Kolkata has seen more than a change in name over the past decade or so. But what goes unnoticed is the small yet consistent deal activity in the city with around a dozen private equity investments in city-based firms every year.
The city clocked around 10 PE investments during FY12 worth $330 million as per VCCEdge, the data research platform of VCCircle. This was spread across sectors, such as financial services, manufacturing, power, IT and tea. Over the last decade, Kolkata has clocked around 100 PE investments worth $1.3 billion.
To throw light on the business opportunities and how entrepreneurs are sidestepping the stereotype image of the city to grow their business, VCCircle is bringing the second edition of State Investment Forum in Kolkata. The investment forum, scheduled for July 19 at the Taj Bengal hotel, will see more than two dozen speakers from the PE/VC community, entrepreneurs, bankers, CEOs and CFOs, debating and discussing emerging opportunities for investment and entrepreneurship across eastern India.
Some of the speakers who will share their thoughts and perspectives include Chandra Shekhar Ghosh (CMD, Bandhan Financial Services), Alok Roy (CMD, Medica Synergie Pvt Ltd), Hetal Gandhi (MD, Tano India Advisors), Rakesh Sony (director, Motilal Oswal Private Equity), Sabahat S Azim (CEO, Glocal Healthcare Systems Pvt Ltd), Kannan Sitaram (operating partner, India Equity Partners) and PP Gupta (MD, Techno Electric & Engineering Company), among others.
The event will seek to highlight the deal pipeline that Kolkata offers for the alternative asset class, what the PE industry is looking for in Kolkata entrepreneurs and vice-versa, the sectors where the city has an early-mover advantage, tomorrow’s hottest sectors to bet on and how easy or difficult it is for city businesses to access PE/VC funding, etc.
The forum will kick off with a panel discussion on mapping Kolkata’s deal quotient by looking at the profiles of the city’s investible companies, M&A deal potential in Kolkata and the kind of sectors and investment stages that look attractive to the PE/VC community.
The investment forum will also include in-depth discussion on a few chosen sectors including manufacturing & engineering, agriculture and natural resources & mining.
It will also feature an address by a PE-funded first-generation entrepreneur talking about the overall experience – from the firm’s inception, early days & business model, significant milestones, private equity fundraising and scaling up to growth path and projections.
The event will also provide an opportunity for one-to-one interaction with India’s top PE investors in a special structured session, VCCircle Lounge. This is session is limited to select 10 companies and 10 investors.
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