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Trusted Advisory Since 2016

Structured Capital
Solutions
That Power Growth

Pegasus Capital Advisors LLP is a premier investment banking firm specialising in debt advisory, project finance, and capital structuring — with deep expertise across renewable energy, infrastructure, and India's growth sectors.

🌱 Renewable Energy 🏗️ Infrastructure ♻️ Compressed Bio Gas 🏭 Manufacturing 🌍 Global Reach
Explore Services Our Story
1,000 Cr+
Debt Raised
Across equity & debt instruments
2+
Projects Funded
Financing & structuring
7+
Years Experience
India & global markets
40%
Repeat Clients
Customer retention & trust
Debt Advisory Project Finance Renewable Energy Compressed Bio Gas Infrastructure 84:16 Debt-Equity No Corporate Guarantee Capital Structuring Investor Relations Due Diligence Financial Modelling Debt Advisory Project Finance Renewable Energy Compressed Bio Gas Infrastructure 84:16 Debt-Equity No Corporate Guarantee Capital Structuring Investor Relations Due Diligence Financial Modelling
What We Do

Comprehensive Advisory
Across Capital Markets

Bespoke capital solutions aligned with your objectives — from first debt raise to complex multi-lender structures.

Project Finance & Debt Advisory

End-to-end structuring of project finance transactions — term loans, working capital, and structured debt. Industry-first 84:16 debt-to-equity structures achieved for clients.

Core Offering

Renewable Energy Financing

Deep expertise in solar plants, wind energy, hydro, and hybrid projects. We structure financing enabling scale and sponsor protection across India's renewable landscape.

Sector Specialist

Compressed Bio Gas (CBG)

Advisory and financing for emerging CBG projects — waste-to-energy infrastructure that aligns with India's clean energy transition and circular economy goals.

Emerging Sector

Investor Relations & Origination

Deep relationships with banks, NBFCs, and institutional investors to originate the right capital at the right terms — across the full capital stack.

Lender Network

Corporate Finance & Restructuring

Strategic advice on capital structure optimisation, debt restructuring, and balance sheet management — ensuring financial resilience through evolving market conditions.

Strategic Advisory

Financial Modelling & Due Diligence

Rigorous financial analysis, sensitivity modelling, and investment-grade due diligence — providing the analytical foundation that lenders and investors trust.

Analytical Rigour

Why Choose Pegasus

We combine institutional-grade expertise with the agility and commitment of a dedicated advisory partner.

Proven Track Record

Billions in capital raised across structured debt and project finance with leading Indian corporates.

Bespoke Solutions

Every engagement is purpose-built — no cookie-cutter structures. Client objectives drive everything.

End-to-End Support

From credit assessment to lender negotiation and financial close — we manage every stage.

95% Client Retention

Near-universal repeat engagement rate reflects the trust we build and outcomes we deliver.

1,000 Cr+
Debt Raised
Across equity & debt
2+
Projects Funded
Financing & structuring
7+
Years Experience
India & global markets
40%
Repeat Clients
Retention & trust
Sector Expertise

Industries We Specialise In

Deep domain knowledge across India's key growth sectors — enabling structures others can't.

Solar Plants
Utility-scale & rooftop solar — full project finance lifecycle
Wind Energy
Onshore wind farms — debt structuring & capital advisory
Compressed Bio Gas
CBG & waste-to-energy infrastructure financing for India
Infrastructure & Roads
Indian highways, urban infra & large-scale development
Manufacturing & Industry
Capital structuring for industrial & manufacturing capacity
Global & Cross-Border
International capital mobilisation & cross-border advisory
Client Advantages

Redefining Project Financing

We deliver capital structures that set new benchmarks — protecting sponsors while satisfying the most demanding lender requirements.

84:16
India's first Debt-to-equity ratio achieved — a landmark in project finance that changed what's possible for sponsors.
1

84:16 Debt–Equity Ratio — Industry First

Historic milestone: Structured a first-of-its-kind 84:16 financing for a 280 MWp GREENFILED SOLAR PROJECT, raising ₹780+ crore from a single lender — unlocking capital efficiency, attractive pricing, and sponsor protections previously unavailable to project developers in India.

Industry First

84:16 Debt–Equity — Industry First

The landmark structure enabling large-scale deployment with optimised capital efficiency while preserving sponsor interests and minimising equity dilution.

2

Simple Project Cost Headers

Minimal, transparent cost categories reduce structuring friction and accelerate lender approvals.

