India SME Growth Fund — Systematix Group | Wisefolio

India SME Growth Fund

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

India SME Growth Fund (IN/AIF1/18-19/0608) is a SEBI-registered Category I AIF (Series 1), registered October 2018, managed by Systematix Asset Management Company Private Limited (CIN U65999MH2006PTC266349) — a wholly-owned subsidiary of Systematix Group. The fund is sponsored by Systematix Corporate Services Limited (NSE/BSE listed; CIN L91990MP1985PLC002969), which has committed INR 10 crore as sponsor. The fund invests in SME and early-growth companies, focusing on pre-IPO, SME exchange listed, and high-growth SMEs. Systematix Group is a full-service financial services conglomerate encompassing broking (NSE/BSE/MSEI/MCX/NCDEX), depository services, PMS, investment advisory, NBFC operations, and venture capital. The fund is registered at The Capital, A Wing, 603-606, 6th Floor, Plot C-70, G Block, BKC. Systematix also manages the Systematix Venture Capital Trust (IN/VCF/10-11/0197). A successor fund, India SME Growth Fund Series 2, has been approved by SEBI (Sep 2025) — its investment manager is the newer subsidiary Systematix Wealth & Asset Services Private Limited.

Investment philosophy

Systematix's SME investment strategy focuses on companies in their growth phase that are transitioning toward public markets — including pre-IPO equity, SME exchange listed companies, and high-growth SMEs. The fund leverages Systematix Group's deep capital markets infrastructure (broking, research, banking relationships, advisory) to identify, invest in, and exit SME opportunities. The approach combines institutional-grade diligence with active portfolio management to build businesses toward NSE/BSE mainboard listing.

Team5

Rakesh Mehta

Board

Independent Non-Executive Director, Systematix Corporate Services Ltd; Director, Systematix Ventures Pvt Ltd; SEBI Contact Person (India SME Growth Fund)

Rakesh Mehta serves as Independent Non-Executive Director at Systematix Corporate Services Limited and Director at Systematix Ventures Private Limited (both since 2018), serving as the SEBI contact person for India SME Growth Fund. He brings independent oversight to the fund's governance.

Priyanka Khandelwal

Board

Wholetime Director

Anju Khandelwal

Board

Director

Vijay Gautam

Board

Independent Director

Ganesh Ramanathan

Board

Independent Director

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF1/18-19/0608

RegisteredOct 2018 (8 years ago)

Valid untilPerpetual

Contact personRakesh Mehta

AddressThe Capital A Wing No 603 to 606 6th Floor Plot No C 70, G Block Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, 400051

Investment manager

Insights

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Disclaimer

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