LIC Housing Finance AMC

Institutional Capital. Disciplined Investing. India Growth Opportunities.

Established in 2008
Promoted by LIC Housing Finance Limited, part of the LIC Group
Registered with IFSCA as a Fund Management Entity (Non-Retail), with a GIFT City branch

AIF

Overview

About LIC Housing Finance AMC

LICHFL Asset Management Company Limited is the private equity and alternative investments platform of the LIC Group, focused on creating long-term value across housing, infrastructure, and real assets. LICHFL AMC was established in 2008 to address the growing need for institutional capital in India's housing, infrastructure, and emerging real asset sectors. LICHFL AMC is promoted by LIC Housing Finance Limited, part of the LIC Group. The firm benefits from the credibility and institutional strength of the LIC Group.

Investment philosophy

LICHFL AMC invests through risk-aware, structured strategies across India's priority growth sectors, with a focus on downside protection and sustainable returns. The firm's approach combines institutional discipline with market insight to identify opportunities that deliver consistent, risk-adjusted returns. The firm invests across different stages of project development, ensuring diversification while maintaining a strong focus on capital preservation and downside protection. Risk management is integral to the firm's investment strategy. The firm runs a multi-layered due diligence process, continuous monitoring of project performance and structured exit mechanisms. This ensures a controlled risk environment while delivering consistent returns. The investment process covers origination and screening, due diligence, structured investment execution, active portfolio monitoring and planned exit strategy.

AIF funds1

Lichfl Housing & Infrastructure Trust

Registered 2017

Cat I16 in team

Team22

Devojit Sanyal

Director & Chief Executive Officer

Shri Devojit Sanyal is Director and CEO of LICHFL Asset Management Company Limited. He leads the firm's private equity and real estate investment management activities across all fund vehicles. He is a graduate of Birla Institute of Technology and is based in Mumbai.

Ujwal Parekh

Chief Investment Officer

Ujwal Parekh joined LICHFL AMC as Chief Investment Officer in September 2025, responsible for driving investment strategy, fundraising, AUM growth, and steering the firm toward an eventual AMC listing. He previously spent a decade at Nippon India Mutual Fund / Nippon Life India AIF as National Lead – Real Estate Investments, specialising in real estate private equity, structured credit, project finance, and construction finance. Earlier in his career he was a Senior Consultant at Ernst & Young Global Consulting Services. He is a Chartered Accountant and earlier worked at Milestone Capital and Landmark Capital Advisors.

Kanchan Vartak

Chief Financial Officer

Ashutosh Hegde

Senior Executive Vice President & Head – Investments; Principal Officer (GIFT City Branch)

Ashutosh Hegde is Senior Executive Vice President & Head – Investments at LICHFL AMC and serves as Principal Officer of the GIFT City (IFSC) Branch. A practitioner of sustainable investments with 22 years of investment experience and 11 years of operational background, he was instrumental in founding the LIC Group's private equity vertical and pioneered several real estate investment trends in India. He specialises in private equity, structured and mortgage finance for development and yield assets, and has raised over INR 13 billion across two real estate and infrastructure funds.

Sandhya Nambidi

Vice President Legal & Investments

Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.

LIC Housing Finance AMC

Overview

About LIC Housing Finance AMC

Investment philosophy

AIF funds1

Team22

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