We invest in small companies to generate significant returns. Our expertise lies in spotting, evaluating & investing in promising small & medium enterprises. We focus on high-growth small-cap companies in the SME sector, where opportunities for earnings growth are unparalleled. By combining this with a disciplined approach to downside valuation and strong fundamentals, we aim to deliver sustainable and rewarding investment outcomes.
At VentureX we believe that amidst countless market theories, one truth stands out clearly: the share price succeed its earnings and value creation potential. This principle, proven time and again through the history of stock markets, forms the foundation of our investment philosophy.
Our focus is on high-growth small-cap companies in the SME sector, where opportunities for earnings growth are unparalleled. By combining this with a disciplined approach to downside valuation and strong fundamentals, we aim to deliver sustainable and rewarding investment outcomes.
• At VentureX, we believe in backing the visionaries driving India’s growth story. As the nation moves toward becoming one of the top three global economies and a key contributor to world GDP, we focus on businesses that exemplify resilience, innovation, and entrepreneurial excellence.
• Consider Waaree Renewable Technologies, which leveraged its SME listing to emerge as a renewable energy leader during India’s clean energy transition. Or Thejo Engineering, the first company to list on NSE Emerge, which utilized the platform to access capital and scale its innovative engineering solutions. These companies demonstrate the entrepreneurial grit and adaptability that align perfectly with our investment philosophy.
We prioritize businesses with strong execution history, a competitive moat, and clear growth visibility favoured by sectoral tailwinds. Our disciplined approach ensures a balance between downside protection and maximizing long-term returns.
We invest not just in numbers but in narratives, drawing inspiration from the entrepreneurial spirit to emulate their vision. Embracing this perspective, we strive to invest with the foresight and determination that define entrepreneurial success.
This framework focuses on identifying SMEs with strong competitive advantages (moats), capable leadership, and a history of value creation, all at a reasonable price.
We start by building a strong thesis around a company using our proprietary LMVT framework. This framework allows us to identify businesses with solid fundamentals, scalable models, and a clear path to long-term value creation.
Timing is critical, and we strive to enter as early as possible, often at the pre-IPO or IPO stage. This ensures we position at the beginning of a company’s growth curve, maximizing the potential for returns as the business scales.
Our exit strategy is guided by clear principles. We step away when growth expectations are not met, when valuations become unreasonably high, or when corporate governance issues arise. These criteria help us preserve capital and maintain discipline in our investment decisions.
Our team consists of seasoned investment professionals, analysts, and strategists dedicated to helping you navigate the world of AIFs. With a wealth of
experience in financial markets, wealth management, and alternative assets, we bring expertise, innovation, and trust to every investment decision.
Rajesh Singla is one of the Fund Managers of VentureX, bringing over 7 years of specialized experience in finance and capital markets with a strong focus on early to growth-stage SME investments. He drives investment strategy, portfolio management, and long-term value creation across key sectors including consumer discretionary, technology, chemicals, and manufacturing. His certifications across NISM modules in Alternative Investment Funds (Category I, II & III) - AIF Managers highlight his commitment to compliance and governance of the highest standards.
Rajesh has led and structured equity fundraises across Pre-Seed to Series A stages, successfully channeling capital from domestic and international investors into high-growth ventures. Over the years, he has facilitated ₹50 Cr+ in primary capital raised and enabled ₹500 Cr+ worth of secondary transactions in marquee Pre-IPO, SME and unicorns, underscoring his strong network with HNIs, family offices, and institutional investors.
In addition to his finance expertise, Rajesh holds Bachelor in Technology & leverages over a decade of leadership experience at global technology companies like Accenture, Amazon, Snapdeal etc., combining technical acumen with strategic insight to identify and back transformative businesses.
Ishima Singla, CFA Level 1 and MBA (Finance & Accounting), is a finance professional with 14+ years of expertise in private equity valuation, investment due diligence, and financial analysis. As Chief Investment Officer at VentureX, she leads the financial analyst team, evaluating SMEs and identifying hidden opportunities in the private markets. She has conducted due diligence on over 2,500 SMEs/Mainboard companies and actively mentored entrepreneurs at leading institutions including IIT Kanpur, IIT Delhi, IIM Lucknow, and GIMs, sharing insights on fundraising and scaling businesses.
Earlier, Ishima spent a decade at Ernst & Young, advancing to Associate Manager, where she specialized in business valuation, purchase price allocation, and financial statement analysis across global mandates. With international exposure, strong analytical depth, and leadership in unlisted markets, Ishima combines technical expertise with strategic vision to deliver consistent value creation.
