Monday, May 20, 2013

VCCircle

Mergers, Acquisitions, Private Equity, Venture Capital, Investment Banking

The stock markets are at a three-year low. The US and European markets have been in a turmoil, and the global economy is feared to moving into a recession. There is a liquidity crunch so much so that even banks are borrowing at exorbitant rates. Companies are looking at cutting costs. Some have begun downsizing. The policymakers world over are on an action drive. There have been concerted moves from central banks of all major countries to cut interest rates. The governments have come up with bailouts of billions of dollars to save their financial institutions. In short, the economy has got everyone down in the dumps.

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It's not. It's just that you need to respond to the changing market realities appropriately. Prime Minister Manmohan Singh has already said the government would spend on infrastructure to step up the economic growth. Remember, what Golden Quadrilateral roads project did to the Indian economy five years ago.

Reserve Bank of India has already cut cash reserve ratio and Repo rates to infuse liquidity into the market. It has taken steps to make the market attractive to the foreign institutional investors. Some of the FDI policies are under review to welcome foreign capital.

Fund raising in the current environment has gotten only tough, but not impossible. The deals may have come down, but they are indeed happening. There are funds still sitting with cash and looking for deals in this downmarket.

So it's not the time for inaction, but action. It's not the end of the road, but just a sharp turn which you need to navigate carefully.

VCCircle is organising its third investment forum in Hyderabad with the theme "Investing In A Perfect Storm", which will discuss all this and much more. The event will see more than 15 speakers sharing their views on the current environment and on the way out of the crisis.

Find out what the brightest minds in Indian private equity and business have to say about deal making in a downturn. How long will the slowdown last? Does that mean a slowdown in deals? Is enough capital available for India Inc? How do companies raise capital to roll out their products or expand their businesses so they are ready to take advantage of an upturn? What are the innovative financing and deal making models available in the current environment?

The Hyderabad forum will be attended by managing directors of leading private equity funds, venture capital investors/PE professionals/Entrepreneurs/late stage, growth capital & large companies/investment bankers & advisers/corporate professionals/policy makers/firms seeking capital.


9.00 a.m to 9.40 a.m	Registration

9.50 a.m	Welcome & Introductory Remarks

10 a.m. to 11:30 a.m	Investing In A Perfect Storm - An overview of the financial crisis and its impact on the Indian private equity market - It's no end of road: How to spot opportunities in a challenging environment - How should companies cope with the current investment environment? - Public equity valuations are down, what about private companies? - Time for distressed asset opportunities? Gopal Srinivasan - Chairman, TVS Shriram Growth Fund George Thomas - Partner, India Value Fund Advisors Atul Kapur - Managing Director, Indivision Capital Sudhir Sethi - Chairman & Managing Director, IDG Ventures India Mukund Krishnaswami - Managing Director, Lighthouse Funds Praveen Chakravarty - COO, BNP Paribas India (Chair)

11.30 a.m to 12.00 p.m	Tea & Networking

12.00 p.m to 1:30 p.m	From Infrastructure Providers To Infrastructure Enablers - What justifies the rush of infrastructure-focused funds? - Infra value chain: Where does the private equity interest lie? - What is more attractive – an infrastructure provider or infrastructure enabling company? - The Days Ahead: Trends and opportunities Shailesh Pathak - Senior Director, ICICI Venture Deepak Shahdadpuri - Managing Director, Baer Capital Partners Ravi Adusumalli - General Partner, SAIF Partners K.V. Ramakrishna - Director and Partner, Kotak Private Equity Vishal Sharma - Founder & Managing Director, Tuscan Ventures Abhijit Roy - COO, Totem Infrastructure (Moderator)

1:30 p.m to 2:30 p.m	Lunch & Networking

2:30 p.m to 3:45 p.m	Healthcare - How defensive is healthcare - Hospitals: what play? Affordable, superspeciality or luxury chains - Pharma: Is generics and formulations play making a comeback? - CROs - Is the trickle of offshoring R&D tasks turning into a flood? - Med devices - Is there a generic play in this space? - Retail pharmacy - Is the biz model still evolving? Healthcare track Sarath Naru - Managing Partner, VenturEast Hari Buganna - Managing Director, Evolvence India Life sciences Fund Dr Jasmin Patel - Managing Director, Fidelity International Vikram Hosangady - Executive Director, KPMG India (Chair)

