Multiples Alternate Asset Management

Multiples Alternate Asset Management is an independent, India-focused private equity firm that specializes in investing in mid-market companies across diverse sectors. Founded in 2009 by Renuka Ramnath, the firm manages close to $3 billion in assets and has a portfolio of 30 companies across three funds. Their investment approach is characterized by a deep understanding of the Indian business environment, enabling them to act swiftly and make distinctive investments across various sectors and stages of business development. The firm has built a credible reputation and a deeply entrenched network of relationships in corporate India, allowing them to win deals of choice and drive positive change in their portfolio companies. Their flexible investment approach covers varied sectors and situations, ranging from minority investments to buyouts, and they actively engage with entrepreneurs and management teams to unlock the true potential of businesses. Their business philosophy is anchored in clearly defined values, embedded in their processes, investment frameworks, and a shared understanding of what constitutes a 'Multiples deal.'

In March 2024, Multiples, alongside Advent International, invested $230 million in Svatantra Microfin, an Indian non-bank microfinance lender. This investment underscores their commitment to supporting financial inclusion and empowering underserved communities in India. The firm's portfolio includes notable companies such as Delhivery, PVR Cinemas, and Dream Sports, reflecting their focus on sectors with significant growth potential. Their investment strategy emphasizes partnering with exceptional entrepreneurs and management teams to create transformational growth, leveraging their market reputation and deep network to drive positive change in their portfolio companies.

Multiples Alternate Asset Management continues to be a leading player in the Indian private equity landscape, demonstrating a strong track record of wealth creation in partnership with entrepreneurs and investors. Their ongoing commitment to responsible investing and active engagement with portfolio companies positions them as a key contributor to India's economic growth and development.