Investment banking Mumbai

Some mandates don’t fit a template. Those are ours.

Luminar Capital is a boutique investment bank. We raise equity, work through special situations and restructurings, and run M&A mandates on both the buy side and the sell side.

What we do

The firm in brief

“If capital is the question, we ensure it is raised right, structured right, and closed right.”

Why Luminar

Why Luminar

We say no early.

We take on mandates we believe will close, so no one spends months on a deal that was never going to happen.

We know both sides.

We know what investors will fund, so every structure is built to be accepted, not just proposed.

We stay past signing.

Documentation, conditions and drawdown are part of the job. We are done when the money lands.

Who we act for

Both sides of the table.

Sell-side

For companies raising capital

  • Capital in any form: debt, structured credit, equity or alternative instruments.
  • Senior attention from first call to closing.
  • 45+ funds, family offices and individual investors in our network.

Buy-side

For investors & funds

  • Zero mandates taken without intent to close.
  • Opportunities across special situations, structured credit, pre-IPO and startup equity.
  • Deals structured before they are marketed to you.

Company stage

Startup·Growth·Pre-IPO

Focus sectors

Logistics, consumer goods, healthcare, EV, textile, automobile ancillary.

Coverage & recent mandates

Who we are

Built for complex transactions.

Most deals that fail, fail in the last stretch, between the term sheet and the money landing. That is where we do our best work.

  1. Mandate Diagnosis · Structure · Investor fit Where a deal is designed.
  2. Term sheet Money lands Documentation · Conditions · Drawdown Where most deals are lost, and where we stay on. The last stretch.
Exhibit 1 The path of a transaction, from mandate to money landing. Illustrative.

Complex structures, unconventional solutions, deep sector knowledge and hands-on involvement are the norm here, not the exception.

We work where conventional solutions stop working: facts buried below the surface, stressed balance sheets, layered capital structures and stakeholders who want different things.

Special situations
Divyesh Dagliya, Founder & Director of Luminar Capital

Leadership

Divyesh Dagliya

Founder & Director · Chartered Accountant

Special situations and capital structuring specialist with a deep institutional network.

Founded on one principle: complex capital problems deserve a principal’s judgement, not a process. He stays personally accountable for every mandate the firm accepts.

About the founder

Some mandates don’t fit a template. Tell us about yours.