3: 45 p.m to 4: 00 p.m	Tea break

4:00 p.m to 5:00 p.m	Education track Cyrus Driver - Director, Helix Investments Siddharth Dhonidyal - Vice President, India Value Fund Advisors Rajesh Singhal - Managing Partner, Milestone Capital Advisors Pvt Ltd

5:00 p.m to 5:10 p.m	Concluding Remarks George Thomas - Partner, India Value Fund

6 pm to 7.30 pm	Cocktails & Networking

Shailesh Pathak - Senior Director - Investments at ICICI Venture

Prior to joining ICICI Venture in 2007, Shailesh has 21 years of experience in investment banking, infrastructure and governance. He started his career with four years at ICICI's Merchant Banking Division. After a brief stint with HSBC's Merchant Banking Division, Delhi in 1990, he joined public service, and spent 16 years at very senior levels with two State Governments. During his tenure as an IAS officer, Shailesh handled many critical responsibilities, especially in the area of Infrastructure. He was MD of both the State Infrastructure Development Corporation, as well as the State Industrial Development Corporation. He was also Secretary, PWD with a team of 900 engineers, building and maintaining Highways, Bridges and Public Buildings over an area of 135,000 sq km with an annual budget of $200 mn. In 2006, he moved to New Delhi to join IDFC as Head- PPP Initiative. He spearheaded the India Infrastructure Initiative launched in 2006. Shailesh was chosen by Eisenhower Fellowships as one of 15 emerging young Indian leaders, and in Fall 2000, he studied infrastructure and governance issues in USA. He is a member of CII's National Committee on Infrastructure. </p>
<p class="details bluetxt">Shailesh is a graduate from SRCC, Delhi, and an MBA from the IIM Calcutta (1986).

K.V. Ramakrishna - Director and Partner, Kotak Private Equity

Ramakrishna joined the Private Equity practice at Kotak, in November 2004 and brings with him over 15 years of experience, with the last 13 years in Private Equity and Venture Capital. Prior to his current assignment, Ramakrishna was Senior Associate with Carlyle Asia Venture Partners (CAVP), a $330 mn technology focused fund, part of the Carlyle Group.

Prior to Carlyle, Ramakrishna was with ICICI Ventures, the PE & VC arm of the ICICI Group, where he was a key member of the investment team. His investment experience spans sectors ranging from information technology and retailing to services and light engineering. Prior to his career in the Private Equity field, Ramakrishna worked for two years at the Management Services Division of Tata Motors (formerly, TELCO), as Systems Officer.

Ramakrishna adopts a value based investment strategy of controlling risks and aiming for long term growth. He believes strongly in guiding the business and growth strategies of portfolio companies with active board participation.

Ramakrishna is a Computer Science & Engineering graduate from National Institute of Technology, Warangal (1991) and holds a post graduate degree in Management from the IIM Bangalore (1995).

Atul Kapur - Managing Director, Indivision Capital

Currently serving as the Chief Investment Officer (CIO) of Indivision Capital Management, Kapur had been with Goldman Sachs for 12 years and was appointed Managing Director in October, 2000. He was responsible for all Private Equity Investments within the Principal Strategies Group (GS proprietary capital) for Europe and Middle East in addition to the joint responsibility for all private investments in India.
Prior to this, Atul worked for 9 years in the Principal Investment Area of Goldman Sachs in Hong Kong, Singapore and London deploying the GS Capital Partners family of funds.

Prior to that, Kapur worked in corporate development with Pacific Century Group and with STAR TV in Hong Kong before he joined Goldman Sachs in 1994. Kapur is a member of the Institute of Chartered Accountants of India and holds a bachelors degree in commerce from University of Delhi.

Mukund Krishnaswami - Founder and Managing Director, Lighthouse Funds

Krishnaswami is a Founder and Managing Director of Lighthouse Funds. Previously, Krishnaswami was a member of the Private Equity Division of Lehman Brothers in New York, where he was responsible for direct equity investments in both traditional and high growth industries through Lehman Brothers’ $2 billion merchant banking fund.

His experience includes LBO/take-private transactions, recapitalisations, early to mid-stage venture capital investments, private equity and structured transactions. He began his career in the Corporate Finance and Strategy Practice of McKinsey and Company in New York.

He serves on the Board of Directors of Krilacon Group, RCG Management, Zero Technologies, SAI Investments, Mon Cheri Bridals and Global Affiliates. He is also Co-Founder and Senior Editor of The Linneman Letter, a leading macro-economic and investment research publications for global real estate investors. He holds undergraduate degrees summa cum laude in Economics and Computer Science from the University of Pennsylvania, and a Master of Business Administration from the Wharton School.

