Infrastructure, Real Estate
& Conglomerates

We are pioneers of InvITs/REITs in India, having executed these across asset classes. We have several firsts to our credit, having crafted award-winning, bespoke solutions that have successfully served the interests of all stakeholders. This practice has been honed over three decades of raising Equity/Structured Finance and closing M&A transactions across Real Estate, Energy and Infrastructure– from early asset-ownership structures to contemporary Dev.Co/Op.Co models. Our extensive network of both equity and yield-focused investors helps offer solutions across the risk-return spectrum.

Segments

  • InvITs and REITs across infrastructure asset classes including Roads, Commercial Real Estate, Malls, Telecom Towers, Warehousing & Renewables
  • Real Estate and Hospitality
  • Renewable Power assets including value-chain adjacencies – manufacture of Solar Modules, Cells, glasses, wind turbines etc.
  • Transition fuels like Natural Gas and associated infrastructure like CGD/LNG terminals
  • Transportation – Roads, Waterways, Ports and Airports – across asset ownership and EPC
  • Logistics assets and services, warehousing
  • Conventional Power, thermal and hydropower
  • Power Transmission and Distribution

Transactions

  • Transaction Image
    43,210 Mn

    IPO Oct 2024

  • Transaction Image
    43,214 Mn

    IPO Oct 2024

  • Transaction Image
    2,000 Mn

    Fund Raise Aug 2024

  • Transaction Image
    17,919 Mn

    InvIT - Follow On Aug 2024

  • Transaction Image
    6,530 Mn

    IPO + Pre-IPO May 2024

  • Transaction Image
    8,000 Mn

    QIP May 2024

  • Transaction Image
    71,970 Mn

    InvIT - Follow On Mar 2024

  • Transaction Image
    25,000 Mn

    InvIT - IPO Mar 2024

  • Transaction Image
    9,200 Mn

    IPO Feb 2024

  • Transaction Image
    1,250 Mn

    Block Feb 2024

  • Transaction Image
    22,628 Mn

    InvIT - Initial Private Placement Jan 2024

  • Transaction Image
    6,690 Mn

    InvIT - Follow On Dec 2023

  • Transaction Image
    30,480 Mn

    InvIT - Initial Private Placement Oct 2023

  • Transaction Image
    5,150 Mn

    InvIT - Follow On Sep 2023

  • Transaction Image
    4,040 Mn

    InvIT - Follow On Sep 2023

  • Transaction Image
    22,990 Mn

    InvIT - Buy-Side Advisory Sep 2023

  • Transaction Image
    7,300 Mn

    IPO Sep 2023

  • Transaction Image
    28,000 Mn

    IPO Sep 2023

  • Transaction Image
    10,890 Mn

    Block Aug 2023

  • Transaction Image
    0 Mn

    InvIT - IPO Jun 2023

  • Transaction Image
    32,000 Mn

    REIT - IPO May 2023

  • Transaction Image
    3,348 Mn

    REIT - Advisory Mar 2023

  • Transaction Image
    6,350 Mn

    IPO Nov 2022

  • Transaction Image
    7,500 Mn

    InvIT - Initial Private Placement Nov 2022

  • Transaction Image
    8,548 Mn

    OFS(SE) Sep 2022

  • Transaction Image
    4,160 Mn

    InvIT - Initial Private Placement Aug 2022

  • Transaction Image
    1,000 Mn

    Fund Raise Jun 2022

  • Transaction Image
    15,556 Mn

    Restructuring May 2022

  • Transaction Image
    8,650 Mn

    QIP Apr 2022

  • Transaction Image
    5,500 Mn

    Fund Raise Dec 2021

  • Transaction Image
    6,000 Mn

    IPO Dec 2021

  • Transaction Image
    27,680 Mn

    IPO Sep 2021

  • Transaction Image
    20,250 Mn

    Block Sep 2021

  • Transaction Image
    4,600 Mn

    InvIT - Initial Private Placement Sep 2021

  • Transaction Image
    20,250 Mn

    REIT - Follow On Sep 2021

  • Transaction Image
    5,000 Mn

    QIP Jun 2021

  • Transaction Image
    77,350 Mn

    InvIT - IPO May 2021

  • Transaction Image
    12,836 Mn

    InvIT - Follow On Apr 2021

  • Transaction Image
    25,000 Mn

    IPO Apr 2021

  • Transaction Image
    5,100 Mn

    QIP Apr 2021

  • Transaction Image
    37,500 Mn

    QIP Mar 2021

  • Transaction Image
    8,240 Mn

    IPO Mar 2021

  • Transaction Image
    36,852 Mn

    REIT - Follow On Dec 2020

  • Transaction Image
    0 Mn

    InvIT - Advisory Sep 2020

  • Transaction Image
    45,000 Mn

    REIT - IPO Jul 2020

  • Transaction Image
    0 Mn

    M&A Apr 2020

  • Transaction Image
    25,140 Mn

    InvIT - Follow On Apr 2019

  • Transaction Image
    47,500 Mn

    REIT - IPO Mar 2019


Axis Capital’s infrastructure practice is led by

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    Suraj Krishnaswamy Managing Director - Infrastructure and Conglomerates

    Suraj heads Axis Capital’s industry coverage for TMT & Infrastructure. He also handles several key conglomerate relationships for Axis Capital. Based in Mumbai, he has been an integral part of Axis Capital/ENAM with nearly 2 decades of experience across M&A advisory, Equity Capital Markets, PE Adv...

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    Anuj Mittal Managing Director - Real Estate & Logistics

    Anuj leads chemicals, cements, logistics and industrial coverage for Axis Capital. He has 19 years of experience in investment banking in M&A advisory, capital markets and private equity financing. Anuj has previously worked with organizations like JM Financial, Edelweiss Capital and JP Morgan Chase...

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