Mumbai, 17 August 2024 — In a major development for the Indian SME sector, Hari Gupta, a UAE-based NRI and seasoned entrepreneur, has committed to investing ₹100 crore to support the growth of small and medium enterprises across India. Through his company, SkyHigh, Gupta plans to establish a SEBI-approved Alternative Investment Fund (AIF) to actively participate in SME IPOs as an Anchor or QIB Investor.
Gupta’s business acumen, honed over 30 years of international experience, has seen him turn nascent brands into market leaders. Starting with a modest $250 loan, Gupta’s journey includes notable achievements like producing the TV show My First Million in 2010, aired on Zee International TV.
SkyHigh’s strategy is multifaceted, offering more than just capital. The company aims to help Indian SMEs expand globally by leveraging Gupta’s extensive network in regions such as the UAE, Singapore, Sri Lanka, Nepal, and CIS countries. Additionally, SkyHigh will provide comprehensive marketing support, including media coverage and celebrity endorsements, at no initial cost to the SMEs.
SkyHigh’s recent participation in the Mumbai Money Expo highlights the company’s commitment to fostering partnerships with SMEs and merchant bankers. A prominent celebrity has endorsed this initiative, emphasizing its alignment with the ‘Make in India’ vision and the potential for Indian SMEs to achieve global success.
For inquiries or further information, please contact:
Hari Gupta
Phone (UAE): +971 5251 40619
Phone (India): +91 920 50 18270
Email: ipo@SkyHighAmc.com