Investors with perspective. Focused on your company's success.

We are one of the most successful investment firms dedicated to consumer, business services, financial services and technology investments in India. Our singular goal is to work with talented management teams focused on growing their companies and shaping their industries. We are backed by industry veterans, U.S. financial institutions as well as global fund of funds. The Madison India Capital team has 50+ years of collective investing experience in companies in our industries of focus.
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Indian Energy Exchange (IEX) is India’s leading power trading platform. The company commenced operations in 2008 to facilitate the equitable, transparent and efficient trading of power with a multi-buyer and seller model. IEX is the world’s first electronic power exchange operating in a supply deficit scenario providing trading, settlement, and scheduling services.


UnitedLex is a global leader in legal and business solutions which provides technology-backed litigation support, intellectual property and advisory services to its clients across multiple geographies. It delivers solutions in-house enabling clients to avoid costly mark ups and inefficiencies encountered when dealing with multiple vendors.


Micromax Informatics Ltd is the leading Indian handset maker as well as the 12th largest mobile handset manufacturer in the world. The company designs, produces and distributes mobile handsets through over 30,000 retail points in 120 cities and is amongst the fastest growing mobile handset companies in India.


SCIO Health Analytics (SCIO) offers data analytic solutions and services to the healthcare industry. Its primary business today is using its data analytic capabilities to help health insurance companies identify and eliminate fraudulent/improper claims from health providers such as doctors and hospitals; assist large employers in optimally structuring their group health insurance plans...


India Shelter Finance is a housing finance company that provides mortgage finance of up to a maximum of Rs. 20 lakhs to low and middle income semi-urban borrowers for a period of up to 15 years. These loans can be used by borrowers for purchase of apartments, construction of homes, home improvements and home extensions.


Pine is a provider of intelligent Point of Sale (POS) payment terminal solutions to merchants in India with a significant market share of all credit card and debit card transactions in India. It has leveraged its analytics engine and network of brands, merchants and manufacturers to allow issuer banks to process instant EMI (credit) for purchases.


Coupang is a leading e-commerce company in South Korea. The company has over 25 million app downloads and is amongst the fastest growing e-commerce companies in the world. Coupang has national coverage through 5 fulfilment centres with proprietary warehouse management systems and a capacity to handle over 20 million packages per year.

September 23, 2020
Pine Labs smart PoS device offers all apps in one device for small merchants
The payments company is trying to be the one stop shop in terms of payments, billing, invoicing...
September 11, 2020
Need to have standardisation of costs and procedures: Star Health and Allied Insurance MD
Hospitals expect insurance companies to understand their difficulties and pay for expenses incurred...