Smart money starts buying into India's factory ambitions

Singularity AMC, the investment firm backed by veteran investor Madhusudhan Kela, is raising capital from select investors seeking exposure to portfolio companies with significant presence in high-growth manufacturing sectors.

- Rwit Ghosh & Priyamvada C

The fund is mandated to support sectors such as renewable energy, energy storage, transmission and distribution, battery materials, critical energy minerals, defence, electronics, semiconductors, medical devices, nuclear energy, and aerospace and automotive components.

"The deal size will range between ₹250 crore and ₹500 crore alongside co-investors who will invest in high-growth manufacturing companies," said Yash Kela, founder and chief investment officer of Singularity. "We are aggressively investing in the sector and we believe that there is great potential to invest capital and get scalable exits."

Founded in 2016, the firm has invested in several manufacturing companies such as Lohum CleanTech, HEG Ltd, Qucev, Sterling and Wilson Data Center and Silver Consumer Electrics.

Singularity's push comes as a growing number of investors look to tap India's manufacturing potential. While sector-specific funds remain relatively uncommon in India's investment ecosystem, their rise suggests a shift in strategy as firms pursue more targeted exposure to high-growth verticals.