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Piramal Alternatives

Piramal Alternatives

Mumbai, Maharashtrapiramal.com

Overview

Piramal Alternatives is the fund management and institutional capital provider arm of the Piramal Group. It offers tailored capital solutions, including pure credit and structured investments, to mid-market companies in India to support business transformation, turnarounds, and growth. The firm manages several flagship funds, such as the India Resurgence Fund (a joint venture with Bain Capital), the Piramal Performing Credit Fund, the Hybrid Growth Private Equity Fund, and the India Access Fund (a private equity fund of funds). It also acts as a Limited Partner (LP) by investing in other Indian fund managers through its India Access Fund.

Portfolio Companies

5

Investments

Piramal Alternatives investments
CompanyDateStageLead
Euler MotorsMay 2025Series DCo-investor
3Gen Consulting ServicesDec 2024Series BLead
Euler MotorsMay 2024Series C ExtensionLead
Annapurna FinanceMay 2024SecondaryLead
PMI Electro MobilityOct 2023Convertible DebtLead

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersMumbai, Maharashtra
Year FoundedN/A

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