While India presents itself as one of the most compelling global manufacturing and market destination, it requires careful planning, risk assessment and cost-benefit analysis before launching operations. This report presents the top five mistakes commonly made by US Companies as they establish operations or expand in India:
Lack of Planning to manage risks and out-of-control events
Choosing Partners who do not have enough at stake
Due Diligence not focused on hidden skeleton
Advisors without enough US and India experience
Lack of long-term Commitment to India
The report discusses three real life case studies of IVG\'s customers that illustrates key lessons learned while navigating the Indian landscape. These case studies are:
Water Filtration Equipment Company assessing India\'s market potential
Auto Component Manufacturer setting manufacturing plant in India
Retailer of Lifestyle Products selling in India
Other important considerations discussed in this report include legal, recruitment, retention, negotiations, and performance monitoring.
The document provides an overview of Daniel Behrendt's expertise in acquisitions due diligence. It discusses (1) the end-to-end acquisition process and roles of key teams, (2) an overview of due diligence including goals, best practices, and timing across initial engagement, preliminary, and confirmatory due diligence stages, and (3) examples of written questions to facilitate the exchange of information with acquisition targets during due diligence. The focus is on efficiently and effectively validating value drivers, identifying risks, and planning risk mitigation through the due diligence process.
These slides were presented during the webinar on "Managing Partnerships in Microinsurance" conducted by the Facility on 1 March 2012. The webinar highlighted the stages of partnership, key points and strategies that can be used per stage, success factors and pitfalls, as well as real cases in partnership management.
Partnership Risk Management Sample Slides from MasterclassAlexander Larsen
A sample of my slides from my Masterclass I held in Dubai a few years ago covering the topic of Partnership Risk Management. Slideshare doesn't allow animations so some slides may look odd.
How to Buy a Small Private Business (key steps). This presentation was given to a number of high level execs considering putting in their own money to acquire a business.
Riskpro is an Indian risk management advisory and consulting firm with offices in multiple major cities. It offers a wide range of governance, risk, and compliance (GRC) services to mid-large sized corporate and financial institutions. Riskpro's team has over 200 years of cumulative experience in risk management consulting and internal audits. It provides quality advisory services at competitive rates using a hybrid delivery model combining client staff and its own experts.
Riskpro is an Indian risk management advisory and consulting firm with offices in multiple major cities. It offers a wide range of governance, risk, and compliance (GRC) services to mid-large sized corporate and financial institutions. Riskpro's team has over 200 years of cumulative experience in risk management consulting and internal audits. It provides quality advisory services at competitive rates using a hybrid delivery model combining client staff and its own experts.
TIA provides commercial due diligence and strategic business development services to US clients globally using a federated business model with 40 international partners. It has competitive advantages of experienced personnel, integrity in solely serving clients' interests, and a record of success. Capabilities include risk management, strategic planning, due diligence, market analysis, and supporting services.
According to results of Callan Associates’ 2013 Risk Management Survey, more than half of fund sponsors (55%) say their risk management tools are effective at mitigating investment risk, but 14% see them as simply a means to improve risk identification and monitoring. One-third of respondents indicated they do not know yet the effectiveness of their risk management tools because they are new and untested in a true market crisis.
The survey found formal risk management processes are most prevalent at large funds. Half of the medium and small funds have adopted a risk management process or are doing so in 2013. Forty-two percent of respondents employ proprietary and/or third-party risk measurement tools, such as software or data services. Usage of third-party tools is most prevalent at public funds, while endowments and foundations more often use in-house (proprietary) tools.
Corporate and public funds are embracing policy-level approaches to risk management more so than endowments and foundations. Public funds have implemented economic regime asset allocations, risk parity, and risk factor-based asset allocations, while corporate funds favor liability-driven investing and funded status-based glide path de-risking.
Strategy-level approaches to mitigate risk are easier to implement than those that alter the fund’s overall investment policy, and Callan observed higher levels of adoption of strategy changes across fund types. Public funds and foundations and endowments are most heavily implementing or considering real assets, opportunistic fixed income, absolute return and long/short equity. Corporate funds are also embracing absolute return, but long duration is the most favored strategy-level approach used to address risk.
Many fund sponsors wrestle with whether or not to tactically manage plan risk. Only 30% of sponsors have made rebalancing decisions based on risk management findings. Of those that have not done so, 82% do not plan to in the future.Public (31%) and large (25%) funds are the most likely to use tactical implementations going forward.
According to the survey, most funds (94%) do not have a formal risk budget, but explicitly address risk management in their plan governance via asset allocation, investment objectives and disciplined rebalancing.
The investment committee is the body most regularly tasked with deciding when to take action based on the findings of risk management tools. The most common actions taken were asset allocation changes (64% of respondents), manager due diligence/search (56%) and increased manager monitoring (52%). Twenty percent of respondents had not yet taken any actions based on risk management findings.
The survey was conducted in November 2012 and includes responses from 53 fund sponsors representing $576 billion in assets.
The document provides an overview of Daniel Behrendt's expertise in acquisitions due diligence. It discusses (1) the end-to-end acquisition process and roles of key teams, (2) an overview of due diligence including goals, best practices, and timing across initial engagement, preliminary, and confirmatory due diligence stages, and (3) examples of written questions to facilitate the exchange of information with acquisition targets during due diligence. The focus is on efficiently and effectively validating value drivers, identifying risks, and planning risk mitigation through the due diligence process.
These slides were presented during the webinar on "Managing Partnerships in Microinsurance" conducted by the Facility on 1 March 2012. The webinar highlighted the stages of partnership, key points and strategies that can be used per stage, success factors and pitfalls, as well as real cases in partnership management.
Partnership Risk Management Sample Slides from MasterclassAlexander Larsen
A sample of my slides from my Masterclass I held in Dubai a few years ago covering the topic of Partnership Risk Management. Slideshare doesn't allow animations so some slides may look odd.
How to Buy a Small Private Business (key steps). This presentation was given to a number of high level execs considering putting in their own money to acquire a business.
Riskpro is an Indian risk management advisory and consulting firm with offices in multiple major cities. It offers a wide range of governance, risk, and compliance (GRC) services to mid-large sized corporate and financial institutions. Riskpro's team has over 200 years of cumulative experience in risk management consulting and internal audits. It provides quality advisory services at competitive rates using a hybrid delivery model combining client staff and its own experts.
