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Empowering India's Growth Engines
Managed by Vira AIF
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
VIRA AIF Trust is a Category II Alternative Investment Fund trust organised as a contributory determinate investment trust, registered with SEBI in January 2025. Its first and flagship scheme, VIRA Bharat Opportunities Fund, is managed and sponsored by Veenavadini Fincom Private Limited, a Mumbai-based financial services company with activities spanning consultancy, investment management, and real estate. The fund's stated objective is to make private equity investments in entities across sectors, with a specific focus on the SME segment — including listed, unlisted, and proposed-to-be-listed securities on the SME exchange as well as the main board. The fund has a target corpus of ₹50 crore with a green shoe option of an additional ₹50 crore, a minimum commitment of ₹1 crore per investor, a 5-year lifespan (extendable by 1+1 years), a management fee of 2% per annum, and a hurdle rate of 12% p.a. XIRR with an 80:20 carry-sharing arrangement. The trust is supported by Orbis Trusteeship Services Private Limited as Trustee and is headquartered at The Capital, BKC, Mumbai.
Sobhag Mal Jain
Director
Sobhag Mal Jain is a seasoned Chartered Accountant with over 37 years of experience in the financial sector. He served as Executive Director of Life Insurance Corporation of India (LIC), where he played a pivotal role in LIC's landmark IPO. He has analysed over 500 companies across equity research, with deep experience covering NIFTY 500 and BSE 500 companies, PSU IPOs, and debt instruments including NCDs, corporate bonds, consortium finance, and project finance. He currently serves on the Board of Choice International Limited.
Ronak Bhupendra Haria
Director & SEBI Contact
Ronak Bhupendra Haria is a Chartered Accountant with over nine years of experience in finance and fund accounting. He previously worked at SS&C GlobeOp, a leading global fund administration firm. Known for his analytical rigour and attention to detail, he is experienced in regulatory compliance and optimising financial performance for investment funds.
Kaushal Kumar Agarwal
Investment & Compliance Manager
Kaushal Kumar Agarwal is a Chartered Accountant and NISM-certified professional with experience spanning accounting, audit, taxation, financial analysis, compliance, and investment evaluation. At VIRA AIF, he oversees the entire investment process of the AIF in addition to compliance and operations.
Varunsingh Thakur
AIF Operations & Investments Manager
Varunsingh Thakur holds an MBA and a Master of Commerce, with over six years of experience across service, education, fintech, and capital markets sectors. He previously worked at Motilal Oswal Financial Services. At VIRA AIF, he manages AIF operations and investment activities.
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Investments in AIFs carry market and credit risk including possible loss of capital. Past performance does not indicate future returns. Information shown is sourced from the issuer's PPM and SEBI filings — confirm against the latest PPM before committing. wisefolio is an information platform; it is not registered with SEBI as an investment adviser, portfolio manager, or distributor. By using this page you accept our terms and privacy policy, including the self-attestation that you are eligible to view AIF marketing material under SEBI rules.
View the investment manager profile with all PMS strategies and AIFs under Vira AIF.