Infrastructure, Real Estate
& Conglomerates

We are pioneers of InvITs/REITs in India, having executed these across asset classes. We have several firsts to our credit, having crafted award-winning, bespoke solutions that have successfully served the interests of all stakeholders. This practice has been honed over three decades of raising Equity/Structured Finance and closing M&A transactions across Real Estate, Energy and Infrastructure– from early asset-ownership structures to contemporary Dev.Co/Op.Co models. Our extensive network of both equity and yield-focused investors helps offer solutions across the risk-return spectrum.

Segments

  • InvITs and REITs across infrastructure asset classes including Roads, Commercial Real Estate, Malls, Telecom Towers, Warehousing & Renewables
  • Real Estate and Hospitality
  • Renewable Power assets including value-chain adjacencies – manufacture of Solar Modules, Cells, glasses, wind turbines etc.
  • Transition fuels like Natural Gas and associated infrastructure like CGD/LNG terminals
  • Transportation – Roads, Waterways, Ports and Airports – across asset ownership and EPC
  • Logistics assets and services, warehousing
  • Conventional Power, thermal and hydropower
  • Power Transmission and Distribution

Transactions

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    Waaree energies ltd.
    4,321 Mn

    IPO Oct 2024

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    Waaree energies limited
    43,210 Mn

    IPO Oct 2024

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    Cube highways trust
    21,072 Mn

    InvIT - Follow On Sep 2024

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    India grid trust
    17,919 Mn

    InvIT - Follow On Aug 2024

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    Raymond group
    Undisclosed

    Restructuring Jul 2024

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    Nxt infra invit
    4,000 Mn

    InvIT - Initial Private Placement Jul 2024

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    Bharat highways invit
    25,000 Mn

    InvIT - IPO Mar 2024

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    Anarock prop tech
    2,000 Mn

    Fund Raise Feb 2024

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    Seit(mahindra group)
    22,628 Mn

    Fund Raise Jan 2024

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    Cube highways invit
    21,070 Mn

    Blocks Sep 2024

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    Keystone realtors ltd.
    800 Mn

    QIP May 2024

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    Awfis space solutions
    ltd.
    653 Mn

    IPO + Pre-IPO May 2024

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    Macrotech developers ltd
    (lodha)
    25,000 Mn

    IPO Apr 2024

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    National highways infra
    trust
    71,970 Mn

    InvIT - Follow On Mar 2024

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    Apeejay surrendra park
    hotels ltd.
    920 Mn

    IPO Feb 2024

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    Brookfield india real
    estate trust
    75,795 Mn

    REIT - Follow On Feb 2024

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    Techno electric
    125 Mn

    Block Feb 2024

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    Sustainable energy infra
    trust
    22,628 Mn

    InvIT - Initial Private Placement Jan 2024

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    India grid trust
    6,690 Mn

    InvIT - Follow On Dec 2023

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    Intelligent supply chain
    infrastructure trust
    30,480 Mn

    InvIT - Initial Private Placement Oct 2023

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    Jsw infrastructure ltd.
    2,800 Mn

    IPO Sep 2023

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    Signatureglobal (india)
    ltd.
    730 Mn

    IPO Sep 2023

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    Highways infrastructure
    trust
    5,150 Mn

    InvIT - Follow On Sep 2023

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    Data infrastructure trust
    22,094 Mn

    InvIT - Follow On Sep 2023

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    India grid trust
    4,040 Mn

    InvIT - Follow On Sep 2023

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    India grid trust
    22,990 Mn

    InvIT - Buy-Side Advisory Sep 2023

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    Data infrastructure trust
    20,708 Mn

    InvIT - Follow On Aug 2023

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    Dlf
    1,089 Mn

    Block Aug 2023

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    Brookfield india real
    estate trust
    23,050 Mn

    REIT - Follow On Jul 2023

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    Indian highways
    concession trust
    Undisclosed

    InvIT - IPO Jun 2023

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    Brookfield india real
    estate trust
    113,754 Mn

    REIT - Fairness Opinion May 2023

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    Nexus select trust
    32,000 Mn

    REIT - IPO May 2023

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    Embassy office parks reit
    3,348 Mn

    REIT - Advisory Mar 2023

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    Keystone realtors ltd.
    635 Mn

    IPO Nov 2022

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    Anzen india energy yield
    plus trust
    7,500 Mn

    InvIT - Initial Private Placement Nov 2022

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    Keystone realtors pvt.
    ltd.
    6,350 Mn

    IPO Nov 2022

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    Anzen india energy yield
    plus trust
    7,500 Mn