Riskpro is an Indian risk management advisory and consulting firm with offices in multiple major cities. It offers a wide range of governance, risk, and compliance (GRC) services to mid-large sized corporate and financial institutions. Riskpro's team has over 200 years of cumulative experience in risk management consulting and internal audits. It provides quality advisory services at competitive rates using a hybrid delivery model combining client staff and its own experts.
TIA provides commercial due diligence and strategic business development services to US clients globally using a federated business model with 40 international partners. It has competitive advantages of experienced personnel, integrity in solely serving clients' interests, and a record of success. Capabilities include risk management, strategic planning, due diligence, market analysis, and supporting services.
According to results of Callan Associates’ 2013 Risk Management Survey, more than half of fund sponsors (55%) say their risk management tools are effective at mitigating investment risk, but 14% see them as simply a means to improve risk identification and monitoring. One-third of respondents indicated they do not know yet the effectiveness of their risk management tools because they are new and untested in a true market crisis.
The survey found formal risk management processes are most prevalent at large funds. Half of the medium and small funds have adopted a risk management process or are doing so in 2013. Forty-two percent of respondents employ proprietary and/or third-party risk measurement tools, such as software or data services. Usage of third-party tools is most prevalent at public funds, while endowments and foundations more often use in-house (proprietary) tools.
Corporate and public funds are embracing policy-level approaches to risk management more so than endowments and foundations. Public funds have implemented economic regime asset allocations, risk parity, and risk factor-based asset allocations, while corporate funds favor liability-driven investing and funded status-based glide path de-risking.
Strategy-level approaches to mitigate risk are easier to implement than those that alter the fund’s overall investment policy, and Callan observed higher levels of adoption of strategy changes across fund types. Public funds and foundations and endowments are most heavily implementing or considering real assets, opportunistic fixed income, absolute return and long/short equity. Corporate funds are also embracing absolute return, but long duration is the most favored strategy-level approach used to address risk.
Many fund sponsors wrestle with whether or not to tactically manage plan risk. Only 30% of sponsors have made rebalancing decisions based on risk management findings. Of those that have not done so, 82% do not plan to in the future.Public (31%) and large (25%) funds are the most likely to use tactical implementations going forward.
According to the survey, most funds (94%) do not have a formal risk budget, but explicitly address risk management in their plan governance via asset allocation, investment objectives and disciplined rebalancing.
The investment committee is the body most regularly tasked with deciding when to take action based on the findings of risk management tools. The most common actions taken were asset allocation changes (64% of respondents), manager due diligence/search (56%) and increased manager monitoring (52%). Twenty percent of respondents had not yet taken any actions based on risk management findings.
The survey was conducted in November 2012 and includes responses from 53 fund sponsors representing $576 billion in assets.
Doing More with Less - It's not just a mantra, it's a necessityKeyedIn Projects
The document discusses optimizing resource performance in modern project environments. It notes that traditional resource measurement and management no longer work due to changing business needs and team structures. The presentation outlines several key steps to optimize performance:
1) Identify anomalies and variances in performance data to understand the root causes, separating symptoms from underlying issues.
2) Create the right environment by defining modern expectations, gaining stakeholder buy-in, and evolving standards over time as needs change.
3) Drive improvement through establishing performance targets, understanding baselines, and executing plans to bridge gaps in a collaborative way involving leadership, project managers, teams, and individuals.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies in India. It has offices in major cities like Delhi, Mumbai, and Bangalore. Riskpro helps foreign companies enter and establish operations in India through services like feasibility studies, regulatory compliance advice, and developing entry strategies. It assists with evaluating options for corporate structure, financing, and implementing plans to successfully set up and grow businesses in India.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies in India. It has offices in Delhi, Mumbai, and Bangalore, and alliances in other cities, managed by experienced professionals. Its services include feasibility studies, regulatory compliance, taxation advice, and strategy for foreign companies entering and expanding in India. It assists with market research, competitive analysis, legal entity setup, and risk assessment to help clients successfully establish operations.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies and financial institutions in India. It has offices in major cities like Delhi, Mumbai, and Bangalore. Riskpro aims to be the preferred provider of governance, risk, and compliance solutions through its hybrid delivery model and ability to take on large, complex projects. It offers quality advisory services at competitive prices compared to large consulting firms. Riskpro focuses exclusively on risk management and has over 200 years of cumulative experience across its multi-skilled team.
This document provides an agenda and objectives for an upcoming webinar on integrated reporting. The webinar will feature a panel of experts who will share practices and trends in integrated reporting, deliver insights and best practices, and provide information on getting involved in integrated reporting standards evolution. The panelists will represent organizations like the International Integrated Reporting Council, SASB, and companies currently implementing integrated reporting.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies in India. It has offices in major cities and alliances in other cities, managed by experienced professionals. It offers quality advisory services at affordable rates compared to large firms. Riskpro's services include feasibility studies, risk assessments, regulatory compliance support, taxation advice, and developing entry strategies and corporate structures for foreign companies entering the Indian market. It helps clients mitigate risks and smoothly establish operations in India.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies in India. It has offices in major cities and alliances in other cities, managed by experienced professionals. It offers quality advisory services at affordable rates compared to large firms. Riskpro's services include feasibility studies, entry strategy consulting, corporate structure design, regulatory compliance, taxation advice, and risk mitigation for foreign companies entering the Indian market. It helps clients develop a roadmap for smooth market entry and long-term business operations in India.
Venture capital provides long-term funding for growing companies in exchange for equity. Venture capitalists seek high-growth companies led by experienced management teams. To attract venture capital, a business plan must demonstrate a large market opportunity, competitive advantage, strong financial projections, and validation. Raising venture capital is a selective process that can take several months and requires understanding the investors' evaluation criteria.
Verfication Pvt. Ltd. is a private company that provides various background screening services such as criminal records, civil records, financial records, tenant history, and employment/education verifications. The company's board of directors consists of 7 members and its mission is to provide accurate pre-employment and business screening information. The company aims to mitigate business risks and increase efficiencies for its customers which include financial institutions, IT companies, and manufacturing/logistics companies. Verification Pvt. Ltd. sees opportunities in the growing background screening market and plans to use differentiation and cost leadership strategies to target this market.
