Mynd Solutions Pvt. Ltd. is a leading technology and business process outsourcing (BPO) company focused on Finance & Accounting (F&A) and Human Resources (HR) services. Headquartered in Gurgaon, India, Mynd has a nationwide presence across 20+ cities and supports clients in both domestic and emerging markets. The firm is known for its automation-led approach and scalable delivery in core enterprise functions.

SIDBI Ventures, a subsidiary of the Small Industries Development Bank of India (SIDBI), is a private equity firm focused on investments in high-growth Small and Medium Enterprises (SMEs). This investment was made from the India Opportunities Fund, which targets scalable, innovation-led businesses across India.

Mynd engaged Novistra Capital to raise growth capital to support its expansion across India and emerging markets. Novistra structured a deal that aligned with the company’s vision and provided financial flexibility. The investment was designed as a combination of equity and convertible debt, supporting both technology development and organic growth.

Novistra led the process end-to-end—positioning Mynd’s business model, negotiating terms, and coordinating all diligence and deal execution.

SIDBI Ventures invested in Mynd Solutions, providing the company with growth capital to expand its technology stack and operational footprint. As part of the investment, Mr. Mahendra Lodha, Vice President at SIDBI Ventures, joined Mynd’s Board of Directors. The transaction reinforced Mynd’s position as a leading BPO player in India’s SME and mid-market segment.

This deal demonstrates Novistra’s strength in SME-focused growth capital transactions, particularly in the BPO and enterprise services sectors.