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ContentsContentsContentsContentsContentsExecutive Summary 1
Sales Impact 3
Profitability Impact 4
Wages Impact 5
Export Impact 6
R&D Impact 7
Methodology 8
Case Study: Genpact 10
Case Study: Shriram Transport 12
Case Study: Excelsoft 14
Case Study: Subhiksha 16
About Prof Amit Bubna: Advisor to the Study 18
Sponsor Profiles 19
About Venture Intelligence 25
Supported by:
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In recent years, the swelling waves of Private Equity (PE) and Venture Capital (VC)
funds that lashed the shores of India have significantly changed the countrys corporate
landscape. In the three year period ended December 2008, PE and VC firms invested
almost $32 billion (i.e., a staggering Rs. 1,30,000 crores) into Indian companies.
1
Executive Summary
Private Equity Investments in India
12
10
8
6
4
2
0
14
16
0
50
100
150
200
250
300
350
400
450
500
1.7 2.1
7.2
13.9
10.8
82
158
326
439
399
2004 2005 2006 2007 2008
How exactly have Indian companies benefited from this barrage of PE and VC financing?
What value did PE and VC investors offer to Indian entrepreneurs, besides the capital?
The Venture Intelligence Private Equity Impactstudy, first conducted in 2007, measured
the impact of PE and VC funds on the Indian economy using quantitative methods the
first such initiative in India. This year, again with advice and guidance from Prof. Amit
Bubna of the Indian School of Business-Hyderabad, we have revisited the theme of
comparing PE- and VC-backed companies vis--vis non PE- or VC-backed peers in
terms of key economic parameters such as Sales, Profitability, Exports, Wages and
Research & Development.
!
Value US $ Billion No. of Deals
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2
Since our first PE Impact study in 2007, the sample size of publicly listed PE-backed
companies has increased significantly. The list has also become more diversified in
terms of sector. In addition, there has been a substantial rise in domestic-market focused
companies.
Apart from the quantitative study, we interacted with entrepreneurs and top executives
at four companies from different sectors Business Process Outsourcing, E-learning,
Financial Services and Retail to understand how their organizations benefited from
PE/VC investments.
The following are some of the key inferences that emerge from the quantitative study
and interactions with entrepreneurs:
PE and VC investment, when chosen and leveraged well, helps companies create
innovative business models, scale up rapidly and accelerate growth in several
ways that add significant value to the Indian Economy.
PE and VC firms are forging active partnerships with their investee companies
to improve capital efficiency, business strategy and corporate governance,
besides opening up new markets internationally.!
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Over the eight year period considered, on an average, PE-backed
companies grew at 24.9%, a significantly higher rate than non
PE-backed companies (15.5%), Nifty (19%) and CNX Midcap
(20.6%).
Comparative Annual Sales Growth (2000 - 2008)Comparative Annual Sales Growth (2000 - 2008)Comparative Annual Sales Growth (2000 - 2008)Comparative Annual Sales Growth (2000 - 2008)Comparative Annual Sales Growth (2000 - 2008)
30%
25%
20%
15%
10%
5%
0%PE - backedcompanies
Non PEbacked companies
Nifty Sensex CNX Midcap
24.9%
15.5%
19.0%20.0% 20.6%
CA
GR
Private Equity boosts Indian economy
3
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4
On an average, PE-backed companies showed 34.6% growth
in Profit-After-Tax, significantly higher than non-PE backed
companies (25.3%), Nifty (26.4%) and CNX Midcap (25.4%).
ComparativComparativComparativComparativComparative Annual Pe Annual Pe Annual Pe Annual Pe Annual PAAAAAT GrT GrT GrT GrT Grooooowth (2000 - 2008)wth (2000 - 2008)wth (2000 - 2008)wth (2000 - 2008)wth (2000 - 2008)
30 %
25 %
20 %
15 %
10 %
5 %
PE - backed Non PEbacked
Nifty Sensex CNX Midcap
34.6%
25.3% 26.4% 25.6% 25.4%
35%
CAGR
Private Equity-backed companies are moreprofitable
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Wages at PE-backed companies grew at a significantly higher
rate than at their non PE-backed peers. The growth rate of wages
at PE-backed companies was almost thrice that of Midcap index
companies and substantially more than that of non PE-backed
companies.