Cesse 2012 Management Institute Nikki Walker - Bringing It All TogetherPeter Turner
The document provides strategies for organizations to successfully grow globally. It outlines 5 strategic priorities: 1) business strategy and risk assessment, 2) finding right partners, 3) defining customer needs and product relevance, 4) selecting the right business or operational model, and 5) choosing the right markets. It then discusses managing risks in global expansion, including tangible risks related to markets, operations, and strategy, as well as intangible risks related to vision, culture, and processes. The document concludes by outlining actions an organization can take to foster a global mindset.
This document discusses various sources of entrepreneurial finance including debt finance from state finance corporations, NBFCs, and banks. It describes the process of securing debt finance such as developing a business plan and presenting the proposal. It also discusses venture capital characteristics such as financing new companies, equity participation, and adding value through active involvement. Finally, it lists some sectors that are favored by venture capitalists such as IT, software, wireless, and biotechnology.
The document summarizes an investment fund called Bridgepoint Greenfield Development Fund I LP. The fund will invest in early stage greenfield energy and infrastructure projects, with a focus on power generation and social infrastructure. It will seek investments from accredited investors and plans to invest in a minimum of 5 projects. The investment strategy is to take equity positions in projects with government backed offtake agreements to ensure revenue. The goal is to realize attractive exits for investments within 1-3 years.
This presentation discusses strategic management concepts for companies. It covers topics such as a CEO's strategic options, phases of company growth, market segmentation, Porter's five forces analysis, SWOT analysis, and strategic options for market expansion, portfolio expansion, innovation, finance, IT, and human resources. Key elements of strategy formulation like vision, mission, analysis, segmentation, and SWOT are also presented.
Real estate risk advisory brochure 2013Nidhi Gupta
Riskpro India is a specialized Risk Management Consulting firm providing risk management advisory, risk trainings, internal audits, forensic accounting, investigations, fraud prevention, process reviews services etc.
Real estate services involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments. Management and evaluation of risk is a major part of any successful real estate investment strategy where risk occurs in many different ways at every stage of the investment process from sale, purchase, tenancy to market and environmental conditions where one needs a prudent approach for mitigating potential risks in this business for investors, buyers, sellers and vendors.
Basis above backdrop we’re pleased to launch our comprehensive Real estate Risk advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.”
Riskpro is an organization providing risk management consulting services across India through offices in major cities. It is managed by experienced professionals with over 200 years of cumulative experience. Riskpro aims to provide integrated risk management solutions to mid-large sized companies and financial institutions. It offers quality advisory services at affordable rates compared to large consulting firms. Riskpro's main focus and differentiators include risk management expertise, hybrid delivery model, and commitment to client service.
Real estate risk advisory brochure 2013Nidhi Gupta
Riskpro is an organization of risk management consulting firms in India with over 200 years of cumulative experience. It provides integrated risk management services to mid-large corporations and financial institutions. Riskpro aims to be the preferred provider of governance, risk, and compliance solutions. It offers quality advisory services at affordable rates compared to large consulting firms. Riskpro has expertise in areas such as credit risk, market risk, operational risk, IT risk, and regulatory compliance.
The document summarizes a company called IPS Group that provides consulting services to help businesses capitalize on opportunities in the disability market. It notes that (1) disability is a large untapped market segment of 1.1 billion people, (2) IPS offers intelligence, strategic planning, targeted programming, and valuation/measurement services to integrate disability initiatives into companies' strategies, and (3) IPS' process helps companies identify opportunities, define strategies, deliver solutions, and measure their progress in including people with disabilities.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies and financial institutions in India. It has offices in Mumbai, Delhi, and Bangalore and alliances in other cities, and is managed by experienced professionals. Riskpro's services include business risk consulting, strategic roadmap development, regulatory compliance, taxation advisory, and operational growth support after business setup. The company aims to be the preferred risk management service provider in India through a focus on risk management and a hybrid delivery model.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies and financial institutions in India. It has offices in Mumbai, Delhi, and Bangalore and alliances in other cities, managed by experienced professionals. Riskpro's services include business risk consulting, strategic roadmap development, regulatory compliance, taxation advisory, and operational growth support after business setup. The company aims to be the preferred risk management service provider in India through a focus on risk management and a hybrid delivery model.
US India FM Broadcasting OpportunitiesIVG Partners
With a compounded annual growth rate of 19%, the radio broadcasting industry is estimated to double from the current US$ 170 million to US$ 350 million by 2013. This sector promises consistent high growth and hence an ideal India investment opportunity for US firms.
The Foreign Education Providers Bill, once approved by the Union Cabinet, is expected to open up significant investment opportunities by US companies and institutions in the higher education space in India. With the passage of this bill, foreign education providers will be able to set up independent colleges which will be treated as deemed universities, offering independent degrees without having to seek affiliation from an Indian university or tying up with one in partnership. This in turn will raise the standard of higher education available to greater numbers of Indian students.
Doing More with Less - It's not just a mantra, it's a necessityKeyedIn Projects
The document discusses optimizing resource performance in modern project environments. It notes that traditional resource measurement and management no longer work due to changing business needs and team structures. The presentation outlines several key steps to optimize performance:
1) Identify anomalies and variances in performance data to understand the root causes, separating symptoms from underlying issues.
2) Create the right environment by defining modern expectations, gaining stakeholder buy-in, and evolving standards over time as needs change.
3) Drive improvement through establishing performance targets, understanding baselines, and executing plans to bridge gaps in a collaborative way involving leadership, project managers, teams, and individuals.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies in India. It has offices in major cities like Delhi, Mumbai, and Bangalore. Riskpro helps foreign companies enter and establish operations in India through services like feasibility studies, regulatory compliance advice, and developing entry strategies. It assists with evaluating options for corporate structure, financing, and implementing plans to successfully set up and grow businesses in India.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies in India. It has offices in Delhi, Mumbai, and Bangalore, and alliances in other cities, managed by experienced professionals. Its services include feasibility studies, regulatory compliance, taxation advice, and strategy for foreign companies entering and expanding in India. It assists with market research, competitive analysis, legal entity setup, and risk assessment to help clients successfully establish operations.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies and financial institutions in India. It has offices in major cities like Delhi, Mumbai, and Bangalore. Riskpro aims to be the preferred provider of governance, risk, and compliance solutions through its hybrid delivery model and ability to take on large, complex projects. It offers quality advisory services at competitive prices compared to large consulting firms. Riskpro focuses exclusively on risk management and has over 200 years of cumulative experience across its multi-skilled team.
