# IDFC Private Equity

> IDFC Private Equity is a VC fund in Mumbai backing Renewable Energy and Solar. See 9 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Mumbai, India
- Total investments: 9
- Last investment: Jan 2019
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/idfc-private-equity
- Website: http://www.idfc.com/alternatives/private-equity/our-mandate.htm

IDFC Private Equity is a VC fund in Mumbai focused on Renewable Energy and Solar. IDFC is a leading finance company in India providing services ranging from infrastructure financing and infrastructure development.

## Contacts

5 contacts available for IDFC Private Equity. Shizune tracks 3 team members at IDFC Private Equity. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/idfc-private-equity?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Renewable Energy | 4 | 44% |
| Solar | 3 | 33% |
| Energy | 3 | 33% |
| Mobile | 1 | 11% |
| Rental | 1 | 11% |

22 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Private Equity | 4 | 44% |
| Series B | 2 | 22% |
| Post-IPO Debt | 1 | 11% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 6 | 67% |
| United Kingdom | 1 | 11% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Raja Parthasarathy | Managing Director | 6 | — |
| Satish Mandhana | Managing Director | 0 | — |
| S G Shyam Sundar | Managing Director | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Citykart | They are amongst the pioneers in setting up modern ambience stores or large retail malls across various small towns and cities like including Ballia (UP), Mirzapur (UP) and more.They offer wide range of fashion garments to each member of the family at the best possible price. CityKart prides itself in being a fashion store for the entirefamily. Everything at CityKart is exclusively merchandised and the products range of high fashioned clothes, accessories, footwear, toys, and luggage, household and home furnishing needs for men, women and children. People make trends. Trends make fashion. Taste changes both.They believe in good old traditional values, yet a contemporary outlook, fun, laughter, tons of shopping and enjoyable times for the entire family. Think Customers. Think one on one interaction They share a unique bond of friendship and mutual concern with all our customers. They care for you, and are always striving to provide you with tons of shopping, unlimited fun, and an experience that makes you feel like a star. They believe customer relationship is of prime importance for any enterprise and they always put our customers before everything else. | $11.9M | Private Equity | Jan 26, 2019 |  |
| Zolo | Zolo is a one-stop destination for individuals looking for shared accommodation options and provides managed co-living spaces. With an aim to provide a hassle-free long term living experience, it seeks to solve the problem of students and young professionals by elevating the traditional PG/service apartments/hostels and offering differentkinds of basic and luxury living amenities.Zolo was founded in 2015 and is headquartered in Bangalore, Karnataka, India. | $30M | Series B | Jan 07, 2019 |  |
| Mytrah Energy | Headquartered in London, UK, the Mytrah Group is focused on delivering sustainable energy in a world without subsidies. The group is privately owned and takes a long-term view of business, guided by strong corporate values and high ethical standards.Mytrah placed an India-focused subsidiary - Mytrah Energy Limited (MEL) - on the AIM segment ofthe London Stock Exchange in 2010, raising $80 million from institutional investors such as Capital Group, Blackrock and Henderson. Since then it has raised approximately $500 million of mezzanine and senior debt, to fund construction of over 550 MW of wind power in India by early 2014. In addition, MEL has a goal of owning 1500 MW of wind power by 2016. | $226.3M | Post-IPO Debt | Sep 13, 2017 |  |
| Regen Powertech | ReGen Powertech is committed to providing an alternate source of energy that is clean, green and sustainable. ReGen is the fastest growing Wind Energy Company in India in just 7 years of Commissioning its state of the art manufacturing facility at Tada,Andhra Pradesh. | $17.9M | Private Equity | Apr 01, 2012 |  |
| Moser Baer Solar | Established in 1983 in New Delhi, Moser Baer India Ltd (MBIL) is one of India's leading technology companies. MBIL has successfully developed cutting edge technologies to become the world's second largest manufacturer of optical storage media.Moser Baer Solar Limited (MBSL) and Moser Baer Photo Voltaic Ltd (MBPV) are subsidiaries ofMBIL involved in Solar business globally including India. Through both these companies Moser Baer serves customers across the solar value chain through world class products and services. In a short span of time since inception in 2005-2007 Moser Baer brand has taken a dominating position in Solar EPC Services and Solar PV modules in India and the world. | $92.5M | Series B | Sep 04, 2008 |  |
| KSK Power Venture | KSK Power Venture is a power project development company listed on Alternate Investment Market (AIM) of the London Stock Exchange. KSK operates in India through its downstream subsidiary, KSK Energy Ventures Limited (KSKEVL) which is currently listed on the National Stock Exchange and Bombay Stock Exchange in India. KSK's operations in theIndian Power Sector are powered by the growth opportunities it realizes and capitalizes on. | $97.4M | Private Equity | Jun 16, 2008 |  |
| CUGL | CUGL is a city gas distribution company that offers PNG domestic, PNG commercial & industrial and CNG gas. | $3.6M | Private Equity | Dec 01, 2006 |  |
| Medi Assist | Medi Assist offers a range of wellness programs and value-added services to corporate employees and individuals along with health benefits administration services including cashless claims management, reimbursements, pharmacy benefits, planned hospitalization, and more.With more than 21 years of experience in the healthcare sector, we are trustedby over 7,600 corporates across the country. Its robust technology and industry expertise followed by excellent service delivery models to retail and corporate policyholders make us one of the leaders of the wellness sector in the country. |  | Private Equity |  |  |
| Green Infra | Green Infra is a privately held company produces and provides renewable energy power in India. It focuses on wind, solar, hydro, biomass, and energy efficiency verticals. |  | Private Equity |  |  |

9 of 9 investments shown.

## Co-investors
- AION Capital Partners — VC Fund, 1 deal together
- APG Asset Management — VC Fund, 1 deal together
- [Apollo](https://shizune.co/investors/profile/apollo-global-management-llc) — VC Fund, 1 deal together
- [Asian Development Bank](https://shizune.co/investors/profile/asian-development-bank) — VC Fund, 1 deal together
- bank of america merrill lynch — VC Fund, 1 deal together
- [British International Investment](https://shizune.co/investors/profile/cdc-group) — VC Fund, 1 deal together

## Similar investors

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- [YFM Equity Partners](https://shizune.co/investors/profile/yfm-equity-partners) — VC Fund
- [Fondaction](https://shizune.co/investors/profile/fondaction) — VC Fund

## FAQ

### What does IDFC Private Equity invest in?

IDFC Private Equity invests primarily in Renewable Energy, Solar and Energy startups, most often at Private Equity and Series B stage. Most of the 9 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact IDFC Private Equity?

Public channels for IDFC Private Equity include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at IDFC Private Equity?

The team at IDFC Private Equity includes Raja Parthasarathy (Managing Director), Satish Mandhana (Managing Director) and S G Shyam Sundar (Managing Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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