Gopal Srinivasan - Chairman, TVS Shriram Growth Fund

Gopal is the founder and director of TVS-Electronics, Joint MD of Sundaram-Clayton, and Director of several other TVS Group businesses. Gopal has incubated over eight businesses, and has over 25 years of operational experience in India, along with a wide network of relationships across the world. Gopal is currently board member of several organizations in India, including ICICI Ventures and Milestone Capital. He is also Chairman of the CII (Confederation of Indian Industries), Tamil Nadu State Council for the fiscal year 2007-2008. Gopal earned a B.Com from Loyola College and an MBA from University of Michigan.

Over the course of his career, Gopal has founded several companies operating in diverse sectors including computer peripherals, technology, financial services, and auto components. Companies that Gopal has founded and are currently operational include TVS Finance & Services, Harita Plastics, Harita Seating, TVS-E Technology, TVS-E Servicetec and Harita Techserv. In addition, Gopal has successfully exited several businesses including TVS Whirlpool, TVS Contract Manufacturing, Harita Networks Wireless and TVS e-Banking.

Gopal has done his bachelors’ degree from Loyola College, Chennai and MBA in HR from University of Michigan - Stephen M. Ross School of Business.

Hari Buggana - Managing Director, Evolvence India Lifesciences Fund

Prior to Evolvence India Lifesciences Fund, he spent 6 years at Mckinsey &Company as a Consultant. He has done his MS in Chemical Engineering from Illinois Institute of Technology. Thereafter, he joined as a Research Scientist at Abbott Laboratories in 1993 where he spent 5 years. Then he completed his MBA in 1999 from J.L. Kellogg Graduate School of Management, Northwestern University. At Kellogg's, he was a member of the Beta Gamma Sigma society.

Sateesh Andra - Venture Partner, Draper Fisher Jurvetson

Sateesh focuses on investment activities in India for DFJ. Draper Fisher Jurvetson is the preeminent venture capital firm with global presence through a network of partner funds, with offices in more than 33 cities around the world and over $5.5 billion in capital commitments. Over the past twenty years, DFJ has been proud to back more than 300 companies across many sectors including such industry-changing catalysts as Hotmail (acquired by MSFT), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO). Sateesh's investment experience includes early stage investments in mGinger and MetroMela. He is a board observer for Cleartrip. Prior to DFJ, Sateesh served as President and CEO of Euclid. He also served in marketing and engineering leadership roles at Tsqware (Conexant) and LSI Logic.

Ravi Adusumalli - General Partner, SAIF Partners

Ravi C Adusumalli joined SAIF in early 2002 and is currently a Partner and Head of the India office. Prior to joining SAIF, Mr. Adusumalli was an Associate Partner with Mobius Venture Capital, a $1.25 billion early stage venture capital firm in Silicon Valley. He previously worked at Credit Suisse First Boston and with Wasatch Funds.

Mr. Adusumalli graduated from Cornell University in 1998 with a Bachelors of Arts in Economics and Government. His primary areas of interest include technology enabled consumer services, financial services, and business services.

Mr. Sudhir Sethi - Founder, Chairman & Managing Director of IDG Ventures

Mr Sudhir Sethi is Founder, Chairman & Managing Director of IDG Ventures India, a US$150 Million early-stage technology venture capital fund backed by IDG, the world’s largest IT-focused media company. Sudhir founded IDG Ventures in 2006 after 26 years in the technology and venture industry. IDG Ventures India invests across the country in all areas of technology and technology enabled services.

Prior to joining IDG Ventures India, Sudhir served as a President and Executive Director of Infotech Enterprises, India’s premier design engineering and GIS services leader. Previously, he was a General Partner for Walden International for four years where he was responsible for leading their venture capital operations in India. Sudhir served the IT industry for twelve years as a senior executive at Wipro and five years at HCL, both leading global IT service firms.

In 2001, Sudhir was recognized by Red Herring as one of the leading venture capitalists in the country. He has been named among the Top Ten IT Professional by Dataquest. Sudhir also served on the Investment Committee of UTI Ventures for four years, on Advisory Board of Westbridge Capital (now Sequoia Capital) and on the Board of Advisors at N. S. Raghavan Center for Entrepreneurship, IIM Bangalore. Sudhir was the seed investor in Mindtree Consulting and served on the Board for 4 years. He has also served on the Board of Directors at Infotech Enterprises, Venture Infotek, Jobstreet, Webvision and Webdunia.

