Himalaya Wealth Managers Launches Rs 500 Crore SME-Focused Alternative Investment Fund
Himalaya Wealth Managers has launched Himalaya SME Scheme-I, a Rs 500 crore Category I Alternative Investment Fund targeting growth-stage SMEs in sectors like aerospace, defence, deeptech, healthcare, industrial automation, electronics, and renewable energy. The fund aims to bridge the equity capital gap by investing Rs 25-40 crore per company in profitable businesses seeking expansion capital, offering strategic guidance and governance support to foster sustainable growth amid India's focus on manufacturing and domestic production.