NIIF has achieved major milestones over the past year—across exits, new investments, strategic initiatives, and thought leadership. The third edition of our 2025–26 newsletter captures key developments across our funds and platforms, reflecting NIIF’s continued commitment to mobilising capital for India’s long-term growth.

Key highlights include:

• Landmark exits: One of India’s largest renewable energy platform exits with the sale of Ayana Renewable Power (EV ~$2.3B); partial exit from Ather Energy following its IPO; and divestment of three road assets through the Athaang platform
• Green mobility: Second electric mobility investment from the India-Japan Fund in Ather Energy, reinforcing our support for sustainable transportation
• Private Markets Fund I: Final investment made in InvAscent’s India Life Sciences Fund IV, completing the portfolio with nine fund commitments across growth equity, climate, healthcare, deeptech, and structured credit
• Catalysing development: Supporting the creation and expansion of new asset classes such as space-tech VC, purpose-built student accommodation, and healthcare infrastructure
• Engagement & insights: Highlights from NIIF’s flagship Annual Investor Conference, CFO Summit, and ESG Summit—platforms for dialogue, collaboration, and strategy
• Research & impact: Release of the India GRIX 2025 macroeconomic report and NIIF’s first consolidated ESG & Impact Report, underscoring our focus on responsible investing and long-term value creation.

Each of these updates reflects NIIF’s commitment to delivering long-term value and catalysing global capital into India’s growth story.