Anchored by the Government of India, we are a collaborative investment platform for international and Indian investors

We believe in generating attractive risk-adjusted returns by efficiently operating our investments through economic cycles, while staying committed to sustainable investing principles.We manage over USD 4.3 billion assets under management through our funds: Master Fund, Fund of Funds and Strategic Opportunities Fund.

We ensure strong governance framework and best-in-class ESG practices for our organisation, portfolio companies and funds.

We leverage on our public partnerships through a dedicated team of professionals who collaborate with Government and private stakeholders on critical economic and investment matters that lead to policy reforms and creation of new investment opportunities in India.

We drive value creation in our investments by combining investing and operating experience across our team of 80+ professionals.

We believe that good governance is the bedrock of a successful, sustainable business. At NIIF, corporate governance is not just about legal structures, business controls, checks and balances; it is also about how the business is led and managed. The trust and the confidence that our investors and stakeholders have reposed in us is very important and lays the foundation of how we operate. We abide by our core values and follow robust, best-in-class governance standards with clearly defined roles and responsibilities that ensure accountability.

GOVERNING COUNCILWe enjoy strategic guidance from our Governing Council, which is chaired by the Hon’ble Finance Minister of India and comprises of eminent members from corporates, investments, and policy sectors. The Governing Council meets annually and provides guidance on the overall strategy of NIIF.

BOARD OF DIRECTORSWe have a professional Board to establish and review the business strategy that guides the business affairs of NIIFL. Our Board comprises of shareholder representatives and/or nominees and Independent Directors.

LEADERSHIP TEAMLed by an experienced management team with deep international and domestic experience in infrastructure, growth equity, fund operations and management, we have strong capabilities to execute the investment strategies of our funds.MEET OUR LEADERSHIP TEAM

INVESTMENT COMMITTEEThe Investment Committee (IC) of NIIF’s Funds comprises of senior management team members from NIIF and includes the Managing Director and CEO. The IC is responsible for all investments and divestment decisions and reviews investment performance periodically.

We invest capital at scale through direct and indirect investments in infrastructure and Indian growth equity with a focus on long-term value creation

The NIIF direct growth equity fund, The NIIF Strategic Opportunities Fund (SOF) is one of the largest India-focused growth equity fund.

SOF has been established with the objective to provide long-term capital to high-growth future-ready businesses in India. The fund’s strategy is to build a portfolio of large entrepreneur-led or professionally managed domestic champions and unicorns. SOF seeks to drive accelerated value creation, leveraging the NIIF ecosystem and its unique network of shareholders and partners.

OUR INVESTMENT STRATEGY SOF targets to invest in sectors that benefit from the changing business landscape in India as well as demonstrating intrinsic structural growth; excluding commoditized sectors, sectors lacking ESG orientation, and core infrastructure (which is invested by the NIIF Master Fund). Segmental leadership or leadership potential and sound corporate governance standards are important filters for portfolio company selection within SOF’s target sectors.

The fund invests through both active minority stakes and control-oriented/incubation deals. When investing in minority positions, SOF seeks to partner with entrepreneurs with a strong track record of value creation and robust governance and having a collaborative mindset. In control-oriented deals SOF aspires to invest in businesses managed by best-in-class management teams.

Our Differentiators SOF is a classic growth equity fund that is commercially and professionally managed by an investment team with extensive growth equity investing experience across several cycles. The team will leverage NIIF’s unparalleled networks and scale in India, and its strong governance frameworks, thus targeting significant value creation beyond its capital at work.

SOF will target to create domestic champions, with large-ticket growth capital and through the institutionalization of business leadership, financial discipline, and operational excellence. For SOF’s investors, the positioning of its portfolio companies as segment leaders should provide multiple options for exit at premium valuations.

Vision With significant investments in Infrastructure sector in coming years in India, there is a need for specialized infrastructure financing institutions providing debt finance to the sector at scale. We aim to build an AUM of over USD 10 billion over the next 5-6 years across greenfield, brownfield and refinancing of infrastructure debt through this investment.

Strategy and Approach SOF is building a scalable integrated financial services platform to fill the gap via two complementary entities - NIIF Infrastructure Finance Limited (NIIF IFL) and Aseem Infrastructure Finance Limited (AIFL), both being non-banking finance companies. The two together constitute the NIIF Infrastructure Debt Financing Business.

SOF has invested equity at scale across these two companies to enable them to be one of the largest players in the Infrastructure Debt Financing space. We operate with strong management teams, with robust governance processes including Environment, Social and Governance (ESG) norms as part of their lending processes.

NIIF Infrastructure Finance Limited (NIIF IFL): NIIF IFL provides takeout financing to operating infrastructure assets with satisfactory commercial operations, by refinancing loans originally taken for project development. This enables the original project financiers to recycle their capital.

SOF is the controlling shareholder in NIIF IFL which is now a leading NBFC-IDF (Infrastructure Debt fund) in the market. NIIF IFL is led by Sadashiv Rao, who has over 3 decades of experience in infrastructure debt finance.

SOF incubated AIFL in 2020 to complement NIIF IFL and create an Infrastructure financing company that can lend across the project life cycle.

AIFL has since built out a strong management team led by Virender Pankaj, an infrastructure debt industry veteran and has already built a diversified portfolio across with an ambition to be among the largest players in the sector.