The stock markets are at a two-year low. The US and European markets have been in a turmoil, and the global economy is feared to be moving into a recession. There is a liquidity crunch so much so that even banks are borrowing at exorbitant rates.
Companies are looking at cutting costs. Some have begun downsizing. The policymakers world over are on an action drive. There is a concerted move from central banks of all major countries to cut interest rates. The governments have come up with bailouts of billions of dollars to save their financial institutions. The markets are in a flux. In short, the economy has got everyone down in the dumps.
...But Not Out
Is it the time to withdraw into the cocoon of despair and do nothing about it? It's not. It's just that you need to respond to the changing market realities appropriately. Fund raising in the current environment has gotten only tough, but not impossible. The deals may have come down, but they are indeed happening. There are funds still sitting with cash and looking for deals in this downmarket.
So it's not the time for inaction, but action. It's not the end of the road, but just a sharp turn which you need to navigate carefully.
VCCircle is organising its first conference in Hyderabad - Growth Capital Forum: "Investing In A Perfect Storm", which will discuss all this and much more. The conference is presented by India Value Fund, a leading Indian private equity fund with $600 million under management. Co-sponsors include UTI Ventures and TVS Capital, while associate sponsors include Evolvence India Life Sciences Fund, o3 Capital and RCS Group.
Date: Thursday, November 13, 2008
Time: 10 AM to 6 PM
Location: Taj Krishna, Hyderabad
Attendee fee: Rs 4,000 per head.
Early birds discount: 20% (Rs 3,200) Available only for a limited period.
Atul Kapur - Managing Director, Indivision Capital
Shailesh Pathak - Senior Director, ICICI Venture
K.V. Ramakrishna - Director and Partner, Kotak Private Equity
Sudhir Sethi - Chairman & Managing Director, IDG Ventures India
Mukund Krishnaswami, Founder and Managing Director, Lighthouse Funds
Aluri Srinivasa Rao - Managing Director, Private Equity, Morgan Stanley
Gopal Srinivasan - Chairman, TVS Shriram Growth Fund
Hari Buggana - Managing Director, Evolvence India Lifesciences Fund
Ravi Adusumalli - General Partner, SAIF Partners
Deepak Shahdadpuri - Managing Director, Baer Capital Partners
Vishal Sharma - Founder & Managing Director, Tuscan Ventures
George Thomas - Managing Partner, India Value Fund
Jimmy Mahtani - Head, India Investments, Baring Asia
Dr Jasmin Patel - Managing Director, Fidelity International
Abhijit Roy - COO & Director, Totem Infrastructure
Praveen Chakravarty - COO, BNP Asia Securities
Cyrus Driver - Director, Helix Investments
Find out what the brightest minds in Indian private equity and business have to say about dealmaking in a downturn. How long will the slowdown last? Does that mean a slowdown in deals? Is enough capital available for India Inc? How do companies raise capital to roll out
their products or expand their businesses so they are ready to take advantage of an upturn? What are the innovative financing and deal making models available in the current environment?
The full day conference will see more than a dozen eminent speakers sharing their minds on these crucial questions. Then there are sector specific panels on education, healthcare and infrastructure and related services.
Andhra Pradesh has been one of the largest drawer of private equity funds in the last two years. The state has received more than $1 billion in private equity investments in more than 15 deals in the last two years. The sectors that attracted capital include infrastructure, construction, engineering, healthcare and pharma, IT/ITES, education and microfinance. The city will now see one of the largest confluence of private equity investors through VCCircle's Growth Capital Forum on November 13.
Register your seat today.
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