Mr Sethi today serves on the Boards of Manthan Systems, ConnectM, 3D Solid Compression, Aujas Networks, iViZ, Perfint, US IVCA (India Venture Capital Association), Emploi Globale Consulting and UTI Ventures Accent Fund. He also serves on the NASSCOM Regional Council (South) and on the NASSCOM Product Initiative.

Sudhir holds B.Tech in Engineering and an MBA Degree from FMS, Delhi.

Deepak Shahdadpuri - Managing Director, Baer Capital Partners

Deepak I. Shahdadpuri is the Co-Founder and Managing Director of Beacon India Advisors. Deepak has over 10 years successful private equity investing and advisory experience in India, UK and the United States with GEM India Advisors (GIA), Reuters Venture Capital, Bain & Company, FS Capital Partners and Ernst & Young.

Formerly, Deepak co-founded and was the Managing Director of GIA and FS Capital Partners. Hi investments in India include Mason & Summers Alcobev and ClearTrip. Investments outside India include Active Health Partners, and Subway Southeast, London’s largest franchisees of Subway Restaurants.

Prior to this, Deepak was a Principal with RVC Europe, a $450M leading early stage VC fund that spun out of Reuters Plc. Deepak held board seats at Investis (London, UK), Corizon (London, UK), Advertising.com (Baltimore, USA), Medsite (New York, USA) and eVector (Bangalore, India). Prior to joining RVC, he was a Senior Consultant with Bain & Company. Before joining Bain & Company, Deepak was a Senior Accountant with Ernst & Young in London, with whom he qualified as a Chartered Accountant. Deepak is the Founder and Chairman of Capco Advisors, who launched the first Indian Modern and Contemporary Art Fund and currently manage Capco II. Deepak is an associate of the Institute of Chartered Accountants in England and Wales and a Charter Member of TiE UK.

Deepak is also on the board of Sula Wines, Saffronart, Bakers Circle, Trek Services, Capco Advisors and Subway Southeast. Deepak is also on the advisory board of Magic Bus India. Deepak has an MBA with distinction from INSEAD, where he won the Andersen Consulting Prize in Strategy and an undergraduate degree in Law from King's College, University of London.

Vishal Sharma - Founder & Managing Director, Tuscan Ventures

Vishal is currently Founder & Managing Director of Tuscan Ventures, an investment company specialising in the logistics, transportation infrastructure and shipping space. Tuscan has closed 3 deals since its inception, with the latest being an investment in one of India's largest third party logistics' firms, LCL Logistix Pvt. Ltd.

Vishal started his career in India in 1994 with A. P. Moller - Maersk, the owner and operator of the world's largest shipping line. Before being appointed Vice-President and Head of Maersk Line business in India in 2006, Vishal worked in various C-level positions across the globe with the Group.

Prior to taking up the assignment in India, he was Director of Group Strategy for AP Moller Maersk's shipping, logistics, ports, oil & gas and banking business in Denmark, prior to which he was Managing Director for Maersk Line and Maersk Logistics in Vietnam.

Vishal has an MBA from the University of Chicago – Graduate School of Business. He holds a Bachelors degree in Commerce and a Masters Degree in Marketing from University of Bombay.

George Thomas - Managing Partner, India Value Fund

George joined IVF Advisors in 2002 to strengthen the "Business Building" function. He has a wide network of connections and an in-depth understanding of business segments and management teams.

In Trinethra, George strengthened operational controls and developed an annual operating plan with suitable management information systems. On acquisition of Music Broadcast, George took direct oversight on operations of Radio City during an initial period of uncertainty. George helped TTK Healthcare Services migrate to a centralized IT enabled delivery platform.

George is a Post-Graduate in History from St Stephen's College, Delhi University with almost 20 years of work experience, prior to joining IVF Advisors. He was Whole-time Director and Chief Operating Officer at BPL Soft Energy Systems Limited. Before this, he spent 2 years as Director - Confectionery on a restructuring assignment with Warner Lambert India. He has also held positions in the Foods business division of Unilever in India and the UK.

Sarath Naru - Managing Partner, VenturEast

Sarath is a Founder and has lead as the Managing Partner of Ventureast across all its funds. Sarath’s approach to venture capital is that of an entrepreneur: with a pioneering privatisation that lead to Ventureast’s first fund, the first life sciences fund in India, first seed stage focused fund, etc. He has invested directly or overseen investments in 50+ deals in growth-early stage, in diverse sectors: technology, biotech, healthcare, consumer goods, infrastructure, etc.

