Elevating SME Investment : SKI Capital gets Green Light from SEBI forINR 600 Crore AIF
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SKI Capital Services Limited (SKI Capital), a thirty-year-old multifaceted financial services firm, is pleased to announce that it has received registration from the Securities and Exchange Board of India (SEBI) for its SME capital market-focused Alternative Investment Fund (AIF). The fund has a target corpus INR 600 crores and marks a new direction for SKI Capital's investment strategy.
This AIF registration strengthens SKI Capital’s position in the Indian finance sector and represents a significant opportunity to empower SMEs in the country. This new fund will help unlock the potential of SMEs by providing them with much-needed capital and strategic support.
As part of our mission, the fund plans to invest in the companies SKI Capital is taking public, thereby aligning its interests with those of the investors and the companies. This investment strategy is designed to provide a comprehensive financial solution for the growth of SMEs, giving them a competitive edge and creating long-term shareholder value.
"We are excited about the opportunities this fund will create for SMEs," says Narinder Wadhwa, Managing Director at SKI Capital. "With our deep understanding of the Indian market and strong financial expertise, we are confident that we can bring significant value to these businesses and our investors."
The Indian SME sector, a crucial driver of the nation's economic growth, has exhibited remarkable resilience and innovation, recording impressive growth rates over the years. Despite this, many fast-growing SMEs are experiencing a critical shortage of equity capital, hindering their ability to scale operations, upgrade technology, or enter new markets.
“The potential market size of equity capital for SMEs in India is substantial. As of 2023, the SME sector contributes around 40% to the country's GDP, reflecting a significant demand for financial support. As the number of SMEs in India continues to grow - currently estimated at over 63 million - the need for equity capital is predicted to increase substantially.”
In light of this, SKI Capital continues to remain committed to supporting and driving the growth of SMEs in India. The fund aims to tap into a vast, underserved market, unleashing the untapped potential of these dynamic enterprises and propelling India's economic growth to new heights.
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