Chanakya Opportunities Fund I, managed by StepTrade Share Services, has invested in NNT Developers, a Patna-based infrastructure firm, as part of an INR 15 crore pre-IPO funding round. The move aligns with the fund’s mandate to support high-growth small and medium enterprises (SMEs) in sectors critical to India’s economic development.

About Chanakya Opportunities Fund I
Launched in 2023, Chanakya Opportunities Fund I is a SEBI-registered Category II Alternative Investment Fund (AIF). It is India’s first SME-exchange-focused fund, dedicated to financing and scaling promising SMEs. The fund targets businesses with strong financial fundamentals and a direct impact on infrastructure growth.
NNT Developers
Founded in 2017 by Suyash Kumar, NNT Developers specializes in construction, railway infrastructure, flood protection, and waterworks. It actively competes for tenders in Bihar, Jharkhand, and Madhya Pradesh, securing contracts from Indian Railways and the National Highways Authority of India (NHAI).
With a track record of executing key projects, NNT Developers has built a strong market reputation. Notable achievements include:
- Flood control projects in Bihar and Jharkhand
- Railway infrastructure improvements in Jharkhand
- Major construction projects, such as ITI Chapra, RTO offices, and riverbank reinforcements
Fundraising Objectives
NNT Developers pre-IPO funds will be used for working capital and tender bidding. With an expanding project pipeline, the company aims to solidify its presence in India’s infrastructure sector.
Suyash Kumar, Founder and Managing Director, sees this investment as a validation of NNT Developers’ growth potential. “We welcome Chanakya Opportunities Fund as a strategic partner. Their investment reflects confidence in our vision for infrastructure development,” he stated.
Investment Rationale
For Chanakya Opportunities Fund I, this investment aligns with its mission of backing companies that drive economic progress. Kresha Gupta, the fund’s Founder and Manager, emphasized the company’s strengths: “NNT Developers has consistently delivered critical infrastructure projects. With a strong order book and a clear growth trajectory, they stand out as a firm creating long-term public value.”
Financial Performance & Growth Outlook
NNT Developers closed FY 2024 with revenue of INR 146 crore. Its current order book stands at approximately INR 750 crore, with projects scheduled for completion over the next three years. The capital infusion will support expansion efforts, positioning the company for sustainable growth.

Conclusion
The investment by Chanakya Opportunities Fund I marks a pivotal step in NNT Developers’ expansion. As India’s infrastructure sector scales up, the company is set to take on larger projects and strengthen its market position. The partnership highlights the critical role of strategic investments in advancing economic and public infrastructure.
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