Sarath's passion is to spot early on, companies that are differentiating themselves in rapidly growing markets whether emerging or traditional. For example: he has backed from ground up to leadership a port management services company, India's first fabless semi conductor company, and a Europe-India drug discovery company.

Sarath's USA & India cross- functional experience combined with one of the longer VC investing experiences in India, is behind his ability to work closely with investee companies. Sarath's ability to be enabling is aided by his experience with Procter & Gamble USA in consumer goods brand management and his entrepreneurial experience in opportunistically building a trading business between USA and India in various sectors. His academic qualifications include a B.Tech from IIT Madras, and MBA (Finance) from University of Chicago.

Vikram Hosangady - Executive Director, KPMG India

Vikram specialises in due diligences in healthcare and pharma, industrial manufacturing, construction, real estate and IT sectors. He specialises in identifying potential deal breakers, evaluating the impact of accounting, tax and business issues on valuation models, assisting in negotiating due diligence issues and providing inputs into transaction documents.

Vikram's experience spans a cross-section of our clients, both multinational and leading Indian business houses, on both the buy and sell side on Indian and cross border (inbound as well as outbound) transactions. He has been involved in several data rooms, full access due diligences, carve outs, model reviews and supporting negotiations for various transactions in these sectors for large private equity funds and strategic players. Vikram also has considerable sell side experience and has led vendor due diligence and data room management assignments.

Vikram's private equity clients include Temasek, JP Morgan, Carlyle Group, TPG, Actis, Olympus Capital, Goldman Sachs and ICICI Venture. His corporate clients include: The Apollo group, The Sanmar group, i-Flex, TCS, Covansys, Subhiksha, SameGreaves, Star TV, Omnicom, and Carborandum Universal. His recent healthcare and pharmaceutical experiences are:- assisted Apax partners in its investment in the Apollo hospitals; assisted Blackstone in its investment in Emcure pharmaceuticals; assisted Ranbaxy in its acquisition of Terapia; assisted Shasun Chemicals in its acquisition of 2 chemical plants of the Rhodia group of companies in UK.

Jimmy Mahtani - Head, India Investments, Baring Asia

Mr Jimmy Mahtani heads the India investment team of Baring Private Equity Asia Group, an Asia dedicated investment management firm with US$ 2.5 bn under management. At Baring Asia, Jimmy has led investments in metals (Bhushan Power & Steel), organic textiles (Pratibha Syntex), edible oils (KS Oils), retail financial services (Karvy Stock Broking & Sharekhan), engineering &construction (Rithwik Projects) and real estate services (RSP Design).

Prior to Baring, Jimmy worked with General Atlantic Partners and helped establish their practice in India. Previously he was with the North America investment banking teams at Bear Stearns and Merrill Lynch. Jimmy graduated with honours from Georgetown University.

Dr Jasmin Patel - Managing Director, Fidelity International

Dr. Jasmin Patel is the MD of Fidelity International. He was previously the COO for the Indian pharma business of Novartis for 2 years till 2007. Prior to this, Patel was the Head of Disease Area Strategy and M&A Assessments for 2 years at Novartis global headquarters in Basel. From 2000-2003, Patel held positions of increasing responsibility with the leading management consultancy McKinsey & Co. in New Jersey. His clients were exclusively the world’s leading players in the pharmaceutical, biotech and healthcare industries.

Prior to these managerial experiences, Patel was a scientist in the Pharma and biotech sectors. For 6 years in the 1990’s he was with Chugai Biopharmaceuticals, and Gen-Probe in San Diego. He is a gold medalist in B.Pharm degree from Bombay University, a PhD in Medicinal Chemistry from Duquesne University (US), and an MBA from The Wharton School at the University of Pennsylvania.

Cyrus Driver - Director, Helix Investments

Cyrus Driver joined Helix Investments Advisors Pvt Ltd as a Director in early 2007. Cyrus has many years experience of private equity investing in India. Prior to joining Helix, he worked with J.P. Morgan Partners Advisors in Singapore and Mumbai, during which time he invested across varied sectors including manufacturing, food retail, B2B businesses and IT services. In mid 2004, Cyrus founded Calorie Care, a wellness venture based out of Mumbai city. Cyrus received his Bachelor of Technology at the Indian Institute of Technology and his MBA from the Indian Institute of Management.

