Samasta Microfinance Ltd, which took a hit on its business growth due to the spate of farmers’ suicides in Andhra Pradesh following the regulatory crisis in the microfinance industry in 2010, is expecting to regain growth momentum.
ICICI Venture Funds Management Co Ltd, one of the largest private equity players in the country, reported 12 per cent fall in fee earnings in FY13 as it deferred income from the new funds.
Praveen P Kadle has been with the Tata Group for 18 years and has spent quite a few years at Tata Motors as CFO.
After closing three transactions in the industrials sector, Oman India Joint Investment Fund (OIJIF) is now looking to invest in sectors like banking and food services.
Public-listed non-banking finance companies (NBFCs), which are backed by private equity investors, reported mixed results for the financial year 2013 due to regulatory changes and sluggish credit growth in the economy.
Tata Opportunities Fund LP is nearing the completion of two transactions after closing its maiden fund last month at $600 million. Going by the fund size, it is one of the largest India-specific private equity funds raised since the 2008 financial crisis.
Mid-market-focused investment bank Singhi Advisors has expanded its leadership team with the induction of Krishna Kartha (from Emirates Bank), Ashish Bagadia (Avendus), Ashish Jain (Xander) and Sanjay Malhotra (SBI Capital) as directors, across its various practice verticals.
Private equity major Warburg Pincus, which focuses on growth investing, said it had closed Warburg Pincus Private Equity XI, L.P. with $11.2 billion in commitments. The new fund is one of the largest PE funds raised after the global financial crisis.
Kuldip Chawla, the erstwhile director at real estate-focused private equity firm Red Fort Capital, has formed his own startup called ASK Strategies. This is unrelated to ASK Group, a Mumbai-based financial services group.
Global social investor Accion has announced a set of five initial investments by Venture Lab, its $10 million seed capital initiative, including one investment in Bangalore-headquartered Varthana, a non-banking finance company that provides loans to affordable private schools.
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