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Managed by Greenstone Capital
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Greenstone Fund (IN/AIF2/23-24/1437) is a SEBI-registered Category II AIF managed by Greenstone Fund Manager LLP, a sustainability-focused growth equity fund investing exclusively in profitable or near-profitable green economy companies in India. The fund targets businesses at the inflection point across Clean Energy, Mobility, Circularity, and Sustainable Agriculture, with check sizes of USD 3–10M for minority stakes. The fund addresses a structural capital gap: companies too large for early-stage VC but too small for large infrastructure PE. Portfolio: Lucro (India's largest plastic waste recycler), Proklean Technologies (biodegradable specialty green chemicals), Value Ingredients (residue-free sustainable spice production, 5,000+ farmers). Address: 11th Floor, Mafatlal Centre, Nariman Point, Mumbai 400021.
Rahul Goswami
Managing Partner; SEBI Contact Person
Rahul Goswami is Managing Partner of Greenstone with 18+ years of experience in sustainability finance. Previously founder of Greenstone Advisors (2014), a clean energy investment bank that closed 50+ transactions representing USD 10B+ in capital commitments. Earlier at Ewing Bemiss & Co. (boutique sustainability investment bank, acquired by KPMG 2015) and Lloyds Banking Group (New York, project finance for large IPPs). BS in Economics from Wharton School, University of Pennsylvania.
Paresh Thakker
Managing Partner
Paresh Thakker is Managing Partner of Greenstone with 34+ years of PE/VC experience.
Hari Krishnan
Director
Hari Krishnan is Director at Greenstone with expertise in impact investing.
Nitish Shankar
Vice President
Rushabh Shah
Analyst
Dr. S. Sivaram
Retained Scientist
Padma Shri recipient and eminent polymer scientist.
Dr. SSV Ramakumar
Retained Scientist
CTO of AM Green; green hydrogen expert.
Vikram Nirula
Investment Committee
Co-founder of True North Capital.
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View the investment manager profile with all PMS strategies and AIFs under Greenstone Capital.