This document provides an agenda and objectives for an upcoming webinar on integrated reporting. The webinar will feature a panel of experts who will share practices and trends in integrated reporting, deliver insights and best practices, and provide information on getting involved in integrated reporting standards evolution. The panelists will represent organizations like the International Integrated Reporting Council, SASB, and companies currently implementing integrated reporting.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies in India. It has offices in major cities and alliances in other cities, managed by experienced professionals. It offers quality advisory services at affordable rates compared to large firms. Riskpro's services include feasibility studies, risk assessments, regulatory compliance support, taxation advice, and developing entry strategies and corporate structures for foreign companies entering the Indian market. It helps clients mitigate risks and smoothly establish operations in India.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies in India. It has offices in major cities and alliances in other cities, managed by experienced professionals. It offers quality advisory services at affordable rates compared to large firms. Riskpro's services include feasibility studies, entry strategy consulting, corporate structure design, regulatory compliance, taxation advice, and risk mitigation for foreign companies entering the Indian market. It helps clients develop a roadmap for smooth market entry and long-term business operations in India.
Venture capital provides long-term funding for growing companies in exchange for equity. Venture capitalists seek high-growth companies led by experienced management teams. To attract venture capital, a business plan must demonstrate a large market opportunity, competitive advantage, strong financial projections, and validation. Raising venture capital is a selective process that can take several months and requires understanding the investors' evaluation criteria.
Verfication Pvt. Ltd. is a private company that provides various background screening services such as criminal records, civil records, financial records, tenant history, and employment/education verifications. The company's board of directors consists of 7 members and its mission is to provide accurate pre-employment and business screening information. The company aims to mitigate business risks and increase efficiencies for its customers which include financial institutions, IT companies, and manufacturing/logistics companies. Verification Pvt. Ltd. sees opportunities in the growing background screening market and plans to use differentiation and cost leadership strategies to target this market.
Cesse 2012 Management Institute Nikki Walker - Bringing It All TogetherPeter Turner
The document provides strategies for organizations to successfully grow globally. It outlines 5 strategic priorities: 1) business strategy and risk assessment, 2) finding right partners, 3) defining customer needs and product relevance, 4) selecting the right business or operational model, and 5) choosing the right markets. It then discusses managing risks in global expansion, including tangible risks related to markets, operations, and strategy, as well as intangible risks related to vision, culture, and processes. The document concludes by outlining actions an organization can take to foster a global mindset.
This document discusses various sources of entrepreneurial finance including debt finance from state finance corporations, NBFCs, and banks. It describes the process of securing debt finance such as developing a business plan and presenting the proposal. It also discusses venture capital characteristics such as financing new companies, equity participation, and adding value through active involvement. Finally, it lists some sectors that are favored by venture capitalists such as IT, software, wireless, and biotechnology.
The document summarizes an investment fund called Bridgepoint Greenfield Development Fund I LP. The fund will invest in early stage greenfield energy and infrastructure projects, with a focus on power generation and social infrastructure. It will seek investments from accredited investors and plans to invest in a minimum of 5 projects. The investment strategy is to take equity positions in projects with government backed offtake agreements to ensure revenue. The goal is to realize attractive exits for investments within 1-3 years.
This presentation discusses strategic management concepts for companies. It covers topics such as a CEO's strategic options, phases of company growth, market segmentation, Porter's five forces analysis, SWOT analysis, and strategic options for market expansion, portfolio expansion, innovation, finance, IT, and human resources. Key elements of strategy formulation like vision, mission, analysis, segmentation, and SWOT are also presented.
Real estate risk advisory brochure 2013Nidhi Gupta
Riskpro India is a specialized Risk Management Consulting firm providing risk management advisory, risk trainings, internal audits, forensic accounting, investigations, fraud prevention, process reviews services etc.
Real estate services involves the purchase, ownership, management, rental and/or sale of real estate for profit. Improvement of realty property as part of a real estate investment strategy is generally considered to be a sub-specialty of real estate investing called real estate development. Real estate is an asset form with limited liquidity relative to other investments. Management and evaluation of risk is a major part of any successful real estate investment strategy where risk occurs in many different ways at every stage of the investment process from sale, purchase, tenancy to market and environmental conditions where one needs a prudent approach for mitigating potential risks in this business for investors, buyers, sellers and vendors.
Basis above backdrop we’re pleased to launch our comprehensive Real estate Risk advisory services in addition to our existing bouquet of Risk advisory, Consulting, Training & Human Capital Services. Our services are offered through our multi location delivery centres in major metros with total presence in 11 Indian cities network.
“We are quoted in recent Economic Times news as among fastest growing risk consulting firms in India.”
Riskpro is an organization providing risk management consulting services across India through offices in major cities. It is managed by experienced professionals with over 200 years of cumulative experience. Riskpro aims to provide integrated risk management solutions to mid-large sized companies and financial institutions. It offers quality advisory services at affordable rates compared to large consulting firms. Riskpro's main focus and differentiators include risk management expertise, hybrid delivery model, and commitment to client service.
Real estate risk advisory brochure 2013Nidhi Gupta
Riskpro is an organization of risk management consulting firms in India with over 200 years of cumulative experience. It provides integrated risk management services to mid-large corporations and financial institutions. Riskpro aims to be the preferred provider of governance, risk, and compliance solutions. It offers quality advisory services at affordable rates compared to large consulting firms. Riskpro has expertise in areas such as credit risk, market risk, operational risk, IT risk, and regulatory compliance.
The document summarizes a company called IPS Group that provides consulting services to help businesses capitalize on opportunities in the disability market. It notes that (1) disability is a large untapped market segment of 1.1 billion people, (2) IPS offers intelligence, strategic planning, targeted programming, and valuation/measurement services to integrate disability initiatives into companies' strategies, and (3) IPS' process helps companies identify opportunities, define strategies, deliver solutions, and measure their progress in including people with disabilities.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies and financial institutions in India. It has offices in Mumbai, Delhi, and Bangalore and alliances in other cities, and is managed by experienced professionals. Riskpro's services include business risk consulting, strategic roadmap development, regulatory compliance, taxation advisory, and operational growth support after business setup. The company aims to be the preferred risk management service provider in India through a focus on risk management and a hybrid delivery model.
