Mint India Investment Summit 2019

(From left) JSW Venture managing partner Gaurav Sachdeva, Sequoia Capital managing director Mohit Bhatnagar, 3One4 Capital founding partner and chief investment officer Pranav Pai, Equanimity Investment managing partner Rajesh Sehgal and Stellaris Venture Partners co-founder and partner Ritesh Banglani.
(From left) JSW Venture managing partner Gaurav Sachdeva, Sequoia Capital managing director Mohit Bhatnagar, 3One4 Capital founding partner and chief investment officer Pranav Pai, Equanimity Investment managing partner Rajesh Sehgal and Stellaris Venture Partners co-founder and partner Ritesh Banglani.

Right product, team and market vital for building scalable startups

  • The Insolvency and Bankruptcy Code has changed how promoters look at their liabilities, say analysts
  • One has to also evaluate the sustainability of the business model to achieve that scale, while one is looking for scalable businesses

(From left), Trilegal’s Ameya Khandge, IARC’s Anurag Das, Mint’s Deborshi Chaki, SBI stressed assets management group’s J.K. Shivan, Kroll‘s Omer Erginsoy, Eight Capital‘s Ravi Chachra, and Edelweiss ARC‘s RK Bansal.
(From left), Trilegal’s Ameya Khandge, IARC’s Anurag Das, Mint’s Deborshi Chaki, SBI stressed assets management group’s J.K. Shivan, Kroll‘s Omer Erginsoy, Eight Capital‘s Ravi Chachra, and Edelweiss ARC‘s RK Bansal.

Liquidation cases may rise as resolution plans fall short on valuations

  • Liquidation numbers are on the higher side owing to legacy issues, say bankers
  • More liquidations will happen because resolution professionals are not great, they say

(From left) Edelweiss Financial Services chairman and chief executive officer Rashesh Shah; KPMG India chairman and CEO Arun Kumar; Axis Bank senior vice-president and chief economist Saugata Bhattacharya, and JSW Steel joint managing director & group CFO Seshagiri Rao during the Mint India Investment Summit 2019.
(From left) Edelweiss Financial Services chairman and chief executive officer Rashesh Shah; KPMG India chairman and CEO Arun Kumar; Axis Bank senior vice-president and chief economist Saugata Bhattacharya, and JSW Steel joint managing director & group CFO Seshagiri Rao during the Mint India Investment Summit 2019.

More reforms seen boosting private investments

  • There’s more room for big reforms in corporate governance, banking sector and credit markets, say participants at the Mint India Investment Summit
  • India also needs to look at the role of group governance, where we need audit committees at the group level

(From left) KPMG India partner and COO-advisory Bhavik Damodar; Macquarie managing director Deep Gupta; Everstone Capital managing partner Dhanpal Jhaveri, Trilegal partner Harsh Pais, Global Infrastructure Partners managing partner & co-head india M.K. Sinha, Actis partner-energy Sanjiv Aggarwal and NIIF MD and CEO Sujoy Bose.
(From left) KPMG India partner and COO-advisory Bhavik Damodar; Macquarie managing director Deep Gupta; Everstone Capital managing partner Dhanpal Jhaveri, Trilegal partner Harsh Pais, Global Infrastructure Partners managing partner & co-head india M.K. Sinha, Actis partner-energy Sanjiv Aggarwal and NIIF MD and CEO Sujoy Bose.

Investors see opportunities in stressed assets, roads, renewables

  • Infrastructure investors see the next major opportunity in stressed asset space
  • Infra sector has come a long way in the last decade in terms of deployment of capital and technology

Krishnan Chatterjee, CCO and head of marketing, SAP Indian subcontinent.
(From left) Rothschild MD and head of India Chandresh Ruparel; Reliance Industries M&A head Navin Wadhwani; Bain Capital MD Sammonoi Banerjee; MUFG Bank MD and head of global corporate banking India Shashank Joshi; Trilegal partner Sridhar Gorthi; Aditya Birla Group CFO Sushil Agarwal and KPMG India partner & head of advisory practice Vikram Hosangady during a panel discussion at Mint India Investment Summit 2019.
(From left) Rothschild MD and head of India Chandresh Ruparel; Reliance Industries M&A head Navin Wadhwani; Bain Capital MD Sammonoi Banerjee; MUFG Bank MD and head of global corporate banking India Shashank Joshi; Trilegal partner Sridhar Gorthi; Aditya Birla Group CFO Sushil Agarwal and KPMG India partner & head of advisory practice Vikram Hosangady during a panel discussion at Mint India Investment Summit 2019.

