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Driven by Insight, Defined by Integrity
Managed by SB Growth Fund
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
SB Growth Fund (SEBI Reg. IN/AIF2/23-24/1383) is a Category II AIF managed by Shimmer Investment Private Limited, established by a prominent business family with a longstanding legacy in India's steel industry — the Goel family (mentors: Anand Goel and Pranav Goel), whose affiliation with Goel TMT (a Raipur-based steel manufacturer) is reflected in the SEBI contact email domain. The fund has launched two schemes: (1) SB Opportunities Fund I — target corpus ₹200 crore, launched November 2023, close-ended with a 15+2 year tenure, focused on growth-stage companies with scalable models and long-term value creation potential; (2) SB Opportunities Fund II — target corpus ₹200 crore, launched April 2025, close-ended with a 10+2 year tenure, targeting differentiated opportunities in high-growth businesses benefiting from emerging structural trends. Both schemes are sector-agnostic and invest in growth-phase companies through rigorous due diligence and a disciplined risk framework. Trustee for both schemes is Mitcon Credentia LLP. The fund is based at 808A, C Wing, One BKC, Bandra Kurla Complex, Mumbai 400051.

A.R. Jain
Chief Investment Officer
Mr. A.R. Jain is the Chief Investment Officer of SB Growth Fund, responsible for investment strategy, portfolio construction, and oversight of the fund's growth-stage investment activities.

Srinivasan Manoharan
President – Risk and Compliance
Mr. Srinivasan Manoharan is President – Risk and Compliance at SB Growth Fund and the SEBI-registered contact person. His email (kvsmano@goeltmt.com) reflects his association with the Goel Group (Goel TMT, Raipur-based steel manufacturer), the founding family behind the fund.

Vishal Golechha
Assistant General Manager – Investments
Mr. Vishal Golechha is AGM – Investments at SB Growth Fund, supporting deal sourcing, due diligence, and portfolio management.

Anand Goel
Mentor
Mr. Anand Goel is a Mentor to SB Growth Fund and a member of the founding Goel family, which has a longstanding legacy in India's steel industry through Goel TMT.
Pranav Goel
Mentor
Mr. Pranav Goel is a Mentor to SB Growth Fund and a member of the founding Goel family.
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View the investment manager profile with all PMS strategies and AIFs under SB Growth Fund.