Riskpro India Ventures provides integrated risk management consulting services to mid-large sized companies and financial institutions in India. It has offices in Mumbai, Delhi, and Bangalore and alliances in other cities, managed by experienced professionals. Riskpro's services include business risk consulting, strategic roadmap development, regulatory compliance, taxation advisory, and operational growth support after business setup. The company aims to be the preferred risk management service provider in India through a focus on risk management and a hybrid delivery model.
US India FM Broadcasting OpportunitiesIVG Partners
With a compounded annual growth rate of 19%, the radio broadcasting industry is estimated to double from the current US$ 170 million to US$ 350 million by 2013. This sector promises consistent high growth and hence an ideal India investment opportunity for US firms.
The Foreign Education Providers Bill, once approved by the Union Cabinet, is expected to open up significant investment opportunities by US companies and institutions in the higher education space in India. With the passage of this bill, foreign education providers will be able to set up independent colleges which will be treated as deemed universities, offering independent degrees without having to seek affiliation from an Indian university or tying up with one in partnership. This in turn will raise the standard of higher education available to greater numbers of Indian students.
IMaCS Virtus Global Partners US-India Investment monitorIVG Partners
In the first quarter of 2010, there were eight acquisitions by Indian companies in the US and over 16 investments into India by US companies. There was a significant increase in energy related investments such as Essar's acquisition of Trinity Coal for $600 million, IFC's investment in renewable energy company Auro Mira, and Reliance's discussions with Atlas Energy for stake in Marcellus Shale natural gas operations.
While information technology remains the dominant theme for Indian companies acquiring US assets, investments into India from the US were predominantly in the nature of stake purchase rather than mergers or acquisitions. Key transactions included AT&T's purchase of stake in Tech Mahindra and Matheson's acquisition of K-Air Specialty Gases.
Welcome to the second edition of our US-India newsletter, which focuses on key developments and issues affecting foreign direct investments (FDI) and foreign institutional investments (FII) between the US and India. IMaCS Virtus Global Partners, a joint venture between ICRA Management Consulting Services and Virtus Global Partners, offers advisory services to North American companies and funds seeking India related growth and investment opportunities. For more information, please visit www.ivgpartners.com
US India Infrastructure And Energy Opportunities - IMaCS Virtus ReportIVG Partners
The document discusses investment opportunities in India's infrastructure and energy sectors such as roads, ports, urban development, and electricity. It notes that the government plans to invest $500 billion in these sectors over the next five years, creating opportunities for US and European companies in areas like road construction, port development, equipment supply, and power generation and transmission projects. Major investment is needed to fund projects in roads, urban infrastructure, and increasing electricity capacity.
Doing Business In India - IMaCS Virtus Global PartnersIVG Partners
Doing Business in India: Strategic & Practical Considerations
Using a strategic framework to manage the challenges of business structuring, due diligence will help companies and funds create a robust India investment roadmap
Us Bound Acquisition By Indian Companies 2009IVG Partners
Low valuations, bankruptcy auctions, and distress sales characterized more than half of the US-bound acquisitions by Indian companies in 2009. Lower growth projections, lack of bank financing, and decrease in US wages due to the recession drove valuations lower and created significant value buying opportunities for Indian Companies. According to a report released by IMaCS Virtus Global Partners, a New York based advisory and banking firm, there were 75% fewer US-bound transactions from India in 2009 compared to that of the previous year. Most transactions were less than $50 million in size compared to the three billion dollar plus transaction sizes seen the previous year. This reflects how Indian companies adapted to the new economic realities while being still opportunistic about global growth.
One of the key aspects of this year’s transactions involves distress and bankruptcy on the part of the sellers. Examples include S Kumar’s acquisition of Hartmax, Lupin’s acquisition of US rights for Antara, Cosmo’s acquisition of ACCO’s print finishing business, and Piramal’s acquisition of RxElite.
“As the Indian economy continues to grow at a relatively faster rate compared to the US, we will see more distress related acquisitions in the US by Indian companies in 2010” said Anil Kumar, Managing Director of IMaCS Virtus Global Partners. He added “Continued lack of financing, survival pressures and private equity sales has created a unique opportunity for Indian companies to acquire synergistic US companies at a much lower valuation”.
With 8 US-bound acquisitions in 2009, information technology was the most acquisitive industry in India accounting for 53% of the US-bound transactions by volume. Within this industry, engineering design, specialized business process, and enterprise resource planning sub-segments were attractive for acquisitions, given their untapped offshore opportunities and relatively higher margins. While mid-size companies, such as Quest Global, Persistent Systems and KPIT Cummins sought to add new service capabilities through US-bound acquisitions, large-size companies, such as Infosys BPO and Sasken Communication sought to strengthen their current capabilities. ICRA Techno Analytics Limited (ICTEAS) and Rediff sought to acquire customers and enter into new segments.
The Indian pharmaceuticals and healthcare industry sector accounted for over 25% of the transaction volume with four US-bound acquisitions in 2009. This sector has been characterized by special situation and distressed related value buying opportunity.
Indian Airport and Ground Support Equipment Market - Opportunities for US Com...IVG Partners
With a total market size of $5.6 billion and an average growth rate of 18 percent per year in passenger and air cargo over the last five years, the civil aviation sector in India has witnessed a rapid development.
This growth will spur increased investment in airports and ground equipment. The present market size for airport equipment and ground support services is estimated to be $360 million.
As a support service to the aviation industry, India’s Maintenance, Repair & Overhaul (MRO) sector is estimated to grow at 10 percent and reach $1.17 billion by 2010 and $2.6 billion by 2020.
Another promising sub-sector in the airport equipment and ground-handling services continues to be technology-driven communication and ground services. Analysts also estimate that there will be a need for 8,000 pilots by 2020.
Indian Energy Market Opportunities for US CompaniesIVG Partners
With a generation capacity of 141 GW, India has the fifth largest electricity generation capacity in the world . India’s Transmission & Distribution (T&D) network of 6.6 million circuit km is the third largest in the world.
According to the Integrated Energy Policy report released by the Indian government, estimated energy requirements will reach approximately 950,000 MW in the year 2030. The government has been promoting public - private partnerships to meet the estimated $1.2 trillion investment required over the next 25 years to provide electricity to consumers at an affordable cost. The U.S. continues to be one of the largest exporters of generation and transmission equipment to India along with Germany, Japan and the U.K.
