Ergatha is a permanent-capital investment firm. We own and improve companies in India for the long term.
Where the firm stands today →We hold ourselves to three things.
Profitable, durable, and with real room to grow. Nothing else on this list survives without this one.
How a business treats its people and the communities around it. Dignified work, fair dealing, and a company people are glad to belong to.
Companies built to leave the places around them better than they found them, with social contribution designed into how the business operates rather than added on.
Not every business we buy will have all three on day one. We look for the first, and for the capacity to build the other two, and then we grow all three deliberately.
A business, owned patiently and run well, is among the most durable engines of good there is.
It creates work, pays wages, and builds skills that stay with people, and it keeps doing so for as long as it is run well.
It also tends to be a better investment. Companies that treat their people and customers well keep both longer, earn trust in their markets, and grow more steadily than companies that don't.
The businesses that will employ the next generation of Indians are mostly small, often overlooked, and rarely offered capital that intends to stay. That is the work we have chosen.
Established businesses with real customers, sound economics, and owners we trust.
We take control or significant minority positions and stay closely involved in how the business is run.
Our first strategy is private equity: Indian businesses with proven operations and room to grow.
Because our capital is permanent, we do not work to a fixed fund life. We can hold a business through slow years and back decisions that take time to pay off.
When a company is sold, it is because a sale serves the business.
We are a young firm, and we intend to validate our strategy with a small portfolio of businesses, working closely with each of them.
We help build what we back. We are currently helping grow a sports and entertainment company in our portfolio, running academies, arenas, and clubs in Bangalore, into one of the largest operators of cricket facilities in one of the fastest-growing markets in the world.
The operating side →Working through the decisions we face with investors and operators who have made them before, and publishing what we learn. Anthology is the first program.
Anthology →India is where we are starting, and private equity is our first strategy. Because our capital is permanent, we can add strategies as we earn the right to run them, and hold what we build for as long as it makes sense. We are at the beginning of that.