, which conducted vendor due diligence and negotiated the transaction documents. The funding represents a milestone in the company's plans to grow its high-reliability electronics manufacturing operations.

Led · Series B · Dec 2025

CoreEL Technologies is a Bengaluru-based aerospace and defence technology company that designs, develops and builds advanced electronic system- and sub-system-level products. Its portfolio addresses strategic needs in radar, electronic warfare, avionics and military communications (MILCOM). The firm’s solutions are already deployed in India’s next-generation avionics, radars, missiles, electronic warfare systems, MILCOM and sonars, serving customers such as DRDO, defence public sector enterprises and the Ministry of Defence. CoreEL recently acquired the aerospace and defence systems division of Lekha Wireless, adding proven wireless communication technologies, indigenous intellectual property and specialised engineering talent, significantly boosting its MILCOM capabilities. This move expands its communication systems offering and strengthens its position in complex defence programmes. The company intends to channel new capital into scaling manufacturing capacity, deepening research and development and advancing product engineering. These initiatives aim to support participation in large aerospace and defence programmes both in India and abroad. While specific revenue or user metrics were not disclosed, the latest funding round highlights growing investor confidence in CoreEL’s strategic role within the defence ecosystem.

Participated · Equity · Nov 2025

Capillary Technologies India is a software product company offering artificial-intelligence-driven, cloud-native SaaS applications that help enterprise customers deepen consumer and channel-partner loyalty. Its platform is deployed globally, targeting large enterprises that want to enhance engagement and retention. For the six months ended September 2025, the company recorded consolidated revenue of ₹359.21 crore, following FY 25 revenue of ₹598.25 crore. To accelerate growth, the company is moving toward a public listing on the BSE and NSE. A portion of the IPO proceeds will come from a fresh issue of shares, providing new capital to the business. Capillary’s upcoming listing is being managed by JM Financial, IIFL Capital Services and Nomura Financial Advisory & Securities (India), with MUFG Intime India acting as registrar. The firm’s strategy centers on expanding its AI-driven loyalty product suite and scaling its global enterprise footprint.

Participated · Equity · Sep 2025

Solarworld Energy Solutions is a solar energy solutions provider that focuses on EPC work for utility-scale and other solar power projects. The company plans to vertically integrate by building a 1.2 GW Solar PV TopCon manufacturing facility in Pandhurana, Madhya Pradesh through its subsidiary, Kartik Solarworld. To fund this expansion, it is coming to market with a ₹490 crore initial public offering that includes a ₹440 crore fresh issue and a ₹50 crore offer-for-sale by promoter Pioneer Facor IT Infradevelopers. At the top end of the ₹333–351 price band, Solarworld will be valued at just over ₹3,000 crore. Ahead of the IPO, the company secured anchor commitments totaling ₹220.5 crore, underscoring institutional confidence in the offering. Seventy-five percent of the IPO is reserved for qualified institutional buyers, with 15 percent for non-institutional investors and 10 percent for retail. Proceeds from the fresh issue will primarily finance the new manufacturing plant and be used for general corporate purposes. Nuvama Wealth Management and SBI Capital Markets are acting as the book-running lead managers, and the company is scheduled to list on September 30.