Infrastructure,Real Assets & Conglomerates

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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

Vertis infrastructure
trust

₹ 25,382 Mn

Block Sep 2025
Jsw cement

₹ 36,000 Mn

IPO Aug 2025
Knowledge realty trust
reit

₹ 48,000 Mn

IPO Aug 2025
Tvs infrastructure trust

₹ 13,000 Mn

Fund Raise Jul 2025
Schloss bangalore

₹ 35,000 Mn

IPO May 2025
Belrise industries

₹ 21,500 Mn

IPO May 2025
National highways infra
trust

₹ 83,400 Mn

InvIT Fund Raise Apr 2025
Jsw steel

Undisclosed

ECM Advisory Jan 2025
Ventive hospitality

₹ 16,000 Mn

IPO Dec 2024
Waaree energies limited

₹ 43,210 Mn

IPO Oct 2024

Cube highways trust

₹ 21,072 Mn

InvIT - Follow On Sep 2024
Hangyo

₹ 2,000 Mn

Fund Raise Aug 2024
India grid trust

₹ 17,919 Mn

InvIT - Follow On Aug 2024
Nxt infra invit

₹ 4,000 Mn

InvIT - Initial Private Placement Jul 2024
Awfis space solutions
ltd.

₹ 6,530 Mn

IPO + Pre-IPO May 2024
Keystone realtors ltd.

₹ 8,000 Mn

QIP May 2024
Bharat highways invit

₹ 25,000 Mn

InvIT - IPO Mar 2024
National highways infra
trust

₹ 71,970 Mn

InvIT - Follow On Mar 2024
Apeejay surrendra park
hotels ltd.

₹ 9,200 Mn

IPO Feb 2024
Techno electric

₹ 1,250 Mn

Block Feb 2024
Sustainable energy infra
trust

₹ 22,628 Mn

InvIT - Initial Private Placement Jan 2024
India grid trust

₹ 6,690 Mn

InvIT - Follow On Dec 2023
Intelligent supply chain
infrastructure trust

₹ 30,480 Mn

InvIT - Initial Private Placement Oct 2023
India grid trust

₹ 4,040 Mn

InvIT - Follow On Sep 2023
Highways infrastructure
trust

₹ 5,150 Mn

InvIT - Follow On Sep 2023
Data infrastructure trust

₹ 22,094 Mn

InvIT - Follow On Sep 2023
India grid trust

₹ 22,990 Mn

InvIT - Buy-Side Advisory Sep 2023
Signatureglobal (india)
ltd.

₹ 7,300 Mn

IPO Sep 2023
Jsw infrastructure ltd.

₹ 28,000 Mn

IPO Sep 2023
Dlf

₹ 10,890 Mn

Block Aug 2023
Data infrastructure trust

₹ 20,708 Mn

InvIT - Follow On Aug 2023
Indian highways
concession trust

Undisclosed

InvIT - IPO Jun 2023
Nexus select trust

₹ 32,000 Mn

REIT - IPO May 2023
Embassy office parks reit

₹ 3,348 Mn

REIT - Advisory Mar 2023
Anzen india energy yield
plus trust

₹ 7,500 Mn

InvIT - Initial Private Placement Nov 2022
Keystone realtors ltd.

₹ 6,350 Mn

IPO Nov 2022
Gr infraprojects ltd.

₹ 8,548 Mn

OFS(SE) Sep 2022
Highways infrastructure
trust

₹ 4,160 Mn

InvIT - Initial Private Placement Aug 2022
Flexiloans

₹ 1,000 Mn

Fund Raise Jun 2022
Jsw steel ltd

₹ 15,556 Mn

Restructuring May 2022
Indiabulls real estate
ltd.

₹ 8,650 Mn

QIP Apr 2022
Medplus

₹ 5,500 Mn

Fund Raise Dec 2021
Shriram properties ltd

₹ 6,000 Mn

IPO Dec 2021
Virescent renewable
energy trust

₹ 4,600 Mn

InvIT - Initial Private Placement Sep 2021
Embassy office parks reit

₹ 20,250 Mn

Block Sep 2021
Aditya birla sunlife amc
ltd

₹ 27,680 Mn

IPO Sep 2021
Embassy office parks reit

₹ 20,250 Mn

REIT - Follow On Sep 2021
Brigade enterprises ltd

₹ 5,000 Mn

QIP Jun 2021
Pg invit

₹ 77,350 Mn

InvIT - IPO May 2021
Dilip buildcon ltd

₹ 5,100 Mn

QIP Apr 2021
Macrotech developers ltd

₹ 25,000 Mn

IPO Apr 2021
India grid trust

₹ 12,836 Mn

InvIT - Follow On Apr 2021
Craftsman automation

₹ 8,240 Mn

IPO Mar 2021
Godrej properties limited

₹ 37,500 Mn

QIP Mar 2021
Jm baxi group’s ictipl

₹ 28,000 Mn

Fund Raise Feb 2021
Embassy office parks reit

₹ 36,852 Mn

REIT - Follow On Dec 2020
India grid trust

Undisclosed

InvIT - Advisory Sep 2020
Mindspace business parks
reit

₹ 45,000 Mn

REIT - IPO Jul 2020
India grid trust

₹ 29,165 Mn

Fund Raise Apr 2019
India grid trust

₹ 25,140 Mn

InvIT - Follow On Apr 2019
Embassy office parks reit

₹ 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...

Show More Reach Suraj Krishnaswamy
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...

Show More Reach Anuj Mittal
Aditya Jain Executive Director
Over 12 years of IB experience - executed multiple transactions across products - IPOs, QIPs, PE and Strategic advisory. Engaged in tracking various companies on the road & infrastructure sectors. Aditya has done his MBA, Symbiosis University and B.E., D J Sanghvi College...

Show More Reach Aditya Jain

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