Comparat ive Annual Wages Growth (200 0 - 200 8)Comparat ive Annual Wages Growth (200 0 - 20 08)Comparat ive Annual Wages Growth (200 0 - 200 8)Comparat ive Annual Wages Growth (200 0 - 20 08)Comparat ive Annual Wages Growth (200 0 - 20 08)
30 %
25 %
20 %
15 %
10 %
5 %
0 %
PE - backed Non PEbacked
Nifty Sensex CNX Midcap
32.0%
14.9%
20.3%
22.5%
11.1%
35 %
CAGR
Private Equity-backed companies createwell-paying jobs
5
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6
A few years ago, Private Equity firms were primarily focused on
export-oriented sectors, especially IT Services, BPO and
Pharmaceuticals. In recent years, they have shifted focus to
sectors targeting the domestic economy. About 59% of the PE-
backed companies are focused on the domestic market. (See
page 9 for split-up of PE-backed companies by industry.)
While the growth rate of exports at PE-backed companies (at 31%)
lags that of large cap companies, it is still higher than at non PE-
backed companies (26.3%) and midcap companies (27.8%).
30 %
25 %
20 %
15 %
10 %
5 %
0 %
PE - backed
companies
Non PE
backed
Nifty Sensex CNX Midcap
31.0%
26.3%
34.1%
42.2%
27.8%
Comparative Annual Exports Growth (2000 - 2008)Comparative Annual Exports Growth (2000 - 2008)Comparative Annual Exports Growth (2000 - 2008)Comparative Annual Exports Growth (2000 - 2008)Comparative Annual Exports Growth (2000 - 2008)
CAGR
35 %
40 %
45 %
Private Equity-backed companies generate
foreign exchange earnings
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Research and Development (R&D) activity that helps launch
innovative products and services is key to spurring economic
demand. Lack of capital to invest in R&D has long been a factor
that held back corporate India. Private Equity capital is helping
address this issue.
Growth in R&D investments at PE-backed companies is overtwice that at their non PE-backed counterparts.
Comparative Annual R&D Growth (2000 - 2008)Comparative Annual R&D Growth (2000 - 2008)Comparative Annual R&D Growth (2000 - 2008)Comparative Annual R&D Growth (2000 - 2008)Comparative Annual R&D Growth (2000 - 2008)
30 %
25 %
20 %
15 %
10 %
5 %
0 %
PE - backedcompanies
Non PEbacked
Nifty Sensex CNX Midcap
45.2%
21.3%
30.3%32.4%
28.7%
35 %
40 %
45 %
50 %
Private Equity catalyzes innovation in the economy
7
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Private Equity firms invest in the equity of companies that are, typically, not traded on a public
stock exchange. Categories of Private Equity investments include buyouts, mezzanine capital,
venture capital (VC) and seed capital. In some cases, Private Equity firms also invest in
listed companies through PIPE (Private Investment in Public Enterprises) transactions.
Quantitative Study
" The time period used for the quantitative comparison was 2000-2008. This period includes an
upward and downward cycle in the economy and maximizes the number of companies taken for
comparison. Private Equity investments in the economy declined in the period 2000-2002 before
picking up again in 2003.
" The companies analyzed in the quantitative study are publicly listed firms to ensure authenticityand accessibility of data.
" The list of all publicly listed companies as on December 31, 2008 was compared to Venture
Intelligences database of Private Equity-backed companies to generate a list of publicly listed Private
Equity-backed companies.
" The Private Equity-backed companies considered were those that received such an investment
at any point in their lifecycles. The investor(s) might/might not hold a stake in the company currently.
