Cat II · Managed by EverSource Capital
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Green Growth Equity Fund (IN/AIF2/18-19/0529) is a SEBI-registered Category II AIF managed by EverSource Capital Advisors India Private Limited — the India entity of EverSource Capital, a JV between Everstone Group and Lightsource BP. This is Fund I of EverSource (GGEF I), which raised USD 741 million (final close). The fund was India's largest dedicated clean energy and sustainability private equity fund at the time of its launch. It invests across renewable energy, energy efficiency, sustainable infrastructure, and green businesses in India. NDA (Nishith Desai Associates) filing agent: eversource.nda@nishithdesai.com. SEBI contact: Nandini Pathak. Registered address: 1st Floor, C-5, Defence Colony, New Delhi 110024.
Dhanpal Jhaveri
CEO, Eversource Capital; Vice Chairman, Everstone Group
Dhanpal Jhaveri is CEO of Eversource Capital and Vice Chairman of Everstone Group (USD 8B+ AUM across PE, real estate, green infrastructure, and VC). Previously Director of Corporate Strategy at Vedanta Resources, Head of Investment Banking at ICICI Securities, and Partner for Corporate Finance at KPMG. BCom from University of Mumbai; MBA from Babson College.
Sameer Sain
Co-Founder & CEO, Everstone Group
Sameer Sain is the co-founder and CEO of Everstone. He is based in Singapore, he is actively involved in managing the firm and overseeing the business in each location, dividing his time between all the Everstone offices across multiple regions. Before Everstone, Sameer spent 11 years at Goldman Sachs, where he was a Managing Director in the Investment Management Division and held the position of Head of Institutional Wealth Management and the Special Investments Group (International). Prior to his appointment as Managing Director, he spent eight years managing public market portfolios for Goldman Sachs clients, investing globally across multiple asset classes. Sameer holds a Bachelor of Commerce from the University of Mumbai, a Bachelor of Business Administration from the University of Massachusetts and a Master of Business Administration from Cornell University.
Atul Kapur
Co-Founder & CIO, Everstone Group
Co-Founder and CIO of Everstone Group. Based in Singapore. Previously 12 years at Goldman Sachs as MD in the Principal Strategies Group (London), and in the Principal Investment Area across Asia and Europe deploying GSCP funds. BCom from University of Delhi; qualified Chartered Accountant.
Jayant Sinha
President, Everstone Group & Eversource Capital
Former Union Minister of State (Finance & Civil Aviation, 2014–2019) and Chairman, Parliamentary Standing Committee on Finance (2019–2024). Previously at McKinsey & Company, Courage Capital, and Omidyar Network. B.Tech (IIT Delhi), MS in Energy Management & Policy (University of Pennsylvania), MBA (Harvard Business School). Visiting Professor in Practice at LSE.
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Sujoy Bose
CEO Investment Management, Everstone Group & CIO, Eversource Capital
Previously MD & CEO of NIIF (National Investment and Infrastructure Fund, USD 4.3B Sovereign Wealth Fund) and 23 years at IFC (Global Co-Head of Infrastructure & Natural Resources; CIO of IFC Asset Management). Started career at Citibank India. MBA from Rice University; BCom from St. Xavier's College, Kolkata.
Anoop Poddar
Senior Managing Director
15 years as a PE investor in 20 tech-rich companies in the US and Europe, including setting up and managing a USD 500M mid-market PE fund in London focused on energy transition. Joined Eversource in 2022. MBA from Harvard Business School; MEng from Robert Gordon University; BTech from IIT.
Prasanna Desai
MD & COO, Renewable Energy & Green Finance
20+ years in corporate finance, investment banking, real estate, and solar energy. Previously COO at Kiran Energy Solar; Executive Director at F&C REIT Asset Management; Director at KPMG Corporate Finance; VP at Citigroup. MMS and MEcon from University of Mumbai; BE from Nagpur University.
Shishir Maheshwari
MD, e-Mobility & Water Management
15+ years across PE and entrepreneurial ventures. Built sustainability platforms at IDFC Private Equity; co-founded Agribazaar.com (agritech); led investments at IndiaRF (Bain-Piramal distressed asset platform). PGDBM from XLRI Jamshedpur; BE (Mechanical) from GBPUAT.
Rohit Talwalkar
MD, Green Finance & Green Hydrogen
23+ years in financial services. Previously Head of Corporate & Structured Finance at IndoStar Capital Finance / Everstone Credit Platform (USD 1.5B+ deployed); Investment Manager & CCO at ADM Capital (USD 500M deployed); PricewaterhouseCoopers; Tata AutoComp. PGPM from ISB Hyderabad; LLB from Pune University; Company Secretary.
Rupali Gupta
MD, Business Development
20+ years across private banking, corporate treasury, IR, and fundraising. Has raised USD 2B+ for emerging market funds. Previously Head of IR at Africa50; Director at IDFC Alternatives; positions at True North, Morgan Stanley India, and Kotak Securities. MMS and BSc from University of Mumbai.
Rajnish Kadambar
MD & Head, ESG
25+ years in ESG, environmental & social risk management, and impact assessment across infrastructure, energy, highways, water, and industrial projects. Previously Principal ESG Officer at SWAMIH Fund (SBICAP Ventures); IDFC Group; IL&FS Ecosmart. PG Diploma in Environment Management from IISWBM Kolkata; BSc from Ajmer University.
Anahita Medhora
ED & Head, Investment Office
15+ years across infrastructure and PE funds. With Everstone Group since 2018; previously 11 years at IDFC Alternatives PE managing renewable energy, logistics, and healthcare platforms. MBA from SP Jain Institute of Management & Research; CA from ICAI.
Kaushal Mehta
Head of Risk
19+ years in statutory audits, M&A, commercial due diligence, and forensics at EY, KPMG, Baker Tilly, and Andersen Global. Leads forensic data analytics and anti-bribery/corruption due diligence for PE firms. CA from ICAI; independent director of a listed company in India.
Khushboo Shahani
Executive Director
13+ years in alternative assets with USD 1B+ in investments across PE, private credit, and special situations. Focuses on circular economy and climate impact sectors at Eversource. Previously VP at Everstone Capital Advisors (USD 150M+ deployed) and Chief Manager at SBI Funds Management. MBA from SP Jain IMR; BCom from St. Francis College Hyderabad.
Siddharth Gauba
Executive Director – Operations
15+ years in business transformation and growth programs. Works with deal teams and portfolio leadership on value creation. Previously at Accenture Strategy and Amazon. BE and ME from Cornell University; PGP from Indian School of Business.
Nandini Pathak
SEBI Contact Person
Anooshree Sinha
Managing Director - General Counsel
16+ years in PE, M&A, and investment funds. Previously counsel and partner at leading Indian law firms; worked with an international microfinance fund in Boston. Extensive experience structuring PE funds, co-managed structures, feeder funds, and AIFs. BA LLB (Hons) from NLSIU Bangalore; LLM from Harvard Law School. Admitted in India and New York.
Nick Boyle
Co-founder and ex-Group CEO of Lightsource BP
Paul McCartie
Co-founder and ex-Group Chief Investment Officer of Lightsource BP
Aditya Ghosh
AdvisorIndependent Director - Greencell
Bahram Vakil
AdvisorDirector - Eversource
Kuldip Kaura
AdvisorChairman - Radiance
Ranjan Mathai
AdvisorDirector - Eversource
Rituparna Chakraborty
AdvisorIndependent Director, Lithium
Mili Majumdar
AdvisorSenior Advisor
Vikram Limaye
AdvisorSenior Advisor
V S Parthasarthy
AdvisorIndependent Director - Greencell
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