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Simplifying Institutional Real Estate Investing in India
Managed by Certus Capital
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Certus India Opportunities Trust II (IN/AIF2/25-26/2035) is a SEBI-registered Category II Alternative Investment Fund (registered February 9, 2026) managed by Certus Investment Management Pvt. Ltd. — the AIF manager entity of Certus Capital, founded by Ashish Khandelia in July 2018. Fund II is a successor to Certus India Opportunities Trust I (IN/AIF2/20-21/0785), targeting an INR 300–500 crore corpus with a focus on institutional real estate credit and opportunistic equity in India. As of January 2026, the fund had garnered commitments for approximately 20% of its target corpus. The fund is registered at Unit 123, C Wing, Durian Estate, Goregaon-Mulund Link Road, Goregaon East, Mumbai – 400063 (operational office address), and the firm's headquarters are at Altimus, Worli, Mumbai.
Ashish Khandelia
Founder & SEBI Contact Person (Fund I)
Ashish Khandelia is the Founder of Certus Capital and the designated SEBI contact person for Certus India Opportunities Trust I. He has over 20 years of experience in real estate investing and lending. He founded Certus Capital in July 2018 after building KKR's India real estate platform from inception to a USD 1.0 billion+ business as Co-Head of Real Estate (2013–2018). Prior to KKR, he was Head of Acquisitions at Morgan Stanley Real Estate India (2006–2013), where he was among the first two Indian employees and was part of USD 700 million+ of equity investments including Oberoi Realty and Panchshil Group. He also worked at Kotak Investment Bank (2004–2006, establishing its RE investment banking practice) and Ernst & Young (1998–2004, assurance and investment banking). He holds an MBA from Indian School of Business, Hyderabad and is a Chartered Accountant.

Anisha Babur
CS & Compliance / SEBI Contact Person (Fund II)
Anisha Babur joined Certus Capital in January 2024 and serves as Company Secretary and Head of Compliance. She has over 6 years of experience with in-depth exposure to compliance and company secretarial functions across financial services. She is the designated SEBI contact person for Certus India Opportunities Trust II.
Sahil Shah
Managing Director – Investments
Sahil Shah joined Certus in June 2019. An acquisitions professional with approximately 14 years of experience, he has deep underwriting expertise in real estate investments.
Siddharth Pal
Executive Director – Origination
Siddharth Pal joined Certus Capital in July 2022. He has over 9 years of advisory, fundraising, and debt experience.
Arisha Mittal
Vice President
Arisha Mittal joined Certus in April 2022. A fundraising and investor relations professional with 15 years of experience.
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Investments in AIFs carry market and credit risk including possible loss of capital. Past performance does not indicate future returns. Information shown is sourced from the issuer's PPM and SEBI filings — confirm against the latest PPM before committing. wisefolio is an information platform; it is not registered with SEBI as an investment adviser, portfolio manager, or distributor. By using this page you accept our terms and privacy policy, including the self-attestation that you are eligible to view AIF marketing material under SEBI rules.
Teena Gandhi
Vice President
Teena Gandhi joined Certus in May 2022. She has over 13 years of experience across real estate and online marketplace sectors.

Rittesh Rathi
Vice President
Rittesh Rathi has over 17 years of experience in the financial services industry with expertise in fundraising.
Siddhant Shah
Assistant Vice President
Siddhant Shah joined Certus Capital in November 2019. He has approximately 4 years of real estate investment experience.
Kushal Doshi
Assistant Vice President
Kushal Doshi joined Certus Capital in September 2022. He has over 6 years of experience in real estate investments.
View the investment manager profile with all PMS strategies and AIFs under Certus Capital.