About Us

Fortress Capital Management Services Pvt Ltd, part of the Fortress Group, is a SEBI-Registered Category I Merchant Banker and a boutique investment bank with deep expertise in fundraising, mergers & acquisitions. Leveraging a sector-agnostic approach and decades of experience, we provide strategic financial and business advisory solutions that enable companies to raise capital, execute high-value transactions, and achieve sustainable growth with confidence. As part of the Fortress Group, which operates across multiple businesses—including investment banking, infrastructure consulting, EPC contracting, real estate, and agro—with a team of over 300 professionals, we combine breadth, depth, and industry insight to deliver tailored, impactful solutions to our clients.

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Vision

To be the most preferred solution provider in the chosen sector by delivering services that will contribute to Nation Building.

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Mission

To focus on business having a significant impact on the economy to deliver services that would involve a continuous process of thought leadership, innovation, and Integrity.

Key Milestones

1995
Incorporated the Flagship Company Fortress Financial Services Ltd
1996
Registered with Reserve Bank of India as a Non-Banking Financial Company (NBFC).
1997
Registered with Securities and Exchange Board of India (SEBI) as a Category I Merchant Banker.
1997
Advised the First Convertible Bond Issue of India
1998
Diversified into Infrastructure Advisory Services
2000
Successfully sailed through the dot com bubble.
2002
Handled the Rights Issue for Listed Company
2003
Advised Glenmark Pharmaceuticals Ltd for Initial Public Offering (IPO), most successful IPO after 2000 dot com bubble.
2004
Incorporated Fortress Capital Management Services Pvt Ltd for carrying on Investment Banking Activities and reapplied for Registration as Category I Merchant Banker with SEBI.
2004
Raised USD 100 Million for Pharmaceutical Company through Convertible Bond Issue.
2005
Advised India Entry Strategy for large Investment Bank from US and raised funds for Software Client in India through Convertible Bond Issue.
2006
Co-Managed the Buyback Offer of Telecom Networking Company.
2007
Advised the Insecticides India Ltd for Initial Public Offering (IPO).
2007
Raised funds for Real Estate Client through First Exchangeable Bond Issue of India marquee international investors.
2010
Raised funds for an Ed-tech company. Expanding its capabilities towards fast paced technology sector.
2011
Raised funds for Pharmaceutical Client through External Commercial Borrowings and Convertible Bonds from International Finance Corporation (IFC) a World Bank Investment arm.
2013
Raised funds for International Telecom Company from the Gulf based Sovereign wealth fund.
2016
Advised India Entry Strategy to various International Clients in sectors like Hospitality, Cosmetics, and Renewable Energy etc. and identified the Strategic Partners in India
2013
Advised a Manufacturing Company to raise equity through Qualified Institutional Placement (QIP) Issue from Domestic Mutual Fund and International Private Equity fund.
2020
Acquisition strategy for large Russian group of companies into building materials.
2024
Completed the Open offer for Acquisition
2024
Sale of Asset Reconstruction Company a subsidiary of Government financial Institution

Teams

A S Kumar
Founder & MD

MBA (MIT) | 37 Yrs.Exp. |
Development Strategies

Sushil Kaushik
Founder Director

CA | 38 Yrs. Exp. |
Strategies

Upendra Kulkarni
Founder Director

CA | 37 Yrs. Exp. |
Investment Banking

Jagdish Lavekar
Founder Director

MBA (NIMS) | 36 Yrs. Exp. |
Real Estate

Key Highlights

Years of Experience
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Qualified & Experienced

Multi-disciplinary team