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The firm plans to achieve the fund’s first close by mid-2027.
Also read: AI is rewriting the rules of investment for India's big-ticket players
SMTB has made a strategic equity investment in One Planet Partners and anchored the private equity fund managed by the firm.
The partnership will focus on high-growth Indian businesses benefiting from the country’s energy transition, expansion of new mobility solutions and manufacturing-led industrial growth, it said.
Founded in 2024, One Planet Partners was established by four investment professionals - Mukund Rajan and Bobby Pauly, who played key roles in launching and leading Tata Capital’s private equity business; Mrinalini Mirchandani, former McKinsey & Co executive and Sheetal Thakkar, who has investment experience at Blackstone and Tata Capital.
The firm will target mid-market companies with revenues of ₹200 crore to ₹2,000 crore, providing growth capital of ₹100 crore to ₹500 crore per investment. Its investment strategy spans energy, mobility and manufacturing, with a focus on businesses with attractive unit economics and the potential to scale, it said.
The firm has already…