RevX Capital | SEBI Registered Category II AIF

Special Credit opportunities Fund

Structured Capital for asset-heavy Indian Businesses at critical inflection points.
900 Cr
Target Corpus
600+ Cr
Capital Deployed
9+
Funded Transactions
90 Cr
 Investment Size Up to 
20 - 23%
Target Gross XIRR
SEBI Registration Number: IN/AIF2/25-26/1917
Why Choose RevX Capital S.C.O.F?
Offering Structured Solutions for the underserved ₹30–90 Cr credit gap.
Asset-heavy, cash-generative Indian businesses with ₹200–800 Cr in revenue face a structural funding gap. They're too small for large PE funds, too large for local NBFCs, and too complex for traditional banks.
RevX SCOF was built specifically for this white space providing flexible structured credit in the ₹30–90 Cr range with speed, certainty, and alignment.
We focus on asset coverage, cash flow ring-fencing, and clear exit paths not on theoretical growth stories.
Capital Source
Activity
Key Constraints
Banks
Inactive
Risk-averse, regulatory constraints, need rated/secured large-ticket
NBFCs
Selective
Retail-focused, gold, LAP, MSMEs. Zero appetite for structured credit
RevX SCOF
Active
Purpose-Built for Addressing India's Mid-Market Credit Gap
Large Funds
Sporadic
Want ₹200 Cr+. Mid-market ticket economics don't work for them
Foreign Funds
Inactive
Too small, too complex, not worth the underwriting overhead
Three Avenues for Capital Deployment
Every deployment goes through the same underwriting process. The situations vary, the standards don't.
>50% Portfolio Allocation
Growth Funding
Structured capital for expansion, capacity addition, capex completion, and balance sheet work tied to operating cash flows and hard assets.
Security
2.0–2.5×
Gross XIRR
21–23%
Tenor
24–36 Months
Deployment Scenarios
Liquidity mismatch, last-mile project finance, lender refinancing, capex completion for near-operational assets.
>25% Portfolio Allocation
Strategic & Event-Driven Funding
Capital for acquisitions, promoter funding, pre-IPO bridges, and corporate actions where certainty and speed of execution matter more than the interest rate
Security
1.5–2.0×
Gross XIRR
20–22%
Tenor
12–24 Months
Deployment Scenarios
Acquisition financing, promoter stake purchase ahead of IPO, bridge between equity rounds, settlement-linked refinancing.
<25% Portfolio Allocation
Turnaround Funding
Tightly structured credit for businesses that are fundamentally viable but navigating operational or balance sheet transitions. Higher security cover, shorter leash, more control.
Security
2.5–3.0×
Gross XIRR
22–24%
Tenor
12–24 Months
Deployment Scenarios
Debt buyout and revival, OTS settlement financing, post-resolution restart capital.
What We Don't Do
Early-Stage Startups
Asset-Light Businesses
Pure Trading Businesses
Unsecured Opportunities
NCLT-Admitted Entities
Who We Back
We work with established, asset-rich businesses where the capital need comes from a specific event or juncture, not from cash flow distress.
Sector
Agnostic
Revenue
>₹150 Cr
Our Preference
Sole lender + PG + Board Seat
EBITDA
10%+
Leverage
<4×
Vintage
>5 yrs
Operators
01
Established Operators at Expansion Junctures
Operators
01
Established Operators at Expansion Junctures
₹150 Cr+ revenue and 10+ years of operating history. Typically found across manufacturing, energy, infrastructure, healthcare, and other asset-heavy sectors. These businesses are fundamentally profitable but face a specific capital bottleneck an unfinished capex project, a growing order book, capacity expansion, or a balance sheet constraint that traditional lenders are unable or unwilling to address. They need flexible, structured capital delivered with speed and certainty
CASE EXAMPLE
An oilfield services company with ₹100 Cr+ EBITDA and 40+ rigs needing refinancing and working capital to scale fleet operations.
Promoters
02
Promoters at Strategic Junctures
Promoters
02
Promoters at Strategic Junctures
Experienced promoters of scaled businesses who need capital for an acquisition, stake consolidation, pre-IPO restructuring, or settlement. They have real assets, real estate, operating businesses, listed and unlisted equity, but need structured capital quickly, with certainty.
CASE EXAMPLE
A hospital chain promoter acquiring additional stake at a discount from a PE investor ahead of a planned IPO, backed by personal properties, equity pledge, and medical practice cash flows.
In Transition
03
Viable Businesses in Transition
In Transition
03
Viable Businesses in Transition
Asset-heavy businesses that have been through disruption, delayed projects, lender disputes, COVID setbacks, but have a defined recovery path. Not distressed in the IBC sense. Real assets, real customers, a clear turnaround plan. They need capital to settle legacy obligations and restart.
CASE EXAMPLE
A mid-sized NCR real estate developer with 60% project completion, ₹44 Cr in sold receivables, and unsold inventory needing capital to settle stressed lenders and restart construction.
Investment Process Timeline Capital Deployed Within 45–60 Days
Institutional underwriting with rigorous due-diligence and independent investment committee oversight, without compromising speed of execution
1
Screening
Day 1–3
Deal assessed against core parameters. Standardised summary prepared for Investment Head.
2
DD Level 1
Day 3–8
Business fundamentals, financials, management, governance. Indicative terms shared.
3
Term Sheet
Day 8–12
Indicative terms accepted. Commitment fee confirms borrower intent. Detailed term sheet issued.
4
DD Level 2
Day 12–40
External legal, financial, commercial, and technical diligence. Industry benchmarking. Model stress-testing.
5
Pre-IC
Day 30–40
IC involved basis red flag report. Review for structural risks, red flags, covenant gaps.
6
IC Approval
Day 40–45
Full proposal reviewed by IC including independent external members. Majority-approval process.
7
Disbursement
Day 45–60
Legal documents executed, conditions precedent satisfied, covenants confirmed, funds disbursed.
Portfolio Highlights 
 600+Cr capital deployed across a well-diversified portfolio.
Education
Growth
K-12 platform, 20+ year operating history, multiple campuses. Needed refinancing of legacy lenders and growth capital for expansion. Secured against school land, buildings, and commercial properties.
Security Cover
~2.5×
Hospitality
Growth
Multi-brand restaurant group with established operations. Expansion capital for new locations. Charge on fixed assets, brand IP, and commercial property.
Security Cover
~2.25×
Promoter Funding
Event-Driven
Industrial promoter needing settlement-driven refinancing. Secured against prime residential and commercial real estate across multiple cities. Full escrow control over collections.
Security Cover
~3.5×
Power
Event-Driven
150 MW thermal power plant acquired through NCLT resolution. Long-term PPA with state discom providing revenue visibility and stable cash flow for structured repayment.
Security Cover
>~2×
Aquaculture
Growth
Export-driven shrimp processor with 20+ years of operations OCD structure with 23% floor return, IPO-linked upside, and security over land and promoter shareholding.
Security Cover
OCD + IPO Upside
Oil & Gas
Turnaround
One of India's largest private onshore drilling operators with 40+ rigs. Refinancing and working capital to scale fleet operations. Secured against rigs, factory land, and fixed assets.
Security Cover
>3.0×
Partner with RevX Capital
Built for businesses that need more than a bank.
Built for investors who want more than a fixed deposit.