About

Who We Are

Afrin Dia is an offshore investment institution incorporated in Mauritius, specializing in long-term value investing and strategic asset allocation in the Indian capital markets. Guided by the principles of professionalism, prudence, and a long-term investment philosophy, we continuously focus on the investment opportunities arising from India’s economic growth and strive to create sustainable long-term value for the capital markets.

Prior to the implementation of India’s Foreign Portfolio Investor (FPI) regime, we participated in the Indian capital markets as a Foreign Institutional Investor (FII) Sub-Account under Icon Capital Ltd. Through this investment structure, we held equity interests in a number of Indian listed companies, including IndusInd Bank.

Afrin Dia offshore investment institution
Long-term investment approach in Indian markets

Our Evolution & Approach

In 2014, following the Securities and Exchange Board of India’s (SEBI) implementation of the unified Foreign Portfolio Investor (FPI) regulatory framework, we successfully completed our regulatory transition and continued investing in the Indian capital markets as an independent FPI. This marked a smooth transition from the FII Sub-Account structure to an independent offshore institutional investor.

Over the years, we have remained committed to balancing value investing with disciplined risk management. We focus on investment opportunities across the financial, consumer, industrial, technology, and high-growth sectors. Through in-depth fundamental research, professional investment analysis, and a rigorous risk management framework, we continuously optimize our portfolio to support sustainable long-term capital appreciation.

Looking ahead, Afrin Dia will continue to leverage a global investment perspective while deepening our presence in the Indian market. We remain committed to operating with compliance, transparency, and professionalism, actively capturing the long-term opportunities created by India’s economic growth and creating lasting value together with our partners.

Why We Offer Our Educational Resources Free of Charge

We completed our registration with the Securities and Exchange Board of India (SEBI) on April 15, 2015, under registration number INMUFP071515. Having participated in the Indian capital markets for more than ten years, we have come to recognize that building long-term relationships with investors is essential to sustainable growth.

For this reason, beginning in March 2026, we launched a series of complimentary investment education and technical training programs. We also established the Afrin WhatsApp community, where investors can access educational resources and participate in learning activities.

In addition, we offer a collaboration trial program designed to help prospective partners better understand our investment approach. Because the stock trading ideas shared during this program often involve confidential information, this service is provided exclusively through the Arattai social platform.

Our objective is to give investors a direct opportunity to evaluate our research capabilities and trading expertise, with the goal of establishing long-term, mutually beneficial partnerships.

Investor education and partnership
Expertise

01. Expertise

Mix of Private Equity, Capital Markets and Hands-on Business Operations experience

Evolution

02. Evolution

Long investment experience across multiple cycles

Approach

03. Approach

Invest in the BUSINESS, not in the stock

Access

04. Access

Local networks in geographies we invest in

Years in Indian Markets

10+

Years in Indian Markets

SEBI-Registered FPI

1

SEBI-Registered FPI

Core Investment Themes

4+

Core Investment Themes

Long-Term Orientation

100%

Long-Term Orientation