Praveen Chakravarty - COO and Head of Research, BNP Paribas India; Founder, Mumbai Angels

Praveen Chakravarty is a co-founder and board member of Mumbai Angels. Professionally, he is the COO & Head of Research at BNP Paribas and is based in Mumbai. Prior to this, Chakravarty was a Founder-Director at Thomas Weisel India.

Chakravarty spent 14 years of his working life in the technology and financial services sectors. Mr. Chakravarty is an active investor in various start-ups and sits on the board of 3 start-ups in India. He is a voracious non-fiction reader, active cricketer, a history buff and is a keen follower of the randomness of the financial markets. Mr. Chakravarty received his MBA from the Wharton School and an undergraduate degree from BITS, Pilani.

Abhijit Roy - COO and Director, Totem Infrastructure

With over 17 years of experience in Consulting, Fund Raising, Marketing & Relationship Management, Roy is the Director – Strategy & Acquisition of the company. Prior to Totem, he was associated with the Indian School of Business as the Director - Resource Development wherein he raised funds of over US$ 25 Million for the school. An MBA Graduate from NMIMS & Alumnus of Kellogg Global Advanced Management Programme, Roy, specializes in building organizations.

Siddharth Dhondiyal - Vice President, India Value Fund Advisors

Siddharth Dhondiyal (33) joined the Fund Management Team of India
Value Fund Advisors in February 2006. Till date, Mr Dhondiyal has
assisted in the underwriting of 3 investments and in one roll up
acquisition completed by portfolio companies.

Mr Dhondiyal has worked on investments in the electronics
manufacturing, healthcare and infrastructure services industries. He
has also led efforts in developing the Manager's viewpoint in the
healthcare and education sectors, and in evaluating investment
opportunities in these sectors. Dhondiyal has contributed
significantly to the Manager's efforts to improve its internal
processes and has worked on developing the proprietary "IVF Investment
Process Manual and in the development of "The IVF Way" - the IVF
approach to building admired businesses.

Prior to joining India Value Fund Advisors, Mr Dhondiyal has worked
for 6 years with Accenture in their strategy consulting practice. At
Accenture, he was a Manager in the Products Industry practice and has
consulted with companies in the Pharmaceutical, Consumer Goods,
Industrial products and Telecom industries. He has had significant
experience in advising Indian companies on their growth strategies,
international expansions and alliances, with on-the-ground experience
in Mexico, Brazil, Russia and South East Asia.

Mr Dhondiyal holds a Bachelor's Degree in Mechanical Engineering from
the Indian Institute of Technology, Kanpur, a Post Graduate Diploma in
Management from the Indian Institute of Management, Kolkata and a
Masters Degree in Business Administration from INSEAD, France.

Rajesh Singhal - Managing Partner, Private Equity – Milestone Group

Rajesh Singhal, with more than 13 years of experience in the PE/VC
industry and project finance & corporate finance, joined Milestone in
May this year. Prior to this, he was an Associate Director with Intel
Capital, where in his stint of 8 years he made investments like NIIT
(5.5x returns), R Systems (exited) and Persistent Systems. His exited
investments include India Infoline (7x), Subex Systems (5x), Nipuna
(BPO) Services (3.5x) and Accel Frontline.

While his other investments are Tejas Networks, Maya Entertainment,
Mauj telecom, FINO, Microland, he has also facilitated M&A exits for
investments in Sharekhan, Indus Software, Future Soft, Deccanet, Elind
& Indra. Singhal has done his B.Tech. from IIT Bombay and earned his
MBA from IIM Lucknow in 1995. He joined ICICI thereafter, and worked
there for 5 years in project/corporate finance & distress debt
restructuring and was an Assistant Vice President before leaving for
Intel Capital.

CO-PARTNERS

TVS Capital Funds Limited was founded in September 2007, by Gopal Srinivasan of TVS Group, who brings over twenty five years of entrepreneurial and operational experience. TVS Capital Funds Limited builds an institution that supports entrepreneurs with management expertise and capital through the life cycle of their business. A broad, diversified Board of Directors help implement global governance standards. Their Board of Directors and investment team have a strong track record of operating, investing and investment banking experience in India, USA, Europe, China and Taiwan. TVS Capital Funds Limited mobilizes capital from domestic and offshore investors and manages such funds.