" From the above, companies for which sales data for either 2008 or 2000 wasnt available were
eliminated from both PE-backed and Non-PE-backed sets.
" Post the above filtration, there were 182 such publicly listed Private Equity-backed companies
(which constitute the PE-backed Cos. list in the report). These companies were eliminated from the
master list to generate the list of 1,988 non Private Equity-backed companies.
" On the basis of the sector-wise and size-wise distribution of Private Equity-backed companies,
Nifty, Sensex and CNX Midcap were chosen as the relevant indices for comparison. The constituents
of the indices used for comparison were the ones as on January 1, 2009. Movement of particular
stocks from and into the index was not considered.
" In case a company in the PE-backed companies list was involved in a merger or acquisition, the
merged entity was considered as Private Equity-backed based on the following:i) Whether the Private Equity firm retained a stake in the merged entity, or
ii) Whether the company that constituted 75% or more of the merged entitys
revenues was Private Equity-backed, or
iii) Whether Private Equity funding played a role in the transaction. For example, it is
common for companies to use Private Equity funding for inorganic growth. In such
cases, the merged entity was considered Private Equity-backed.
" Adjustments were made for changes in annual reporting cycles.
"The sample might suffer from survivorship bias, as it represents a sample of Private Equity-
backed companies that were able to go public. The performance of these companies has been
compared to non PE-backed companies that are also listed, mitigating this bias.
Methodology
8
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Industrywise distribution of PE-backed companies
Sizewise distribution of PE-backed companies
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Profile:
Genpact started out as GECIS, GEs captive outsourcing unit, in
Gurgaon in 1998. In 2004, by which time the unit had grown into a
sizable entity with 17,000 employees, GE and the GECIS top
management saw the potential to extend the latters services to other
large multinationals.
While several strategic buyers were also interested in GECIS, the
management chose to go with Private Equity firms General Atlantic
and Oak Hill. The decision was driven by several factors, explains
Pramod Bhasin, President & CEO of Genpact. Going with PE firms
would help preserve the DNA and culture of the company, ensure
continuity of services to GE and incentivize the existing management
team to grow the firm. The PE firms would also be able to help
commercialize the capabilities and value proposition of GECIS.
Today, Genpact employs over 34,000 people across 31 Delivery
Centers in 10 countries. Genpact went public on the NYSE in 2007.
Investors:
General Atlantic Partners, Oak Hill Capital
Investment Summary:
General Atlantic and Oak Hill acquired a 30% stake each from GEin November 2004 for a total investment of US$ 500 million.
Case Study
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IndustryIndustryIndustryIndustryIndustry BPOBPOBPOBPOBPO
CompanyCompanyCompanyCompanyCompany GenpactGenpactGenpactGenpactGenpact
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Private Equity and Genpact:
The investors have helped Genpact tap customer contacts,
formulate company strategy and go-to-market strategy. At
the time of Genpacts IPO, the company was able to
leverage the investors knowledge of capital markets and
experience of taking companies public. We were also able
to benefit significantly from their global network,
understanding of key markets as well as experience in new
verticals and practices to formulate our expansion and
diversification strategies, Bhasin adds.
How has life changed for the management team post the
entry of PE investors? Under GE, we built our culture, DNA
and acquired significant capabilities. Under PE firms, we
learned how to commercialize, market ourselves better and
strategically think through where we want to be in the
medium to long term, says Bhasin. Earlier, there was
dependence on GE in terms of strategy and directions. Now,
it is the management team that drives the strategic agenda
and runs it like its own business. There is a sense of
ownership, purpose and pride in building something unique.
There is freedom with accountability and responsibility.
