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Discovery Trust is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/25-26/1956), registered in November 2025 and managed by EAAA India Alternatives Limited (CIN: U67190MH2008PLC182205, formerly known as Edelweiss Alternative Asset Advisors Limited). It is a new trust vehicle under the EAAA platform's ISAF (India Special Assets Fund) series. The SEBI manager input field 'Isaf Iii' refers to the trust's internal designation — 'ISAF III Onshore Fund', where ISAF stands for India Special Assets Fund III, EAAA's third-generation distressed and special situations credit strategy. EAAA India Alternatives is one of India's largest alternative investment platforms with approximately ₹65,500 crore in AUM, operating across private credit and real assets. The ISAF series is EAAA's flagship distressed debt and special situations strategy, deploying capital in non-performing loan (NPL) acquisitions, debt resolution, stressed asset financing, and governance-driven business transformation. Previous ISAF schemes have invested in companies including Tulsyan NEC Limited (steel, announced September 2024 via BSE disclosure), among others.
EAAA India Alternatives' private credit philosophy focuses on providing structured credit and flexible financing solutions across the risk spectrum — from performing credit to stressed and distressed situations. The ISAF series specifically targets India's special assets opportunity: non-performing loans, stressed corporate debt, NCLT/IBC resolution processes, and governance-challenged businesses that require a combination of capital infusion and operational restructuring. EAAA applies rigorous credit underwriting, an institutional governance framework, and deep legal/operational expertise to create value from complexity. The firm's overall philosophy is: 'In a world that is searching for yields, EAAA provides a platform for global investors to access the private credit and real assets opportunities in India through investment expertise, institutional platform and robust governance standards.'
Commercial Rental Yield Trust
Registered 2023
Discovery Trust
Registered 2025
Ec Special Situations Fund
Registered 2018
Edelweiss India Real Estate Fund
Registered 2017
Edelweiss India Special Situations Fund
Registered 2017
Edelweiss Infrastructure Yield Plus
Registered 2018
Emerging Credit Alternative Investment Trust
Registered 2023
Emerging Credit Investment Trust
Registered 2023
Green Energy Trust
Registered 2025
India Real Estate Opportunities Trust
Registered 2023
RE Opportunities Fund
Registered 2014
Special Opportunities Trust
Registered 2025
Special Situation India Trust
Registered 2025

Amit Agarwal
FMFund Manager, ISAF III / India Special Assets Fund III
Amit Agarwal is the Chief Executive Officer of our Company. He has been associated with our Company since April 1, 2017. He is responsible for managing the entire lifecycle of investment and creating exit strategies in several assets under Private Credit business vertical and has also been instrumental in fund raising efforts for funds in our Company. He has completed his bachelor’s degree in commerce from the University of Lucknow. He is also an associate of the Institute of Chartered Accountants of India. Prior to joining our Company, he was associated with Pricewaterhouse Coopers Private Limited and Asset Reconstruction Company (India) Limited and certain of our Promoter Group entities.
Navin Sambtani
FMFund Manager, ISAF III / India Special Assets Fund III
Navin Sambtani is a co-fund manager for the ISAF III strategy at Edelweiss Alternatives.
Kriti Ghosh
FMFund Manager, ISAF III / India Special Assets Fund III
Kriti Ghosh is a co-fund manager for the ISAF III strategy at Edelweiss Alternatives.

Roshan Khamkar
FMFund Manager
Roshan Ashok Khamkar is an Fund Manager at Edelweiss AMC with over 6 ½ years of experience in the Asset Management Company (AMC) sector. He has been a key player in various operations including PMS onboarding, settlements, and fund accounting. Along with his core responsibilities, Roshan has also extended his expertise by assisting the investment team with research-related activities, providing valuable insights and support for strategic decisions. Before joining Edelweiss AMC, Roshan accumulated 4 ½ years of experience working with a prominent audit firm. There, he managed audits for a wide range of companies, collaborated with key stakeholders, and contributed to the preparation of audit reports. His earlier experience laid a strong foundation in understanding financial processes and client interactions.
Radhika Gupta
Managing Director & CEO
Radhika Gupta is the CEO of Edelweiss Asset Management and leads the firm’s asset management business.

