Mumbai: Gaja Alternative Asset Management Limited, operating under the brand Gaja Capital, has confidentially filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), marking a major milestone in its journey as one of India’s leading private equity and alternative asset management firms.
Founded in 2004, Gaja Capital provides growth capital to mid-market companies across high-impact sectors such as education, consumer, and financial services.
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In January 2025, the firm transitioned into a public limited company to align with its IPO ambitions. Earlier this month, it completed a ₹125 crore pre-IPO funding round, securing a valuation of ₹1,625 crore.
IPO to Fund New Strategies, Global Expansion
According to sources, the proceeds from the IPO will be used to seed new funds, broaden distribution capabilities in India and overseas, and diversify into new fund management strategies. The public listing is expected to enhance the firm’s visibility, credibility, and access to capital markets.
Gaja Alternative Asset Management / Gaja Capital: Leading India’s PE Evolution
Gaja Capital is widely regarded as India’s first independent, institutional private equity firm, known for backing visionary entrepreneurs building future champions of the Indian economy. The firm has delivered strong returns through investments in companies such as Teamlease, Xpressbees, Lighthouse Learning, RBL Bank, Leadsquared, John Distilleries, Ei, and Signzy.
The board of Gaja Alternative Asset Management is chaired by U.K. Sinha, former SEBI Chairman, and includes prominent members such as Shailesh Haribhakti, Prithvi Haldea, Manish Sabharwal, Arindam Bhattacharya, and Shital Mehra.
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The executive board features founding partners Gopal Jain, Ranjit Shah, and Imran Jafar.
As the Indian private equity sector evolves and attracts both domestic and global institutional investors, Gaja Alternative Asset Management is poised to further strengthen its position as a growth capital powerhouse.
