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Innovative Solutions to Distressed Assets!
Indian banks face growing asset distress…!
Indian banks’ bad loans continue to grow…! …creating a market in distressed assets!
0.0%!
2.0%!
4.0%!
6.0%!
8.0%!
10.0%!
12.0%!
FY06! FY08! FY10! FY12! Sep-13! Sep-14!
Distressed assets!
Gross NPA!
Net NPA!
0!
50!
100!
150!
200!
250!
FY10! FY11! FY12! FY13! FY14! FY15!
Banks' stressed asset sales !
INR bn!% of total advances!
Indian banks have sold over INR 1.9 tn of assets at an average discount of 67%!
Sources: RBI, Business Standard, PwC, Business Today, Sonpankhi Research
…concentrated in select sectors !
29.8%!10.2%!
7.3%!
2.4%! 1.4%!
Sectoral Shares in Stressed Advances !
Infrastructure!
Iron & Steel!
Textiles!
Aviation!
Mining!
INR 7.7 tn!
Huge potential for resolution and preservation of economic value!
Sources: RBI, Business Today
Sonpankhi Advisors!
An Investment Bank & Advisory specializing in Distressed Assets !
Sonpankhi works with all stakeholders to resolve !
corporate distress – unlocking value & creating a win-win !
situation. We work with banks, acting as their resolution !
agents, bringing in fresh capital through our investors.!
Our Team!
Pratik Gupta!
Partner!
•  Pratik Gupta is a Finance and Legal Professional with a career spanning industries including Business
Valuation, Corporate Finance, Private Equity Syndication, Asset Reconstruction and Securitization. !
•  Prior to Sonpankhi, he worked as a Legal Manager at Invent Asset Reconstruction Company!
•  He has degrees from Warwick University, UK and National Law School of India University, Bangalore.!
Deepak Kurian!
Partner!
•  Deepak Kurian is a financial and investment expert. !
•  Prior to Sonpankhi, he worked as an Investment Professional at Barclays Capital. !
•  He obtained his Bachelors and Masters from the Indian Institute of Technology, Bombay and is a Level
2 CFA.!
Rohan Badade!
Associate!
•  Prior to Sonpankhi, Rohan worked as an Associate at Ourea Capital Advisors, a boutique investment
bank, where he managed several fundraising and advisory projects, most recently closing a $3.5 mn
equity transaction in May 2015.!
•  Rohan is an alumnus of the Narsee Monjee College of Commerce and Economics and holds a Diploma
in Corporate Finance from the CISI and ICAEW, UK.!
Management!
Our Team!
Mr. P.K. Kuriachen!
•  P K Kuriachen is the Acting Chief Executive of the Financial Services Commission of Mauritius. !
•  He joined the Commission in 2013 and is on secondment to FSC Mauritius from the Securities
Exchange Board of India (SEBI).!
•  Prior to joining SEBI in 1993, he worked in the banking sector for some 19 years. !
•  He was previously on secondment at the Commission from 2008 to 2010, whereby he headed the
Capital Markets Cluster. !
•  He holds a Diploma in Business Management, MCom, CAIIB and CFA!
Dr. Pramod Gupta!
•  Dr. Pramod Gupta is the Promoter of Proma Group and is a textile technocrat with over 30 years
of experience in the Industry. !
•  He was the President at LNJ Bhilwara Group before starting out at a first generation entrepreneur. !
•  His keen administrative acumen, resourcefulness, and strong commitment to ethics has helped
guide Proma Industries to a leadership position in the domestic textile market. !
•  He has been a mentor to many successful entrepreneurs in the textile industry and continues to
share a close personal relationship with them. !
•  He is a Gold-Medalist MBA from Poddar Institute of Management and holds a PhD in Finance. !
Advisory Board!
Our Offerings!
Resolution
Offerings!
Turnaround &
Restructuring !
Reviving distressed accounts through change in management,
stabilizing core operations, disposing non-core assets and
other turnaround advisory!
One Time
Settlement (OTS)
Funding !
