Renewables*: Portfolio of 5+ GW across 5 states

Ports & Logistics: #2 player (based on volume market share) in the ports & logistics business, with a presence in 7 states

Smart Meters: Industry pioneer with 5 million+ operational meters across 7 states and union territories

Roads & Airports: 1000+ lane kilometres of roads, serving an average of 150,000 daily Passenger Car Units (PCUs). We are also strengthening regional air travel penetration and connectivity, through our two airport investments across 2 states

Digital Infrastructure & Data Centres: Our digital infrastructure platform has a presence in 21 states and 5 union territories; and our data centre platform is building India’s largest hyperscale facility in Navi Mumbai

* In February 2025, NIIF signed a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power Private Limited.

We have a presence in nearly every state and union territory, with investments spanning renewables, electric mobility, consumer, manufacturing, fintech, deeptech, healthcare and more

Infrastructure Financing: NIIF’s debt platforms support projects in 16 states and 2 union territories, with 50%+ of our loan book across 250+ projects dedicated to green project finance

India-Japan Fund: Two investments in electric mobility with manufacturing facilities across 5 states including upcoming plants

Electric Mobility*: 300,000+ EVs (including 2Ws, 3Ws, and e-buses) on road across 15+ states

* Includes investments across India-Japan Fund, Private Markets Fund and Strategic Opportunities Fund

Andhra Pradesh

Renewables, E-mobility, Consumer, Fintech, Infrastructure Finance, Healthcare
  • Ayana Renewable Power: Solar & wind energy portfolio of ~850W
  • Presence across multiple sectors through portfolio companies including renewables (Ayana, Radiance), e-mobility (GreenCell Mobility) consumer (Licious, Kushal's Retail), and fintech (Acko Technology & Services, Veritas Finance, CredRight)
  • Infrastructure Debt Platforms - 18+ projects (Aseem - 12 projects; NIIF IFL - 6 projects)
  • Manipal Hospitals - 2 hospitals in Vijaywada*
NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map and currently has 33 hospitals
On February 12, 2025, NIIF signed a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power Private Limited. The transaction, with an enterprise value of INR 195 billion (USD 2.3 billion), sees ONGPL acquire a 100% equity stake in Ayana.

Arunachal Pradesh

Fintech
  • Gross direct premium underwritten through Acko Technology

Assam

Smart Meters, Renewables, Fintech, Consumer, Infrastructure Finance
  • Orderbook of 2.12 million smart meters through IntelliSmart
  • Presence across multiple sectors through portfolio companies including renewables (Radiance), fintech (Acko Technology) and consumer (Kushal's Retail)
  • Infrastructure Debt Platforms - 1 project (NIIF IFL)

Bihar

Smart Meters Digital Infrastructure, Renewables, Fintech, Manufacturing, Infrastructure Finance
  • Orderbook of 3.6 million smart meters through IntelliSmart
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance), fintech (Acko Technology, Veritas Finance) and manufacturing (Parsons Nutritional)
  • Infrastructure Debt Platforms - 1 project (Assem)

Chhattisgarh

Digital Infrastructure, Renewables, Fintech, Infrastructure Finance
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables) and fintech (Acko Technology & Services, Veritas Finance)
  • Infrastructure Debt Platforms -3 projects (NIIF IFL)

Goa

Airports, Digital Infrastructure, Healthcare
  • Investment in GMR Goa International Airport
  • Digital Infrastructure presence through iBus
  • Manipal Hospitals - 1 hospital
NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map and currently has 33 hospitals

Gujarat

Renewables, Ports & Logistics, Smart Meters, Digital Infrastructure, Healthcare, E-Mobility, Consumer, Waste & Wastewater management, Infrastructure Finance
  • Ayana Renewable Power - Wind & Solar energy portfolio of 420MW
  • Ports & logistics (HIPL): multiple assets including 2 Container terminals, 2 Multimodal Logistics Parks
  • Orderbook of 4.6 million smart meters through IntelliSmart
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including healthcare/heathtech ('Sterling Addlife, BDR Pharmaceuticals), renewables (Radiance Renewables, Ayana Renewable Power), e-mobility (GreenCell Mobility), fintech (Kogta Financial, Acko Technology), consumer (Kushal's Retail, Safari Industries) and waste & wastewater management (EverEnviro)
  • Infrastructure Debt Platforms - 34+ projects (Aseem - 16 projects; NIIF IFL - 18 projects)
On February 12, 2025, NIIF signed a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power Private Limited. The transaction, with an enterprise value of INR 195 billion (USD 2.3 billion), sees ONGPL acquire a 100% equity stake in Ayana.