PE Impact:
!!!!! Developing customer contacts
!!!!! Active participation in the acquisitions process
!!!!! Corporate governance structuring the Board and its committees
!!!!! Devising employee compensation plans
Pramod Bhasin,
President & CEO, Genpact
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Profile:
Innovationhas repeatedly earned the Shriram Group rich
dividends. In 1979, it spotted a market in offering vehicle
financing to small truck owners. Its offer of loans to buy
used trucks was a big success and today, with a 25% share
of the largely unorganized market, Shriram Transport
Finance Corporation (STFC) is the leader in truck finance.
In the late 1990s, when NBFCs struggled to cope with
stricter regulatory norms at one end and poor consumer
confidence at the other, the Shriram Group trained its focus
on managing its reputation and won the battle. In the earlypart of this decade, the group once again hit a new route
it became one of the few big corporate houses in India to
go for PE funding in a big way.
Investors:
ChrysCapital, TPG Newbridge
Investment Summary:
STFC raised about Rs. 100 crore from ChrysCapital in
February 2005, followed by a $100 million round from TPG
Newbridge in September 2005.
Case Study
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IndustryIndustryIndustryIndustryIndustry Truck FinanceTruck FinanceTruck FinanceTruck FinanceTruck Finance
CompanyCompanyCompanyCompanyCompany Shriram Transport FinanceShriram Transport FinanceShriram Transport FinanceShriram Transport FinanceShriram Transport Finance
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Private Equity and Shriram Transport:
In recent years, PE funds have made 25 different equity
investments totaling about Rs. 1,936 crore across nine
companies of the Shriram Group. Of this, STFC has
raised Rs. 439 crore. We raised Rs. 100 crore from
ChrysCapital in 2005 to fund our capital needs, recalls
R. Sridhar, MD of STFC. The growth that followed was
rapid and we needed funds again in 12 months. In came
TPG with a $100 million investment.
We were looking to raise funds via various options
including a public offering, says Sridhar. But the PE
investors were very willing to invest during 2005-2008,when the countrys economic growth was booming. We
opted for it because we found the PE route to be quicker
and the process was easy.
The investors interact with STFC at different levels. While
ChrysCap operates mostly at the board level, TPG is
more involved at an operational level. The PE investors
also enable STFC to develop a global outlook.
Its never easy working with multiple investors, admits
Sridhar. I credit my management with handling them
perfectly, he adds. We have a good relationship with
them. We make them feel comfortable.
R. Sridhar, MD, STFC
PE Impact:
!!!!! Quicker access to funds to fuel rapid expansion
!!!!! Helped develop a global outlook
!!!!! Inputs for decision making at both board and operational levels
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Profile:
Mysore-headquartered software services provider Excelsoft
decided to focus on e-learning when it was not fashionable
to do so. We were encouraged by some of the successfullarge-scale online education implementations abroad and
saw a huge opportunity there, recalls D.Sudhanva, CEO.
Nine years down, his decision appears vindicated. The
company is into a range of businesses in the e-learning
space including consulting, product design & engineering,
custom software development and content development.
In 2001, for funding as well as for tapping business expertise,
Sudhanva turned to UTI Ventures. UTI Ventures helped usin two ways, he observes. They offered a sounding board
for our product ideas; and they lent us the business exposure
we lacked. Result: Excelsoft now caters to corporations,
universities, schools, publishers, e-learning portals and
governments across the world, developing platforms under
the brand Saras.
Investors:
UTI Ventures, DE Shaw, Arohi Asset Management
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IndustryIndustryIndustryIndustryIndustry E-learning ToolsE-learning ToolsE-learning ToolsE-learning ToolsE-learning Tools
CompanyCompanyCompanyCompanyCompany Excelsoft TechnologiesExcelsoft TechnologiesExcelsoft TechnologiesExcelsoft TechnologiesExcelsoft Technologies
Case Study
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PE IMPACT
!!!!! HR systems, legal framework, overseas market knowledge
! Sounding board for product ideas and to validate assumptions
! Funding for niche product development
Private Equity and Excelsoft:
Excelsoft raised its first round of funding - of Rs. 2.5 crore
- from UTI Ventures in 2001. Sudhanva says the role of
UTI Ventures was particularly helpful because Excelsofthad a strong niche product focus that the investors
understood. Also, they were willing to wait for the venture
to shape up.