ASSOCIATE SPONSORS

o3 Capital is a knowledge-oriented investment bank that offers a gamut of advisory solutions to the mid-market segment, with focus on cross border transactions. The firm comprises of a seasoned team of investment banking and industry professionals with domain expertise across leading sectors. o3 Capital has offices in Bangalore, New York and Mumbai.

o3 Capital brings strong knowledge of different financial products in the market and has an in-depth understanding of various capital syndication alternatives (private equity, convertible instruments, debt, AIM listings). The firm’s operations include equity broking to high net-worth individuals and corporates. Sector research is also another focus area of operations and it has developed dedicated industry groups for key performing sectors. As a result of its knowledge competence, combined with a complete range of investment banking services, o3 Capital today is one of the leading mergers and acquisitions advisory firms in India, serving the middle market exclusively. Also, o3 Capital is the only fir

o3 Capital’s operations began with highly personalized and independent advisory services in leading sectors such as Information Technology, Healthcare, Real Estate and Consumer Products. It has now expanded its operations to include Infrastructure, Energy and Media as its new focus areas of operation.

The firm has successfully closed 17 transactions since inception in January 2007 and is the first in India to close transactions worth over USD One Billion within the first eighteen months of its incorporation. o3 Capital has a well-established network with leading market players across the world – be it private equity funds, hedge funds, mid cap funds, stock exchanges, investment banks or legal, SMEs and accounting firms. It has successfully executed numerous cross-border transactions throughout the firm's history with over 75 per cent of their deals having fallen within this segment.

ASSOCIATE SPONSORS

Mint, a business paper from Hindustan Times in collaboration with The Wall Street Journal was launched in Delhi &Mumbai on 1st feb 2007. Available 6 days a week in Delhi, Mumbai, Bangalore, Chandigarh &Pune Mint gives you clear, relevant & well-analyzed Indian as well as international business news. Mint has made rapid strides since its launch. Over the last year, Mint has endeavored to deliver 'Clarity in Business News' - a need clearly articulated by discerning business news readers in India.

Mint is a differentiated product offering, not just in terms of editorial content but also in design &format. Mint’s journalists have been rewarded by peers globally with awards such as the CNN Young Journalist Award; however a larger reward is the impact that Mint has started making on government policy already. The association with WSJ enables us to tap into the global news resources of WSJ to bring out international news relevant to Indian consumers and business. No wonder that a majority of Mint readers are decision makers in business and policy.

While the brand started its journey in the 2 formats of a newspaper and the website Livemint.com, it has since added two more platforms with event under the "Clarity through Debate"seminar series and Livemint.com on mobile.seminar series and Livemint.com on mobile.

SUPPORTING PARTNERS

Evolvence India Life Sciences Fund is a Mauritius-based Private Equity fund established to provide growth capital to companies operating in the Indian healthcare sector.EILSF invests in small to mid-sized pharmaceutical, biopharmaceutical, medical device, contract R&D, and healthcare services companies which are either located in India or which derive significant competitive advantage from operations located in India. Examples of investments include providing capital for capacity expansion, development of generic versions of drugs facing patent expiry, domestic and international acquisitions, and for up-grading existing infrastructure to emerge as ‘partner of choice’ for contract R&D and manufacturing activities.</p><p class="bluetxt2 details">Companies in EILSF’s portfolio include Health Care Global – India’s leading network of cancer care centers and Gland Pharma – a market leader in generic injectable drugs..

PRESENTING SPONSOR

India Value Fund Advisors (IVFA), formerly GW Capital was established in 2000 and is one of the most experienced private equity fund managers in India. IVFA is currently on its third fund and manages ~$600 million in capital across its three funds. India Value Fund Advisors (IVFA) is a premier private equity fund focused on mid-size companies in India. IVFA provides capital and management support to its portfolio companies to build high growth and enduring businesses, which are admired by all stakeholders.

The IVFA investment strategy is to buyout or acquire majority / significant minority stakes in high growth mid-size companies in India. IVFA creates value in its portfolio companies by prudently investing capital for growth and providing significant management support to build endu ring businesses that are universally admired.

An in-house business management team supports IVFA’s unique value creation approach of partnering with portfolio companies to ‘invest & build’ great businesses. The business management team provides deep management & operating experience, access to best-in-class processes & systems and a network of service providers to portfolio companies to enable their growth. IVFA’s framework for engaging with portfolio companies is based on building resilient partnerships with management teams based on mutual respect, integrity, and transparency. IVFA investments include a diverse range of industries such as healthcare, retailing, outsourced services, media & entertainment and manufacturing.