Haryana

Ports & Logistics, Smart Meters, Digital Infrastructure, Consumer, Fintech, Manufacturing, Infrastructure Finance
  • Ports & logistics (HIPL) - multiple assets including 2 multimodal logistics parks
  • Providing smart meter services in Haryana through IntelliSmart
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including consumer (Licious), fintech (Kogta Financial, Acko Technology), and manufacturing (Poly Medicure)
  • Infrastructure Debt Platforms - 4 projects (Aseem - 2 projects; NIIF IFL - 2 projects)

Himachal Pradesh

Digital Infrastructure, Renewables, E-mobility, Fintech, Manufacturing
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), e-mobility (Lithium Urban Technology), fintech (Kogta Financial, Acko Technology), and manufacturing (Parsons Nutritionals)

Jharkhand

Digital Infrastructure, Renewables, Fintech, Infrastructure Finance
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables) and fintech (Acko Technology, Veritas Finance)
  • Infrastructure Debt Platforms - 1 project (Aseem)

Karnataka

Renewables, Roads, Digital Infrastructure, Waste & Wastewater Management, E-Mobility, Affordable Housing, Consumer, Fintech, Healthcare/Healthtech, Manufacturing, Technology, Infrastracture Finance
  • Ayana: Solar & wind energy portfolio of ~2.2GW
  • Athaang Infrastructure -22km Devanahalli toll road
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables Ayana Renewable Power), waste and wastewater management (EverEnviro, Kathari Water Management), e-mobility (GreenCell Mobility, Lithium Urban Technology, TI Clean Mobility, Exponent Energy), affordable housing (HDFC Capital), consumer (Licious, Kushal's Retail, VTION), Fintech (Acko Technology, Veritas Finance), Healthtech/Healthcare(Dozee, Natural Biogenix), manufacturing (Parsons Nutritionals, Aequs) and technology (SubCom, Contiinex, EtherealX, QpiAi, DeepMatrix)
  • Infrastructure Debt Platforms - 61 projects (Aseem - 20 projects; NIIF IFL - 41 projects)
  • Manipal Hospitals- 17 hospitals
  • Ather Energy - Corporate Office in Bengaluru
  • Mahindra Last Mile Mobility - 1 factory and 1 R&D centre in Bengaluru
NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map and currently has 33 hospitals
On February 12, 2025, NIIF signed a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power Private Limited. The transaction, with an enterprise value of INR 195 billion (USD 2.3 billion), sees ONGPL acquire a 100% equity stake in Ayana.

Kerala

Ports & Logistics, Digital Infrastructure, Renewables, Consumer, Fintech
  • Ports & logistics (HIPL): multiple assets including 1 container terminal
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies includin renewables (Radiance Renewables), consumer (Licious, Kushal's Retail) and fintech (Acko Technology)

Maharashtra

Ports & Logistics, Data Centres, Digital Infrastructure, Renewables, Waste Management, E-mobility, Fintech, Affordable Housing, Consumer, Healthcare, Healthtech, Manufacturing, Infrastructure Financing
  • Ports & logistics (HIPL): multiple assets including 2 Container Terminals, 1 Freetrade Warehousing Zone, and 1 Container Freight Station
  • Digital Edge India - 300MW hyperscale data centre in Navi Mumbai, largest in APAC
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), waste and wastewater management (EverEnviro), e-mobility (GreenCell Mobility, Lithium Urban Technology), fintech (Accretive Cleantech, Kogta Financial, Acko Technology), affordable housing (HDFC Capital), consumer (Licious, Kushal's Retail, Safari Industries, VTION), healtcare/healthtech (Dozee, Emil Pharmaceutical), technology, (Miko, Wiom, Datamotive) and manufacturing (Printmann Offset)
  • Infrastructure Debt Platforms - 43 projects (Assem - 22 projects; NIIF IFL - 21 projects)
  • Manipal Hospitals - 2 Hospitals in Pune
  • Ather Energy - 1 Factory in Aurangabad
  • Mahindra Last Mile Mobility - Corporate Office in Mumbai
NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map and currently has 33 hospitals
Ather Energy's manufacturing facility in Aurangabad is an upcoming factory

Madhya Pradesh

Digital Infrastructure, Renewables, Waste Management, E-Mobility, Fintech, Consumer, Infrastructure Finance
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), waste management (EverEnviro), electric mobility (GreenCell Mobility, Lithium Urban Technology ), fintech (Kogta Financial, Acko Technology, Veritas Finance) and consumer (Kushal's Retail)
  • Infrastructure Debt Platforms - 7 projects (Aseem - 2 projects; NIIF IFL - 5 projects)

Manipur

Fintech
  • Providing digital insurance through Acko Technology

Meghalaya

Fintech
  • Providing digital insurance through Acko Technology

Mizoram

Fintech
  • Providing digital insurance through Acko Technology

Nagaland

Fintech
  • Providing digital insurance through Acko Technology

Odisha

Digital Infrastructure, Renewables, Fintech, Technology
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), fintech (Acko Technology, Veritas Finance) and technology (Datoms)

