Growth Capital · M&A Advisory · Structured Finance

Growth capital and M&A advisory for the founders driving India’s industrial transition.

Tatvā Growth Partners is a boutique advisory firm for founder-led and family-owned businesses in energy transition, electric mobility, sustainability and advanced manufacturing — raising ₹20–200 crore and building toward institutional scale.

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  • 20+ years of founder advisory & IB experience
  • 100+ advisory, policy & transaction mandates
  • 20+ governments advised — Central, State & Local
Executive Summary

A boutique advisory built on operating and origination experience.

Tatvā Growth Partners is a boutique growth-capital and M&A advisory firm serving founder-led and family-owned businesses across India’s industrial transition.

The firm is built on the founder’s 20-year track record of origination, structuring and execution across industry, private investors and governments — now organised into a dedicated advisory practice for growth-stage companies.

We measure success not by the number of transactions we close, but by the strength of the businesses our clients build afterward.
20+
Years of founder experience in advisory & IB
100+
Advisory, policy & transaction mandates
30+
Private-sector mandates — EV, DC, A&D, core manufacturing & sustainability
20+
Governments advised — Central, State & Local

Founder’s track record across advisory, investment banking and policy (2006–2026).

Market Context

India’s industrial transition is creating a growth-capital financing gap.

The Gap

  • Bulge-bracket and mid-market banks are structured for larger transactions, and allocate limited senior time to companies raising ₹20–200 crore.
  • Boutique intermediaries often stop at introductions — they are not built to carry a company through structuring, approvals and institutional readiness.
  • Founders in energy transition, mobility, sustainability and advanced manufacturing navigate policy, subsidy schemes and public-sector counterparties alongside private capital — a combination generalist advisors rarely understand well.

What Tatvā Provides

  • A founder-level advisor who combines sector fluency, capital-markets execution and government / policy relationships in one team.
  • A partner who stays engaged from early structuring through to institutionalisation — not one who exits after introductions.
  • A firm sized and focused specifically for the ₹20–200 crore range, where dedicated attention compounds into better outcomes.
Seed / Angel < ₹5 Cr
Early Venture & Private ₹5–20 Cr
Tatvā Zone Growth Capital ₹20–200 Cr
Institutional PE ₹200–1,000 Cr
Public Markets > ₹1,000 Cr

Illustrative capital spectrum; ranges are approximate and firm-defined, not sourced from third-party market data.

Where we partner

Company type
Founder-led businesses
Stage
Growth stage — past early venture, pre-institutional
Annual revenue
₹10 Cr – ₹250 Cr
Capital requirement
₹20 Cr – ₹200 Cr
Our Philosophy

First Principles, Always.

Tatva is a Sanskrit term for the fundamental essence, or core truth, underlying a thing. It reflects our founding conviction: every strategic and financial decision should be built up from fundamentals — unit economics, capital structure, market reality, regulatory context — rather than borrowed from precedent, trend or assumption.

01

Understand Before Advising

We build a first-principles view of the business — unit economics, competitive position and capital needs — before forming a point of view.

02

Structure Before Selling

The right capital structure and narrative are designed before a company is taken to market, not discovered during it.

03

Partner Before Transacting

We engage as an extension of the management team, so the relationship outlasts any single transaction.

“Every strategic decision should originate from first principles — not assumptions, trends, or conventional thinking.”
First Principles, Always.
Our Services

Advisory across the capital and strategy lifecycle.

From first-principles diagnosis to a closed transaction and beyond, we bring institutional rigour and a founder’s sensibility to every mandate.

Capital Solutions

  • Growth Capital
  • Mergers & Acquisitions
  • Structured Debt
  • Strategic Partnerships

Capital & Market Strategy

  • Capital Strategy
  • Fund-Raise Readiness
  • Investor Positioning
  • Business Model Review

Institutional Build

  • Financial Planning
  • Strategic Planning
  • Board Advisory
  • Value Creation
Sector Focus

Four sector buckets, one thesis: India’s industrial transition & sustainability.

We combine sector fluency with transaction craft, so your advisor understands both the deal and the business — and the policy landscape — behind it.

Energy Transition

  • Renewable Energy
  • Transmission & Distribution
  • Energy Storage / BESS
  • Power Electronics

Electric Mobility

  • EVs (2W / 3W / 4W / Bus)
  • Battery Technologies
  • EV Charging Infrastructure
  • E-Powertrain & Components

Sustainable & Industrial Tech

  • Advanced Manufacturing
  • Circular Economy
  • Data Center Ecosystem

Climate Tech

  • Industrial Sustainability
  • Emissions & Resource Efficiency
Our Engagement Process

A five-step process, repeated with discipline.

