Our strategy is clear: partner with profitable, governance-ready Indian SMEs, build institutional depth through an active operational playbook, and create sustainable value over a 3–5 year partnership horizon.
We focus on a specific, well-defined segment of India's economy: profitable mid-market enterprises with strong fundamentals, proven business models, and clear pathways to public markets — where our capital and operational expertise can create the most meaningful impact.
Explore Our SectorsWe are not passive capital. From day one, Krit works as an embedded operational partner — executing a six-pillar programme designed to transform good SMEs into great, investor-grade businesses built for sustainable long-term growth.
We recruit CFOs, COOs, and domain experts from listed peers — giving portfolio companies the institutional-grade management layer that public market investors demand before backing a listing.
Monthly MIS reporting, internal audit programmes, and board-level financial oversight built to the standards expected by SEBI, rating agencies, and institutional investors.
Appointment of Big 10 audit firms, independent directors, and robust compliance frameworks. Governance transformation is a priority — not a checkbox — and begins on day one of our engagement.
Crafting the investor relations narrative, building brand credibility, and driving institutional media visibility — ensuring the company enters the public market with strong analyst and investor recognition.
JV structuring, export market entry, disciplined capex planning, and strategic partnership development — expanding the story beyond current operations to justify public market valuations.
Identifying new geographies, distribution partnerships, and strategic alliances — expanding the SME beyond its current market to build a compelling and diversified revenue story for the next phase of growth.
Our screening is designed to surface India's highest-quality SMEs from a wide pipeline. We apply a people-and-culture lens first, then validate with financial and sector analysis before proceeding to investment committee.
We invest with a clear liquidity plan, but remain flexible in how and when returns are generated. Capital return follows value creation — and we maintain four well-defined channels for structured liquidity.
Listing on BSE/NSE mainboard or SME board — a natural milestone for governance-ready SMEs that have scaled to institutional standards, unlocking broader capital access.
Sale of Krit's stake to a larger PE fund, family office, or institutional investor seeking an established, de-risked SME with a proven growth track record.
Structured merger into a listed shell or SPAC vehicle — a faster path to public market status for companies with strong fundamentals but early-stage IPO readiness.
Sale to a strategic acquirer — domestic or international — at a premium valuation. Particularly relevant for companies in sectors with active consolidation dynamics.
The following represent anonymized examples of the type of SME value creation opportunities our strategy targets — drawn from real market transactions across Krit's sectors of focus. All figures are illustrative.
3.3× valuation re-rating in progress ahead of next institutional round. Driven by order book growth and governance upgrade.
SME GrowthSignificant re-rating on back of sector tailwinds, expanding order pipeline, and improved institutional visibility.
SME Growth4.4× re-rating delivered at mainboard IPO. Governance restructuring and brand investment directly drove listing premium.
Public ListingEntered at deep discount to sector multiple. Public market comparables trading at 5–6× the entry multiple, indicating substantial embedded upside.
SME Growth5× re-rating driven by renewable capacity scale-up and strategic M&A. Thesis validated through portfolio growth and sectoral recognition.
Strategic M&A5× re-rating ahead of next fundraise. Institutionalization of operations and management team depth drove valuation expansion.
Growth Round2.5–2.7× re-rating at IPO. Strong data infrastructure narrative and BRLM engagement drove robust institutional subscription.
Public ListingEntered at TTM PE of 10; comparable listed companies trade at 40× — evidencing 4× embedded multiple expansion at IPO.
SME GrowthAll transactions shown are representative and anonymized for illustrative purposes. Company names withheld. Past performance or comparable transactions do not guarantee future results.
We work closely with investment bankers, advisors, and founder communities to source proprietary opportunities. If you have a company that fits our criteria, we would like to hear from you.