Punjab

Digital Infrastructure, Renewables, Fintech, Technology
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), waste management (EverEnviro), consumer (Licious) and fintech (Kogta Financial, Acko Technology)
  • Infrastructure Debt Platforms - 8 projects (Aseem - 1 project; NIIF IFL - 7 projects)
  • Manipal Hospitals - 1 hospital in Patiala
1 NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map & currently has 33 hospitals

Rajasthan

Renewables, Smart Meters, Digital Infrastructure, Waste Management, E-Mobility, Consumer, Fintech, Healthcare, Healthtech, Manufacturing, Infrastructure Finance
  • Ayana Renewable Power - Solar energy portfolio of ~1.35GW
  • Providing smart meter services in Rajasthan through IntelliSmart
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables, Ayana Renewable Power) waste management (EverEnviro), e-mobility (GreenCell Mobility, Lithium Urban Technology), consumer (Licious, Safari Industries), fintech (Kogta Financial, Acko Technology), Healthcare/healthtech (Apex Hospitals, Globela Pharma), and manufacturing (Parsons Nutritionals, Poly Medicure)
  • Infrastructure Debt Platforms - 27 projects (Aseem - 9 projects; NIIF IFL - 18 projects)
  • Manipal Hospitals - 1 hospital in Jaipur
NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map and currently has 33 hospitals
On February 12, 2025, NIIF signed a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power Private Limited. The transaction, with an enterprise value of INR 195 billion (USD 2.3 billion), sees ONGPL acquire a 100% equity stake in Ayana.

Sikkim

Digital Infrastructure
  • Digital Infrastructure presence through iBus

Tamil Nadu

Renewables, Ports & Logistics, E-Mobility, Consumer, Fintech, Infrastructure Finance, Healthcare, Manufacturing
  • Ayana Renewable Power - 100 MW Tirunelveli solar power project
  • Ports & logistics (HIPL) - multiple assets including 1 Container terminal, 2 Container Freight Stations
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables, Ayana Renewable Power), e-mobility (GreenCell Mobility, Lithium Urban Technologym, TI Clean Mobility), consumer (Licious, Kushal's Retail) and fintech ( Acko Technology, Veritas Finance, CredRight)
  • Infrastructure Debt Platforms - 12 projects (Aseem - 2 projects; NIIF IFL - 10 projects)
  • Manipal Hospitals - 1 hospital in Salem
  • Ather Energy - 1 Factory in Hosur
NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map and currently has 33 hospitals
On February 12, 2025, NIIF signed a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power Private Limited. The transaction, with an enterprise value of INR 195 billion (USD 2.3 billion), sees ONGPL acquire a 100% equity stake in Ayana.

Tripura

Fintech
  • Providing digital insurance through Acko Technology

Telangana

Ports & Logistics, Roads, Digital Infrastructure, Renewables, Waste Management, E-mobility, Consumer, Healthcare, Manufacturing, Consumer, Infrastructure Finance
  • Ports & logistics (HIPL) - multiple assets including 1 multimodal logistics park
  • Athaang Infrastructure - 240 lane kms of toll roads (Dichpally)
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables); waste management (EverEnviro), e-mobility (GreenCell Mobility, Lithium Urban Technology), consumer (Licious, Kushal's Retail), healthcare/manufacturing (BDR Pharmaceuticals) and consumer (Acko Technology & Services, Veritas Finance, CredRight)
  • Infrastructure Debt Platforms - 10 projects (Aseem - 1 project; NIIF IFL - 9 projects)
  • Mahindra Last Mile Mobility - 1 factory in Zaheerabad

Uttar Pradesh

Ports & Logistics, Smart Meters, Roads, Digital Infrastructure, Waste Management, E-Mobility, Consumer, Fintech, Technology, Manufacturing
  • Ports & Logistics (HIPL) - multiple assets including 2 multimodal logistics parks
  • Orderbook of 9.5 million smart meters through IntelliSmart
  • Athaang Infrastructure - 438 lane kms of toll roads
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including waste management (EverEnviro), e-mobility (GreenCell Mobility), consumer (Licious, Kushal's Retail), fintech (Kogta Financial, Acko Technology), technology (Wiom) and manufacturing (Parsons Nutritionals)
  • Infrastructure Debt Platforms - 9 projects (Aseem - 5 projects; NIIF IFL - 4 projects)

Uttarakhand

Digital Infrastructure, Renewables, E-Mobility, Fintech, Healthcare, Manufacturing
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), e-mobility (GreenCell Mobility), healthcare/manufacturing (Zenex Animal Health, Poly Medicure), fintech (Acko Technology)
  • Mahindra Last Mile Mobility - 1 factory in Haridwar