The company has recently seen a change of investors.
In April 2008, UTI Ventures sold its stake in the company
to DE Shaw. In September 2008, another overseas
investor, Arohi Asset Management, also chose to invest
in the firm.UTI Ventures was associated with Excelsoft for over
seven years. Initially, we helped the company in fine-
tuning its business model and target-market focus.
Though the company presented exit possibilities earlier,
sensing the true potential of the company, we waited
patiently. Our patience has paid off. We are very pleased
to note that this is one of the best exit multiples realized
by any VC/PE Investor in India, says Raja Kumar, MD& CEO, UTI Ventures.
Sudhanva says the presence of financial investors
provided a pressure point that made us stronger. To
other entrepreneurs, his advice would be: Opt for an
investor who knows the business, and is product- and
IP-oriented. The investor should appreciate your model,
and understand your market.
D. Sudhanva, CEO,
Excelsoft Technologies
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IndustryIndustryIndustryIndustryIndustry RetailRetailRetailRetailRetail
CompanyCompanyCompanyCompanyCompany SubhikshaSubhikshaSubhikshaSubhikshaSubhiksha
Profile:
In the 12 years since its inception in 1997, Subhiksha has
grown from a single store in Chennai to one of Indias largest
supermarket chains with over 1,000 outlets across 90 cities.
Subhikshas founder, Ramaswamy Subramanian, an IIT-
Madras & IIM-A alumnus, started the company with the aim
of delivering savings to consumers on products they need
in their daily lives. Subhiksha follows an Indianised format
of supermarket catering to even the bottom of the pyramid
customer, with goods typically sold at a discounted price.
Besides grocery, childcare, food, pharmaceuticals andhousehold products at its regular stores, the company is
setting up exclusive retail outlets to sell mobile phones under
the brand Subhiksha Mobile.
The firm adopts a cluster strategy for growth by opening a
large number of stores at a location that has a high density
of potential customers. This ensures that cannibalization of
sales would be within the network of stores, rather than to
other chains or independent outlets.
Case Study
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Investors:
ICICI Venture, Premji Invest
Venture Capital and Subhiksha:
ICICI Venture first invested in Subhiksha in 2000.
Subramaniam points to three distinct benefits that the
venture capital infusion brought in: The first value-add was
credibility with bankers, employees and with the rest of
the market. Secondly, given that we were then a small
company trying to expand, venture financing gave us quick
access to capital. The third element was that the investors
brought in an outsider perspective. It was valuable since
they were familiar with different businesses acrosssegments.
ICICI Venture followed up their initial investment with
another infusion in December 2004. Subramaniam says
the second round was an endorsement to the way
Subhiksha was doing.
In September 2008, Wipro chairman Azim Premji acquired
a 10% stake in the company via his Private Equity
investment vehicle. Talking about Premjis decision toinvest in his company, Subramaniam says: Premjis
credibility rubs off on us. The company would surely benefit
from being associated with someone who is known for
probity and for setting high benchmarks in corporate
governance.
PE Impact:
!!!!! Credibility with bankers, employees and the market
!!!!! Perspective on business from the investors experience of
having dealt with several businesses across segments
!!!!! Quick access to capital for expansion
Ramaswamy Subramanian,
Founder, Subhiksha
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About Prof. Amit Bubna
18
Prof. Bubna holds a Ph.D in Economics
from Stanford University (USA), an M.Phil
and BA in Economics from Cambridge
University (UK) and a B.Sc. in Economics
from Presidency College, Kolkata.
He joined the faculty at Indian School of
Business, Hyderabad (ISB) as Assistant
Professor in 2004. Prior to this, he was a Managing Economist at the
California office of LECG, LLC, a leading economic consulting services
firm that provides complex economic and financial analysis for a wide
range of customers, including Fortune 100 companies, regulatory
bodies, and international financial institutions.
