
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Madison India Opportunities Trust Fund is a SEBI-registered Category II Alternative Investment Fund (IN/AIF2/16-17/0257), registered in August 2016 and headquartered at 3 Sardar Patel Marg, Chanakyapuri, New Delhi. The fund is managed by Madison India Capital Advisors Private Limited, one of India's leading private equity investment firms. Founded in 2007 and operating out of New Delhi, Madison India Capital specialises in growth equity investments across the business services, consumer, financial services, healthcare, and technology industries. With over $1 billion in assets under management plus distributions, the firm has backed some of India's most prominent companies including Pine Labs, Lenskart, Star Health Insurance, Five-Star Business Finance, India Shelter Finance, MedGenome, and Gupshup. The Madison India Opportunities Trust Fund represents one of several fund vehicles through which the firm has deployed capital, with the fund series having progressed through at least five iterations (Madison India Opportunities I through V). The investment team has over 100 combined years of experience across private equity, investment banking, and strategy consulting, with backgrounds from institutions including Harvard Business School, IIT, and IIM. Madison India Capital is a signatory to the UN Principles for Responsible Investment (UNPRI) and a member of IVCA.
Surya Chadha
Managing Director
Surya oversees all investment activities at Madison India Capital Management. He has approximately 25 years of private equity investment experience across business services, financial services, consumer, healthcare, and technology. Prior to joining the firm, he worked at Sandler Capital, HarbourVest Partners, and Morgan Stanley Investment Banking. He holds an MBA from Harvard Business School and a BA from Hamilton College and BS from Columbia University.
Shailesh Mehta
Operating Partner
Shailesh has over 43 years of experience as an entrepreneur, Fortune 500 CEO, and venture and private equity investor. He is the former Chairman and CEO of Providian Financial (Fortune 300). He has been GP at Invesco Private Capital, WestBridge Capital, and Granite Hill Capital. He founded the SJM School of Management at IIT Bombay and holds a PhD from Case Western Reserve and B.Tech. from IIT Bombay.
Samir Shrivastava
Director
Samir evaluates and monitors investments across financial services, consumer, business services, healthcare, and technology. He previously worked in M&A at Kotak Investment Banking and as a consultant at PricewaterhouseCoopers. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Delhi.
Sushain Trehan
Director
Sushain evaluates and monitors investments across financial services, consumer, business services, and technology. He previously worked in M&A at Credit Suisse India. He holds an MBA from the Indian School of Business and a B.Tech./M.Tech. from IIT Delhi.
Mudit Gusain
Director
Mudit evaluates and monitors investments across financial services, consumer, business services, healthcare, and technology. He previously worked in financial advisory at Rothschild and co-founded Groots, a B2B online grocery platform. He holds a B.Tech. in Chemical Engineering from IIT Delhi.
John Biju
Vice President
John evaluates and monitors investments across financial services, consumer, business services, healthcare, and technology. He previously worked in the investment team at ARGA Investment Management and at Bain & Company's Performance Improvement Practice. He holds a B.Sc. in Physics (Honours) from St. Stephen's College, Delhi University.
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Shivas Kapoor
Associate
Shivas evaluates and monitors investments across financial services, consumer, business services, healthcare, and technology. He previously worked in the private equity team at Premji Invest and as an analyst at D.E. Shaw & Co. He holds an MBA from IIM Ahmedabad and a BBA (FIA) from Shaheed Sukhdev College, Delhi University.
Shubh Shah
Analyst
Shubh evaluates and monitors investments across financial services, consumer, business services, healthcare, and technology. He previously worked at RatnaTraya Capital and Morgan Stanley India's Sales & Trading division. He holds a B.Tech. in Chemical Engineering from IIT Bombay.
Arinjay Kapur
Ishan Bhatia
Aarushee Jain
Tan Jing Hang
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