Fund A · Open Now · SEBI Cat-II AIF

Democratizing Storytelling with Capital.

A SEBI Category II AIF backing India's media & entertainment story — institutional rigour, creative credibility, and a multi-window monetisation surface area unlike anything before.

I.F.I CINETECH FUND · INDIA
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₹400 Cr Target · ₹400 Cr Greenshoe
01 — Market OverviewThe Opportunity

Indian Media & Entertainment a $30 billion horizon

Scale, demographics, and under-served demand converge into one of the most asymmetric growth vectors in Indian alternative assets.

$0Bn
M&E Industry Size
2024 base · $37 Bn by 2027
0+
Films / Year
Largest film producer globally
0
Single Screens
vs. 14.5 per 100K in USA
0Mn
OTT Users
700 Mn internet · 1.4 Bn population
Box Office Momentum

India's domestic box office crossed $1.6 Bn in 2025. With screen expansion and regional growth, projections put the market at $2.4 Bn+ by 2030.

OTT Multiplier

OTT digital rights now account for 44% of total film revenue (Kroll, 2024) — a multi-window monetisation model extending earnings well beyond opening weekend.

02 — Structural WhitespaceSupply Imbalance

Screens per 100,000 people

India produces the most films globally yet has the lowest screen density among major markets — the defining supply-side imbalance of the next decade.

USA
14.5
China
8.7
India (2024)
0.8
India (2030)
2.0+
Screens per 100K population
What it means

With 350 Mn OTT users and just ~9,500 screens, India is severely under-served in content delivery.

Post-RRR and KGF, regional cinema now drives national revenue. Hindi audiences willingly watch dubbed South, Marathi & Punjabi titles — a structural expansion of addressable market.

03 — Industry TailwindsCapital In Motion

Capital is already moving into Indian entertainment

A short-list of marquee transactions shows consolidation, strategic capital, and cross-border interest accelerating into 2026.

2026February
Jio Studios × Sikhya Entertainment
Reliance's Jio Studios acquired 50.1% of Oscar-winning Sikhya — signalling consolidation of marquee creators into large-studio pipelines.
₹150 Cr
2026January
Universal Music × Excel Entertainment
UMG took 30% of Excel with global soundtrack distribution rights — aligning music and video IP to scale Indian stories internationally.
₹2,400 Cr EV
2024August
Reliance × Disney India Merger
CCI-approved merger created India's largest entertainment conglomerate across TV, OTT, and distribution.
$8.5 Bn
2024October
Adar Poonawalla × Dharma Productions
Serum Institute CEO acquired 50% of Dharma — a landmark capital infusion into Bollywood's premier studio.
₹1,000 Cr
2022July
Nepean Capital × Maddock Films
Strategic PE capital to scale production capacity and distribution reach for one of India's top content labels.
50% Stake
04 — Investment ThesisThree Pillars

Three pillars of disciplined capital

I.F.I Cinetech invests only where financial rigour, creative credibility, and operational readiness all line up. One missing leg disqualifies the deal.

01
Financial Discipline

Talent Cost Cap

Budget mirrors creative ambition — balanced across story, production quality, and cast.

Non-Theatrical Pre-Sales

OTT pre-buy, satellite, or music rights must cover 30–50% of production cost before deployment.

Structured Production SPV

Milestone-based capital release, transparent cash flow, independent audit access — non-negotiable.

02
Creative Integrity

Director & Producer Track Record

Teams must have navigated a full production-to-release cycle before — credibility is the first filter.

Content Originality & IP Ownership

Original scripts, cleanly acquired adaptation rights, or biopics with secured subject consent.

Socially Neutral Content

Stories that unite audiences — free from religious, caste, or politically divisive narratives.

03
Operational Viability

Project Readiness

Locked script, confirmed director, lead cast in place. Incomplete packages cannot be priced or hedged.

24-Month Release Window

Maximum 24 months from first capital deployment to primary release — discipline on time to exit.

Clean Stakeholder Structure

Clear lead producer, no competing claims on creative or financial control, crisp decision authority.

05 — Investment ProcessSourcing → Deployment

From deal sourcing to capital deployment

A four-step institutional workflow — proprietary sourcing, forensic diligence, committee approval, and milestone-based disbursement.

