ABOUT NIRMAAN CAPITAL

Nirmaan Capital Management Private Limited (“Nirmaan Capital”) is an India-focused special situations investment platform and is currently in the process of setting up a SEBI Category I Special Situation Fund (SSF) under the Alternative Investment Fund (AIF) framework.

The proposed Fund will have a target corpus of ₹1,000 crore, comprising an initial corpus of ₹750 crore with a ₹250 crore greenshoe option.

The Nirmaan Special Situation Trust has been registered and Nirmaan Capital is currently finalising the Private Placement Memorandum (PPM) and other fund documentation. The PPM is proposed to be submitted to SEBI in the first week of October 2026.

Nirmaan Capital will focus on investment opportunities in stressed assets, distressed credit, insolvency-led situations, special situations and structured investments, with a disciplined approach to underwriting, value creation and resolution.

Nirmaan Capital – Building Trust. Creating Value.

WHY JOIN NIRMAAN CAPITAL?

This is an opportunity to work closely with an experienced investment professional and gain hands-on exposure to:

- Category I Special Situation Funds
- SEBI and AIF regulatory compliance
- Stressed assets and distressed credit
- Insolvency and IBC opportunities
- Security Receipts and ARC transactions
- Structured investments and private credit
- Complex investment and transaction structures

Position

“Compliance Officer - AIF”

No. of yrs exp

5-8 years of AIF experience

Reporting To

Managing Partner

Location

Mumbai (Lower Parel)

Qualification

- Bachelor's degree in Law, Commerce, Finance, Business Administration or a related field

Experience





- Mandatory experience working with Category I and/or Category II Alternative Investment Funds
- NISM certification as prescribed by SEBI for AIF Compliance Officers.

Key Skills

- Strong knowledge of SEBI AIF regulations, Alternative Investment Funds, Fund management, Securities laws, Regulatory compliance.
- Regulatory interpretation and problem-solving.
- Strong communication and stakeholder-management skills.
- High ethical standards and skilled integrity.
- Ability to work closely with investment, legal, finance, operations and trustee teams.

1. Role Objective The Compliance Officer shall be responsible for establishing, implementing and monitoring a robust compliance framework for the Investment Manager and its Category I Special Situation Fund (“SSF”).

The role will ensure compliance with the SEBI (Alternative Investment Funds) Regulations, 2012, applicable SEBI circulars, guidelines, notifications and directions, as well as other applicable laws and regulations relevant to the Fund, Investment Manager, Sponsor and Trustee.

2. Key Responsibilities

A. SEBI and AIF Regulatory Compliance

- Monitor compliance with SEBI AIF Regulations and applicable circulars.
- Maintain the regulatory compliance calendar.
- Track regulatory developments and amendments.
- Coordinate with legal counsel and compliance advisers.

B. PPM and Fund Documentation





- Monitor compliance with the PPM and fund documents.
- Ensure adherence to investment strategy and fund restrictions.
- Review regulatory implications of proposed transactions.

C. Compliance Monitoring and Compliance Test Report

- Develop and maintain compliance monitoring systems.
- Prepare Compliance Test Reports.
- Identify compliance gaps and recommend corrective actions.
- Escalate material compliance issues where required.

D. SEBI Reporting and Regulatory Filings

- Ensure timely submission of all regulatory reports, filings and disclosures.
- Coordinate filings with SEBI and other regulatory authorities.
- Maintain records of Regulatory filings/Correspondence with SEBI/Inspection observations/Compliance reports/Regulatory approvals.
- Monitor timelines for periodic reporting and certifications.

E. Investment and Transaction Compliance

- Review proposed investments from a regulatory and PPM compliance perspective.
- Monitor investment restrictions, concentration limits, conflicts of interest and valuation requirements.
- Support compliance review of stressed asset, distressed debt, Security Receipt and insolvency-related transactions.

F. Investor Compliance and Disclosures

- Monitor investor onboarding compliance.
- Coordinate KYC and AML requirements.
- Ensure appropriate investor disclosures.
- Coordinate with the Trustee and other service providers.

G. Governance & Regulatory Filings

- Ensure timely regulatory filings and reporting.
- Support Board and Trustee compliance reporting.
- Maintain compliance policies, SOPs and regulatory records.
- Coordinate regulatory inspections and compliance audits.

📌 Compliance Officer - AIF (Mumbai)
🏢 Nirmaan Capital
📍 Mumbai