Invicta Fund
Investment fund targeting high-growth, low-leverage Indian companies.
Invicta Fund operates as a Category II Alternative Investment Fund (AIF) in India, concentrating on the country's growing small and mid-cap sectors. The firm, operating under Invicta Capserv Pvt Ltd, was founded by Hemant Gadodia, a finance professional with over two decades of experience in the banking industry, including a 15-year tenure at Citibank where he was a Director. His background in corporate banking and financial markets informs the fund's strategy.
The fund, named Invicta Continuum Fund, focuses on investing in what it terms "undiscovered & uncovered gems"—companies with strong balance sheets, a long runway for growth, and capable promoters. The investment philosophy prioritizes analyzing cash flows and balance sheets over profit and loss statements. It aims to deliver capital appreciation for its investors by allocating capital to low-leverage, high-growth companies. The fund is also an active anchor investor in the SME IPO space in India. As of late 2024, the maiden fund had surpassed its target of ₹150 crore, including a greenshoe option, and was considering an upsize.
Keywords: alternative investment fund, India, small-cap, mid-cap, capital appreciation, pre-IPO, SME IPO, low leverage, high-growth companies, Indian equity markets, value creation, corporate banking, financial markets, balance sheet analysis, cash flow analysis, anchor investor, Hemant Gadodia, Invicta Continuum Fund, capital markets