Investor-Operator platform for India’s emerging mid-market.

We partner with profitable, founder-led companies that have sound fundamentals but unfinished playbooks, bringing private-equity rigour and hands-on value creation.

$4bn+Deployed by the founding partners across 20 companies
25+ yrsCombined private equity experience
$5m - $25mEquity cheques, with flexibility to go higher
Thousands of Indian mid-market businesses are capital-starved and counsel-starved, not quality-starved.

They are profitable and founder-led, yet operate without the capital, counsel or governance support to scale. We exist to find them, back them with smart capital and active partnership, and unlock their true value.

Our defining edge.

An Investor-Operator platform for PE-style value creation in India’s emerging mid-market.

Mid-Market Whitespace

$5m - $25m cheques in quality emerging mid-market companies: a large market overlooked between venture and growth PE.

Operator DNA

A proprietary playbook built over 25+ years: governance & talent, systems & processes, growth levers and AI transformation.

A-Grade Rigour at Founders’ Speed

Blue-chip diligence and IC standards at lean-team speed, complemented by a hard-to-access network of industry advisors built over two decades.

AI-first by Design

AI agents embedded in every workflow, from sourcing and diligence to execution, monitoring and exits.

Where we invest

Home-grown winners in sectors with structural tailwinds.

3 sectors

  • Industrials
  • Healthcare
  • Consumer

4 themes

  • National AspirantsRegional companies scaling nationally, from consumer brands to hospital and diagnostics chains, helped by formalisation and digital rails
  • Cost ChampionsIndian manufacturers winning from global supply-chain shifts, cost-competitive skilled labour and indigenisation
  • PremiumisationConsumers trading up to branded, higher-value products and services, from lifestyle to specialty healthcare, in a $3tn+ consumption market
  • Mega-Theme BeneficiariesBusinesses building India’s backbone for aerospace & defence, AI data centres and clean energy

What we look for

Quality first, then the runway.

  • Founder-first partnershipAmbitious founders with commercial acumen
  • Profitable, defensible coreAttractive unit economics, RoCE and a durable moat
  • Multi-year compoundingA scalable, under-penetrated market
  • Foundational scale & longevity$10-75m revenue and at least five years of operations
  • Aligned value creation leversTalent, technology, cost or M&A, identified at entry

Blue-chip private equity, built for the mid-market.

25+ years of combined private equity experience, with $4bn+ deployed across 20 companies.

Ankur Kathuria

Ankur Kathuria

Co-Founder & Managing Partner

15 years in financial services, including 12 in private equity. Most recently Senior Director at Alpha Wave Global, with prior experience at Warburg Pincus, Temasek and Credit Suisse. He has invested in 9 companies across industrials, consumer, technology and financial services.

Previously
Alpha Wave Global · Warburg Pincus · Temasek · Credit Suisse
Education
MBA, Wharton; B.Tech, IIT Delhi
LinkedIn
Aamir Zeb

Aamir Zeb

Co-Founder & Managing Partner

14 years across consulting and financial services, including 12 in private equity. Most recently Director at The Carlyle Group, with prior experience at CVC Capital Partners and Advent International. He has invested in 11 companies across consumer, healthcare, industrials and financial services.

Previously
Carlyle · CVC Capital Partners · Advent International · Bain & Co
Education
B.Tech & M.Tech, IIT Delhi
LinkedIn

Building something enduring?

We’d like to hear from founders of profitable, growing businesses, and from advisors who share our conviction in India’s mid-market.

contact@valuracapital.com