Raising money from our investors to fund bank debt by OTS or
through Asset Reconstruction Companies (ARCs) !
Strategic
Investments!
We leverage our network to find strategic investors who see
value in distressed assets !
Working Capital
Financing !
Working capital financing through our network, to leverage
underutilized capacity!
Our Credentials!
2 Leading ARCs!
Official Resolution Agents!
Listed Textile Manufacturer!
Corporate Restructuring!
INR 2000 mn!
Listed Metals Manufacturer!
Advisory!
INR 2000 mn!
Large Textile Manufacturer!
Debt Resolution !
INR 1000 mn!
Listed Petrochem Company!
Advisory!
INR 500 mn!
Large Listed Textile
Manufacturer in Hyderabad!
Working Capital !
INR 400 mn!
One of India’s Largest Listed
Textile Companies !
Working Capital !
INR 250 mn!
Large Listed Textile Company in
Indore !
M&A!
INR 200 mn!
3 Textile Mills in South India!
Working Capital !
INR 100 mn!
Disclaimer!
The information contained herein is provided for informational and discussion purposes only and is not, and may not be
relied on in any manner as, legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest
in any company. The information contained herein must be kept strictly confidential and may not be reproduced or
redistributed in any format without the approval of Sonpankhi Advisors LLP.!
Prospective investors should make their own investigations and evaluations of the information contained herein. Each
prospective investor should consult its own attorney, business advisor and tax advisor as to legal, business, tax and related
matters concerning the information contained herein.!
Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of
preparation and not as of any future date, and will not be updated or otherwise revised to reflect information that
subsequently becomes available, or circumstances existing or changes occurring after the date hereof.!
Certain information contained in this presentation constitutes “forward-looking statements,” which can be identified by the
use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,”
“intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology.!
Any action taken by you on the basis of the information contained herein is your responsibility alone and Sonpankhi
Advisors LLP or its directors or employees will not be liable in any manner for the consequences of such action taken by
you. Sonpankhi Advisors LLP and/or its directors and/or its employees may have interests or positions, financial or
otherwise, in the securities mentioned in this presentation.!

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presentation - advisory board

  • 1. Innovative Solutions to Distressed Assets!
  • 2. Indian banks face growing asset distress…! Indian banks’ bad loans continue to grow…! …creating a market in distressed assets! 0.0%! 2.0%! 4.0%! 6.0%! 8.0%! 10.0%! 12.0%! FY06! FY08! FY10! FY12! Sep-13! Sep-14! Distressed assets! Gross NPA! Net NPA! 0! 50! 100! 150! 200! 250! FY10! FY11! FY12! FY13! FY14! FY15! Banks' stressed asset sales ! INR bn!% of total advances! Indian banks have sold over INR 1.9 tn of assets at an average discount of 67%! Sources: RBI, Business Standard, PwC, Business Today, Sonpankhi Research
  • 3. …concentrated in select sectors ! 29.8%!10.2%! 7.3%! 2.4%! 1.4%! Sectoral Shares in Stressed Advances ! Infrastructure! Iron & Steel! Textiles! Aviation! Mining! INR 7.7 tn! Huge potential for resolution and preservation of economic value! Sources: RBI, Business Today
  • 4. Sonpankhi Advisors! An Investment Bank & Advisory specializing in Distressed Assets ! Sonpankhi works with all stakeholders to resolve ! corporate distress – unlocking value & creating a win-win ! situation. We work with banks, acting as their resolution ! agents, bringing in fresh capital through our investors.!
