Kotak Alternate Asset Managers Ltd announced on Thursday a ₹325 crore structured capital investment in Gainwell Group, channelled through Indocrest Transportation Private Ltd, the holding company for the Group’s manufacturing and mining operations. The capital will fund business expansion and refinance existing debt.
Gainwell Group, led by Chairman and Managing Director Sunil Kumar Chaturvedi, operates across construction and mining equipment, underground mining equipment manufacturing, mining services, cranes, material-handling equipment, defence equipment, natural gas compression equipment, and bespoke technology solutions. The Group has a presence across Asia, North America, Australia, and Africa.
The Group’s flagship entity, Gainwell Commosales Private Ltd, serves as an authorised Caterpillar dealer across North and East India, Nepal, and Bhutan, and also conducts underground coal mining operations.
Amit Jain, CEO of Kotak Yield & Growth Fund, stated that the investment aims to provide long-term, flexible capital to support the Group’s next growth phase, citing India’s ongoing push in manufacturing and infrastructure as a tailwind for Gainwell’s businesses.
Chaturvedi described the partnership as the beginning of a significant expansion phase, both within India and internationally.
Kotak Alts, part of Kotak Mahindra Group, was established in 2005 and has since raised, managed, and advised over $22 billion across asset classes including private equity, real estate, infrastructure, special situations, and private credit.
Published on November 12, 2026
