Maple Capital Advisors

What Maple Capital Advisors does

Maple Capital Advisors is a New Delhi-headquartered boutique investment bank founded in 2010 by Pankaj Karna, focused on mergers & acquisitions and private equity advisory for India's mid-market, typically in the $5-100 million transaction range. The firm operates five integrated service lines: M&A Advisory (target/buyer search, deal structuring, valuation, due diligence, JV advisory), Private Equity Advisory (buyouts, growth capital, Pre-IPO financing, preferential allotments), Structured Finance (working capital, project financing, mezzanine and convertible debt), the Maple Accelerator (a 2015-launched startup program focused on Agritech, Consumer tech, B2B tech, and digital businesses), and Wealth Management through the affiliated Maple Capital Services LLP serving family offices and HNIs. The firm has advised more than 100 transactions across sectors including coworking, agribusiness, gaming, drones, HR tech, and flexible workspaces, with named mandates for Awfis, Piccadily Agro, CorporatEdge, Skye Air, U Games, and Qandle.

The business model is professional services fee-based, with quote-based advisory pricing, multi-year mandates on enterprise transactions, and seed-stage investment returns from the Accelerator portfolio. Go-to-market is enterprise field sales driven by founder relationships and a curated network of India-focused PE/VC funds, supplemented by content marketing through sector research (e.g., the May 2025 Agritech report with IDC) and cross-border deal flow via the Pandion Partners global alliance (30 offices). The firm is privately held with concentrated founder ownership, no disclosed external investors, and a lean 1-10 employee base anchored by three deal professionals and two senior advisors.

Name

Maple Capital Advisors

Legal name

Maple Capital Advisors Pvt. Ltd.

Website

https://maple-advisors.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Maple Capital Advisors is a New Delhi-based boutique investment bank founded in 2010, advising Indian mid-market companies on M&A, private equity, and structured finance transactions typically valued at $5-100 million.

Ownership category

akta.pro rank

Product category

Investment Banking & Advisory

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

akta.pro secondary industries

Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE), Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)

Keywords

• Mergers acquisitions advisory
• Private equity advisory
• Structured finance solutions
• Startup accelerator program
• Wealth management services

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. M&A Advisory Fees: Maple Capital earns advisory fees from buy-side and sell-side M&A transactions, including target/buyer search, deal structuring, valuation support, and strategic transaction advisory services.
2. Private Equity Advisory: Advisory services for PE transactions including buyouts, growth capital, venture capital, Pre-IPO financing, and preferential allotments.
3. Accelerator Investment Returns: Seed stage investments in startups through the Maple Accelerator program, launched in 2015, focusing on Agritech, Consumer tech, B2B tech and digital businesses.
4. Structured Finance Advisory: Advisory fees from financing solutions including working capital, project financing, mezzanine and convertible debt.
5. Wealth Management: Maple Capital Services LLP provides wealth management services including structured equity & debt products for family offices, HNIs, and senior executives.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Maple Capital Advisors is a boutique investment bank offering end-to-end M&A advisory, private equity advisory, structured finance, and wealth management services to mid-market companies in India with typical deal sizes of $5-100 million. It also runs the Maple Accelerator, a startup mentorship and seed investment program launched in 2015.

Product overview

Maple Capital Advisors is a boutique investment bank offering a comprehensive suite of advisory services for mid-market companies in India. The firm operates five integrated service lines: M&A Advisory (target search, deal structuring, valuation, due diligence), Maple Accelerator (startup growth program launched 2015), Private Equity Advisory (buyouts, growth capital), Structured Finance (debt solutions), and Wealth Management through its affiliate Maple Capital Services LLP. Together, these services cover the full corporate lifecycle from seed-stage startups to large strategic transactions, with typical deal sizes in the $5-100 million range.

