Everstone Capital Asia

Everstone Capital Asia (also known as Everstone), established in 2006, is a private equity firm founded by Sameer Sain and Atul Kapur. Headquartered in Singapore, it operates globally, maintaining offices not only in India and Singapore but also in London, New York City, Mauritius, and United Arab Emirates.^[2][3]

Everstone Capital Asia

Company type	Private company
Industry	Financial services
Founded	2006
Founders	Sameer Sain (Co-founder and CEO) Atul Kapur (Co-founder and CIO)
Headquarters	Singapore
Area served	Worldwide
Key people	Alok Oberoi (Executive Chairman) Sujoy Bose (CEO, Investment Management) Avnish Mehta (Vice Chairman, Private Equity) Amit Manocha (Group CFO and MD, Private Equity) Prashant Desai (Managing Director)
Products	Private equity
AUM	$3.1 Billion (2024)
Number of employees	425 (2023) [1]
Parent	Everstone Group
Website	www.everstonecapital.com

History

The origin of the company can be traced back to Future Capital, a financial services firm that was established by Sameer Sain and Atul Kapur in partnership with Future Group in 2005.^[4] Sain and Kapur took over Future Capital's private equity business in 2006 to form Everstone Capital.^[5]

At first, the company began its operations in London. Soon after, they rapidly expanded, establishing five additional offices in Singapore, India (Mumbai, Delhi, and Bangalore) and Mauritius. In 2008, it relocated their headquarters to Asia.^[6]

In 2018, Everstone opened its office in New York.^[7]

Business overview  

In addition to operating in the private equity sector, the company has three other investment verticals;

• Real Estate & Infrastructure: Everstone partnered with the American real estate investment firm, Realterm Group to create IndoSpace Logistic Parks.^[8] In 2017 and 2018 respectively, the Canada Pension Plan Investment Board^[8][9] and Singapore-based GLP, partnered with IndoSpace to enter the Indian market.^[10][11]  
• Venture Capital: In 2013, the company formed DSG Consumer Partner, a joint venture with Deepak Shahdadpuri,^[12] which invests in early-stage consumer businesses in India and Southeast Asia.^[13]

Investments

Portfolio companies	Entry Year	Investment in US$	Exit
Acqueon	2019[14]	Not Publicly Available	Part exit in 2022 (via stake sale)
Burger King - India and Indonesia	2014[15][16]	$100 million (approx.)	Part exit in 2020 (via IPO)
Calibre Chemicals	2021[17]	$100 million (approx.)	-
CPC Diagnostics	2019[18]	Not Publicly Available	-
Everlife	2019[19]	$500 million (approx.)	-
Mediamint	2016[20]	$100 million (approx.) along with US-based Recognize	-
Modern Foods	2016[21]	Not Publicly Available	2021[22]
Omega Healthcare	2019[23]	Not Publicly Available	2025[24]
Rubicon Research	2016[25]	$33 million	2019
S. Chand Group	2012[26]	$38 million (for 35% stake)	-
Sahyadri Hospitals	2019[27]	Not Publicly Available	-
Servion Global Solutions	2017[28][29]	$70 million (initial investment of $66 million in 2014, follow on investment of $8million in 2017)	-
Slayback Pharma	2020[30]	$50 million (approx.)	-
Softgel Healthcare	2022[31]	$200 million (approx.)	-
Subway (master franchise for India, Sri Lanka and Bangladesh)	2021[32]	Not Publicly Available	-
Sula Vineyards	Not Publicly Available[33]	Not Publicly Available	10% Stake Sold in 2013
Translumina Therapeutics	2019[34]	$72 million (approx.)	-
QMetry	2020[35]	Not Publicly Available	2024
Wingify	2025[36]	$200 million (approx.)

Environmental, social, and governance

Everstone Capital Asia incorporates environmental, social, and corporate governance considerations into its investment strategies. With Lightsource BP, in 2018 Everstone formed Eversource Capital.^[37] The venture manages funds for decarbonization solutions in India, including renewable energy, distribution infrastructure, e-mobility and other green energy services.^[38] Later in August 2021, it became a signatory of the Carbon Disclosure Project.^[39]