Deals succeed on preparation and process. Ours is structured, transparent and built to protect momentum from first diagnosis to institutionalisation.

  1. 01

    Diagnose

    First-principles review of the business, capital structure and readiness.

  2. 02

    Structure

    Design the capital solution and the strategic narrative.

  3. 03

    Position

    Prepare materials and identify the right counterparties.

  4. 04

    Execute

    Manage process, negotiation and closing.

  5. 05

    Institutionalise

    Embed governance and prepare for the next stage.

The Tatvā Triangulation

Our framework for how we create value on every engagement.

Capital Clarity

Right capital, right structure, right time.

Strategic Conviction

A first-principles narrative built to withstand diligence.

Execution Discipline

Process rigour, stakeholder management, closing certainty.

Track Record

Experience built across industry, private investors and governments.

20+
Years of experience
100+
Mandates advised
20+
Governments advised
₹20–200 Cr
Core capital range
Experience Snapshot

Recent & relevant mandates.

A snapshot of current and recent engagements across the firm’s focus sectors — growth fund raises, advisory and structured capital for founder-led companies. Certain client identities are withheld for confidentiality.

Energy Raised

Bacancy Systems

₹40 Cr
  • Advisory & growth fund raise
  • 2 major VC investors onboarded
  • End-to-end support
Mobility Live

Emerging eMotor Entity

₹150 Cr
  • Growth fund raise
  • 2 major VCs investing alongside existing investor
  • Support in partial fund raise
Mobility In Progress

Emerging eMotor Entity — Low Power

₹40 Cr
  • Growth fund raise (in progress)
  • Discussions under way
  • End-to-end support
Mobility Early

Emerging eMotor Entity

~₹3 Cr
  • Early fund raise
  • Quasi-strategic as investor
  • Support in fund raise
Energy Live

Data Center Ecosystem

₹100+ Cr
  • Advisory & growth fund raise
  • Multiple interests generated, process under way
  • End-to-end support
Mobility Live

EV Finance

₹100+ Cr
  • Growth fund raise
  • Support in partial fund raise
  • Process ongoing
Mobility Live

EV Charging

₹200+ Cr
  • Growth fund raise
  • Support in partial fund raise
  • Process under way

10+ additional mandates

  • Across EV, sustainability & manufacturing
  • Stages across Early, Growth & Pre-IPO
  • Connected across top VC, family offices, HNI & PE

Mandate details are indicative and certain client identities are withheld for confidentiality. Amounts denote total target / raised value. Representative experience is illustrative and not a guarantee of similar outcomes on future engagements.

Founder Profile

Led personally, from first conversation to final close.

An investment banker and management consultant with 20+ years of multi-sector experience across business advisory, M&A, fund raising and policy. He has built and led sustainability and future-mobility investment banking practices before founding Tatvā Growth Partners.

Career

  1. 2024 – 2026
    Steer Advisors
    President — Sustainability
  2. 2012 – 2024
    YES Bank
    President — Sustainability, Investment Banking
  3. 2008 – 2011
    Infrastructure Major
    Corporate Strategy
  4. 2006 – 2008
    Ernst & Young
    Advisory
Why Clients Choose Tatvā

Not a transaction intermediary. An extension of the management team.

Sector-Native Advisory

We understand unit economics and technology cycles in energy transition, mobility and sustainability, not just financial structuring.

Government & Policy Fluency

20+ Central, State and local government relationships mean we anticipate regulatory and subsidy dynamics other advisors miss.

Institutional-Grade Execution

Process discipline built advising large corporates and government counterparties, applied to growth-stage companies.

Founder-Level Attention

Every engagement is led personally by our founder — not handed to a junior team.

Next Steps

Let’s start with a conversation.

An introductory discussion on your business, objectives and capital needs — no cost, no obligation. Tell us a little about your company and a first-principles point of view will follow.

  1. 1

    Introductory Discussion

    A conversation on your business, objectives and capital needs — no cost, no obligation.

  2. 2

    Preliminary Diagnostic

    We review key business & financial information to form an initial point of view.

  3. 3

    Engagement Proposal

    A scoped proposal outlining approach, timeline and commercial terms.

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Every conversation is confidential and without obligation.