  • 5. Our Team! Pratik Gupta! Partner! •  Pratik Gupta is a Finance and Legal Professional with a career spanning industries including Business Valuation, Corporate Finance, Private Equity Syndication, Asset Reconstruction and Securitization. ! •  Prior to Sonpankhi, he worked as a Legal Manager at Invent Asset Reconstruction Company! •  He has degrees from Warwick University, UK and National Law School of India University, Bangalore.! Deepak Kurian! Partner! •  Deepak Kurian is a financial and investment expert. ! •  Prior to Sonpankhi, he worked as an Investment Professional at Barclays Capital. ! •  He obtained his Bachelors and Masters from the Indian Institute of Technology, Bombay and is a Level 2 CFA.! Rohan Badade! Associate! •  Prior to Sonpankhi, Rohan worked as an Associate at Ourea Capital Advisors, a boutique investment bank, where he managed several fundraising and advisory projects, most recently closing a $3.5 mn equity transaction in May 2015.! •  Rohan is an alumnus of the Narsee Monjee College of Commerce and Economics and holds a Diploma in Corporate Finance from the CISI and ICAEW, UK.! Management!
  • 6. Our Team! Mr. P.K. Kuriachen! •  P K Kuriachen is the Acting Chief Executive of the Financial Services Commission of Mauritius. ! •  He joined the Commission in 2013 and is on secondment to FSC Mauritius from the Securities Exchange Board of India (SEBI).! •  Prior to joining SEBI in 1993, he worked in the banking sector for some 19 years. ! •  He was previously on secondment at the Commission from 2008 to 2010, whereby he headed the Capital Markets Cluster. ! •  He holds a Diploma in Business Management, MCom, CAIIB and CFA! Dr. Pramod Gupta! •  Dr. Pramod Gupta is the Promoter of Proma Group and is a textile technocrat with over 30 years of experience in the Industry. ! •  He was the President at LNJ Bhilwara Group before starting out at a first generation entrepreneur. ! •  His keen administrative acumen, resourcefulness, and strong commitment to ethics has helped guide Proma Industries to a leadership position in the domestic textile market. ! •  He has been a mentor to many successful entrepreneurs in the textile industry and continues to share a close personal relationship with them. ! •  He is a Gold-Medalist MBA from Poddar Institute of Management and holds a PhD in Finance. ! Advisory Board!
  • 7. Our Offerings! Resolution Offerings! Turnaround & Restructuring ! Reviving distressed accounts through change in management, stabilizing core operations, disposing non-core assets and other turnaround advisory! One Time Settlement (OTS) Funding ! Raising money from our investors to fund bank debt by OTS or through Asset Reconstruction Companies (ARCs) ! Strategic Investments! We leverage our network to find strategic investors who see value in distressed assets ! Working Capital Financing ! Working capital financing through our network, to leverage underutilized capacity!
  • 8. Our Credentials! 2 Leading ARCs! Official Resolution Agents! Listed Textile Manufacturer! Corporate Restructuring! INR 2000 mn! Listed Metals Manufacturer! Advisory! INR 2000 mn! Large Textile Manufacturer! Debt Resolution ! INR 1000 mn! Listed Petrochem Company! Advisory! INR 500 mn! Large Listed Textile Manufacturer in Hyderabad! Working Capital ! INR 400 mn! One of India’s Largest Listed Textile Companies ! Working Capital ! INR 250 mn! Large Listed Textile Company in Indore ! M&A! INR 200 mn! 3 Textile Mills in South India! Working Capital ! INR 100 mn!
  • 9. Disclaimer! The information contained herein is provided for informational and discussion purposes only and is not, and may not be relied on in any manner as, legal, tax or investment advice or as an offer to sell or a solicitation of an offer to buy an interest in any company. The information contained herein must be kept strictly confidential and may not be reproduced or redistributed in any format without the approval of Sonpankhi Advisors LLP.! Prospective investors should make their own investigations and evaluations of the information contained herein. Each prospective investor should consult its own attorney, business advisor and tax advisor as to legal, business, tax and related matters concerning the information contained herein.! Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof.! Certain information contained in this presentation constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue” or “believe,” or the negatives thereof or other variations thereon or comparable terminology.! Any action taken by you on the basis of the information contained herein is your responsibility alone and Sonpankhi Advisors LLP or its directors or employees will not be liable in any manner for the consequences of such action taken by you. Sonpankhi Advisors LLP and/or its directors and/or its employees may have interests or positions, financial or otherwise, in the securities mentioned in this presentation.!