    InvIT Private Placement Nov 2022

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    Gr infraprojects ltd.
    855 Mn

    OFS(SE) Sep 2022

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    Highways infrastructure
    trust
    4,160 Mn

    InvIT - Initial Private Placement Aug 2022

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    Rustomjee
    1,700 Mn

    Fund Raise May 2022

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    Jsw steel limited
    15,556 Mn

    M&A May 2022

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    Ion energy inc
    3,080 Mn

    M&A May 2022

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    Ion energy inc.
    3,080 Mn

    M&A May 2022

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    Indiabulls real estate
    ltd.
    865 Mn

    QIP Apr 2022

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    Shriram properties ltd
    600 Mn

    IPO Dec 2021

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    Borosil renewables ltd.
    2,000 Mn

    QIP, PIPE Dec 2021

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    Tega industries limited
    6,190 Mn

    IPO Nov 2021

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    Aditya birla sunlife amc
    ltd
    2,768 Mn

    IPO Sep 2021

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    Virescent
    4,600 Mn

    Fund Raise Sep 2021

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    Embassy office parks reit
    20,250 Mn

    REIT - Follow On Sep 2021

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    Virescent renewable
    energy trust
    4,600 Mn

    InvIT - Initial Private Placement Sep 2021

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    Virescent renewable
    energy trust
    4,600 Mn

    InvIT Private Placement Sep 2021

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    Virescent renewable
    energy trust
    4,600 Mn

    InvIT Private Placement Sep 2021

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    Embassy office parks reit
    20,240 Mn

    Blocks Sep 2021

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    Embassy office parks reit
    2,025 Mn

    Block Sep 2021

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    Nuvoco vistas
    50,000 Mn

    IPO Aug 2021

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    Brigade enterprises ltd
    500 Mn

    QIP Jun 2021

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    Brigade enterprises
    limited
    5,000 Mn

    QIP Jun 2021

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    Shyam metalics and energy
    limited
    9,090 Mn

    IPO Jun 2021

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    Pg invit
    77,350 Mn

    InvIT - IPO May 2021

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    Dilip buildcon ltd
    510 Mn

    QIP Apr 2021

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    Macrotech developers ltd
    2,500 Mn

    IPO Apr 2021

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    India grid trust
    12,836 Mn

    InvIT - Follow On Apr 2021

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    India grid trust
    (indigrid)
    12,840 Mn

    Rights Issue / Advisory / QIP Apr 2021

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    Powergrid infrastructure
    investment trust
    77,350 Mn

    M&A, InvIT Private Placement Apr 2021

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    Macrotech developers
    limited
    25,000 Mn

    IPO Apr 2021

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    Godrej properties ltd
    37,500 Mn

    IPO Mar 2021

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    Craftsman automation
    8,240 Mn

    IPO Mar 2021

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    Godrej properties limited
    37,500 Mn

    QIP Mar 2021

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    Brookfield india real
    estate trust
    38,000 Mn

    REIT - IPO Feb 2021

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    Embassy office parks reit
    36,852 Mn

    REIT - Follow On Dec 2020

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    India grid trust
    Undisclosed

    InvIT - Advisory Sep 2020

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    Mindspace business parks
    reit
    45,000 Mn

    REIT - IPO Jul 2020

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    Gmr
    35,300 Mn

    M&A Aug 2019

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    Gmr group
    35,300 Mn

    M&A Aug 2019

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    India grid trust
    25,140 Mn

    InvIT - Follow On Apr 2019

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    Larsen & toubro
    97,600 Mn

    M&A Mar 2019

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    Embassy office parks reit
    47,500 Mn

    REIT - IPO Mar 2019

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    Indinfravit trust
    8,380 Mn

    InvIT - Sell-side Advisory Feb 2019


Axis Capital’s infrastructure practice is led by

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    Suraj Krishnaswamy Managing Director - Infrastructure and Conglomerates

    Suraj heads Axis Capital’s industry coverage for TMT & Infrastructure. He also handles several key conglomerate relationships for Axis Capital. Based in Mumbai, he has been an integral part of Axis Capital/ENAM with nearly 2 decades of experience across M&A advisory, Equity Capital Markets, PE Adv...

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    Anuj Mittal Managing Director - Real Estate & Logistics

    Anuj leads chemicals, cements, logistics and industrial coverage for Axis Capital. He has 19 years of experience in investment banking in M&A advisory, capital markets and private equity financing. Anuj has previously worked with organizations like JM Financial, Edelweiss Capital and JP Morgan Chase...

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