Conviction Capital

For the Defining Technologies

Argan Global is a venture capital firm investing in ambitious founders building category-defining technology companies. We partner with founders early and support them through capital, strategic guidance, and a global network of operators.

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ABOUT US 

Rooted in Resilience, Growing with Purpose

Argan Global is an equity growth-stage fund built by a world-class team of professionals with a proven global track record in technology and entrepreneurship.
We are defined not just by what we invest in, but how we invest. We are operators before we are investors: a founding team that has scaled businesses, navigated markets, and built what others only advised on.

Our name draws from the African Argan Tree of Life: a tree renowned for its resilience, its purposeful abundance, and its capacity to sustain an entire ecosystem. That is the model we bring to every company we back — deep roots, deliberate growth, and value in every part of the relationship

Growth Capital

We deploy conviction-sized equity into growth-stage technology companies that have validated product-market fit and are ready to scale entering where the risk is calculated and the trajectory is clear.

Global CXO Council

A curated network of C-suite operators and industry leaders who bring cross-border market access, enterprise relationships, and strategic counsel extending the reach of every company in our portfolio.

Decades of Operator Experience

Our team has built, scaled, and exited companies across global markets. We bring hands-on expertise from zero-to-one through institutional capital and exits. We don't just advise; we've lived it.

Built for the Long Haul

We commit to multi-year partnerships that stay active through pivots, fundraising cycles, and scale. Our alignment is structural, deepening as your company grows, not tapering after the term sheet is signed.

Conviction-Driven
Growth Capital

We invest in category-defining deep tech companies at the growth inflection point, with sharp conviction in AI and Defence as the defining platform shifts of this decade. We don’t just write cheques, we enter as long-term partners with a stake in the outcome. Below are the thresholds and criteria we look for before making an investment.

Revenue Validation

Post-PMF Entry

We enter after product-market fit is validated and a meaningful revenue threshold is crossed reducing early-stage risk while capturing the full growth trajectory.

01

Technology Differentiation

Global Innovation Standards

We back companies whose technology is benchmarked against the world’s best not just locally competitive but built to a standard that holds up in global markets. Proprietary IP, defensible architecture, and a clear innovation moat are non-negotiables.

02

Revenue Scalability

Local-to-Global Revenue Scale

We invest in businesses with a proven India revenue engine and a credible path to international expansion companies that can use India as a launchpad to capture global markets, not just a domestic play.

03

While these principles guide every investment we make, two categories of opportunity stand out above the rest both sitting at the intersection of India’s unique advantages and the world’s most consequential technology shifts: the AI revolution and the global re-arming of Defence.

Why AI-Native from India

We believe India has the talent, markets, and infrastructure to produce AI-native companies that scale globally. The opportunity is not in catching up to what has been built elsewhere — it is in creating new categories from the ground up, in sectors where the constraints and context of India make products stronger, faster, and more exportable.

Tweaks

Our thesis spans four layers of AI, each compounding the next: Infrastructure enables Applications; Agentic systems unlock actions; Protocols create network effects.

Layer 01

AI Infrastructure

Back the picks-and-shovels that make model training and inference faster, cheaper, observable, and compliant.

Moats we look for

  • Performance-per-dollar advantage: lower $/token, faster latency, higher reliability
  • Enterprise-grade compliance and security
  • Proprietary AI models and use of AI for operational efficiency
  • Ecosystem and strategic partnerships

Layer 02

AI Application

Workflow-native apps with measurable ROI. We favour vertical depth, proprietary data loops, and tight system integrations.

Moats we look for

  • Unique and expanding datasets that create data network effects
  • Deep integrations with systems of core processes
  • Clear and measurable ROI within a renewal cycle
  • Preferential distribution: channels, community-led adoption

Layer 03

Agentic AI

Agents that do the work, not just draft it: plan, call tools, verify, and close loops safely. Focus on bounded, high-value runbooks with real system authority.

Moats we look for

  • Rich tool ecosystem: reliable connectors and robust retries
  • Governance and certification for regulatory compliance and institutional trust
  • Orchestration and composability creating network effects and platform lock-in

Layer 01

Protocol AI

Rails that let models, tools, and agents discover each other, transact, and prove provenance — unlocking network effects and multi-party workflows.

Moats we look for

  • Two-sided network effects
  • Trust and verifiability: identity, permissions, attestation, provenance, and watermarking
  • Built-in metering, billing, and rev-share that cement protocol centrality

Tweaks

Why Defence-Native from India

We believe India is uniquely positioned to produce defence-native companies that compete and win on the global stage. The opportunity is not in replicating what Western primes have built over decades ; it is in building indigenous, software-defined, and autonomous systems from the ground up, in a country where operational urgency, cost discipline, and scale make products battle-hardened and globally exportable.