Given these conditions, there are excellent prospects for North American companies in energy efficient compressors, boilers, turbines, combined cycle power production, heat recovery technology, process control systems, hydraulics, cogeneration equipment, meters, sensors/ controls, heating/cooling (HVAC) systems, lighting units, pumps, appliances, steam systems/generators, and related IT and energy services. As the demand for Transmission & Distribution equipment is expected to grow rapidly, North American power equipment suppliers will also find significant sales opportunities in power distribution transformers, high voltage power cables, relays, conductors, capacitors, circuit breakers and related equipments.
Indian Retail & Franchising Market Opportunities for US CompaniesIVG Partners
The Indian retail and franchising market is growing rapidly due to rising incomes and an expanding middle class. By 2025, India will become the fifth largest consumer market globally, surpassing Germany. There are significant opportunities for US companies in sectors like retail, education, apparel, food services, and healthcare. India has over 300 malls and 1,500 supermarkets, and retail is expanding beyond major cities into smaller towns. Major international brands are entering India through partnerships, joint ventures, and franchise agreements. Virtus Global Partners provides advisory services to help US companies capitalize on opportunities in the Indian market.
Indian Water and Wastewater Treatment Market - Opportunities for US CompaniesIVG Partners
With a market size of over $4 billion, the Indian water and wastewater market is growing at a rate of 10-12 percent every year. Imports constitute approximately $110 million of the $690 million market for municipal and industrial water treatment equipment. The U.S. is India’s principal source of imports of water treatment equipment, with an estimated share of 40 percent. U.S. companies will find opportunities in sanitation, urban water supply improvement and municipal wastewater treatment. Additional opportunities exist in providing consulting and design services to the Indian water industry. In the area of water treatment, U.S. companies can joint venture with Indian firms to offer integrated solutions in water treatment. These solutions could include performing feasibility studies, designing, technical consulting and providing operation and on-line maintenance services.
The bottled water segment has recently established itself as a significant area of growth with a market size of $280 million and growing at 25-30 percent per year.
US-bound Acquisition by Indian Companies Oct 2009IVG Partners
The document analyzes US-bound acquisitions by Indian companies in the first three quarters of 2009. It finds that there were only 10 such transactions, a 78% decrease from the same period in 2008. Most deals were less than $50 million and driven by distressed acquisition opportunities. The slowdown was caused by lack of financing and lower demand/wages due to the global recession. Top target industries were IT, pharmaceuticals, and chemicals. The report discusses challenges for future deals and considers financing, distressed opportunities, and cost-cutting as key factors.
1. Managing Risks in India
Common Mistakes made by US Companies
October 2011
501 Fifth Avenue . Suite 302 . New York, NY 10017 . 646.807.9290 . www.ivgpartners.com
Mumbai New Delhi Chennai Bangalore
2. About IVG Partners
We are one of the leading strategy and transaction advisory firms focused on
US-India sector
IMaCS Virtus Global Partners (“IVG Partners”) is a New York based advisory firm that offers
services to North American companies seeking India related growth and investment
opportunities. Our mission is to enable our clients to transform their business by adding India
as a key part of their global footprint.
We are headquartered in New York with eight offices in India.
The firm is part of ICRA Management Consulting Services Limited, which is a fully-owned
subsidiary of ICRA Limited, one of India's leading credit rating agencies.
Our clients benefit from our local presence, strong relationships, knowledge of local business
practice, experience, and financial expertise.
Representative Clients:
Offices
• New York (HQ)
• Mumbai
• New Delhi
• Chennai
• Bangalore
• Ahmedabad
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3. Table of Content
1. Common Mistakes
2. Risk Management Framework
3. Case Studies
4. Other Important Considerations
4. About IVG Partners
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4. Top Five Mistakes Made by US Companies in India
Lack of Planning
to manage risks and out-of-
control events
Lack of long-term Choosing Partners
Commitment to who do not have enough at
India stake
Advisors Due Diligence
without enough US and not focused on hidden
India experience skeletons
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5. 1. Lack of Planning to manage risks and out-of-control
events – Market Size, Trends and Competition
Planning Partners Diligence Advisors Commitment
Risk Management
• What is the addressable market size for the product or service being sold – not
Estimating the market size of industry?
Market Size • Which external factors can create or diminish the market potential?
• How does the typically long replenishment cycle impact profitability?
• Based upon historical analysis, what are the likely trends for customer spending
Analyzing on this product or service over the next five to ten years?
Industry • What upcoming regulatory (such as FDI) policy changes can alter the market
structure and profitability?
Trends • Are there other western companies operating profitably in this segment?
Assessing • What is the degree of maturity, performance and profitability of local firms?
Competitive • What are the local barriers to entry?
Landscape • What will be the competitive response to a US company’s product launch?
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6. 1. Lack of Planning to manage risks and out-of-control
events – Structure, Location, Feasibility
Planning Partners Diligence Advisors Commitment
Risk Management
Structuring • What is the least risky approach to staging investments?
• What is the most efficient use of early stage capital infusion?
Investments • What is the worst case scenario for capital expenditure?
• What is the availability of human capital and resource pool in this region?
Short listing • What challenges could the current state of infrastructure, logistics impose?
Locations • Have there been instances of project delays and issues due to government
and environmental regulations?
• What is the worst case financial projection?
Feasibility • What is the breakeven point, cost curves (fixed vs. variable) and expected
margins?
Analysis • What are the execution risks? What risks have other western companies
faced in this industry?
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7. 2. Choosing Partners who do not have enough at stake
Planning Partners Diligence Advisors Commitment
Risk Management
• What factors could impact the priority and commitment of local
Commitment partners?
• Are there monetary incentives based on future value creation?
• Are critical milestones mutually agreed upon?
• What has been the track record of local partners with respect to past
Mindset initiatives and past collaborations?
• What will be local partners’ openness to new ideas?
• How important is management control to local partners?
• Will other family owned companies of local partners be involved?
Governance • What will be the level of accounting, audit controls and board
oversight?
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8. 3. Due Diligence not focused on hidden skeletons and
related party transactions
Planning Partners Diligence Advisors Commitment
Risk Management
1. Finding Hidden Skeletons:
Inadequate disclosures impede the ability to access critical information that might alter the
investor's perception with regard to the value of the company, environment issues and
aggressive tax positions among others.