▸
01
Deal Sourcing
  • Network of producers, directors & agents
  • Industry conferences & festivals
  • GP relationships & inbound enquiries
  • Proprietary deal-flow database
▸
02
Due Diligence
  • Script & creative assessment
  • Budget & production plan analysis
  • Director and cast track record
  • Distribution rights pre-negotiation
  • Legal title & IP verification
  • Forensic check on producer finances
▸
03
Board Approval
  • Investment memorandum prepared
  • Board review — GP + advisors
  • Risk scoring: creative, commercial, legal
  • Revenue projection stress tests
  • Approval thresholds & co-invest rules
▸
04
Capital Deployment
  • Tranche-based milestone disbursement
  • Fund holds co-producer credit
  • Real-time production monitoring
  • Revenue waterfall: theatrical → OTT → satellite
  • Exit within 12–24 months of release
  • Quarterly LP updates
06 — General PartnerThe Producer's Producer

A producer's instinct,
a fund's discipline.

Ankur Garg

Film Producer, Entrepreneur & Co-Founder — Luv Films
GP · 01
AG
India · 2026 Ankur Garg, General Partner

Ankur Garg is one of the driving forces behind Luv Films, the production company he co-founded in 2012 with childhood friend and writer-director Luv Ranjan. Born and raised in Ghaziabad, he is an alumnus of Pune University and IIM Ahmedabad.

He is also the founder of IFI Techsolutions — a Microsoft Azure Expert Managed Services Provider recognised as a 2020 Microsoft Partner of the Year Finalist.

After a successful stint with Microsoft Corporation, Garg switched professions in 2012 to build Luv Films into a thriving powerhouse in the Indian entertainment landscape — releasing twelve feature films across Hindi, Marathi, and OTT.

Recognition & Affiliations

Young Alumni Achievers Award - 2025

IIM Ahmedabad

Vice President, Producers Guild

Policy shaping for Indian entertainment

Spanish Knighthood, 2024

La Cruz de la Orden del Mérito Civil

Fit India Ambassador

Ministry of Youth Affairs & Sports, GoI

YPO

Young Presidents' Organization

Education

IIM Ahmedabad · Pune University · Microsoft

07 — GP Track RecordThe Slate Behind

Over a decade of commercially proven cinema

Slate produced by the GP — spanning theatrical releases, OTT premieres, and co-productions across Hindi and Marathi.

Vadh 2
2026
Vadh 2
Thriller · Mystery
De De Pyaar De 2
2025
De De Pyaar De 2
Romantic Comedy
Devmanus
2025
Devmanus
Drama · Marathi
Wild Wild Punjab
2024
Wild Wild Punjab
Comedy
Tu Jhoothi Main Makkaar
2023
Tu Jhoothi Main Makkaar
Romantic Comedy
Kuttey
2023
Kuttey
Caper Thriller
Vadh
2022
Vadh
Crime Thriller
Chhalaang
2020
Chhalaang
Social Comedy
Jai Mummy Di
2020
Jai Mummy Di
Romantic Comedy
Malang
2020
Malang
Action Thriller
De De Pyaar De
2019
De De Pyaar De
Romantic Comedy
Sonu Ke Titu Ki Sweety
2018
Sonu Ke Titu Ki Sweety
Romantic Comedy
Dada — The Sourav Ganguly Story
Upcoming
Dada The Sourav Ganguly Story
Sports Biopic
Ranger
Upcoming
Ranger
Action · Drama
08 — Board of AdvisorsStrategic Counsel

Board of Advisors

A panel of senior industry voices — film producers, investors, lawyers, and operators — reviewing every deal before deployment. Full board composition to be announced.

09 — TeamInvestment Strategy

Team

Operating leadership driving investment strategy, portfolio management, and investor relations at I.F.I Cinetech Fund.

G
Gautam Mehta, Fund Manager

Gautam Mehta

Fund Manager · Investment Strategy & Portfolio

Gautam Mehta leads fundraising, investment strategy, and portfolio management at I.F.I Cinetech Fund.

His career spans venture capital, private equity, and wealth management — with a track record of structuring deals, building portfolios, and guiding investors through full-cycle allocation decisions. He has worked closely with entrepreneurs, fund managers, and institutional LPs across India.

  • Portfolio Construction
  • Investor Relations
  • Deal Structuring
10 — Fund PortfolioThe Slate Ahead

The slate ahead

Six to eight content projects across genres, languages, and formats — backed by structured production SPVs, locked scripts, and committed creative teams. Submissions open on a rolling basis.

