Indian Small and Medium Enterprises (SMEs) are set to receive a substantial investment of Rs 100 crore from UAE-based NRI entrepreneur Hari Gupta. This infusion of capital will be managed by SkyHigh, Gupta’s company, which has announced the creation of a SEBI-approved Alternative Investment Fund (AIF) to strategically invest in SME Initial Public Offerings (IPOs) as an Anchor or Qualified Institutional Buyer (QIB).
With over three decades of international business experience, Gupta has a proven track record of turning unknown brands into leading players in the market. His journey, which began with a USD 250 loan, has led to significant achievements, including the production of the TV reality show My First Million in 2010, broadcast on Zee International TV.
SkyHigh’s approach extends beyond financial support, offering SMEs the opportunity to expand their reach in global markets through Gupta’s networks in the UAE, Singapore, Sri Lanka, Nepal, and CIS countries. The company also plans to offer innovative marketing services, including media coverage, billboard advertising, and celebrity endorsements—all provided without any upfront cost to the SMEs.
Recently, SkyHigh participated in the Mumbai Money Expo, where the team met with numerous SMEs and merchant bankers to explore future partnerships. This initiative is expected to play a crucial role in supporting the ‘Make in India’ campaign, driving Indian SMEs towards international success.