Simple Cost Headers

We keep cost categories clean and transparent — easing documentation and fast-tracking due diligence.

3

No Corporate Guarantee

Limited-recourse financing preserves sponsor balance sheets — lenders rely on project cashflows.

No Corporate Guarantee

Project-level security ring-fences the transaction from corporate parent risk.

4

No Personal Guarantee

Promoters' personal assets remain fully protected throughout the financing tenure.

No Personal Guarantee

No personal pledges required — encouraging broader participation and confident project execution.

5

DSRA Flexibility

Bank guarantee alternatives and staged liquidity options limit upfront cash at financial close.

DSRA Alternatives

BG-based DSRA options maintain lender comfort while releasing cash for project deployment.

6

Annual Rate Reset

Periodic re-pricing keeps financing competitive as market interest rate conditions evolve.

Annual Rate Reset

Scheduled resets ensure commercial fairness is preserved across the project lifecycle.

7

Interest Rate Rebates

Performance-linked rebates reduce effective cost of capital post-commissioning milestones.

Interest Rate Rebates

Rebates tied to performance milestones reward successful project execution and reduce financing cost.

8

Letter of Comfort

LC support boosts lender confidence without triggering formal guarantee obligations on sponsors.

Letter of Comfort Facility

Structured LC support enhances credit metrics while remaining sponsor-friendly.

9

Prepayment Options

Flexible early repayment provisions under agreed terms and defined premium structures.

Prepayment Options

Sponsors can repay early under a defined premium framework protecting lender economics.

10

Flexible Technical Changes

Governed design modification framework accommodates real-world site requirements without restructuring.

Flexible Technical Changes

Controlled process permits practical on-site modifications with lender approval.

Indian highway infrastructure
CBG biogas plant aerial view
₹10,000Cr+
Capital Mobilised
for Clients
10+
Years of
Advisory Excellence
About Pegasus Capital

More Than Advisors —
Partners in Growth

Pegasus Capital Advisors LLP is a leading investment banking and advisory firm delivering bespoke capital solutions. Deeply rooted in renewable energy and CBG, we serve clients across infrastructure, manufacturing, real estate, and diversified growth sectors.

Proven Track Record

Trusted by India's leading corporates — from SIPL Sadbhav and WABAG to global renewable developers like Amarenco and Ampyr.

Tailored Strategies

No cookie-cutter solutions — every transaction is purpose-built around specific client needs, project dynamics, and market conditions.

Sustainability First

Deep commitment to renewable energy, CBG, and sustainable infrastructure aligned with India's climate and development goals.

Partner With Us
"

At Pegasus Capital Advisors, we are more than financial advisors — we are partners in your growth journey. Whether raising capital, restructuring debt, or exploring new investments, we navigate complexities with clarity and confidence.

Vaibhav Gupta
Founder Partner, Pegasus Capital Advisors LLP
Leadership

The Team Behind Every Deal

Oxford, IIT Delhi, and KPMG credentials — combined with deep India market knowledge and execution experience.

VG
Vaibhav Gupta
Founder Partner

18+ years in financial services. Leads strategy, deal origination, and investor relationships. Former senior roles at IndiaBulls Finance, Avenue Partners, Eiger Capital, and Axis Finance.

Oxford MBA IIT Delhi B.Tech 18+ yrs
RG
CA Rajat Gandhi
Vice President

Seasoned finance professional with over a decade of experience, including 4+ years most recently with B S R & Co. LLP (KPMG). Brings expertise in financial due diligence, statutory audit, company law, financial modelling, and strategic debt advisory, specialising in renewable energy and infrastructure financing.

KPMG Alumni Chartered Accountant 10+ yrs
KA
CA Kartik Adlakha
Manager

B S R & Co. LLP (KPMG) alumnus with 5 years of experience in statutory audits, risk assessment, and regulatory compliance — contributing to rigorous financial analysis and deal structuring.

KPMG Alumni Chartered Accountant 5 yrs
Our Portfolio

Trusted by Industry Leaders

Partnered with respected names across renewable energy, infrastructure, and financial services — in India and globally.

Get In Touch

Ready to Structure
Your Next Deal?

Whether you're raising capital, restructuring debt, or exploring new investments — reach us directly or send a message and we'll respond promptly.

Email Us
E-14, Chauhan Vithi Rd, Block E,
Defence Colony, New Delhi — 110024
+91 75976 40004
rajat@pegasuscapital.in
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