Slot · 01Open
+
Your Project
Drama · Hindi
Slot · 02Open
+
Your Project
Romantic Comedy
Slot · 03Open
+
Your Project
Thriller
Slot · 04Open
+
Your Project
Biopic
Slot · 05Open
+
Your Project
Action
Slot · 06Open
+
Your Project
Comedy · Regional

Have a project that meets the thesis? Submit your deck →

12 — Trusted PartnersOperating Infrastructure

Trusted Partners

Institutional-grade operational backbone — registrar, legal counsel, audit, and trustee — chosen for the discipline an SEBI Cat-II vehicle demands.

KFintech
Registrar & Transfer Agent
Unit administration, KYC, and investor records.
Khaitan & Co
Legal Counsel
Fund structuring & SEBI regulatory compliance.
BDO India
Statutory Auditor
Annual audit and financial reporting.
Orbis Trustees
Trustee
Fiduciary oversight and investor protection.
13 — LP BenefitsWhy I.F.I Cinetech

Why invest in I.F.I Cinetech

Six structural reasons this fund deserves a line item in an LP's alternatives allocation.

01
Uncorrelated Returns

Film investments have near-zero correlation with equity markets, rates, or real estate cycles. Box-office performance is driven by content quality, not macro conditions.

02
Growing Market

Indian cinema delivered its highest-grossing year ever in 2025 at ₹13,395 Cr. Quality is breaking through across budgets, languages, and geographies.

03
Tangible IP Asset

Content creates Intellectual Property with multi-decade value. Rights to successful films generate revenue for decades — re-releases, digital libraries, licensing.

04
GP Credibility

Access to Bollywood's deal flow through Ankur Garg — one of India's top producers. Exclusive access to quality projects unavailable to retail investors.

05
SEBI-Regulated

SEBI Category II AIF. Audited by BDO, legally structured by Khaitan & Co. Quarterly LP reports, co-producer rights, transparent accounting.

06
Talent & Industry Access

Proximity to the development and production process. LPs gain insight and relationships across the creative and business side of the ecosystem.

14 — Frequently AskedQuestions & Answers

Questions & Answers

The most common questions we receive from prospective LPs, founders, and creative partners.

Didn't find your answer? Reach out →
We typically invest in growth and structured opportunities across film, content IPs, and media-tech ventures, where the fundamentals are strong and the upside is scalable.
Our focus spans high-potential content projects, established production studios, and media-tech companies building innovation layers in VFX, virtual production, and AI-led workflows.
I.F.I Cinetech Fund is a SEBI-registered Category II Alternative Investment Fund with a target corpus of ₹400 Cr and a green-shoe option of an additional ₹400 Cr.
We look for clear creative conviction backed by strong business logic — IPs or ventures that show long-term value creation, sustainable economics, and measurable audience or user traction.
The fund targets an IRR in the range of 23–27% with a 2.3–2.8× MOIC, achieved through diversified exposure across content, IP monetization, and media-tech ventures.
No. We invest as strategic partners, not producers. Our focus is on financial structuring, risk management, and value creation — while enabling partners to retain creative autonomy.
We combine institutional fund discipline with deep sector insight. Our team brings decades of experience in film production, media operations, and technology-led transformation.
Beyond strong ROI potential, investors gain access to premiere experiences, exclusive screenings, and direct exposure to India's evolving media landscape through curated industry interactions.
The fund has a 5-year term from first close with a 4-year deployment period. Individual project exits are realised within 12–24 months of release through IP monetization, platform acquisitions, or structured content deals.
You can connect with our Investor Relations team for detailed fund information, documentation, and onboarding assistance. We welcome conversations with long-term, value-driven partners.
15 — Path to AllocationBecome a Limited Partner

From conversation to allocation.

In four measured steps, qualified investors move from initial dialogue to capital commitment. Our Investor Relations team will guide you through each stage with the discretion an institutional process demands.

Request the PPM → Re-read the Thesis
Next Steps for Interested Investors
01

Sign NDA

Receive the Private Placement Memorandum (PPM).

02

Detailed Q&A

Schedule a working session with the Investment Team.

03

KYC & Qualification

Complete SEBI Qualified Investor verification.

04

Subscribe

Execute subscription agreement and begin drawdown.

16 — ContactBegin the Conversation

Begin the conversation

For qualified investors, family offices, institutional allocators — and producers pitching projects that meet the thesis. We respond within two business days.

By submitting, you confirm the information shared is accurate. Investor submissions presume qualification under SEBI (AIF) Regulations, 2012.

✓

Message received

Thank you. Our team will be in touch within two business days.