IDFC Alternatives

IDFC Alternatives is an investment management firm based in India, specializing in providing financial services with a focus on infrastructure financing and development. The firm is a part of IDFC, a prominent finance company in the region. IDFC Alternatives aims to create value through strategic investments in various sectors, leveraging its expertise in infrastructure to drive growth and development. With a commitment to enhancing the economic landscape, the firm plays a vital role in facilitating the funding and management of infrastructure projects across the country.

Satish Mandhana

Managing Director

Raja Parthasarathy

Managing Director

Prakash Karnik

Executive Vice President

Past deals in Maldives

Ashoka Buildcon

Private Equity Round in 2006
Ashoka Buildcon Ltd. is one of the leading highway developers in India. The Company is an integrated EPC and BOT player. It has a portfolio of 36 PPP projects, which is the largest in number by any private player in India. Besides construction of highways and bridges the company is also engaged in Power Transmission and Distribution on EPC basis. Ashoka has worked in over 20 states across the country, and completed prestigious projects for Central as well as State Governments. Overseas it is constructing road network for Housing Development Corporation in the Republic of Maldives. The company is one of the first Indian infrastructure companies to be certified for Integrated Management Systems, which encompasses ISO certification for Quality, Occupational Health and Safety and Environment. Ashoka Buildcon is strengthened with a strong talent pool of technical as well as support staff. It’s strong financials give it the ability to bid and execute large scale projects.
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