The debut edition of VCCircle Awards came to a glittering finale in Delhi on Tuesday, bringing together top-performing PE & VC-backed companies in India, as well as investors, lawyers and investment bankers, who came out on the evening of the Valentine’s Day to show their love for the bustling PE/VC ecosystem in the country. The awards will now be an annual feature to recognise and celebrate the impact of PE and VC on Indian businesses.
The awards were given across sectors in venture capital and private equity categories besides recognising the intermediaries – the law firms and the investment banks for their work in private equity space in 2011.
An expert jury, comprising industry veterans, academicians and consultants, judged the winners. Jury members Arun Duggal (chairman of Shriram Capital Ltd), Luis Miranda (former chairman of IDFC Private Equity), Sri Rajan (Partner at Bain & Co) and Dr Ajay Shah (professor, National Institute for Public Finance and Policy) selected the most outstanding Indian companies who had not only recorded exceptional growth in their respective industries but also had a long-standing impact on the economy in general.
The companies who had secured at least one round of funding between 2007 and 2011 were considered for this year’s awards.
Here goes the list of winners(and their investors):
Best PE-backed Consumer Product/Service Company: Café Coffee Day Holdings (New Silk Route Partners, Standard Chartered Private Equity, Kohlberg Kravis Roberts & Co. )
Other nominees: Shakti Bhog Foods Ltd, Genesis Colors Pvt Ltd and Tirumala Milk Products Pvt Ltd.
Best PE-backed Financial Services Company: AU Financiers India Pvt Ltd(Motilal Oswal Private Equity Advisors, International Finance Corp., Warburg Pincus)
Other nominees: Angel Broking Ltd, Bandhan Financial Services Ltd and Repco Home Finance Ltd.
Best PE-backed Healthcare Service Company: Dr. Lal PathLabs Pvt Ltd(Sequoia Capital India,TA Associates Advisory)
Other nominees: Arch Pharmalabs Ltd, Fortis Healthcare India Ltd and Narayana Hrudayalaya Pvt Ltd.
Best PE-backed Infrastructure Company: Saisudhir Infrastructures Ltd(Global Environment Fund,Ventureast Fund Advisors India, BTS Investment Advisers)
Other nominees: AMR Constructions Ltd, GPT Infraprojects Ltd and Hythro Power Corporation Ltd.
Best PE-backed IT Company: Trimax IT Infrastructure & Services Ltd(Zephyr Peacock Management India, Banyan Tree Capital Advisors)
Other nominees: Glodyne Technoserve Ltd, Spanco Ltd and Intelenet Global Services.
Best PE-backed Manufacturing Company: Endurance Technologies Pvt Ltd (Actis, Standard Chartered Private Equity)
Other nominees: PME Power Solutions India Ltd, Regen Powertech Pvt Ltd and Tecpro Systems Ltd.
Best PE-backed Media & Communications Company: Real Image Media Technologies Pvt Ltd(Intel Capital,Nomura Holdings)
Other nominees: Matrix Cellular International, Microqual Techno and UFO Moviez India Ltd.
Best VC-backed Consumer Internet Company: Flipkart Online Services Pvt Ltd(Tiger Global Management, Accel India Management)
Other nominees: Awari Technologies Pvt Ltd, Consim Info Pvt Ltd and Yatra Online Pvt Ltd.
Best VC-backed Consumer Service/Product Company: Nashik Vintners Pvt Ltd(Verlinvest, Everstone Capital Management, GEM India Advisors)
Other nominees: Bakers Circle India Pvt Ltd, Carnation Auto India Pvt Ltd and Suminter India Organics Pvt Ltd.
Best VC-backed Healthcare Services Company: MedPlus Health Services Pvt Ltd( India Venture Advisors, TVS Capital Funds, Mount Kellett Capital Management, Arcapita Private Equity, IndoUS Capital Advisors, Peepul Capital)
Other nominees: Nova Medical Centers Pvt Ltd and Vaatsalya Healthcare Solutions Pvt Ltd.
Best VC-backed IT Company: Prizm Payment Services Pvt Ltd(Sequoia Capital India,Equirus Capital)
Other nominees: Manthan Software Services Pvt Ltd, NetMagic Solutions Pvt Ltd and UnitedLex Corporation.
Best VC-backed Media & Communication Company: Just Dial Ltd (SAIF Advisors,Tiger Global Management,Sequoia Capital India,SAP Ventures)
Other nominees: Ad2Pro Media Solutions Pvt Ltd, Interactive Avenues Pvt Ltd and One97 Communications Ltd.
Investment Bank of the Year – Private Equity: Ernst & Young
Other nominees: Avendus Capital and o3 Capital Advisors.
Law Firm of the Year – Private Equity: Amarchand & Mangaldas & Suresh A Shroff & Co
Other nominees: AZB & Partners and Induslaw.