Kalpavriksh Trust — Kalpavriksh Fund | Wisefolio

Kalpavriksh Trust

Scaling Proven Business Models.

Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.

Overview

About

Kalpavriksh Trust is a SEBI-registered Category II Alternative Investment Fund (reg. IN/AIF2/15-16/0202, LEI: 335800JL8LOJEOIT8Q72), registered in February 2016 and managed by The Acorn Fund Consultants Private Limited. Originally sponsored by Centrum Group — the diversified financial services conglomerate — the fund was acquired by Prowess Advisors in 2023, transitioning the sponsor from Centrum to Prowess. Kalpavriksh (Sanskrit for the 'wish-fulfilling divine tree') is a growth-capital private equity fund focused on scaling proven business models in Consumer Products & Services, Healthcare & Wellness, Technology-Enabled Businesses, and Support Services. The fund manages approximately ₹90 crore in assets and targets growth-stage companies with proven revenue, growth momentum, and a clear path to profitability. It is headquartered at Level 6, Centrum House, CST Road, near Mumbai University, Kalina, Mumbai 400098 — the registered address per the LEI record (c/o Acorn Fund Consultants). Portfolio companies include Dunzo, The Ayurveda Experience (exited 2024 at 6x+), BluSmart, The Label Life, HEAL (Littlemore Innovations), and others.

Investment philosophy

Kalpavriksh Fund's investment philosophy focuses on scaling proven business models with a clear plan to exit. The fund invests in emerging companies with proven revenue, growth momentum, and a clear path to profitability — backed by management and entrepreneurs with deep operational experience in their industries. The fund targets companies that can scale significantly with strategic, operational, and financial support over a 3-to-5-year horizon. Investment decisions are guided by a rigorous assessment of business model durability, market size, and management quality, with active post-investment support from the Acorn Fund Consultants team and the Prowess Advisors advisory network of food, agribusiness, and finance professionals.

Team5

Saransh Verma

Chief Investment Officer

Saransh Verma is the Chief Investment Officer of Kalpavriksh Fund at The Acorn Fund Consultants. An alumnus of IIM Indore, he has 14 years of experience spanning engineering, investment banking, corporate banking, corporate strategy, venture capital, and entrepreneurship, having worked with L&T, JP Morgan, Brand Capital/Times Group, and Menterra Ventures. Prior to Kalpavriksh, he led the Investment Banking division at Prowess Advisors.

Shailendra Apte

SEBI Contact Person (legacy)

Shailendra Apte was the SEBI-designated contact person for Kalpavriksh Trust at the time of its registration, reachable at s.apte@centrum.co.in, indicating the fund's original Centrum Group sponsorship.

Rajesh Srivastava

Board

Chairman and Director

Rajesh Srivastava is the Chairman and Director of Kalpavriksh Fund. A career corporate and investment banker, he was a founding member of Rabobank India with 23 years of dedicated experience in food and agribusiness — covering Corporate Banking, Corporate Finance, Strategic Advisory, and Private Equity. He has advised the Government of India and several state governments on agri and food processing strategies, and sits on CII's National Council and National Committees.

Rohit Bahadur

Board

Director

Rohit Bahadur is a Director of Kalpavriksh Fund and also leads Strategic Consulting at Prowess Advisors. An ISB Hyderabad alumnus, he began his career in Corporate Finance at Ernst & Young, then Management Consulting at Grant Thornton. He has worked in the Corporate Finance division of Yes Bank across direct credit, debt syndication, structured finance, and acquisition finance, and has advised organisations in Manufacturing, Construction, Telecom, Financial Services, and Sports sectors.

Steven Pinto

Board

Director

Steven Pinto is a Director of Kalpavriksh Fund and an industry veteran with over 50 years of Indian and global banking experience. He is the Chairman of Centrum Retail Services. He has previously held leadership positions at Citibank India, Commercial Bank of Oman, GE Capital, and Mashreq Bank across India, the Middle East, and globally. An alumnus of St. Xavier's College, Mumbai, and the Bajaj Institute of Management.

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF2/15-16/0202

RegisteredFeb 2016 (10 years ago)

Valid untilPerpetual

AddressLEVEL 6, CENTRUM HOUSE, CST ROAD, , NEAR MUMBAI UNIVERSITY, KALINA, Mumbai, Maharashtra, 400098

Investment manager

Kalpavriksh Fund

Insights

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Disclaimer

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