Rashesh Chandrakant Shah
Executive Chairman and Whole-Time Director
Rashesh Chandrakant Shah is the Executive Chairman and Whole- Time Director of our Company. He has been associated with our Company since August 28, 2024. He holds a post graduate diploma in management from the Indian Institute of Management, Ahmedabad. He is one of the founders of EFSL, one of the Promoters of our Company, and has been associated with EFSL since 1995.
Venkat Ramaswamy
Executive Director & CEO (Alternatives)
Venkat Ramaswamy leads Edelweiss Alternatives and has extensive experience in private equity, credit, and alternative investments. He is responsible for overall strategy, investment direction, and platform growth.
Deepak Mukhija
Head – Compliance & Secretarial / Contact Person
Deepak Mukhija is the SEBI-designated contact person for the Commercial Rental Yield Trust and Head of Compliance & Secretarial at EAAA India Alternatives. He has over 18 years of experience in corporate secretarial and business compliances, with 14 years specifically in alternative investments. He joined Edelweiss in September 2018. Previously he was Company Secretary & Compliance Officer at Nippon Life India AMC, and spent 9 years at Kotak Private Equity. He holds a Company Secretary qualification and LLB from Mumbai University.

Subahoo Chordia
Chief Executive Officer (Real Assets)
Subahoo Chordia is the Chief Executive Officer of our Company. He has been associated with the Company since June 1, 2017. He is responsible for product innovation, fundraising including deepening relationships with both domestic and global institutional investors and overall growth & management of real assets business vertical of our Company. He is an associate of the Institute of Chartered Accountants of India. Prior to joining our Company, he was associated with IDBI Bank Limited, and Axis Bank Limited (erstwhile UTI Bank Limited) and Edelweiss Financial Services Limited, one of the Promoters of our Company.
Gautam Hora
Managing Director, Rental Yield Plus Fund
Gautam Hora is the Managing Director of the Rental Yield Plus Fund at EAAA, responsible for execution of the commercial real estate acquisition strategy including the ₹1,500 crore MMTP Projects deal in Manyata Tech Park, Bengaluru.
Niranjan Risbood
Executive VP & Head – Product Strategy, Marketing & Sustainability
Niranjan Risbood is the SEBI-designated contact person for EC Special Situations Fund and Executive Vice President at EAAA India Alternatives (formerly Edelweiss Alternative Asset Advisors). He is Head of Product Strategy, Marketing & Sustainability. His prior career includes Director of Fund Research at Morningstar India (2014–2017), where he led qualitative and quantitative fund research, and seven years at Citigroup (Citi Wealth Advisors and Citi Private Bank). He holds a CFA charter, a B.E. from VESIT Mumbai, and an MMS from Narsee Monjee.
Aishwarya Bowalekar
Compliance / SEBI Contact Person
Aishwarya Bowalekar is the SEBI-registered contact person for Emerging Credit Alternative Investment Trust (IN/AIF2/23-24/1327).

Harish Agarwal
President and Chief Operating Officer
Harish Agarwal is the President and Chief Operating Officer of our Company. He has been associated with our Company since April 1, 2022. He is responsible for overseeing process optimization, strategic planning, and ensuring team collaboration in our Company. He holds a bachelor’s degree in commerce from the University of Calcutta and is an associate of the Institute of Chartered Accountants of India. He also holds a bachelor’s degree in law from University of Mumbai. He was previously associated with DBS Bank Limited, HSBC Limited, and ICICI Bank Limited and our Promoter Group entity.

Sanjeev Rastogi
Head of Real Estate Credit
Sanjeev Rastogi is the head of real estate credit of our Company. He has been associated with our Company since February 1, 2017. He is responsible for development of overall strategy for real estate credit, overseeing its portfolio, team development, and management of client relationships of our Company. He holds a bachelor’s degree of technology in civil engineering from Kakatiya University, Warangal, and a master’s degree in business administration from Joseph M Katz Graduate School of Business, University of Pittsburgh, Pennsylvania. He also holds a master’s degree in building engineering and management from the School of Planning and Architecture, New Delhi. He was previously associated with IL&FS Investment Managers Limited and certain of our Promoter group entities.
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