About I Squared Capital
I Squared Capital is a Financial Services company based in Miami (United States) founded in 2012 by Gautam Bhandari and Sadek Wahba, and was acquired by Deutsche Bahn in October 2023. Investments are focused on infrastructure sectors like energy and transport. The company has 31 employees. I Squared Capital has completed 37 acquisitions, including Absolute Energy Capital, Aggreko and Arriva. Its website isquaredcapital.com draws about 26 thousand monthly visits. Its Indian entity I Squared India Advisors Private Limited reported revenue of ₹47.22 Cr. I Squared Capital offers products and services including Global Equity Strategy, Growth Markets Strategy, Energy Transition Strategy, Infrastructure Credit Strategy, and InfraTech Strategy. Its focus areas include Investment Industry, Infrastructure Funds and Funds.
Company details
I Squared Capital was established in 2012 and is headquartered in Miami, United States. Operations center on infrastructure investments across energy, transport, utilities, and telecom sectors. Funds are managed to support projects in these areas, with a team of managing partners and directors overseeing activities. Geographic emphasis is placed on opportunities in the United States and internationally.
- Headquarters Miami, United States
- Employees 31
- Founders Gautam Bhandari, Sadek Wahba
- Stage Acquired
- SectorsFinancial Services
- Website isquaredcapital.com
- Social LinkedIn X Facebook
- Acquired by Deutsche Bahn (Oct 2023)
- Legal Name I Squared Capital
- Date of Incorporation 31 Dec, 2014
- Indian entity revenue₹47.22 Cr
FY 2025 · +8% YoY
- Indian entity net profit₹6.34 Cr
FY 2025 · 13% margin
- Indian entity EBITDA₹8.83 Cr
FY 2025 · 19% margin
- Investors
- Employee Count31
- Investments & AcquisitionsAbsolute Energy Capital
& 36 more
- Acquired byDeutsche Bahn
(Oct 2023)
Associated legal entities of I Squared Capital
I Squared Capital operates through I Squared India Advisors Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| I Squared India Advisors Private Limited CIN U74140DL2014FTC274854 | Active | 31 Dec 2014 | New Delhi, Delhi | ₹47.2 Cr | 27 | 5 | View details |
Products & Services of I Squared Capital
I Squared Capital offers a comprehensive portfolio of products and services, including Global Equity Strategy, Growth Markets Strategy, Energy Transition Strategy, Infrastructure Credit Strategy, and InfraTech Strategy.
Invests in infrastructure companies across sectors for diversified returns.
Acquires assets in high-growth economies to boost productivity.
Focuses on renewable energy projects for low-carbon transitions.
Provides financing for essential infrastructure with yield protection.
Invests in growth-stage tech firms applicable to infrastructure.
Investors in I Squared Capital
I Squared Capital has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Deutsche Bahn.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Deutsche Bahn is engaged in providing rail transportation services. | 1994 | bahn.de | Frankfurt, Germany |
Investor details for I Squared Capital
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Board of directors of I Squared India Advisors Private Limited (I Squared Capital)
I Squared India Advisors Private Limited is the primary company behind I Squared Capital. The board of I Squared India Advisors Private Limited currently have 4 directors; the longest-serving is Updesh Singh Tomar, appointed in 2021. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Updesh Singh Tomar DIN 05228673 | Company Secretary | 28 Jul 2021 | 5 yrs 3 mo | I Squared India Advisors Private Limited |
| Sandeep Lakhanpal DIN 07171147 | Director | 23 Nov 2021 | 4 yrs 11 mo | I Squared India Advisors Private Limited |
| Anthony Thomas Fonte DIN 09732999 | Director | 09 Sep 2022 | 4 yrs 2 mo | I Squared India Advisors Private Limited |
| Ashish Agarwal DIN 10258925 | Director | 28 Jul 2023 | 3 yrs 3 mo | I Squared India Advisors Private Limited |
People of I Squared Capital
49 people are tracked at I Squared Capital (37 in leadership, 12 in team); the tracked headcount is 31.
| Name | Role | Group |
|---|---|---|
Gautam Bhandari | Co-Founder & Managing Partner | Leadership |
Sadek Wahba | Co-Founder & Managing Partner | Leadership |
Jesse Krynak | Fund Partner | Leadership |
Rob Hamilton | Managing Director | Leadership |
Mohamed El Gazzar | Senior Partner | Leadership |
Sayantan Lahiri | Managing Director | Leadership |
Harsh Agrawal | Partner | Leadership |
Kunal Agarwal | Managing Director | Leadership |
Ahmed Zaki | Managing Director | Leadership |
Ross Berger | Vice President | Leadership |
Sofia Ysewyn | Operating Director | Leadership |
Jim Lehmann | Operating Director, Deputy General Counsel, I Squared Capital Advisors | Leadership |
Ronald Schweizer | Chief Operating Officer - Americas | Leadership |
Zhenhua Fan | Operating Director | Leadership |
Chris Shears | Operating Director | Leadership |
Brent Tasugi | Managing Director - Transportation & Logistics | Leadership |
Chandan Roy | Operating Director | Leadership |
| Managing Director | Leadership | |
Ramy Nasr | Managing Director | Leadership |
Larisa Bagyinka | Vice President | Leadership |
29 more people are available in the full profile.