Differentiator

Problem solved

Functional benefit

Brands

• Maple Accelerator: Accelerator program launched in 2015 designed to help startups scale through expert mentorship, financial guidance, and access to a curated network of investors and industry specialists.
• Maple Wealth

Products and services

• M&A Advisory End-to-end M&A services including target/buyer search, deal advisory on buy and sell sides, valuation support, due diligence, JV advisory, sector research, business plan and valuation assessment, and strategic transaction support for mid-market Indian corporates.
• Maple Accelerator Startup accelerator program providing expert mentorship, financial guidance, and access to a curated network of investors and industry specialists for asset-light business models in Agritech, Consumer tech, B2B tech, and digital businesses.
• Private Equity Advisory Expert advisory in private equity covering buyouts, growth capital, and special situations, plus customized capital market solutions for venture capital, Pre-IPO financing, and preferential allotments, leveraging a deep network of India-focused funds.
• Structured Finance Strategic financing solutions ranging from working capital and project financing to mezzanine and convertible debt, with emphasis on strategic structuring and effective lender negotiations for clients in the mid-market.
• Wealth Management (Maple Capital Services LLP) Wealth management services for family offices, high-net-worth individuals, and senior executives, offering structured equity and debt products backed by research from leading partner firms, delivered through the affiliated entity Maple Capital Services LLP.

Quantifiable outcome

• Over 100 transactions advised across emerging and large corporates
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core and minor.

• Pandion PartnerscoreStrategic or Co-development PartnerGlobal partner in mergers & acquisitions and corporate finance advisory with strong focus on mid-market companies across domestic and international landscapes. With 30 offices globally spanning Americas, Europe, Middle East and Far East, Pandion brings deep local insight and cross-border execution capabilities to every cross border M&A transaction.
• IDC (Indo-Dutch Chambers of Business & Sciences)minorStrategic or Co-development PartnerCo-research partner for the 'Agritech in India: Investment Trends' report released in May 2025. IDC provided market intelligence and research support for the analysis of India's agritech sector.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Avendus Capital: India's largest domestic mid-market boutique investment bank, focused on M&A, PE, and capital raising across consumer, technology, and financial services — the most directly comparable competitor to Maple Capital Advisors in scale and Indian mid-market positioning.
• Spark Capital Advisors: Chennai-headquartered boutique investment bank providing M&A advisory, PE advisory, and capital raising for Indian mid-market companies — directly competing with Maple in similar deal sizes and sector mix.
• Ambit Corporate Finance: Investment banking arm of Ambit Group offering M&A and equity capital raising services to mid-market and emerging companies in India — a directly comparable peer in PE advisory and capital raising mandates.
• Veda Corporate Advisors: India-focused boutique advisory firm specializing in M&A, PE placements, and growth capital advisory for mid-market companies — closely comparable in scope and target client profile.
• o3 Capital (o3 Capital Global Advisory): India and emerging markets focused boutique advisory firm with M&A and capital markets capabilities for mid-market companies — directly comparable in deal profile and target segments.
• One Investment Advisors: India-focused boutique advisory firm providing PE advisory and M&A services for mid-market transactions — comparable in size, scope, and target client base.

Broad incumbents

• JM Financial Investment Banking: Large, diversified Indian financial services group offering M&A advisory, PE syndication, and structured finance alongside broking and lending — broader incumbent competing for many of the same mid-market mandates.
• IIFL Capital Services: Full-service Indian financial group offering investment banking, institutional equities, and wealth management — an incumbent competitor whose wealth and capital markets arms overlap with Maple's affiliate services.

Others

• Pandion Partners (India desk): Global mid-market M&A advisory partnership with 30 offices worldwide; Maple is itself a Pandion partner, and Pandion provides cross-border execution capabilities relevant for benchmarking cross-border mandate competencies.
• Khazanah Nasional (India advisory view): Sovereign wealth and strategic investor active in Indian mid-market transactions; representative of the cross-border capital pool that boutiques like Maple advise on — useful as adjacent ecosystem context.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/maple-capital-advisors

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maple Capital Advisors