The fund aims to back high-growth SMEs across sectors such as aerospace & defense, healthcare, industrial automation, renewable energy, EVs, agri-tech, and semiconductors
FinTech BizNews Service
Mumbai, 27 May, 2026: Himalaya Wealth Managers LLP, has announced the launch of Himalaya SME Scheme-I, a SEBI-registered Category I Alternative Investment Fund (AIF). With a target corpus of Rs250 Crore and an additional Rs250 Crore as green shoe option, the fund aims to invest in high-growth small and medium enterprises (SMEs) across India, thus bridging the ‘Equity Risk Capital Gap’ in the Indian SME sector. It also targets gross IRR of 20%+, driven by disciplined investing, structured transactions, and active value creation.
Himalaya SME Scheme-I will focus on growth-stage businesses with proven models, providing not just capital but also governance, strategic guidance and operational support. Himalaya SME Scheme-I aims to generate attractive returns through disciplined investing, structured transactions and active value creation.
The fund will invest across sectors benefiting from India’s structural tailwinds, such as aerospace and defense, industrial automation, healthcare and life sciences, agri-tech and food processing, electronics and semiconductors, renewable energy and electric vehicles.
Led by industry veterans Deena Mehta, Manohar Lal Vij, Asit C Mehta and Jatin Tehri, the fund draws on over 135 years of cumulative experience spanning equity and debt capital markets, SME financing and specialized corporate advisory areas such as M&A, forensics, and due diligence.
Commenting on the launch of the fund, Ms. Deena Mehta, General Partner and Investment Director, “Himalaya Wealth Management Fund said, “India’s SMEs are entering a phase of rapid formalisation and scale. Yet, a significant equity risk capital gap continues to constrain the ability of high-potential enterprises to scale sustainably. Through Himalaya SME Scheme-I, we aim to address this gap by partnering with niche market leaders that demonstrate strong cashflow visibility, high switching costs, and durable competitive moats. Our depth of institutional expertise and rigour in the investment process will be material differntiator. The fund is positioned to partner with high-quality businesses and help them transition into institutionally governed, high-growth enterprises.”
The fund will focus on growth-stage SMEs with proven models, providing not just capital but also governance, strategic guidance, and operational support.
About Himalaya Wealth Managers LLP:
Himalaya Wealth Managers LLP is an India-focused investment management firm dedicated to enabling responsible wealth creation through strategic investments in high-growth small and medium enterprises (SMEs). As the Investment Manager to Himalaya SME Scheme-I, a SEBI-registered Category I AIF – SME Fund, the firm focuses on identifying scalable businesses with strong fundamentals, governance potential, and long-term value creation opportunities.
The firm combines deep capital markets expertise, institutional governance practices, and hands-on operational mentoring to help emerging enterprises transition into professionally managed and sustainable institutions. Himalaya Wealth Managers LLP follows a disciplined investment philosophy centered on rigorous due diligence, sector-focused investing, active portfolio engagement, and structured exit planning. Led by seasoned professionals with extensive experience across private equity, investment banking, restructuring, governance, and SME financing, the firm leverages its strong industry network and institutional approach to create long-term value for investors and investee companies alike. Himalaya Wealth Managers LLP is committed to supporting India’s entrepreneurial ecosystem by bridging the equity capital gap for promising SMEs aligned with the country’s structural growth priorities.
