Mumbai/GIFT City, Gandhinagar, April 30, 2025 — Artha Global Opportunities Fund, the first Foreign Portfolio Investor (FPI) focused on distressed assets and special situations to shift its domicile from Mauritius to GIFT City, Gandhinagar, has exited investment in securities receipts of non-performing assets (NPAs) in India netting an over 6X return on its original $112 million investment.
“After repaying loans had taken to enhance the internal rate of return (IRR) for our investors, we have now netted a sum of $600 million, delivering over six times return for our investors in the Artha Global Opportunities Fund within just 2 years since launch,” said Sachin Sawrikar, Managing Partner, Artha Bharat Investment Managers IFSC LLP.
The Artha Global Opportunities Fund is a $132.5 million (₹1,100 crore) closed-ended fund with a 7-year tenure classified as a Category III Alternate Investment Fund (AIF) as per IFSCA regulations. It specializes in acquiring non-performing loans (NPLs) backed by operational assets through high-value private market transactions. “We are currently evaluating three new distressed investment opportunities to redeploy the realized capital and enhance returns for our investors over the balance life of the fund,” added Sawrikar.
This landmark exit, rivaling returns typically seen in private equity and venture capital, highlights the effectiveness of India’s distressed asset resolution framework under the Insolvency and Bankruptcy Code (IBC). “While there has been some criticism of the time taken by the IBC process to realize dues for lenders, our exit shows that smart selection of assets can allow investors to earn very attractive IRRs on their investments,” added Sawrikar.
Founded by Sachin Sawrikar, a seasoned private equity professional and former SBI Mutual Fund equity fund manager, Artha Bharat relocated its base in alignment with Prime Minister Narendra Modi’s vision of transforming GIFT City into a world-class international financial services hub.