Prof. Bubna has taught economics to undergraduates at the University
of California at Berkeley. He has also been a guest lecturer at the Haas
School of Business, University of California where he spoke on the
role of venture capital in funding new ventures.
Prof. Bubnas research interests include microeconomic theory, with
applications in areas such as informal finance, venture capital,
bankruptcy and auctions; comparative institutional analysis; corporatefinance; and law and economics. His article on venture capital
syndication was published in Research in Finance.
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Sponsor Profiles
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21
Halcyon is an Actively Involved Investing group, founded by Narayan Seshadri, Chairmanand CEO and Abhay Soi, Managing Director.
Halcyon was established in 2004 as a work-out group helping underperforming and
stressed companies survive, revive and grow. In 2007, Halcyon entered into an advisory
arrangement with an overseas fund for investing in special situations businesses in India. This
fund has as its investors, one of the most successful value investing fund houses in the world.
In the course of their work-out and investing history and their prior careers, Halcyon and its
sponsors have helped turn-around several stressed and underperforming companies. Halcyons
model of innovative transaction structuring for downside protection in stress situation and active
involvement for unlocking and creating value, have ensured most of their investments are still
valuable despite the prevailing market and economic conditions.
To enhance its impact of intervention, Halcyon has established an ecosystem of partners who
provide specialized services ranging from Legal, Accounting, Tax, Audit and Recruitment services
to Technical and IT support.
Halcyon has now entered into an arrangement to advise a new fund being set up to address
distress and restructuring opportunities in India.
Contact Details:
Halcyon Resources & Management Limited
Ground Floor, Hoechst House Nariman Point, Mumbai 400021
Tel: 91 22 2284 6000 Fax: 91 22 2284 6060 Email: [email protected]
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About UTI Ventures
UTI Ventures is a leading Indian Private Equity firm focused on growth capital. We are backed
by marquee investors from India and overseas. The key attributes of our firm are:
!!!!! An outstanding track record built over the course of Fund I and Fund II,both of which are among top performers
!!!!! A local, cohesive and well-networked team with over 80 years of
experience in Indian markets and nearly 40 years of experience in Indian PE
!!!!! An investment philosophy based on entrepreneur-centric opportunities,
disciplined valuation and continuous value-add
!!!!! A vast network which gives us access to proprietary deal flow and enables
us to drive our portfolio companies to a higher growth trajectory
Investment ApproachThe focus of our investments is Indian mid-market growth capital private equity. We follow an
entrepreneur centric investment approach and take significant minority stakes in the companies
that we back. We actively seek out promising Indian companies driven by visionary leadership.
Our constant endeavour is to complement the strengths of the teams we back. From raising
additional capital, attracting senior management talent, maintaining high standards of corporate
governance, preparing companies for successful IPOs to providing advice on inorganic growth
plans, we leverage our experience and network to drive the success of every company we
back.
Ascent India Fund IIIThe management team has currently launched Ascent India Fund III with a targeted corpus of
US$ 400 million. Fund III will focus on mid market growth capital opportunities and make
investments in the range of US$ 10 30 million in each portfolio company over one or multiple
tranches.
