India Sme Investments Trust — India SME Investments | wisefolio

India Sme Investments Trust

Building Sustainable Small & Medium Businesses

IN/AIF2/18-19/0664Cat II

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

India SME Investments AIF Trust II (IN/AIF2/23-24/1433) is a SEBI-registered Category II AIF managed by India SME Investments LLP (LLPIN AAM-7114), the second fund from India SME Investments — an India-centric private equity firm with a mission to support small and medium businesses. Founded by Mitin Jain (Founder & MD) and Adit Dawda (Co-Founder & Director), India SME Investments manages 15+ investments across healthcare, consumer, fintech, and B2B services. The firm operates from Kingston Tower, 8th Floor, Flat 802, G.D. Ambekar Marg, Tank Road, Parel, Mumbai – 400012 (confirmed as registered address on Zauba Corp MCA records). The team has 14 members. Notable portfolio companies include PolicyBoss (InsurTech, INR 1,500 crore annual premium), Beato (diabetes management), and Ecozen (cold chain/agri-tech). The firm was featured in 'Most Active Investors: PE' in the Tracxn India FinTech H1 2023 report.

Investment Philosophy

India SME Investments adopts a differentiated grounds-up approach to investing in SMEs — taking significant minority stakes in companies with sustainable business models and strong cash flows. The investment thesis identifies businesses that are scalable and profitable, often overlooked by larger PE funds focused exclusively on large-cap plays. India SME Investments acts as a partner to SME founders, providing capital alongside strategic guidance on governance, scaling, and eventual exit paths (IPO/M&A). The fund focuses on healthcare, consumer brands, fintech, and B2B services sectors.

Team— 10

Mitin Jain

Founder & Managing Director; SEBI Contact Person

Mitin Jain is the Founder and Managing Director of India SME Investments LLP. He holds an MBA in Finance from NMIMS Mumbai. He leads deal sourcing, execution, and portfolio management across the fund's 15+ investments in healthcare, consumer, fintech, and B2B services.

Avish Shah

Investment Team

Avish Shah is a member of the India SME Investments investment team.

Adit Dawda

Co-Founder & Director

Adit Dawda is Co-Founder and Director of India SME Investments LLP, contributing to investment strategy and portfolio management.

Arya Desai

Investment Team

Arya Desai is a member of the India SME Investments investment team.

Mayank Nayak

Investment Team

Mayank Nayak is a member of the India SME Investments investment team.

Jagjyot Nanra

Investment Team

Jagjyot Nanra is a member of the India SME Investments investment team.

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF2/18-19/0664

VintageMar 2019 · 7 yrs old

Valid ToPerpetual

Contact PersonAdit Dawda

AddressBirla Centurion, 2nd Floor, PB Marg, Worli, Mumbai, Maharashtra, 400030

Insights

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Disclaimer

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