# Madison India Capital Advisors: portfolio, investments and team

> Madison India Capital Advisors is a private equity based in Mauritius. 2 investments on record, latest May 2014. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/madison-india-capital (Millionrounds; every figure on the page links to its filing or article)

Mauritius · [Investor](https://millionrounds.com/investors)

# Madison India Capital Advisors

Filed with the SEC to raise a fund in Nov 2023. Last cheque observed May 2014.

Email

Private equity Quiet Last fund, Nov 2023

Seed Series A Growth Streaming Sustainable Voice

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **4566** days **00** hrs **00** min **00** sec

Median round **$36M** Rounds led **0 of 2**

Pitch Madison India Capital Advisors

## Madison India Capital Advisors highlights

- 01 2 rounds on record
- 02 Mostly Series E and Venture: 100% of its rounds

## What they do

> We create liquidity for shareholders We partner with management and investors We collaborate to help you accelerate growth We focus on your company’s success From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Up to $100M as they say
- **Stages:** Seed Series A Growth
- **Sectors:** Streaming Sustainable Voice
- **Based in:** Port Louis Town, Mauritius
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **2 appearances**

- **2014** 1 round
- **May** **[iYogi](https://millionrounds.com/company/iyogi)** Series E · IN **$28M** With 1 other
- **2010** 1 round
- **Sept** **[Micromax Informatics](https://millionrounds.com/company/micromax-informatics)** Venture · IN · finsmes.com **$43M** With 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **10 named**

AM **Akshar Mohammad Maherally** Director i Form ADV

IB **Ishan Bhatia** Shareholder i Form ADV

KB **Kristee Bhurtun-Jokhoo** Director i Form ADV

LM **Louis Michael Kirsley Calisse** Director i Form ADV

MS **Mudit Singh Gusain** Director i Form ADV

RH **Ronak Hemant Shah** Director i Filing they signed

S(**Samir (nmn) Shrivastava** Director i Form ADV

SM **Surinder Mohan Singh Chadha** Shareholder i Form ADV

SS **Surya S Chadha** Director i Form ADV

ST **Sushain Trehan** Director i Form ADV

We also hold **14** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$441M** gross assets of its funds, 3 advisers combined Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Madison India Capital Management Pte. LTD.
- **SEC number:** CRD 286304

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 2 we have independently watched raise

IVCA PRI

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Latest fund on file

**Raised**

a fund in Nov 2023

From its SEC filing. Nothing newer is on file yet.

## The cheque

Seed Series A Growth

Median round joined **$36M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Said size:** Up to $100M
- **Sole investor:** Never alone
- **Last cheque:** May 2014

Rounds by stage said on their site

- Series E *1*
- Venture *1*
- Seed said *-*
- Series A said *-*
- Growth said *-*

Cheques by year Led Joined

2010 2014

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## Quick answers about Madison India Capital Advisors

### What does Madison India Capital Advisors invest in?

Madison India Capital Advisors invests most often at Series E and Venture (100% of the rounds on record), in sectors such as Streaming, Sustainable and Voice.

### How active is Madison India Capital Advisors?

2 investments on record, 0 of them in the last 12 months. The most recent was in May 2014.

### How big are Madison India Capital Advisors's cheques?

The median round it joins is $36M.

### Is Madison India Capital Advisors investing now?

No investments in the last 12 months; the latest was in May 2014.

### What kind of investor is Madison India Capital Advisors?

Madison India Capital Advisors is a private equity firm based in Port Louis Town, Mauritius.

### How much does Madison India Capital Advisors manage?

About $441M, as gross assets of its private funds, 3 advisers added together (Oct 2026).

### Has Madison India Capital Advisors raised a new fund?

Its latest fund filing with the SEC was in Nov 2023.

### When was Madison India Capital Advisors founded?

Madison India Capital Advisors was founded in 2007.

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