Gaja Alternative Asset Management IPO
GMP, Subscription, Price, Dates & Financial Details

Gaja Alternative Asset Management Limited, incorporated in April 1999, is an independent, home-grown alternative asset management company with more than two decades of experience in managing and advising India-focused investment funds. The Company has expertise across Category I and Category II Alternative Investment Funds (AIFs), as well as offshore funds investing in India.

The Company focuses on alternative investments in the mid-market segment, with sectoral expertise spanning education, energy and environment, financial services, consumer businesses, and digital technology. Its differentiated investment strategy is centered on identifying businesses with strong growth potential and partnering with management teams to create long-term value.

Investment Track Record

Gaja Alternative Asset Management has established a strong investment track record across multiple fund cycles. The Gaja Capital Funds, including Fund II, Fund III and Fund IV, have been supported by long-standing relationships with institutional and other investors across more than 20 countries.

As of March 31, 2026, the Company had committed approximately ₹274 crore as Sponsor Commitment, representing 6.41% of the aggregate size of the Gaja Capital Funds. This sponsor commitment demonstrates the Company's alignment with its investors and its continued participation in the funds it manages.

Revenue and Business Model

The Company's principal sources of income comprise:

• Management fees earned for managing and advising investment funds;
• Carried interest generated from the performance of funds and successful investments; and
• Gains from sponsor commitments, arising from the Company's investments alongside the funds.

Through this model, Gaja Alternative Asset Management seeks to participate in the economic value created by the funds under its management and advisory platform.

Investment and Value-Creation Approach

Gaja Capital follows an “invest-and-collaborate” approach, whereby the investment team works closely with portfolio companies beyond providing capital. The Company actively supports portfolio businesses in key areas such as product development, sales and marketing, human resources, financial management and overall business strategy.

This hands-on approach enables the Company to work collaboratively with portfolio-company management teams to strengthen operations, accelerate growth and build sustainable businesses.

Human Capital

As of March 31, 2026, Gaja Alternative Asset Management had a total workforce of 37 personnel, comprising 23 permanent employees and 14 contractual employees. The Company's experienced team forms an important part of its investment and portfolio-management capabilities and supports the execution of its India-focused alternative investment strategy.

Overall Profile

With a history dating back to 1999, multiple fund cycles, a diversified sector focus and long-standing relationships with investors globally, Gaja Alternative Asset Management has developed a differentiated position in India's alternative investment ecosystem. Its focus on the mid-market segment, combined with an invest-and-collaborate model and meaningful sponsor commitments, enables the Company to align its interests with those of its investors while actively contributing to the growth and development of its portfolio companies.