Asset Advisory

About IndoStar Asset Advisory Private Limited (IAAPL)

IndoStar Asset Advisory Private Limited (IAAPL), a company incorporated in India, is awholly owned subsidiary of IndoStar Capital Finance Limited (ICF). IAAPL will act as the investment manager for the funds.

IndoStar Credit Fund

IndoStar Credit Fund (The Fund) is a Category II Alternative Investment Fund registered with the Securities and Exchange Board of India ("SEBI") under the SEBI (Alternative Investment Funds) Regulations, 2012. The corpus of the fund is INR 203 Crore. The Fund has been formulated to invest primarily in fully secured high yield public and private debt and debt securities.




The Fund will invest in secured debentures to increase safety.

The Fund aims to generate regular/recurring income which will be distributed to Unit holders on a quarterly basis or earlier as per the investment strategy decided by the Investment Manager.


The Fund is sponsored by Amulya Corporation Private Limited, (“Sponsor”), a wholly-owned subsidiary of Everstone Capital Advisors Private Limited (“Everstone Capital”). Everstone Capital is the investment manager and sub-advisor to managers of international private equity funds and real estate funds (as set out in the section The Investment Manager and the Sponsor). ECAPL also owns 50% in Indospace Capital Advisors Private Limited, Indian sub-advisor to investment managers of international industrial real estate funds.

Everstone Capital was awarded ‘Private Equity Firm of the Year in India’ by Private Equity International for four consecutive years (2011, 2012 2013 and 2014). The group currently has ~USD 2.5 bn in assets under management.


Vistra ITCL (India) Limited (formerly IL&FS Trust Company Limited)

  • Fund Manager

    Mr. Deepak Bakliwal

  • Investment Manager

    IndoStar Asset Advisory Private Limited.

  • Fund Auditor

    S. R. Batliboi & Co. LLP

Investment Committee

  • Mr. Dhanpal Jhaveri

  • Mr. Shailesh Shirali

  • Mr. Deepak Bakliwal

GST Details

GST Details of IndoStar Asset Advisory Private Limited:


  • PAN Card Number AADCI2585G