Maneesh Nath is a seasoned fund and portfolio manager with 20+ years of expertise in equity research, portfolio management, and value investing. As Portfolio Manager at VentureX, he oversees company and stock analysis, evaluating SMEs and uncovering high-potential opportunities in private markets.
Recognized globally as the #1 fund manager in his category on Preqin, he has consistently delivered superior, risk-adjusted returns. His career includes founding Century Capital Partners and senior roles at Markit Group and Capital One, combining global market insight with disciplined investment judgment.
At Arcstone Capital, Maneesh managed the Passage to India Opportunity Fund (PTIOF), a globally top-ranked small-cap & micro cap hedge fund. Under his leadership, PTIOF delivered 53% annualized returns vs. 13% for the benchmark, outperforming the USD-adjusted BSE India Small Cap Index by 480%+ from 2012–2017. His notable value picks, including Jyoti Resins and Astral, generated 50x–100x returns, cementing his reputation for identifying transformative opportunities.
Seasoned HR professional with 14 years of extensive experience in managing the complete employee life cycle.
With over 18 years of experience in the mutual fund industry, expertise in sales and distribution. Study -B.Com, I have built a strong career in driving growth and managing investor relationships across the wealth management ecosystem.
Given the consistent outperformance, even a modest allocation to SME’s within a portfolio has the potential to significantly boost overall returns and push them towards superior, risk-adjusted performance.
Analysis of both absolute returns and Compound Annual Growth Rates (CAGR) over a 6-year period, demonstrates a compelling trend: Small and Mid-sized Enterprises (SMEs) have consistently surpassed the performance of established benchmarks like the Nifty 50 and the Nifty Small Cap 100.
This superior performance translates into positive alpha, a key metric indicating an investment's ability to generate returns that exceed those of the broader market. In simpler terms, by investing in SMEs, shareholders have enjoyed significant returns that outperform the market average.
"It's not the big that eats the small – it's the fast that eats the slow." - Ishmael Khalidi
SME Listings
Migrated to Mainboard (~30%)
# of companies giving more than 33.42% CAGR
Average Time for Migration to Mainboard
Name | Listing Date | Listing Price(₹) | Current Price(₹) | Holding period(Yrs) | Absolute Return | CARG Return |
|---|---|---|---|---|---|---|
Aditya Vision Ltd | 12 Dec 2016 | 15 | 4,409 | 7.7 | 29,293% | 110% |
Insolation Energy Ltd | 10 Oct 2022 | 38 | 3,108 | 1.8 | 8,079% | 986% |
Waree Renewable Technologies Ltd | 09 Aug 2012 | 22 | 1,502 | 12.0 | 6,726% | 42% |
Suyog Telematics Ltd | 22 Jan 2022 | 25 | 1,455 | 10.6 | 5,719% | 47% |
Nintec Systems Ltd | 18 Apr 2016 | 10 | 506 | 8.3 | 4,964% | 60% |
We invest in high-growth small-cap companies within the SME sector, focusing on their potential for substantial earnings growth. A disciplined evaluation of valuation and fundamentals ensures consistent and sustainable results.
We target emerging sectors with limited competition, prioritizing businesses capable of gaining market share during high-growth phases. Investments are made at attractive valuations compared to listed peers.
Our approach emphasizes multiple clear exit opportunities, typically within 6 months to 5 years, ensuring optimized returns and portfolio liquidity.
We seek companies led by experienced management with proven track records, strong promoter backing, and strategic growth potential, ensuring alignment with long-term value creation goals.
Every investment undergoes detailed analysis, focusing on competitive strengths, expansion plans, and financial health to ensure sustainable growth and resilience.
Investing in India's booming SME sector, fueled by government support and poised for explosive growth, could be a game-changer for your portfolio.
India's SME sector has been a powerhouse of progress for years, steadily contributing a significant 30% to the nation's GDP. Now, with the government's booster shot of pro-SME policies – easier loans, tax benefits– the future is even brighter!
As India races to become $ 7 trillion by 2030, SMEs are primed to be game-changers, delivering exceptional performance and helping India become a thriving export hub.
Section 43B(h) ensures payment to SME suppliers within 45 days
₹ 5 lakh Cr through (ECLGS)
₹ 50,000 crore equity infusion through SME Self-Reliant India Fund
Make in India, ODOP, PLI and other schemes to benefit SME growth
India is expected to cross the $5 trillion mark by 2026-27 and likely to remain the fastest growing large economy
Rising disposable income in India is leading to a surge in domestic consumption. This translates directly into increased sales and growth for SMEs.
India's young population is a massive consumer base, creating a ready market for SMEs. "China + 1" strategy: As companies look to diversify their supply chains beyond China, India presents a promising alternative, opening doors for Indian SMEs.
