Equirus, a leading full-service financial services firm, today announced the partnering with industry veteran Mr. Srinath Srinivasan to set up a late stage private equity fund. He also joins the Board of Equirus Wealth.
Mr. Srinivasan will spearhead Equirus Alternatives, as the group looks to grow its asset management business. The team will identify high-growth, mid-market opportunities, building scalable investment platforms, and driving long-term value creation for investors. His induction to the Equirus Wealth Board further strengthens the Group’s asset and wealth management capabilities as it expands its footprint across the investment value chain. Equirus Wealth manages AUM of INR 35,000 Crores for its clients.
The Fund at Equirus will focus on mid-market growth investments targeting digitally led, AI savvy, high growth consumer, financial services, industrial and health care sector., targeting significant minority stake opportunities. It aims to back mid-market growth companies, accelerate value creation through strategic partnerships. Equirus Private Equity targets to raise INR 1500 Crore.
Mr. Srinivasan brings over 35 years of distinguished experience, including 26 years at the helm of private equity businesses across India and South East Asia. He joins Equirus after a highly successful 14-plus year tenure as the Chief Executive Officer of Oman India Joint Investment Fund (OIJIF), where he managed two AIF-registered funds aggregating approximately USD 330 million. Under his leadership, OIJIF delivered exceptional performance, including 19 investments across two funds, with 17 fully or partially exited or listed. His track record features five IPOs between 2019 and 2024.
Mr. Srinivasan has led his team in identifying and investing in several emerging high-growth companies such as Solar Industries Ltd, HBL Power Systems, Data Patterns, Divgi Torque Transfer Systems, Stanley Lifestyle, Senco Gold Ltd, Prince Pipes, Capital Small Finance Bank, and HomeLane, among others.
He has served on Boards of 16 companies in his career spanning consumer, manufacturing, telecommunication, stock exchange and banking industry. These include Board of NCDEX (National Commodity and Derivatives Exchange), Capital Small Finance Bank and Stanley Lifestyle Ltd., and was also part of the Executive Council of the India Venture Capital and Private Equity Association (IVCA) from 2016 to 2020.
Ajit Deshmukh, Managing Director, Equirus Group, said, “We are delighted to welcome Srinath to the Equirus family. His proven track record across multiple business cycles in identifying and scaling mid-market growth companies, coupled with his ability to deliver consistent value for investors, aligns perfectly with our vision of building a world-class, multi-asset financial services platform. His leadership will be instrumental in launching and scaling our late stage private equity fund and will also bring immense strategic depth to the Equirus Wealth board. With India’s robust growth trajectory and the increasing depth of its private markets, we see tremendous opportunity to back visionary entrepreneurs, nurture transformative businesses, and generate meaningful outcomes for all stakeholders.”
Mr. Srinath Srinivasan added, “I am excited to partner with Equirus – a firm renowned for its entrepreneurial spirit, trust, innovation, and client-centricity across its businesses. The Group’s integrated presence across investment banking, institutional equities, wealth and asset management, NBFC, and insurance solutions provides a strong platform to deliver differentiated value to high-growth Indian businesses. I look forward to building a private equity fund that backs visionary entrepreneurs and delivers sustainable value for investors.
About Equirus:
Equirus Group is a leading full-service financial services firm specializing in investment banking, institutional securities, wealth and asset management, HNI broking, NBFC, and insurance solutions. With a “client always first” approach and a proven track record of delivering value creation, Equirus has built impeccable credentials across domains and sectors. Equirus has completed more than 315+ transactions across M&A, PE, IPOs, QIPs, Rights Issues, and Structured Finance, raising USD 15 billion in the process across sectors over the last 18 years, and has created a differentiation for itself through its ability to structure and deliver transactions in line with the client’s requirements.
Equirus Securities is the institutional equities arm of Equirus Capital. It is one of the leading domestic institutional equities brokerage firms in India, with more than 275 companies under coverage and empanelment with almost all domestic institutions and many leading FIIs.
