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Scaling India's Industrial Champions.
Global South Capital Fund (IN/AIF2/25-26/1829) is a SEBI-registered Category II AIF managed by Ad-Idem Global South Capital Advisers LLP, a private equity fund focused on India's mid-market manufacturing sector. The fund partners with founders to build globally competitive, future-ready industrial platforms — providing growth capital, global network access, operational expertise, and M&A/export enablement. The team brings 80+ years of cumulative experience with a prior track record of ~USD 800 million in assets and ~30% IRR with 0 loss ratio. Office: 12th Floor, Building No. 9B, DLF Cyber City, DLF Phase III, Gurgaon 122002.
Global South Capital is a partner, not a rent-seeking financier. The firm invests with conviction, stays deeply involved, and aligns its success with founders. Strategy pillars: Build Bigger (identify high-potential companies, give them network, systems, and scale to compete globally); Build Stronger (institutionalise operations, strengthen governance, embed resilience); Build Faster (accelerate through partnerships, export enablement, and access to global corporates and M&A). Sectors of focus: Electronics, Semiconductors, EVs, Aerospace & Railways, Automotive, Industrial Tech, Pharma, Industrial Automation, Consumer Electronics, Chemicals, and Circular Economy. The firm's edge is pattern recognition built on decades of investing, operating, and growing in India's industrial ecosystems.
Mragank Jain
Managing Partner; SEBI Contact Person
Mragank Jain is the Managing Partner of Global South Capital. He has invested USD 270M with 4x returns and ~30% IRR, with board roles at TBO Tek, Craftsman Automation, and Tirupati Medicare. He also founded and exited an EV logistics platform after raising USD 10M. Previously served as Executive Director at Affirma Capital Singapore. Alumnus of IIT Delhi and IIM Bangalore.
Debojyoti Ghosh
Partner
Debojyoti is an institutional PE fund builder with full-cycle investing expertise. He has led USD 380M in investments and USD 560M in exits, and set up Axis AMC's PE platform. He has held board roles at Vatika Hotels and Impresario Entertainment & Hospitality. IIM Calcutta alumnus.
Arjun Gupta
Chief Financial Officer
Arjun leads investment execution, fund finance, governance, and LP reporting at GSC. He has deep sector experience in solar and green hydrogen (ACME), EV and asset finance, and battery recycling (Attero). Previously at Singhi Advisors. CA (2012) with strong underwriting and structuring expertise. Leads financial rigor, risk management, and AI-enabled investing.
Ananya Bathla
Analyst
Ananya is a strategy professional with experience at Acclime, advising international companies on market entry, M&A, and growth across India and Southeast Asia. She focuses on market assessment, business planning, financial analysis, and stakeholder coordination.
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