Memo · 04.2026
On the discipline of saying no to capital.
A note on capital efficiency, dilution, and the cost of taking the wrong term sheet at the right time.
A Tradition of Discretion · Estd. 2007
For two decades, KTGI has served India's most ambitious promoters and institutions with discreet, board-grade financial counsel. We do not chase transactions — we design them.
20
Years of Counsel
150+
Clients Counselled
2.4B
Capital Mobilised (USD)
42
Boardrooms Served
18
Years in Practice
— Our Practice
Six disciplines, one operating philosophy: bring the board the question before bringing them the answer.
Preparing firms for institutional capital — structuring, governance, and investor-grade narrative architecture.
ExploreBespoke debt-equity architectures, mezzanine, and private credit for capital-intensive enterprises.
ExploreM&A counsel from board mandate through closing — sell-side, buy-side, and JV structuring.
ExploreSenior finance leadership embedded in promoter organisations — capital, MIS, board reporting.
ExploreGreen-bond frameworks, transition finance, and carbon-credit monetisation for institutional capital.
ExploreDecision architecture, scenario design, and governance counsel for promoter and institutional boards.
Explore— Letters & Memoranda
Memo · 04.2026
A note on capital efficiency, dilution, and the cost of taking the wrong term sheet at the right time.
Letter · 03.2026
Why long-cycle assets are mispriced in Indian markets, and how board-level patience compounds into shareholder value.
Note · 02.2026
Re-framing the finance function from reporter to designer — and what it asks of the modern Indian boardroom.
— A Discreet Enquiry
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