Himalaya Wealth Managers has launched a ₹500 crore alternative investment fund (AIF) focused on small and medium enterprises (SMEs) in manufacturing and deeptech sectors, according to livemint.com. The fund aims to back growth-stage businesses in areas such as aerospace, defence, industrial automation, and healthcare.
The Category I AIF will target profitable SMEs seeking investments ranging from ₹25 crore to ₹40 crore. Himalaya Wealth plans to deploy capital selectively to companies demonstrating strong growth potential in manufacturing-led industries, reflecting rising investor interest in these sectors. The fund’s launch follows a strategic assessment of market opportunities in deeptech and related fields.
This fund launch comes amid increasing attention on manufacturing and technology-driven SMEs, which are seen as critical to India’s industrial growth and innovation ecosystem. Similar funds have emerged recently to support sectors like aerospace and defence, which require substantial capital and expertise. Himalaya Wealth’s ₹500 crore commitment positions it among notable investors backing growth-stage SMEs in these specialized domains.
Looking ahead, Himalaya Wealth is expected to begin deploying capital to select SMEs shortly, focusing on companies with scalable business models and profitability. The fund’s progress and investment choices will be closely watched as indicators of investor confidence in manufacturing and deeptech sectors. Further announcements on portfolio companies and investment milestones are anticipated in the coming months.