Gaja Alternative Asset Management Limited files Confidential DRHP for IPO

Gaja Alternative Asset Management Limited which operates under the brand Gaja Capital has filed a confidential draft red herring prospectus with the regulator for an initial public offering.

Founded in 2004, It provides growth capital to companies spanning sectors including the education, consumer, and financial services sectors.

In January 2025 the company converted from private to public limited changing its name to Gaja Alternative Asset Management Ltd.

The company raised Rs. 125 crore in pre-IPO fund-raising round earlier this month, at a valuation of Rs 1,625 crore.

The fresh issue proceeds are believed to be intended to provide the fund managers’ capital to seed new funds and extend distribution capabilities in India and abroad. It will be used to expand into new fund management strategies. The IPO will help the company get listing benefits and gain enhanced visibility for its brand.

Gaja Capital is one of India’s leading PE/alternative asset management companies, focused on providing growth capital to ambitious entrepreneurs building the future champions of the Indian economy. Founded in 2004, Gaja Capital has established itself as India’s first institutional and independent private equity firm with a strong track record of performance and value creation. Gaja Capital is recognised as a partner of choice by emerging Indian companies and top-tier global and domestic institutional investors. The Board of Directors is chaired by Mr. U.K. Sinha (Non-Executive Chairman), with non-executive board members including Mr. Shailesh Haribhakti, Mr. Prithvi Haldea, Mr. Manish Sabharwal, Mr. Arindam Bhattacharya and Ms. Shital Mehra. Executive board members include the founders Gopal Jain, Ranjit Shah and Imran Jafar. Some of Gaja Capital’s investments include Teamlease, Lighthouse Learning, RBL Bank, John Distilleries, Xpressbees, Ei, Leadsquared and Signzy.