About Us

We are an independent, India-dedicated Private Equity firm, generating high alpha by partnering with capable local entrepreneurs to participate in the profitable growth of India’s consumption story.

Renuka Ramnath

Multiples was founded in 2009 by Renuka Ramnath,

emerging from a vision to create a highly-respected, sustainable and successful institution focused on alternate asset investments in India.

With close to $3 bn under management, and a portfolio of 30 companies across three funds, Multiples now has a stellar track record of wealth creation in partnership with entrepreneurs and investors.

We have a unique understanding of the Indian business environment

The dynamic Indian business environment requires a flexible investment approach. Our local market understanding allows us to act swiftly in making distinctive investments across sectors and life stages.

Indian Business Environment

We have built a credible reputation and deeply entrenched network of relationships in corporate India

We are a team of seasoned private equity professionals with a full cycle track record of investing, partnering and exiting companies. Our market reputation and deep, entrenched network of relationships in corporate India allows us to win deals of choice and drive positive change in our portfolio companies.

Our flexible investment approach allows us to maximize value

Multiples has a broad investment strategy, covering varied sectors and situations ranging from minority investments to buyouts. Our nimble, agile approach in adapting to diverse deal constructs helps expand our canvas of opportunities and maximize value, regardless of transaction type and stake.

We partner beyond capital to unleash the true potential of businesses

Recognizing that capital is but one aspect of investment, we actively engage with promoters and management teams to imagine new possibilities. Our entrepreneurial mindset and relationships of trust help propel businesses to stronger growth trajectories.

Our business philosophy is anchored in clearly-defined values, which are embedded in the DNA of Multiples through processes, investment frameworks and a shared understanding of what makes a ‘Multiples deal.’