DFX Intelligence
Nalanda India Equity Fund Limited
As of · the latest observation of this vehicle; each figure below carries its own filing date
MatureFundraising status unknownADV: Other Private Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional principals, 2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- -13%reported GAV
Reported gross assets fell from $3.61B to $3.15B between the Form ADV filings of 5 Mar 2024 and 11 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2020basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $800Mwhat may be sold, not what was raised; joined by exact issuer name, corroborated by a person on the adviser's roster named on the filing, the adviser itself named on the filing, the general partner the adviser swears for this fund, the filing's signer sitting on the adviser's roster, not sworn by the adviser (confidence 0.85); file 021-261079, 021-367896
- Form D sold
- $728Mas of the filing of May 29, 2020, 33 investors
- First sale
- May 20, 2020
- Reported GAV
- $3.2Bon the Form ADV filed Mar 11, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 70
- Reported on ADV
- Mar 29, 2012 to Mar 11, 2026
Fundraising evidenceWhat counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Unknown
latest Form D 2020-05-29, older than 15 months (fr-1)
evidence dated May 29, 2020.
LifecycleMature
vintage 4 to 7 years
age years: 6first sale: May 20, 2020vintage year: 2020adv gav as of: Mar 11, 2026vintage basis: Form d first saleform d sold: $728Mform d offering: $800Mform d latest filed at: May 29, 2020
The fund's own reporting through time
14 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2012 | Other Private Fund | $212M | 31 | $500,000 | 1% | yes | |
| Feb 5, 2013 | Other Private Fund | $212M | 31 | $500,000 | 1% | yes | |
| Mar 12, 2014 | Other Private Fund | $441M | 31 | $500,000 | 1% | yes | |
| Feb 17, 2015 | Other Private Fund | $973M | 31 | $500,000 | 1% | yes | |
| Feb 3, 2016 | Other Private Fund | $1.1B | 32 | $500,000 | 7% | yes | |
| Feb 20, 2017 | Other Private Fund | $1.0B | 41 | $500,000 | 3% | yes | |
| Mar 27, 2018 | Other Private Fund | $1.6B | 50 | $500,000 | 4% | yes | |
| Mar 12, 2019 | Other Private Fund | $1.5B | 50 | $500,000 | 5% | yes | |
| Mar 27, 2020 | Other Private Fund | $1.7B | 50 | $500,000 | 5% | yes | |
| Feb 23, 2021 | Other Private Fund | $2.7B | 50 | $500,000 | 5% | yes | |
| Feb 4, 2022 | Other Private Fund | $3.2B | 50 | $500,000 | 5% | yes | |
| Mar 24, 2023 | Other Private Fund | $2.9B | 50 | $500,000 | 5% | yes | |
| Mar 5, 2024 | Other Private Fund | $3.6B | 70 | $1.0M | 5% | yes | |
| Mar 11, 2026 | Other Private Fund | $3.2B | 70 | $1.0M | 5% |
Principals and agents
5 principals on Form D, 0 placement agents
- Ashish Patil Director
- Chandrasekhara Lutchmiah Director
- Pulak Prasad Director
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorEY · EBENE, MauritiusForm ADV filed Mar 11, 2026 reports.adviserinfo.sec.gov
- AdministratorApex Group · GRAND CAYMAN, Cayman IslandsForm ADV filed Mar 11, 2026 reports.adviserinfo.sec.gov
- AdministratorIQ-EQ · PORT-LOUIS, MauritiusForm ADV filed Mar 11, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
3 events
- May 29, 2020Nalanda India Equity Fund Ltd filed Form D: $728,000,000 sold of $800,000,000, Other Investment FundForm D filed Fact Form D
- Apr 12, 2016Nalanda India Equity Fund Ltd filed Form D: no sales yet of $620,000,000, Other Investment FundForm D filed Fact Form D
- Mar 29, 2012Nalanda India Equity Fund Limited first reported on Form ADV by Nalanda Capital (Other Private Fund), GAV $211,832,196Fund first reported on Form ADV Fact Form ADV
Evidence
27 observations
Every observation on this vehicle
- Entity type: Limited Liability Company May 29, 2020 Fact Form D
- Entity type: Limited Liability Company Apr 12, 2016 Fact Form D
- Form D fund type: Other Investment Fund May 29, 2020 Fact Form D
- Form D fund type: Other Investment Fund Apr 12, 2016 Fact Form D
- Form D industry group: Pooled Investment Fund May 29, 2020 Fact Form D
- Form D industry group: Pooled Investment Fund Apr 12, 2016 Fact Form D
- Amendment: false May 29, 2020 Fact Form D
- Amendment: false Apr 12, 2016 Fact Form D
- Incorporated: overFiveYears May 29, 2020 Fact Form D
- Incorporated: overFiveYears Apr 12, 2016 Fact Form D
- Jurisdiction: Mauritius May 29, 2020 Fact Form D
- Jurisdiction: Mauritius Apr 12, 2016 Fact Form D
- Amount sold (Form D): $728M May 29, 2020 Fact Form D
- Amount sold (Form D): $0 Apr 12, 2016 Fact Form D
- Offering amount (Form D): $800M May 29, 2020 Fact Form D
- Offering amount (Form D): $620M Apr 12, 2016 Fact Form D
- Exemptions: 06b, 3C, 3C.7 May 29, 2020 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Apr 12, 2016 Fact Form D
- First sale: 2020-05-20 May 29, 2020 Fact Form D
- Investors (Form D): 33 May 29, 2020 Fact Form D
- Investors (Form D): 0 Apr 12, 2016 Fact Form D
- Minimum investment (Form D): 500,000 May 29, 2020 Fact Form D
- Minimum investment (Form D): 1,000,000 Apr 12, 2016 Fact Form D
- Securities offered: pooled May 29, 2020 Fact Form D
- Securities offered: pooled Apr 12, 2016 Fact Form D
- Office address: May 29, 2020 Fact Form D
- Office address: Apr 12, 2016 Fact Form D
Relationships across DFX
on 3 other DFX graphs
Across the graphs
Nalanda India Equity Fund Limited is the same institution as 3 records in Allocators, Private Equity and RIA and Wealth.
Allocators1Private Equity1RIA and Wealth1
DFX found 3 relationships across 3 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
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Checking your plan…
Record history
3 dated events on the change ledger, latest event first
- Form D filed2020-05-29source on record
- Form D filed2016-04-12source on record
- Fund first reported on ADV2012-03-29source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.