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Vystra Capital

Operator-led buyout fund for preserving your legacy

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Vystra Capital

Vystra Capital is looking to acquire and operate a single high-quality business in India where the founder is considering succession and wants the company to continue thriving in its next chapter.

We are full-time operators - not passive financial buyers - and we step in personally to lead the business with discipline, humility and accountability. Our commitment is to preserve what works, strengthen what can be improved, and build an enduring platform for long-term growth.

Respect for legacy and people

Transparent decision-making

Operational discipline

Partnership at every step

Building enduring companies through stewardship and operational excellence

We believe exceptional businesses grow stronger through continuity, leadership depth and process excellence. We are looking to acquire a business that is resilient today and ready for systematic improvement, expansion and professionalization.

Preserve what matters

Culture, customer relationships and reputation remain at the centre of every decision.

Strengthen the core

People, systems and performance cadence built for the next decade.

Grow with purpose

Expand thoughtfully without losing the base.

Long-term ownership

Compounding value over years, not quarters.

What we look for

We are looking to acquire a business that is well-run, resilient and ready for its next orbit.

Business Profile

  • ₹100-300 Cr revenue
  • ₹15-50 Cr EBITDA
  • 10%+ EBITDA Margins
  • Growing volumes and customer relationships
  • Stable operating history

Focus Areas

  • Sectors: B2B manufacturing, niche manufacturing, specialty industrials, B2B services, IT services and related business-critical operations
  • Ownership: Majority buyout
  • Geography: India

A clear and respectful acquisition process

Selling a business is a significant decision. Our process is built around trust, transparency and minimal disruption.
We aim to complete the journey from first conversation to closing within 60-90 days.

Introductory Conversation Private discussion to understand your business, your origins, and your future outlook on the business.
Information & Initial Review We will review high-level information under NDA to verify alignment with our criteria and your expectations.
Preliminary Valuation & LOI We will present a clear structure and roadmap for closing, with no hidden terms.
Confirmatory Diligence We will conduct focused financial, commercial, and operational diligence to confirm our understanding.
Final Terms & Documentation We will work collaboratively to finalize the agreements and ensure a fair outcome.
Closing & Transition We ensure a smooth transition and continuity of leadership as we take the baton.

What you can expect

  • Direct and Transparent communication
  • Predictable and respectful process
  • Decisions made by the operators who will run the business
  • No surprises or unnecessary complexity

More than a transaction

A buyout is not an exit - it is a handover of legacy, people and purpose. Our responsibility is to carry the founder's work forward with care, professionalism and operational intensity.

Leadership continuity and stability

A successor committed to the long horizon

People-first stewardship of culture and trust

A foundation built for future scale

Our team

Tushar Mansukhani

Tushar Mansukhani

Co-founder & Operator

Tushar is a business leader with more than 12 years of experience building and operating companies in consumer goods, e-commerce, logistics, fintech and healthcare. He has led P&Ls, scaled businesses from zero to over USD 40 million, and executed complex M&A integrations at Boston Consulting Group, including a cross-border CDMO acquisition. His background combines commercial depth, operational discipline and values-driven leadership, preparing him to lead a mid-market company from day one.

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Varchas Bansal

Varchas Bansal

Co-founder & Operator

Varchas is a manufacturing and operations leader with more than 12 years of experience scaling factories, supply chains and engineering-led businesses. He has built leased manufacturing units, improved OTIF from 50 to more than 90 percent, expanded industrial capacity by 3 to 3.5 times and led large-scale transitions at Isler during significant import disruptions. His experience across McKinsey, Rivigo, Zetwerk and Isler gives him the operational depth required to lead a mid-market industrial company.

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Frequently Asked Questions

We are full-time operators who will personally step in to run the business - not passive financial investors managing a portfolio from afar. Our focus is on one high-quality acquisition where we can dedicate our complete attention, preserve what works, and build for the long term without fund cycle pressures.

People are the foundation of every business we acquire. Our goal is to retain and develop talent, provide stability, and create opportunities for growth. We believe in leadership continuity and will work closely with existing teams to maintain culture and trust.

We aim to complete the journey from first conversation to closing within 60-90 days. However, we move at a pace that works for you. The process is designed to be respectful, predictable and transparent at every stage.

That's entirely up to you. Some founders prefer a clean transition, while others want to remain involved during handover or in an ongoing advisory capacity. We structure each engagement to match the founder's preferences and timeline.

We focus on B2B manufacturing, niche manufacturing, specialty industrials, B2B services, and IT services in India. We look for businesses with ₹100-300 Cr revenue, strong margins, and stable operating history.

Start a conversation

Interested in starting a conversation?

contact@vystracapital.com