Founded by former Tata Group executives, One Planet Partners plans to invest Rs 100–500 crore in high-growth mid-market companies, with the fund’s first close targeted for mid-2027.
Highlights
- One Planet Partners announces plans to raise a Rs 3,000 crore private equity fund.
- Fund will focus on energy transition, mobility and manufacturing-led industrial expansion.
- Japan’s Sumitomo Mitsui Trust Bank acquires a stake in OPP and agrees to anchor a dedicated PE fund.
Mumbai, October 29, 2026: Asset management firm One Planet Partners (OPP) on Thursday announced plans to raise a Rs 3,000 crore private equity fund to invest in high-growth Indian businesses operating across energy transition, mobility and manufacturing-led industrial expansion.
The investment platform, founded by former Tata Group executive Mukund Rajan and other industry professionals, also announced a strategic partnership with Japan’s Sumitomo Mitsui Trust Bank (SMTB).
Under the agreement, the Japanese financial institution has acquired a stake in OPP and will serve as an anchor investor in a dedicated private equity fund managed by the firm.
Rs 100–500 Crore Investment in Growing Businesses
One Planet Partners plans to focus on mid-market companies with strong growth potential and sustainable business models.
The fund will provide scale-up capital ranging from Rs 100 crore to Rs 500 crore to businesses generating annual revenues between Rs 200 crore and Rs 2,000 crore.
OPP aims to achieve the first close of its Rs 3,000 crore fund by mid-2027.
Focus on India’s Energy and Industrial Transformation
Mukund Rajan, Founder and Chairperson of One Planet Partners, said the company aims to build a world-class investment platform with strong institutional backing.
The investment strategy will focus on businesses benefiting from India’s economic expansion, energy transition and industrial transformation.
The firm plans to combine financial investment with operational expertise to help portfolio companies expand their businesses and strengthen competitiveness.
Japanese Banking Giant Backs India Investment Strategy
Kazuya Yoneda, General Manager in the Equity Investment Department of Sumitomo Mitsui Trust Bank, described India as an attractive long-term investment destination.
He said OPP’s leadership experience and track record played an important role in SMTB’s investment decision.
The Japanese bank also expects to develop a long-term partnership with OPP across different asset classes.
Experienced Leadership Team
OPP Founder and Managing Partner Bobby Pauly, who previously worked with the Tata Group, said the partnership would combine SMTB’s global investment capabilities and patient capital with OPP’s local market knowledge and business-building experience.
The firm’s founding team also includes Mrinalini Mirchandani, a former McKinsey senior partner who led its private equity practice in India, and Sheetal Thakkar, previously associated with Blackstone.
Supporting India’s Next Phase of Industrial Growth
Through its proposed fund, One Planet Partners intends to support companies positioned to benefit from India’s expanding manufacturing base and shift towards cleaner technologies.
The firm will pursue an active ownership approach, combining growth capital with strategic guidance and operational support to help businesses scale sustainably.
The initiative reflects growing institutional investor interest in India’s energy transition, industrial development and emerging manufacturing opportunities.
