KSH Infra plans ₹1,250 crore AIF; names Shailesh Agrawal to lead fund
Fund will focus on greenfield industrial assets in key cities, with ₹500 crore co-investment planned to support expansion across major corridors by 2030.
KSH INFRA plans to set up a Category II Alternative Investment Fund (AIF) with a target corpus of about ₹1,250 crore and has appointed Shailesh Agrawal as Head – Fund Management to lead the proposed platform.
The fund is expected to raise an additional ₹500 crore through co-investment commitments alongside the main corpus. It will focus on investing in greenfield Grade A industrial and logistics assets across West and South India, including Pune, Mumbai, Chennai and Bengaluru.
Agrawal brings over 15 years of experience in fund management, private equity advisory and corporate strategy. He will be responsible for setting up and leading the fund platform. Prior to joining KSH INFRA, he led Fund Management and Strategy at Welspun One, where he handled capital raising, investment strategy, portfolio management and investor relations. Earlier, he worked with Bain & Company, Alvarez & Marsal and Tata Group. He is an alumnus of IIT Madras and IIM Ahmedabad.
Sundaresan Vaidyanathan, CEO, KSH INFRA, said the company’s plan to launch the AIF is aimed at strengthening its ability to partner with long-term investors and accelerate development across key markets. He added that Agrawal’s experience in fund management and real asset investing will support the firm in scaling its fund platform.
Agrawal said India’s logistics and manufacturing ecosystem is undergoing structural transformation, driven by manufacturing growth, supply chain formalisation and increasing adoption of third-party logistics services. He added that development capital, backed by underwriting discipline and operating expertise, can generate risk-adjusted returns, and that KSH INFRA’s track record and experience with institutional investors provide a strong base to build an institutional platform.
KSH INFRA is expanding its presence across key locations in India and has previously partnered with global institutional players such as Pacific Century Group, Morgan Stanley, Mapletree and Indospace. The company has executed projects covering 7 million square feet with a combined investment of ₹2,000 crore.
In October 2025, KSH INFRA partnered with WSB Real Estate Partners and co-investors to develop a 50-acre industrial and logistics park in Hosur, Bengaluru, with a total investment of ₹475 crore. The company currently has 3 million square feet under development and plans to add over 10 million square feet across major industrial corridors by 2030.