West Bengal

Digital Infrastructure, Renewables, Wastewater Management, E-Mobility, Affordable Housing, Consumer, Fintech, Healthtech, Healthcare, Infrastructure Finance
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), wastewater management (Kathari Water Management), e-mobility (Lithium Urban Technology), affordable housing (HDFC Capital), consumer (Licious, VTION), fintech (Acko Technology, Veritas Finance), healthtech (Dozee)
  • Infrastructure Debt Platforms - 3 projects (Aseem - 2 projects; NIIF IFL - 1 project)
  • Manipal Hospitals - 1 hospital in Kolkata
NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map and currently has 33 hospitals

Andaman & Nicobar (UT)

Digital Infrastructure
  • Digital Infrastructure presence through iBus

Chandigarh (UT)

Digital Infrastructure, Renewables, E-Mobility, Consumer, Fintech
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), e-mobility (GreenCell Mobility), consumer (Licious, Kushal's Retail) and fintech (Kogta Financial, Acko Technology)

Dadra & Nagar Haveli and
Daman & Diu (UT)

Fintech
  • Providing digital insurance through Acko Technology

Dadra & Nagar Haveli and
Daman & Diu (UT)

Fintech
  • Providing digital insurance through Acko Technology

Chandigarh (UT)

Digital Infrastructure, Renewables, E-Mobility, Consumer, Fintech
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), e-mobility (GreenCell Mobility), consumer (Licious, Kushal's Retail) and fintech (Kogta Financial, Acko Technology)

Delhi [National Capital Territory (NCT)]

Digital Infrastructure, Smart Meters, Renewables, Waste Management, E-Mobility, Affordable Housing, Healthcare, Consumer, Fintech, Technology, Manufacturing, Infrastructure Financing
  • Digital Infrastructure presence through iBus
  • Providing smart meter services in Delhi through IntelliSmart
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), waste management (EverEnviro), e-mobility (GreenCell Mobility, Lithium Urban Technology, TI Clean Mobility), affordable housing (HDFC Capital), consumer (Licious, VTION), fintech (Kogta Financial, Acko Technology), technology (Wiom, Contiinex, Aliste), and manufacturing (Poly Medicure)
  • Infrastructure Debt Platforms - 1 project (Aseem)
  • Manipal Hospitals - 1 hospital in Delhi, 1 hospital in Gaziabad, 1 hospital in Gurugram
NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map and currently has 33 hospitals

Jammu & Kashmir (UT)

Roads, Digital Infrastructure, Infrastructure Finance
  • Athaang Infrastructure - 320 lane kms of toll roads across two projects (NQEPL, Jammu-Udhampur)
  • Digital Infrastructure presence through iBus
  • Infrastructure Debt Platforms - 1 project (Aseem)

Ladakh (UT)

Fintech
  • Providing digital insurance through Acko Technology

Lakshadweep (UT)

Fintech
  • Providing digital insurance through Acko Technology

Puducherry (UT)

Digital Infrastructure, Renewables, E-mobility, Fintech
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables), e-mobility (GreenCell Mobility ) and fintech (Acko Technology & Services, Veritas Finance)

Maharashtra

OTHERS - Renewables, Smart Meters, Digital Infrastructure, Waste Management, E-Mobility, Consumer, Fintech, Healthcare, Healthtech, Manufacturing, Infrastructure Finance
  • Ayana Renewable Power - Solar energy portfolio of ~1GW
  • Providing smart meter services in Rajasthan through IntelliSmart
  • Digital Infrastructure presence through iBus
  • Presence across multiple sectors through portfolio companies including renewables (Radiance Renewables, Ayana Renewable Power), waste management (EverEnviro), e-mobility (GreenCell Mobility, Lithium Urban Technology), consumer (Licious, Safari Industries), fintech (Kogta Financial, Acko Technology), Healthcare healthtech (Apex Hospitals, Globela Pharma), and manufacturing (Parsons Nutritionals, Poly Medicure)
  • Infrastructure Debt Platforms - 27 projects (Aseem - 9 projects; NIIF IFL - 18 projects)
  • Manipal Hospitals - 1 hospital in Jaipur 1
1 NIIFL exited Manipal Hospitals in April 2023. The company had 29 hospitals during NIIF's investment horizon that are shown in this map & currently has 33 hospitals
On February 12, 2025, NIIF signed a Share Purchase Agreement (SPA) with ONGC NTPC Green Private Limited (ONGPL) to exit its investment in Ayana Renewable Power Private Limited. The transaction, with an enterprise value of INR 195 billion (USD 2.3 billion), sees ONGPL acquire a 100% equity stake in Ayana.
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