2. Checking Related Party Transactions:
Indian businesses are generally structured as conglomerates or group businesses which create
extensive related party transactions.
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9. 3. Due Diligence not focused on hidden skeletons –
comprehensive diligence and past history
Planning Partners Diligence Advisors Commitment
Risk Management
3. Request information even if it is not readily available
Comprehensive information required for the due diligence process is not readily available with
the Indian companies due to lack of detailed management information system. The forecasting
tend to be aggressive and methodologies might not be robust, often leading to simplistic
projections. This results in the need to explore more risk areas and takes more time for the due
diligence.
4. Research Management/ Promoter’s past history
It is often observed that founding members will refuse to give up control and might not be open
to new ideas. This characteristic might not be apparent during negotiations but often shows up
at a later stage of business building.
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10. 4: Advisors without enough US and India experience
Planning Partners Diligence Advisors Commitment
Risk Management
Desired Attributes
Local Presence both in India and the US
Track Record of working with mid to large companies in India and the US
Deep knowledge of both the Indian and US core industry markets
Experience advising both the US and Indian management
Senior level access to leading industry executives and investors in India.
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11. 5: Lack of long-term Commitment to India
Planning Partners Diligence Advisors Commitment
Risk Management
The Indian market offers significant revenue potential in the long-term but there
will be pitfalls in the short-term. Preparedness is the key.
A step-by-step investment plan based on milestones ensures a balance between
under-investment and over-investment
It takes time to understand the customer buying patterns and work through
operational challenges.
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12. 1. Common Mistakes
2. Risk Management Framework
3. Case Studies
4. Other Important Considerations
4. About IVG Partners
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13. Keys to Success in India
Planning to manage
risks and out-of-
control events
Long-term
Local Partners with
Commitment to
enough at stake
India
Advisors with US Due Diligence
and India focused on hidden
experience skeletons
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14. Creating a India Risk Management Strategy
– An IVG Framework
Stage 1: Stage 2: Stage 3:
Plan Implement Operate
• Market Assessment • Business Setup • Setup Sourcing
• Competitive • Leadership Roles • Staff Hiring and
Landscape Analysis • Key Employee Hiring Training
• Regulatory & Legal • Investment Structuring • Sales & Marketing
Framework Analysis Setup
• Local Regulatory
• Feasibility Compliance • Growth Planning
Assessment • Scale Operations
• Partner & Vendor
• Location Selection & Due • Identify Areas for
Assessment Diligence Improvement
• Preparing Key • Assess Performance
• Legal & Regulatory
Stakeholders Setup • Board Meetings
• Form of Business • Infrastructure Set up • Analyze Industry
Recommendation Trends
• Funding/Financial
• Potential Partners Closure • Quality Assurance
• Investment
Roadmap
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15. 1. Common Mistakes
2. Risk Management Framework
3. Case Studies
4. Other Important Considerations
4. About IVG Partners
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16. IVG Customer Case Study: Water Filtration Equipment
Company assessing India’s market potential
Company Overview and Strategic Approach
Company serves municipalities and industrial enterprises by providing
them with best in class filtration media and equipments that help make
clean water. Company offers both standard products (off the shelf) and
customized products, with each contributing roughly equally to its top
line.
As the share of population residing in urban areas in India is expected to
increase significantly, it faces supply side constraints and concerns
relating to availability of fresh water primarily owing to pollution and
inadequate investment in water resource management. This presented
an opportunity for company to target India as a market.
Company was seeking to formulate an India entry strategy in the Water
filtration business based upon an analysis of market opportunities,
competitive landscape, prevailing regulatory environment, and the
financial expectations of management of Company
Lessons Learned
Addressable market was much smaller than expected: Even though the overall market size of water industry
equipments in India was over $2 billion, the actual market size for this Company’s products turned out to be very small -
$20 million. This was also driven by longer replenishment cycle and lack of perceived need for Company’s product.
Higher working capital requirement due to long sales cycle: A study of customers’ buying behavior and sales cycle
resulted in the realization that a high amount of working capital will be needed to run operations in India.
Ideal location for export to the Middle East and African markets: Given India’s proximity to the Middle East and African
markets, it can be used as an export market while the local market develops. Labor rates in India are comparable to China
for mid size batch manufacturing and there are several government incentives that encourage exports.
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17. IVG Customer Case Study: Auto Component
Manufacturer setting manufacturing plant in India
Company Overview and Strategic Approach
Company is a rapidly growing manufacturer of high volume, precision
machined and assembled products in cast iron, non-ferrous castings,
steel forgings, sand and permanent mold castings.
The Indian auto components market is expected to grow from current
$26 billion to $100 billion by 2020. In the last six years, the market
has grown from $6.7 billion to $26 billion with a CAGR of 21%.
Given this market opportunity, Company was seeking to establish a
machining facility for castings and forgings in the city of Chennai in
India to serve the domestic and global OEMs.
Lessons Learned
Early mover advantage is critical in India: An early mover advantage makes a big difference for US Companies to
leverage their advantage and build strong supplier relationship with US/European OEMs expanding or establishing in
India.
Indian OEM customers are extremely price sensitive: Even though the Indian market is large and growing in size,
selling to domestic customers is a challenging proposition given their focus on cost. As the local competitors trade off
quality and process to match price expectations, it reduces the addressable market size for a US supplier.
There is lack of high quality suppliers to global OEMs in India: There exists a large unmet need for reliable and high
quality suppliers to: a) US and European OEMs expanding and establishing operations in India, and b) Export of machined
components from India to Europe and the US.
Senior management hiring can be challenging: Given the operational complexities of setting a new casting-machining
venture in India, a strong, dedicated, and experienced management team is required to drive success. However, hiring
and retaining capable management team has been a challenge for several companies.
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18. IVG Customer Case Study: Retailer of Lifestyle
Products selling in India
Company Overview and Strategic Approach
Company is one of the world’s leading hair and beauty salon chains.
The company has presence in over 17 countries with over 350 salons
and 16,000 customer visits daily.
Given the growth in Indian consumer’s disposable income and aspiration
of Indian middle consumers, Company wanted to tap the Indian market.
Huge market demand in the Indian personal care industry had created a
great opportunity to introduce a premium international brand and
establish a market leadership position.
