Partner in India's Bold Growth Story

Kredstone is a Multi-Strategy Asset Manager providing Structured Capital Solutions for Emerging & Established Businesses in India.

Unlock Growth

Navigate Complexity

Achieve Scale

Growth and Strategic Solutions Fund

Cash Flow Based Private Credit Investments with optional equity participation.
We invest in cash flow-based private credit opportunities, focusing on fundamentally strong businesses in need of strategic capital. Our flexible structures provide predictable income through debt instruments, while offering optional equity participation for long-term value creation.
  • AIF Registration Number: IN/AIF2/24-25/1752

New-Age Companies

Post product-market fit, seeking growth funding, market expansion, or bridge capital to the next equity round or IPO.

Listed & Unlisted SMEs

Profitable businesses facing working capital or operational challenges, in need of structured solutions, acquisition finance, or last-mile funding.

Strategic Situations

Companies with cash flow mismatches, seeking turnaround capital or financing for special situations.

Our Team

Kredstone is managed by industry veterans with deep expertise in structured finance, turnaround management, and alternative investments.

Ashish Singla

Co-Founder, General Partner

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Akshay Jain

Co-Founder, General Partner

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Yogesh Mandhani

Venture Partner

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A.P. Verma

Advisor

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Nageswara Rao Y

Steering Committee: Credit & Monitoring

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Dinesh Agarwal

Steering Committee: Credit & Monitoring

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Mayank D. Shah

Steering Committee: Credit & Monitoring

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Nutan Goyal

Investment Team

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Roshan Jain

Investment Team

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Romil Nagda

Finance & Operations Manager

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Culture is critical to our team

Professional excellence is an outcome of the core attributes above and each member measures themselves on above.

We operate with the rigour of discipline and at the edge of dynamism.

Deep-Dive Due Diligence

At Kredstone, we go beyond the surface. Our team conducts granular, cash flow-based due diligence, combining on-ground intelligence with data-rich analysis to evaluate every opportunity with precision and insight.

Disciplined Capital Allocation

We approach every investment with a risk-calibrated mindset. Through tight allocation frameworks across sectors and borrowers, we build portfolios that are diversified, resilient, and return-focused.

True Alignment of Interests

We don’t just manage capital — we invest alongside our partners. Our significant commitment to each fund reflects our unwavering belief in our strategy.

Backed by the trust of industry leaders who chose smarter capital

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Get In Touch

Our team is ready to discuss your capital needs and explore how Kredstone can support your business growth. Reach out to us through any of the channels below.

Email

contact@kredstone.com

Address

B - Wing, 1507, 1508, One BKC, Plot No. C-66, G-Block, Bandra Kurla Complex, Bandra East, Mumbai 400051

© 2025 KredStone. All Rights Reserved.

Ashish Singla

Co-Founder, General Partner

20+ years across Venture Capital, Private Equity, Operations and Business Advisory

MBA, Kellogg School of Management, USA

  • Founder, N+1 Capital (Rs. 309 Crore Debt Fund)
  • General Partner, 16Alpha Alternatives (Rs. 100 Cr Algo-Based Hedge Fund)
  • Head of Investments at Max Ventures (part of $3 Billion Max Group), Rs. 120 Cr Portfolio – Nykaa, Azure Hospitality, Felix Pharma
  • Vice President, Mandala Capital ($140 MM PE Fund)
  • Portfolio Management: Pioneering Ventures (Early VC)
  • Management Consulting: KPMG
  • Investment Advisor: HDFC Capital

Akshay Jain

Co-Founder, General Partner

Managing Director, Kanchansobha Finance

15+ years I-Banking, Finance, Economics

MBA, Kellogg School of Management, USA
B.Tech/M.Tech, IIT Kanpur

  • Managing Director, Kanchansobha Finance Private Limited (KFPL), a leading I-Banking Institution focused on providing bespoke structure solutions to SMEs (completed transactions worth ₹ 1 Lac crore+)
  • Leading a team of 75+ professionals across the group
  • Investment Banker at Goldman Sachs (New York) – Successfully executed a $5 billion cross-border M&A transaction among others
  • Economist at Total SA (France)
  • Process Engineer at Axens SA, Reliance Industries Limited

