Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Discovery Trust is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/25-26/1956), registered in November 2025 and managed by EAAA India Alternatives Limited (CIN: U67190MH2008PLC182205, formerly known as Edelweiss Alternative Asset Advisors Limited). It is a new trust vehicle under the EAAA platform's ISAF (India Special Assets Fund) series. The SEBI manager input field 'Isaf Iii' refers to the trust's internal designation — 'ISAF III Onshore Fund', where ISAF stands for India Special Assets Fund III, EAAA's third-generation distressed and special situations credit strategy. EAAA India Alternatives is one of India's largest alternative investment platforms with approximately ₹65,500 crore in AUM, operating across private credit and real assets. The ISAF series is EAAA's flagship distressed debt and special situations strategy, deploying capital in non-performing loan (NPL) acquisitions, debt resolution, stressed asset financing, and governance-driven business transformation. Previous ISAF schemes have invested in companies including Tulsyan NEC Limited (steel, announced September 2024 via BSE disclosure), among others.
Amit Agarwal
Chief Executive Officer
Amit Agarwal is the Chief Executive Officer of our Company. He has been associated with our Company since April 1, 2017. He is responsible for managing the entire lifecycle of investment and creating exit strategies in several assets under Private Credit business vertical and has also been instrumental in fund raising efforts for funds in our Company. He has completed his bachelor’s degree in commerce from the University of Lucknow. He is also an associate of the Institute of Chartered Accountants of India. Prior to joining our Company, he was associated with Pricewaterhouse Coopers Private Limited and Asset Reconstruction Company (India) Limited and certain of our Promoter Group entities.
Subahoo Chordia
Chief Executive Officer (Real Assets)
Subahoo Chordia is the Chief Executive Officer of our Company. He has been associated with the Company since June 1, 2017. He is responsible for product innovation, fundraising including deepening relationships with both domestic and global institutional investors and overall growth & management of real assets business vertical of our Company. He is an associate of the Institute of Chartered Accountants of India. Prior to joining our Company, he was associated with IDBI Bank Limited, and Axis Bank Limited (erstwhile UTI Bank Limited) and Edelweiss Financial Services Limited, one of the Promoters of our Company.
Deepak Mukhija
Head – Compliance & Secretarial
Deepak Mukhija is the SEBI-designated contact person for the Commercial Rental Yield Trust and Head of Compliance & Secretarial at EAAA India Alternatives. He has over 18 years of experience in corporate secretarial and business compliances, with 14 years specifically in alternative investments. He joined Edelweiss in September 2018. Previously he was Company Secretary & Compliance Officer at Nippon Life India AMC, and spent 9 years at Kotak Private Equity. He holds a Company Secretary qualification and LLB from Mumbai University.
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