Company’s goal was to open up to six upscale stores in Mumbai, Delhi,
and other metropolitan cities focusing on middle income female
consumers.
Lessons Learned
Heterogeneous market and customer buying patterns creates need for regional focus: There exists big difference in
regional buying behavior of consumers, especially in retail products. Hence a marketing strategy comprising several
regions is difficult to implement in India compared to a homogeneous market like the US.
Marketing efforts cost less and are more effective compared to the US: Marketing Campaigns in India are cheaper
than the US and more effective, especially when catered to the rising aspirations of the middle class population.
Regional efficiencies can yield high revenue: Local markets, if targeted effectively, can provide large revenue growth
and hence geographic expansion need not need to be a high priority at the initial stage of company’s growth in India.
Real estate and rentals are a larger component of expenditure compared to the US: Given the rise in real estate
prices in India, retail rentals can be extremely high and lower profitability.
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19. 1. Common Mistakes
2. Risk Management Framework
3. Case Studies
4. Other Important Considerations
4. About IVG Partners
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20. Other Important Considerations - Legal
Owning the Intellectual Property
Protecting Trade Secrets and IP
Key Potential for Local Liability
Considerations Tax Considerations
Employment Issues
Customers want home jurisdiction and governing
law.
Arbitration v. Court - from an enforcement
Enforcing the perspective.
Contract Execute an onshore contract with the subsidiary, if
possible.
Avoiding Indian courts other than for injunctive
relief, if possible
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21. Other Important Considerations - Recruitment/
Retention Strategies
For every 5 openings, only 1 qualified candidate
Employees seen as internal “customers”
Recruitment
HR managers judged as salespeople- rather than
administrators
Differentiating company from competitors
compensation and benefits tailored to
particular job
Create a sense of togetherness
Retention
de-emphasize pay-for-performance
More important whether person liked and respected
performance ability not valued as strongly
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22. Other Important Considerations - Negotiations
Preparation is a key to success in India.
There is low sensitivity to time.
Negotiations should be at the highest level of the Indian organization.
Do’s Don’ts
Rely on written agreements, not Don’t be swayed by kindness
YES. Don’t bring up business on the first
Modern India relies on contracts meeting.
Consider other firms. Don’t trust every manager as equal
Bring a group of negotiators.
Save concessions for strategic
implementation.
“We will see”
“I will try” Means “NO”
“Possibly”
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23. Other Important Considerations – Monitoring
Performance
Assess Performance Discuss Results with
Management
Keep Management Focused
Talk to Department Heads,
Identify Areas for Monitoring Other Managers
Improvement
Performance Scan News Headlines
Review Monthly Reports
Analyze Industry Studies,
Participate in Board Meetings
Research
Attend Industry Conferences
Check for Fraudulence,
Inconsistencies
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24. 1. Common Mistakes
2. Risk Management Framework
3. Case Studies
4. Other Important Considerations
4. About IVG Partners
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25. About IVG Partners
We are one of the leading strategy and transaction advisory firms focused on
US-India sector
IMaCS Virtus Global Partners (“IVG Partners”) is a New York based advisory firm that offers
services to North American companies seeking India related growth and investment
opportunities. Our mission is to enable our clients to transform their business by adding India
as a key part of their global footprint.
We are headquartered in New York with eight offices in India.
The firm is part of ICRA Management Consulting Services Limited, which is a fully-owned
subsidiary of ICRA Limited, one of India's leading credit rating agencies.
Our clients benefit from our local presence, strong relationships, knowledge of local business
practice, experience, and financial expertise.
Representative Clients:
Offices
• New York (HQ)
• Mumbai
• New Delhi
• Chennai
• Bangalore
• Ahmedabad
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www.ivgpartners.com
26. Our Service Offerings
We provide strategic and transaction advisory services and access to opportunities in India and
markets, with exceptional execution capabilities.
Service Offerings
Cross-Border Merger
India Entry Advisory Risk Management Partner Search
& Acquisition
• Market, Demand and • Target Identification • Risk Management Advisory • Partner Identification and
Meetings
Competition Analysis • Solutions to Address
• Synergy Valuation Payment and Other Risks • Joint Implementation Plans
• Customer and Partner
• Price Negotiations • Business Due Diligence • Partner Due Diligence
Meetings
• Credit Risk Assessment • Structuring and Negotiating
• Deal Structuring Agreements
• India Entry Strategy • Financial Assessment of
• Investment Roadmap Customers & Partners
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28. Select Clients – Financial
Barings Equity Partners Sequoia Capital
Credit Suisse First Boston Tata Capital
Chase Manhattan Bank SBI Capital Markets
Credit Lyonnais Axis Bank
GE Money Bank of Nova Scotia
HSBC – Polysindo SREI Infrastructure Finance
International Finance ICICI Venture Funds
Corporation (IFC)
IL&FS
ING Group
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29. Our Competitive Advantage
Focus only on US-India transactions
A deep knowledge of core industry markets;
A relentless focus on maximizing value for our clients
Strong operational and transactional experience
Senior level access to leading industry executives and investors globally
In-depth technical and financial skills for value-enhancing deal structuring
A corporate culture built on teamwork, integrity and professionalism
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30. Office Locations
New York (HQ) New Delhi Mumbai Bangalore
501 Fifth Avenue, Suite 302 Building. 8, 2nd Floor, Twr A Electric Mansion, FL 4, Vayudooth Chambers,
New York, NY 10017 DLF Cyber City, Phase-II Appasaheb Marathe Marg, Fl 2, Trinity Circle
USA Gurgaon 122002 Prabhadevi 15-16 MG Road,
Mumbai 400 025 Bangalore 560 001
Kolkata Chennai Pune Hyderabad
FMC Fortuna, A-10, FL 3, Karumuttu Centre, 5th Floor 5A, 5th Floor, Range Hills 301, Concourse Fl 3
234/3A AJC Bose Road 634 Anna Salai, Nandanam Road, Shivaji Nagar, Pune No 7-1-58, Ameerpet
Kolkata 700 020 Chennai 600 035 411 020 Hyderabad 500 016
Contact Us
Anil Kumar in New York at akumar@ivgpartners.com or +001-646-807-9290
Shaleen Agarwal in New Delhi at sagarwal@ivgpartners.com or +91 (9958) 111 350
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