Mumbai-based private equity firm Blue River Capital has roped in Raman Madhok as managing director to strengthen its business in the country.
Madhok joins Blue River Capital from CMI-FPE Limited an Indian public listed arm of Belgian industrial and engineering company, where he was the managing director and regional head or Middle East, Africa and South East Asia.
Earlier he was the CEO of Tradeline L.L.C, Dubai and was responsible for setting up a steel plant under Al Ghurair Iron & Steel Co. at Abu Dhabi in UAE. Madhok has more than 30 years of experience as a CEO, and as a human resource specialist, spanning engineering, pharmaceuticals, FMCG and hospitality industries.
He holds an MS degree from IIT Delhi and a Post Graduate Diploma in Management from XLRI, Jamshedpur.
Blue River Capital is a six year old private equity firm founded by Shujaat Khan (former managing director at ChrysCapital) and Muneesh Chawla (former CEO of IL&FS Investment Managers, in partnership with financial services firm Edelweiss Capital.
The firm focuses on Indian SME market and invests in financial services, consumer goods & services and urban infrastructure services. Currently Blue River has approximately $140 million under management. It is presently raising Fund II with a similar strategy and approach.
Blue River’s investments in portfolio companies include Wilson Sandhu Logistics (Rs 45 crore), City Union Bank Ltd (Rs 30 crore), Rane Holdings Ltd, KMC Constructions Ltd (Rs 90 crore), International Print-o-Pack Ltd (Rs 55 crore) Aurangabad Electricals Ltd (Rs 50 crore) and KPR Mills Ltd (Rs 45 crore). The firm is in talks to make strategic exits in a few of its portfolio companies.