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3 Jun 2025
Synergy Capital, a dynamic and rapidly growing private credit fund, is pleased to announce an investment of ₹640 crore (~ $75 million) in the Shapoorji Pallonji (SP) Group, the esteemed Indian conglomerate under the stewardship of the Mistry family.
The transaction, which raised a total of c. $3.4 billion, is India’s largest ever private credit transaction.
The funds will be used to refinance existing debt facilities as well as to support broader corporate initiatives across the SP Group.
This transaction further strengthens Synergy Capital’s established partnership with SP Group, building on a track record of successful private credit and private equity investments over recent years. Sudhir Maheshwari, Founder and Managing Partner of Synergy Capital, commented:
“With our latest investment, Synergy Capital strengthens its enduring relationship with the Shapoorji Pallonji Group, marking the sixth collaboration between our organizations. This continued partnership underscores a foundation of confidence and shared vision that has grown through each successive engagement.”
About Synergy Capital
Synergy Capital is an Asia-focused alternative investment manager with a strategic emphasis on India. It provides clients with curated investment solutions across the full credit spectrum in infrastructure and industrials.
Headquartered in Dubai, the fund maintains a presence in Singapore and India.