Complete people profiles for I Squared Capital
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Financials of I Squared Capital
Figures of I Squared India Advisors Private Limited, the primary company behind I Squared Capital, for FY 2025. Revenue was ₹47.22 Cr (+8% year on year). Net profit was ₹6.34 Cr (13% margin). EBITDA was ₹8.83 Cr (19% margin). Revenue has grown at a compounded annual rate of +13% over three years and +15% over five years.
- ₹47.22 CrRevenue · FY 2025 · +8% YoY
- ₹6.34 CrNet profit · 13% margin
- ₹8.83 CrEBITDA · 19% margin
- ₹3.50 CrPaid-up capital
- 27Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of I Squared India Advisors Private Limited are on its company page.
Detailed financial statements for I Squared Capital
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Investments & Acquisitions by I Squared Capital
I Squared Capital has strategically engaged in corporate development activities, having acquired 37 companies. Notable acquisitions include Absolute Energy Capital, Aggreko and Arriva.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Billboard advertising platform | oohmedia.com.au | Sydney, Australia | 1989 | Aug 2026 | $634M | |
Energy waste sequestration and carbon capture services are offered. | milestone-es.com | Houston, United States | 1993 | Jul 2026 | •••• | |
Develops and manages solar energy projects from design through operations. | oridenpower.com | Pittsburgh, United States | 2019 | Apr 2026 | •••• | |
Used tires are collected, processed, and recycled into reusable materials. | libertytire.com | Pittsburgh, United States | 2000 | Oct 2025 | •••• | |
Food storage and distribution services are provided for various products. | royalecoldstorage.com.ph | Taytay, Philippines | 0 | Jun 2025 | •••• | |
Provider of natural gas pipeline transportation services | matterhornexpress.com | Austin, United States | 2022 | May 2025 | •••• | |
Public transport services are delivered through coaches, buses, and trains. | nationalexpress.com | Birmingham, United Kingdom | 1928 | Apr 2025 | •••• | |
Coastal storage and pipeline services are provided in Subic, Philippines. | philcoastal.com | Subic, Philippines | 2004 | Oct 2024 | •••• | |
Safe, sustainable bulk liquid storage solutions are provided. | tepsa.com | 0 | Oct 2024 | •••• | ||
Energy monitoring and management are enabled via a cloud-based platform. | prioritypower.com | United States | 2001 | Jul 2024 | •••• |
Complete acquisition details for I Squared Capital
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Timeline of I Squared Capital
12 dated milestones of I Squared Capital across 14 years, from founding to its latest funding, stage changes and deals.
- Founded I Squared Capital is founded.
- Exit Acquired by Deutsche Bahn.
- Acquisition Acquires Priority Power.
- Acquisition Acquires Tepsa.
- Acquisition Acquires PCSPC.
- Acquisition Acquires National Express.
- Acquisition Acquires Matterhorn Express Pipeline.
- Acquisition Acquires Royale Cold Storage.
- Acquisition Acquires Liberty Tire.
- Acquisition Acquires Oriden.
- Acquisition Acquires Milestone Environmental Services.
- Acquisition Acquires oOh Media.
Web traffic of I Squared Capital
The website of I Squared Capital (isquaredcapital.com) receives about 26.1K visits a month.
- Monthly visits26.1K
▲ 26.4% vs previous month
Websites whose visitors overlap most with I Squared Capital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| arapartners.com | 100% | 12.1K | #1,833,556 | View details | |
| altassets.net | 82% | 16.2K | #1,690,934 | View details | |
adviserinfo.sec.gov | adviserinfo.sec.gov | 79% | – | ||
| infrastructureinvestor.com | 78% | 68.3K | #678,771 | View details | |
| icgam.com | 78% | 48K | #752,695 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for I Squared Capital
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Top companies in Infrastructure Funds
3 companies that operate in the same segment as I Squared Capital (Infrastructure Funds) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Alternative asset investment management firm | 1997 | Los Angeles, California, United States | USD 6.2 B | 3,200 | ||
Renewable energy infrastructure investments are managed by Generate Capital. | 2014 | San Francisco, California, United States | 156 | |||
Infrastructure fund focused on power generation & transmission | 1990 | New York, New York, United States | USD 900 M | 309 |
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Related news about I Squared Capital
Complete news archive for I Squared Capital
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Frequently Asked Questions about I Squared Capital
I Squared Capital was founded in 2012.
I Squared Capital is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
I Squared Capital has 31 employees.
The primary company behind I Squared Capital, I Squared India Advisors Private Limited, reported revenue of ₹47.22 Cr for FY 2025, up 8% year on year.
I Squared Capital was established in 2012 and is headquartered in Miami, United States. Operations center on infrastructure investments across energy, transport, utilities, and telecom sectors. Funds are managed to support projects in these areas, with a team of managing partners and directors overseeing activities. Geographic emphasis is placed on opportunities in the United States and internationally.
I Squared Capital offers Global Equity Strategy, Growth Markets Strategy, Energy Transition Strategy, Infrastructure Credit Strategy, and InfraTech Strategy.
I Squared Capital has made 37 acquisitions, including Absolute Energy Capital, Aggreko, and Arriva.
I Squared Capital has 1 investor. Key investors include Deutsche Bahn.
I Squared Capital operates through I Squared India Advisors Private Limited.
Yes. I Squared Capital was acquired by Deutsche Bahn in October 2023.
The legal entities of I Squared Capital currently have 4 directors, including Ashish Agarwal, Sandeep Lakhanpal, Anthony Thomas Fonte and others.