India's current export share falls well below the global average for large economies. This presents a lucrative trillion-dollar opportunity for SMEs to expand their reach and tap into new markets.
This framework focuses on identifying SMEs with strong competitive advantages (moats), capable leadership, and a history of value creation, all at a reasonable price.
This framework focuses on identifying SMEs with strong competitive advantages (moats), capable leadership, and a history of value creation, all at a reasonable price.
Our success is driven by an exceptional team of industry experts, analysts, and investment professionals dedicated to delivering superior results.
Name of the Fund/Scheme | VentureX Fund I |
Proposed Size of the Fund | 250 Crores |
Size of the Green Shoe (Optional) | 250 Crores |
Tenure of the Fund | 10 + 2 years |
First Closing of the fund | February 28, 2025 |
Final Closing of the fund | 60 Months from the first closing |
Money Call | 10 Lakhs/Qtr. (40 Lakhs/yr, 1 Cr in 2.5 years) |
Investor Commitment Period or Drawdown Period | 10% of the commitment amount in every qtr |
Exit | Distribution Waterfall: When a company profit is booked from portfolio companies and needs to be distributed to all Contributors |
Sponsor Capital Commitment | 2.5% of the Corpus or 5Cr. whichever is lower |
Fund Investment Theme | SME (Anchor Investment Placement & Secondary Investment) |
Proposed investment by Sponsor/ Investment | Close Ended, Long-Only Cat-1, Alternative Investment Funds |
Our success is driven by an exceptional team of industry experts, analysts, and investment professionals dedicated to delivering superior results.
Classes | E1 | E2 | E3 | E5 | E10 | E25 | E50 |
|---|---|---|---|---|---|---|---|
Minimum Capital | 1 Cr | 2 Cr | 3 Cr | 5 Cr | 10 Cr | 25 Cr | 50 Cr |
Management Fees | 2% | 2% | 2% | 1.75% | 1.50% | 1.25% | 1.00% |
Setup Fees | 0.50% | 0.25% | 0% | 0% | 0% | 0% | 0% |
Opex | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% | 0.10% |
Hurdle Rate | 12% | 12% | 12% | 12% | 12% | 12% | 12% |
Carry | 80% | 80% | 80% | 80% | 85% | 90% | 90% |
Catchup | 25% | 25% | 25% | 25% | 25% | 25% | 25% |
Picture this: You start with an investment of ₹1,000 crore and it doubles to ₹2,000 crore in just 1 year. Exciting, right? Let’s break it down step by step and analyze the returns for unit holders.
All figures in ₹ Cr
Particular | Investor | Investment Management |
|---|---|---|
Towards 100% repayment of capital contribution for unit holders | 100 | |
Toward hurdle rate (12%) on capital invested | 12 | |
Towards catch up rate on capital invested (25%) | 3 | |
Allocation of distribution proceeds in excess of capital contributed hurdle rate and catch-up to unit holders of each class (carry) | 68 | 17 |
Total distribution being made to unit holders excluding capital | 80% | 20% |
Total distribution being made to unit holders | 180 | |
Net Absolute Returns in 5 years | 80 | |
CAGR Returns | 80% |
Now, picture the same ₹1,000 crore multiplying 5x to become an impressive ₹5,000 crore in 5 years. What does this mean for investors? Let’s dive into the distribution and understand the net gains.
All figures in ₹ Cr
Particular | Investor | Investment Management |
|---|---|---|
Towards 100% repayment of capital contribution for unit holders | 1000 | - |
Toward hurdle rate (12%) on capital invested | 762 | - |
Towards catch up rate on capital invested (25%) | - | 191 |
Allocation of distribution proceeds in excess of capital contributed hurdle rate and catch-up to unit holders of each class (carry) | 2438 | 609 |
Total distribution being made to unit holders excluding capital | 3200 (80%) | 800 (20%) |
Total distribution being made to unit holders | 4200 | - |
Net Absolute Returns in 5 years | 3200 | - |
CAGR Returns | 33% | - |
Reach out to us for personalized investment advice tailored to your financial goals.
Everything You Need to Know About Planify & Venture X
Office Address: MiQB, Plot 23, Sector 18 Maruti, Industrial Development Area, Gurugram, Haryana 122015
Registered Office Address: 1001, Block G1B, Pocket-1, Phase-2, Samriddhi Apartments, Dwarka Sector-18B, New Delhi-110078
Email: help@alphaaif.com • Phone: +91-93-1137-8001
Alpha Capital Pvt Ltd
Sponsor Name
Planify Venture LLP
Investment Manager
Fund Managers
VentureX SME Fund
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