Strategic Capital
Bespoke financing solutions for performing companies with strong fundamentals and sustainable growth trajectories
India-Based
Mid-Market Companies
Flexible Solutions
Across the Capital Structure
Sector Focused
Investment Philosophy
About Us
Private Credit is an investment strategy by DMI Alternatives Private Limited, which is part of DMI. Our strategy is to provide tailored credit and hybrid financing solutions to empower India’s entrepreneurs.
End Markets
Healthcare
Technology
Business Services
Manufacturing
Financial Services
Our Approach
We partner with companies that demonstrate strong fundamentals and alignment
with our investment philosophy
Proven Track Record
Companies with storied operating history, strong unit economics and positive cash flows.
Use of Proceeds
Funding greenfield/brownfield initiatives, inorganic growth via M&A, facilitating succession planning or preparing for exits via public or private markets.
Strong Governance
Management teams that align with our values of strong governance, ethics, and prudent capital allocation.
Secular Tailwinds
Focus on end markets with long-term secular growth drivers and sustainable competitive advantages.
Responsible Finance
Supporting companies that create impact and deliver environmental and/or social value.
Flexible Capital
Ability to invest across credit and hybrid solutions to deliver the optimal capital structure for portfolio companies.
India’s Private Capital Opportunity
With ~US$60B+ of private equity capital outlined for Indian-centric investments over the next 5 years, along with meaningful inflows (~$70B in FY25) into Indian public equity markets, we believe that the middle market will shape the future of the investable universe for institutional investors. Coupled with high savings rates, consistent and recurring GDP growth, and a supportive regulatory environment, there are several secular tailwinds across sectors in the Indian economy that will continue to grow; including technology (~20%+ growth), healthcare (~20%+), manufacturing (~10%+), business services (~15%+) and financial services (18%+). DMI Private Credit is looking to back entrepreneurs across these sectors.
Flexible Financing Solutions
Empowering India’s Entrepreneurs
DMI Private Credit provides tailored financing solutions to best-in-class and cash-flowing companies. We provide patient capital to match your company’s needs primarily through debt and hybrid capital solutions.
Leadership Team
Shivashish Chatterjee is a Co-Founder of the DMI Group where he is a driving force behind the Group’s vision and strategy.
A 25-year veteran of international financial markets, Shivashish Chatterjee brings a wealth of experience in Global Fixed-Income trading and analytics that complements and informs DMI’s activities. Shivashish Chatterjee spent the vast majority of his Wall Street days at Salomon Brothers, a storied fixed-income powerhouse that was eventually acquired by Citigroup Inc.
One of the youngest-ever Managing Directors at Salomon Brothers and Citigroup Inc., he held a wide variety of positions spanning core research in interest rate and prepayment modelling to trading a range of interest rate derivatives and mortgage-backed securities. Shivashish Chatterjee became Co-Head of all securitised products trading in North America in 2004 before leaving in 2008 to start DMI.
Yuvraja C. Singh is Co-Founder of the DMI Group, where he is jointly responsible for all aspects of the firm’s activities.
Yuvraja C. Singh brings over three decades of experience in finance to his role, with an expertise in fixed income structuring, trading, and risk management. He began his career in the risk management department at Commodities Corporation, a leading commodity and futures trading firm, now a part of Goldman Sachs. In 1995, Yuvraja Singh moved to Wall Street, trading mortgage-backed securities at Lehman Brothers and eventually running the firm’s mortgage derivatives desk. In 2000, he took on a new challenge and followed his entrepreneurial passion, becoming partner at Compro Technologies, a small software development firm in India. In 2003, Yuvraja C. Singh returned to Wall Street and joined the Fixed Income Department at Citigroup, where as a Managing Director he oversaw the agency CMO fixed rate and IO/PO trading desks.
Yuvraja C. Singh is a graduate from Princeton University’s class of 1994, with a B.A. in Economics. He currently serves on the Advisory Council of the MS Chadha Center for Global India and the President’s Roundtable at Princeton University and has previously served on the Board of Governors of The British School in New Delhi.
Harein Uppal is the Head of Private Credit Investments at DMI Alternatives, where he oversees the firm’s private credit strategy, portfolio construction, and investment execution.
He brings extensive global experience in building and scaling institutional private credit portfolios across markets and asset classes. Prior to joining DMI, Harein held key investment roles at OMERS, one of Canada’s largest pension funds, where he was an early member of the Private Credit and Alternative Investments team. At OMERS, he played a pivotal role in expanding the portfolio across geographies and product types—including direct lending, securitizations, asset-based lending, and mezzanine capital—and in developing the team’s global footprint.
Harein holds an Honours Business Administration (HBA) degree from the Ivey Business School, graduating with Distinction and Dean’s Honours. He has also been recognized as a Future Leader by the Alternative Investment Forum (AIF), a global think tank for the alternatives industry.
Join Our Team
We’re always looking for talented individuals who share our passion for supporting high-quality businesses and driving value creation. If you’re interested in joining a dynamic team at the forefront of private credit in India, we’d love to hear from you.
Contact Us
Let's discuss how we can support your
company's growth