ASSOCIATE SPONSORS

RCS Advisors is a leading strategy and investment advisory firm that provides a wide range of services to clients in India and abroad that includes corporations, financial institutions, governments and high-net-worth individuals. The firm specializes in cross-border & domestic mergers & acquisitions, private equity and

market entry advisory. RCS Advisors has a presence in Pune, Bangalore and New Delhi in India, with partner offices in Shanghai and Tianjin in China, New York and Detroit in North America, Munich and Stockholm

TECHINIVIST PARTNER

IDG Ventures India is a US$150 Million venture capital fund focused on investing in early stage, technology and technology enabled companies. The sectors of interest to IDG Ventures India include software products and IT/IT Enabled Services, engineering design and electronics, digital consumers covering internet and mobile VAS, telecom products and semi-conductors and emerging sectors like clean-tech and healthcare.

Given IDG Venture's 10 offices across the United States and Asia, we are particularly well-suited to help companies in India expand into the large US and China markets. IDG Ventures India focuses primarily on funding companies based in India.

IDG Venture India’s differentiated value add is the ability to harness the power of the IDG Platform, the US and Asia network of IDG Ventures and the collective operating and investing experience of the India Team to support entrepreneurs in building category-leading companies on a global basis.

ONLINE MEDIA PARTNER

Internet Securities, Inc. (trading as ISI Emerging Markets), was founded in 1994 and acquired by Euromoney Institutional Investor PLC in 1999. It delivers hard-to-get information on more than 80 emerging markets through its award-winning online Emerging Markets Information Service. It aggregates and produces unique content including full-text news articles, financial statements, company information, industry analyses, equity quotes, macroeconomic statistics, and market-specific information, which are derived directly from more than 16,000 local and global publications.

ISI Emerging Markets subscribers include top investment banks, corporations, law firms, consultants, investment and insurance companies, universities and libraries, multilateral organizations, and others.

In addition to worldwide headquarters in New York and European headquarters in London, clients are served through 29 offices in Asia, Africa, Europe and Latin America.

LEGAL PARTNER

Sand Hill Counsel is a law firm with offices in Mumbai and Silicon Valley. The firm focuses on venture capital and private equity transactions and has extensive experience in representing venture capital and private equity funds in fund formations and venture capital and private equity financings in addition to representing emerging and public companies in venture capital and private equity financings, mergers and acquisitions and public offerings. The firm is headed by Shantanu Surpure who has a special focus on cross-border India-US transactions and has previously practiced law with large US law firms in Silicon Valley.

INDUSTRY PARTNER

The Indus Entrepreneurs (TiE) is a global not-for-profit organization focused on promoting entrepreneurship. TiE helps budding entrepreneurs through advice, guidance and assistance from successful &experienced entrepreneurs and professionals. They have a network spread through 42 cities in 9 countries that consist of many participants in the entrepreneurial ecosystem – successful &experienced as well as budding entrepreneurs, venture capital firms, angel investors, service providers, etc.

The membership structure of TiE includes Charter Members, who are invited based on their accomplishments and willingness to help the next generation of entrepreneurs. The general or associate membership of TiE is open to anyone who pays nominal dues and can thus access the various activities and services that help them become better informed and better connected entrepreneurs. Charter members benefit and derive satisfaction by helping budding entrepreneurs.

CO-PRESENTERS

UTI Ventures is a leading Indian private equity firm. Focused on growth capital, they propel the ambitions of passionate Indian entrepreneurs, while unlocking superior returns for their investors. Their demonstrated track record of successful investments, led by an experienced management team, positions their funds among top performers in India.

Their influential and proprietary network of corporates, business leaders and capital market participants provides them access to quality deals and enables them to conclude investments in a highly competitive environment. It also facilitates successful liquidity events for their portfolio companies. Theirs is a proactive team with unmatched local insight. With over 75 years of collective experience in Indian capital markets, the skill sets of each team member are both diverse and complimentary. Their knowledge of domestic regulatory frameworks and cultural sensitivities gives them a distinctive edge among private equity firms in India.

UTI Ventures follows an entrepreneur-centric investment approach. They actively seek out promising Indian companies driven by visionary leadership. Their constant endeavour is to complement the strengths of the teams they back. Placing complete confidence in the ability of their partner entrepreneurs to build and manage their companies, they play an active role in scaling the enterprise.