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Investing in Infrastructure Development in God's Own Country
Kerala Infrastructure Fund (IN/AIF2/19-20/0672) is a SEBI-registered Category II Alternative Investment Fund (registered April 2019) managed by Kerala Infrastructure Fund Management Limited (KIFML) — a state-backed asset management company dedicated to raising and deploying capital primarily in Kerala. KIFML is a board-run entity with an eminent Board and an independent Investment Committee. The fund is a Kerala-focused private equity fund that seeks to identify, create, and invest in quality infrastructure opportunities in Kerala, targeting projects that power economic activity and improve quality of life. KIF seeks to enhance value creation through early participation at the concept stage to mitigate risks early on. The fund invests in early-stage startups, SME enterprises, and infrastructure upgrades. KIFML's shareholders include KIIFB, CIAL (Cochin International Airport Ltd), Geojit Financial Services, HDFC, Federal Bank, KSIDC, South Indian Bank, Varanium, Dhanalakshmi Bank, and Kerala Financial Corporation. The SEBI-registered address is 2nd Floor, Felicity Square, Statue, M.G. Road, Thiruvananthapuram – 695001. The current operational address is 4th Floor, KEK Tower, TC-27/1696, Opposite TRIDA, Vazhuthacaud, Sasthamangalam P.O., Thiruvananthapuram – 695010.
KIFML invests with four core differentiators: (1) Governance — KIFML is a board-run entity with an independent Investment Committee; (2) Market Opportunities — Kerala's unique emphasis on sustainable development, tourism, and urbanization creates differentiated investment opportunities; (3) Risk Mitigation through Diversification — investments across various sectors and stages reduce single-sector dependency; (4) Responsible Investing — ESG and Impact metrics are evaluated during due diligence and monitored post-investment. The fund aims to generate risk-adjusted returns alongside significant development impact in Kerala.
Akhil G Nair
Coordinator / SEBI Contact Person (Kerala Innovation Fund)
Akhil G Nair is the designated SEBI contact person for Kerala Innovation Fund at KIFML.
Deepu Thomas
SEBI Contact Person (AGM, Infrastructure Fund Group)
Deepu Thomas is the designated SEBI contact person for Kerala Infrastructure Fund, serving as AGM in the Infrastructure Fund Group at KIFML.
Dr K Ellangovan, IAS
Managing Director
Dr K Ellangovan is a versatile IAS officer with a medical background (MS Ortho, MA Population Studies, PhD from IIT Madras; author of Creating Value in Health Care). He superannuated as Additional Chief Secretary to the Government of Kerala. Corporate roles include MD of INKEL and Kerala Tourism, CMD of Kerala State Electricity Board, Chairman of Malabar Cements, Nitta Gelatin, Kerala Minerals and Mines, and Kerala State Medical Services Corporation, and Executive Director of Council for Leather Exports (GoI). Public administration roles include Additional Chief Secretary (Industries & Commerce), Secretary (Health & Family Welfare, General Education, Transport).
Saurabh Nair
Chief Investment Officer
Saurabh Nair is Chief Investment Officer at KIFML, responsible for fundraising and marketing KIFML's investment capabilities to institutional investors, corporates, and family offices. Prior to KIFML, he worked at GVFL Limited (Ahmedabad VC firm), where his investments included Zero Cow Factory, Video SDK, Lets Dress Up, and CTPL.io. He has also held senior positions at Pacifica Cos. (Fund Raise), Standard & Poor's (Insurance Journalist/SME), and Markit. He has raised over INR 2,000 crore from government, institutional, and HNI sources. He holds a B.E. (I.C.) from Gujarat University and PGDM in Finance from Indian Business Academy.
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