Yogesh Mandhani

Venture Partner

30+ years across Manufacturing and Infrastructure sectors

Director CIDC (Niti Ayog) and AIIFA President

Investor in Tech enabled Startups

  • Director, Construction Industry Development Council (CIDC), apex body of Niti Ayog, Govt of India
  • President, AIIFA Sustainable Steel Manufacturers Association, the voice of sustainable steel in India
  • President, Steel Manufacturers Association of Maharashtra (SMAM)
  • Chairman, Varad Ferro Alloys Pvt Ltd
  • Director, SMW Ispat Pvt Ltd (Sangam Steel), a leading producer of ferro alloys and steel products

A. P. Verma

Advisor

40+ years in Banking and Finance

Ex-DMD, State Bank of India

  • Ex-Managing Director and CEO at SBI Capital Market Limited
  • Deputy Managing Director at State Bank of India
  • Advisor to State Bank post superannuation
  • Additional Director, Clearing Corporation of India Limited
  • Served on the Boards of 35+ companies

Nageswara Rao Y

Steering Committee: Credit & Monitoring

35+ years of managerial, executive, and board-level experience in Banking

  • Spearheaded the resolution process for Reliance Capital Limited having debt exposure exceeding INR 25,000 crore as Resolution Professional under the IBC 2016
  • Ex-Executive Director of Syndicate Bank, Bank of Maharashtra and Vijaya Bank
  • Managed Corporate Credit, Information Technology, Credit Monitoring, Recovery, Risk Management, and Credit Policies in the above-mentioned institutions
  • Currently on the Board of four entities including a bank and an NBFC, Trustee of Canara Robeco Mutual Fund

Dinesh Agarwal

Steering Committee: Credit & Monitoring

40+ years in Banking and Finance

  • Ex- General Manager, SBI – Stressed Asset Resolution
  • As GM SARG –
    • Oversaw Rs. 2,00,000 crore worth stressed assets across 20 large value SAM branches
    • Headed ARC, IBC, SARFAESI & Restructuring Cells
  • Previously achieved Rs.10,000 crores recovery from high-value written-off accounts
  • Set up SME Centralized Credit Cell, Ahmedabad – handled 3,500 accounts across origination, risk, monitoring & recovery.

Mayank D. Shah

Steering Committee: Credit & Monitoring

40+ years in Banking and Finance

  • Ex-GM, Central Bank of India, Central Office Mumbai
  • Handled a portfolio of Rs. 27,000 crores as SRM Mumbai South and Chennai
  • Responsible for total credit extension of ~Rs. 6,000 crores
  • Ex-HOD of Stressed Assets and Resolution Vertical at Central Bank of India’s Head Office, Mumbai

Nutan Goyal

Investment Team

20+ Years of experience in Financial Services Industry

  • Qualified ICWA, MBA
  • Select Deal Experience:
    1. Gayatri Projects Limited – Resolution – ₹ 5,500 Crores
    2. Supreme Infrastructure India Ltd – Resolution – ₹ 2,265 Crores
    3. Shreeyam Power & Steel – Funding – ₹ 250 Crores

Roshan Jain

Investment Team

12+ Years of experience in Investment Banking
  • Qualified Chartered Accountant and Company Secretary
  • Select Deal Experience:
    1. NH1 Panipat Jalandhar – OTS – ₹ 3,407 Crores
    2. NH6 Surat Hazira – Assignment of Debt – ₹ 977 Crores
    3. Disha Education – Assignment of Debt – ₹ 115 Crores

Romil Nagda

Finance & Operations Manager

8+ years’ experience in Fund Operations and Deal Execution

  • 8+ years’ experience in Fund Operations and Deal Execution across AIFs, PMS and equity portfolios.
  • Specializing in Alternative Investment Funds (Category II & III).
  • Managed multi-thousand-crore investment structures, complex fund lifecycle events and full-cycle liquidations.
  • Extensive experience in fund operations and management, Investor servicing and SEBI compliance.