Company Description First Light Capital Advisors LLP manages the Azure First Light AIF – First Light Opportunities Fund, focused on unlocking value in SMEs, startups, and stressed assets across India. With decades of combined investment experience and a strong deal pipeline, the firm targets opportunities that accelerate SME growth, fuel innovation, and support the revival and restructuring of challenged businesses. Backed by supportive market fundamentals, policy reforms, and India’s entrepreneurial ecosystem, the team seeks superior risk-adjusted returns. The firm is committed to creating economic impact by investing in potential, generating value, and contributing to India’s next chapter of growth.

Role Description The Associates – Investments AIF role is a full time, on-site position based in Mumbai. The associate will support the end-to-end investment process, including deal origination and sourcing and transaction execution. Daily responsibilities include tracking sector trends, building and maintaining financial models, conducting company and industry research,



and assisting in structuring transactions across SMEs, startups, and stressed assets, deal sourcing and tracking the pipeline. The role involves monitoring portfolio performance, preparing periodic reports, and collaborating with senior team members on investment strategy and execution. The associate will also participate in meetings with promoters, management teams, and external advisors to support informed investment decisions.

• Deal-origination & Sourcing – Proactively source, screen, and build a robust pipeline of potential investment opportunities in the SME, early- stage start-ups and distressed / special situations landscape.
• Analysis & Transaction Execution– Analyse complex balance sheets, cash flows, and debt/equity capital structures to evaluate transaction feasibility beyond standard public-market metrics.
• Investment Memoranda – Prepare high-quality investment papers and presentations

📌 Associates - Investments AIF (Mumbai)
🏢 First Light Capital Advisors
📍 Mumbai