Layer 01

Defence Platforms

Next-generation hardware systems drones, loitering munitions, UCAVs, and naval platforms engineered for cost-efficiency, modularity, and rapid deployment at scale

Moats We Look For:

  • Indigenous IP with export potential
  • Low cost-per-unit vs. Western incumbents
  • Modular architecture enabling fast upgrades
  • Proven field performance and reliability

Layer 02

Autonomous Intelligence

AI-powered systems for target acquisition, mission planning, real-time decision-making, and ISR turning raw sensor data into battlefield advantage with minimal human latency.

Moats we look for

  • Proprietary training data from real operations
  • Edge-deployable models with low SWaP
  • Sensor fusion across multi-domain inputs
  • Certifiable AI for military compliance

Layer 03

Counter-UAS & Networks

Layered defence and communication systems jamming, detection, kill-chain coordination, and resilient mesh networks that protect assets and ensure battlefield connectivity under contested conditions.

Moats We Look For:

  • Multi-layer detection: RF, radar, acoustic, optical
  • Hardened comms resistant to EW attacks
  • Swarm coordination and C2 integration
  • Fast kill-chain: detect-to-engage under 10s

Layer 01

Sovereign Infrastructure

The supply chain, MRO, simulation, and training infrastructure that makes a defence ecosystem self-reliant reducing import dependency while building durable institutional relationships with government and armed forces

Moats we look for

  • MoD / armed forces as anchor customer
  • Domestic supply chain with dual-use potential
  • Simulation and training software lock-in
  • Strategic alignment with Atmanirbhar Bharat

Our Team

Pratik Bose

Managing Partner

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Pratik Bose is a Space & Communications Scientist turned venture capitalist with over two decades at the frontier of deep technology; as an engineer, operator, and investor across the Asia , USA and Europe. His investing career has been defined by early conviction in categories the rest of the market followed into later.

At Cisco Systems, where he was the Director of Corporate Development for Private Equity, M&A, and Investment Strategy across Asia Pacific, Pratik helped steward a global portfolio of $2B+ across transformational technology areas. He pioneered Cisco’s entry into strategic sectors such as the Metaverse, IoT, and Managed Services, and led the company’s initiation into Impact investing in 2009.

He then served as Managing Partner of the India Angel Network Fund, one of India’s largest early-stage VC platforms, which he helped institutionalize alongside the CXOs of India’s first entrepreneurial wave backing 120+ companies across multiple continents with a central thesis of connecting Emerging Asia to global leadership.

Before finance, Pratik built the technology itself. He began his career at Lockheed Martin and Comsat Labs working on space, satellite, and defense communications; he is a co-author of seven IETF and IEEE global standards leading to four filed patents in wireless telecommunications and multimedia quality of service.

Charu Sharma

Investment Manager

Charu Sharma brings 7+ years of experience across investment banking, corporate finance, and venture capital, with a focus on deep tech investing and ecosystem building across the UK and European markets. She has worked closely with founders on fundraising, global go-to-market strategy, and scaling businesses from early product-market fit to commercial traction. She brings a cross-border perspective on identifying and supporting globally scalable companies, particularly in science-led innovation across AI/ML, climate tech, and emerging mobility.
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Utkarsh Singh

Investment Manager

Utkarsh brings a unique blend of quantitative expertise and global investment experience across hedge funds, private equity, and venture capital in the U.S. and India. With a strong analytical foundation in financial engineering, he combines data-driven rigor with deep market intuition- evaluating complex opportunities, supporting founders through fundraising and financial strategy, and driving informed decision-making across private markets
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A Growing Global Network of Accomplished Leaders

Ramendra Pratap Singh

Ramendra Pratap Singh is Founder and Managing Director of Deva Interiors (DIPL), one of India's top-tier design and turnkey contracting firms. Since 1998 he has led DIPL to execute landmark commercial interiors for HCL, IBM, Citibank, Hyatt, Toyota, Dell, HDFC, Deutsche Bank, TCS, and PVR — earning the Grand Prix Gyproc Trophy and representing India at the international edition in London. Beyond design, Ramendra is an active angel investor and advisor to deep tech and industrial ventures.

Samir Pandey

Samir brings 17+ years across M&A, corporate finance, and entrepreneurship, with a track record of executing USD 1.5B+ in deals across PE investments, exits, and structured finance. Former Director at Protiviti and VP at Centrum Capital, he blends strategic insight with financial acumen and entrepreneurial drive — a trusted partner for companies navigating growth, transformation, and capital events across Technology, Consumer, and Healthcare.

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Argan Fund â…  Scheme â…  is a SEBI registered AIF CAT II Alternative Investment Fund

SEBI Registration No: IN/AIF2/21-22/1017

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