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Focus Sectors
We prefer to invest in sectors in which we have proven expertise and are poised for significant
growth due to Indias emergence as a fast growing economy. These sectors are underpinned by
three key considerations.Domestic consumption driven demand
Key Sectors: Retail, Entertainment & Media, Financial Services,
Healthcare, Educational & Training Services
Infrastructure spend led demand
Key Sectors: Engineering, Capital Goods & Construction, Logistics &
Allied, Power & Renewable Energy
Global competitiveness of Indian industry
Key Sectors: Pharmaceutical and Life Sciences, Information Technology,Business Process Outsourcing & Knowledge Process
Outsourcing
Portfolio Companies
Our portfolio includes emerging leaders in sectors such as infrastructure services, retail, outdoor
media and alternate energy:
Laqshya Media, one of Indias largest outdoor media companies
Koutons Retail, one of the largest integrated apparel retail chains in India
Consolidated Construction Consortium, a leading urban infrastructure services companyPESCO Beam, a fast growing environmental solutions company
Shriram EPC, a leading EPC service provider
Ind Barath Power, Indias largest group captive power producer
For further details contact:
UTI Ventures
Concorde Block, 16th Floor, UB City, #24 Vittal Mallya Road, Bangalore 560 001
Tel: + 91 80 3055 1200. Fax: + 91 80 3055 1234
email: [email protected]
1923
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Capvent AG is an independent Private Equity investment group based in Switzerland, with
offices in the UK and India. Our focus is on generating high returns for our LP investor partners
by investing in exceptional Private Equity funds internationally.
We manage or advise Private Equity programs of over $1.5 billion in size, invested in over 80groups through fund-of-funds and co-investment programs. Capvent invests in the full range
of Private Equity strategies, including leveraged buyout, growth and expansion capital, venture
capital, distressed and mezzanine funds.
The team includes five partners, two based in India (Varun Sood and Rohan Ajila), two in
Zurich (Tom Clausen and Thomas Vock) and one in London (Joe Sovran) respectively, with
a cumulative total of over 80 years of experience in Private Equity. They are supported by an
investment team of 10 investment professionals in addition to analytical and back office
resources, functioning out of three offices in India.
With an office in India since 2003, Capvent was the first experienced institutional fund-of-funds manager with an operational presence in India.
For further details contact:
Varun Sood
Capvent India Advisors Ltd., 7/2 Edward Road, Bangalore 560052, Tel: +91 98 504 61676.email: [email protected]
Tom F. Clausen
Capvent AG, Dufourstrasse 24, 8008 Zurich, Switzerland India, Tel: +41 43 500 50 71/2.
email: [email protected]
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Venture Intelligence, a division of TSJ Media, is the leading provider of information and networking
services to the Private Equity/Venture Capital Entrepreneur ecosystem in India.
Our research and analysis is used extensively by PE / VC industry practitioners, entrepreneurs,
CXOs of large corporations, the media as well as regulatory agencies. Our publication subscribers
include leading PE / VC Firms, Limited Partners, Investment Banks, Law Firms, HR Services
Firms and Consulting Firms.
Venture Intelligence has an exclusive agreement with the Global-India Venture Capital Association
(GIVCA) to bring out quarterly and annual reports on Venture Capital investments in India.
Venture Intelligence products are a one point source for information and analysis on:
- Private Equity, Venture Capital and M&A deals- Companies looking for investors and M&A deals
- New Funds being raised
Our products include:
Databases
!!!!! Profiles of all Private Equity, Venture Capital and M&A deals since 2004
!!!!! Includes searchable profiles of all PE/VC firms and PE/VC-backed companies
Newsletters
!!!!! Daily & Weekly formats for practitioners in the deal ecosystem
!!!!! Sector-focused monthly format for entrepreneurs
Private Equity & Venture Capital Reports
!!!!! Quarterly and Annual reports on PE & VC trends.
Directories
!!!!! Private Equity & Venture Capital Directory
!!!!! Directory of Early Stage Investors
!!!!! Investment Bank Directory
Conferences
Venture Intelligence conferences are a leading platform that bring together investors and
entrepreneurs in a focused manner that facilitates discussion and networking. Speakers at Venture
Intelligence Conferences are typically investors, entrepreneurs and CXO/Board-level executives
from accomplished companies.
Contact Details:
TSJ Media Pvt. Ltd. 48 (Old No. 29), Ground Floor, Warren Road, Mylapore, Chennai-600 004INDIA. Email: [email protected]. Web: www.ventureintelligence.in
25
About Venture Intelligence
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Indias largest Deal Information Bank. Since 2002.www.ventureintelligence.in