Blockbuster 2018 whets India Inc.’s appetite for acquisitions

  • Experts believe availability of capital as a result of implementing IBC will drive deal activity
  • The number of announced deals has grown 17.2% from a year ago with 2018 witnessing five deals above $5 bn

(From left) SAP India senior director (private equity engagement program) Aditya Narayan Das, TPG Growth principal Ankur Thadani, Faering Capital co-founder and MD Aditya Parekh, ICICI Venture director Gagandeep S Chhina, partner and leader-private equity, at KPMG in India, Nitish Poddar, TriLegal partner Nishant Parikh and Bain Capital MD Pavninder Singh.
(From left) SAP India senior director (private equity engagement program) Aditya Narayan Das, TPG Growth principal Ankur Thadani, Faering Capital co-founder and MD Aditya Parekh, ICICI Venture director Gagandeep S Chhina, partner and leader-private equity, at KPMG in India, Nitish Poddar, TriLegal partner Nishant Parikh and Bain Capital MD Pavninder Singh.

Management alignment, exit focus key to minority investing success

  • PE investors said that it was important to focus on the exit options right from the beginning and having a strong focus on execution
  • Industry experts feel minority investors dwell deeper into diligence than those acquiring control, which is contrary to popular belief

 (Photo: Ramesh Pathania/Mint)
(From left) Trilegal partner Aniruddha Sen; AION Capital managing director and senior partner Kalpesh Kikani; KPMG India partner and head special situations group Manish Agarwal; Standard Chartered Bank managing director Mrigendra Verma; India Resurgence Fund managing director Shantanu Nalavadi; Kotak Investment Advisors managing director Srini Sriniwasan and SBI Capital Market senior vice-president Vishal Gupta.
(From left) Trilegal partner Aniruddha Sen; AION Capital managing director and senior partner Kalpesh Kikani; KPMG India partner and head special situations group Manish Agarwal; Standard Chartered Bank managing director Mrigendra Verma; India Resurgence Fund managing director Shantanu Nalavadi; Kotak Investment Advisors managing director Srini Sriniwasan and SBI Capital Market senior vice-president Vishal Gupta.

Initial euphoria over IBC is over, say experts

  • A year ago, there was much more excitement in the marketplace
  • Banks are working towards recovering the maximum from their assets through the IBC process

Nimesh Kampani, chairman of JM Financial Group.
Amit Dixit, senior managing director and head of Indian private equity at Blackstone Group, the world’s largest manager of alternative assets. (Abhijit Bhatlekar/Mint)
Amit Dixit, senior managing director and head of Indian private equity at Blackstone Group, the world’s largest manager of alternative assets. (Abhijit Bhatlekar/Mint)

Volatility will create more PE funding opportunity: Blackstone's Amit Dixit

  • The market turmoil presents a good long-term opportunity, says Blackstone India head Amit Dixit
  • Private equity firms are increasingly playing role of consolidating industries in M&A deals

(From left) Mint consulting editor Rajrishi Singhal, Warburg Pincus MD Vishal Mahadevia, Kedaara Capital managing partner Manish Kejriwal, TriLegal partner Nishant Parikh, Aion India Investment Advisors senior partner and MD Parth Gandhi, Chrys Capital partner Sanjay Kukreja, Apax Partners partner Shashank Singh, Kroll MD and head (South Asia) Tarun Bhatia, and True North managing partner Vishal Nevatia, at the Mint India Investment Summit 2019 in Mumbai on Thursday. (Mint)
(From left) Mint consulting editor Rajrishi Singhal, Warburg Pincus MD Vishal Mahadevia, Kedaara Capital managing partner Manish Kejriwal, TriLegal partner Nishant Parikh, Aion India Investment Advisors senior partner and MD Parth Gandhi, Chrys Capital partner Sanjay Kukreja, Apax Partners partner Shashank Singh, Kroll MD and head (South Asia) Tarun Bhatia, and True North managing partner Vishal Nevatia, at the Mint India Investment Summit 2019 in Mumbai on Thursday. (Mint)

Private equity investors look to allot more funds for buyout deals

  • Promoters becoming more comfortable in selling biz, say investors at Mint India Investment Summit
  • India’s private equity market, which was largely led by minority investments, has seen majority deals grow to contribute around a quarter of all PE deals last year