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Scaling Proven Business Models.
Kalpavriksh Trust is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/15-16/0202, LEI: 335800JL8LOJEOIT8Q72), registered in February 2016 and managed by The Acorn Fund Consultants Private Limited. Originally sponsored by Centrum Group — the diversified financial services conglomerate — the fund was acquired by Prowess Advisors in 2023, transitioning the sponsor from Centrum to Prowess. Kalpavriksh (Sanskrit for the 'wish-fulfilling divine tree') is a growth-capital private equity fund focused on scaling proven business models in Consumer Products & Services, Healthcare & Wellness, Technology-Enabled Businesses, and Support Services. The fund manages approximately ₹90 crore in assets and targets growth-stage companies with proven revenue, growth momentum, and a clear path to profitability. It is headquartered at Level 6, Centrum House, CST Road, near Mumbai University, Kalina, Mumbai 400098 — the registered address per the LEI record (c/o Acorn Fund Consultants). Portfolio companies include Dunzo, The Ayurveda Experience (exited 2024 at 6x+), BluSmart, The Label Life, HEAL (Littlemore Innovations), and others.
Kalpavriksh Fund's investment philosophy focuses on scaling proven business models with a clear plan to exit. The fund invests in emerging companies with proven revenue, growth momentum, and a clear path to profitability — backed by management and entrepreneurs with deep operational experience in their industries. The fund targets companies that can scale significantly with strategic, operational, and financial support over a 3-to-5-year horizon. Investment decisions are guided by a rigorous assessment of business model durability, market size, and management quality, with active post-investment support from the Acorn Fund Consultants team and the Prowess Advisors advisory network of food, agribusiness, and finance professionals.
Saransh Verma
Chief Investment Officer
Saransh Verma is the Chief Investment Officer of Kalpavriksh Fund at The Acorn Fund Consultants. An alumnus of IIM Indore, he has 14 years of experience spanning engineering, investment banking, corporate banking, corporate strategy, venture capital, and entrepreneurship, having worked with L&T, JP Morgan, Brand Capital/Times Group, and Menterra Ventures. Prior to Kalpavriksh, he led the Investment Banking division at Prowess Advisors.
Rajesh Srivastava
Chairman and Director
Rajesh Srivastava is the Chairman and Director of Kalpavriksh Fund. A career corporate and investment banker, he was a founding member of Rabobank India with 23 years of dedicated experience in food and agribusiness — covering Corporate Banking, Corporate Finance, Strategic Advisory, and Private Equity. He has advised the Government of India and several state governments on agri and food processing strategies, and sits on CII's National Council and National Committees.
Rohit Bahadur
Director
Rohit Bahadur is a Director of Kalpavriksh Fund and also leads Strategic Consulting at Prowess Advisors. An ISB Hyderabad alumnus, he began his career in Corporate Finance at Ernst & Young, then Management Consulting at Grant Thornton. He has worked in the Corporate Finance division of Yes Bank across direct credit, debt syndication, structured finance, and acquisition finance, and has advised organisations in Manufacturing, Construction, Telecom, Financial Services, and Sports sectors.
Steven Pinto
Director
Steven Pinto is a Director of Kalpavriksh Fund and an industry veteran with over 50 years of Indian and global banking experience. He is the Chairman of Centrum Retail Services. He has previously held leadership positions at Citibank India, Commercial Bank of Oman, GE Capital, and Mashreq Bank across India, the Middle East, and globally. An alumnus of St. Xavier's College, Mumbai, and the Bajaj Institute of Management.
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Shailendra Apte
SEBI Contact Person (legacy)
Shailendra Apte was the SEBI-designated contact person for Kalpavriksh Trust at the time of its registration, reachable at s.apte@centrum.co.in, indicating the fund's original Centrum Group sponsorship.