The illustrative examples from the portfolio are as under:
Roots Corporation Limited (Ginger Hotels)
RCL operates Ginger Hotels, which is India's leading budget hotel chain with a disproportionate market share in the economy segment. Ginger is the pioneer in the economy segment having revolutionized the Indian hospitality landscape with value offerings to the customer through the philosophy of smart basics. The company is on course to multiplying its room inventory in the coming years.
Industry : Hospitality
Transaction Date : 2012
Website : http://www.gingerhotels.com/
Incorporated in 2004, Tata Sky, a joint venture between Tata Sons and 21st Century Fox, is the market leader in the Indian Direct-to-Home (DTH) satellite television industry in Revenue, Subscriber numbers and Average Revenue Per User (ARPU). Tata Sky has differentiated itself through technological and service superiority by offering industry leading services like High Definition content, Value Added Services (VAS) and Over-the-Top (OTT) streaming. The DTH industry is expected to benefit from the Indian government¿s regulation on mandatory digitization, and given Tata Sky's strong brand presence among DTH players the company appears poised for strong growth.
Industry : Media
Transaction Date : 2013
Website : http://www.tatasky.com/
Varroc Engineering Private Limited
Varroc is one of India's largest unlisted auto parts manufacturers with a diversified product portfolio spanning lighting systems, plastics/ polymers, metal forgings, engine valves and electrical parts. The company is a leading auto component manufacturer in the domestic market, along with a significant presence in the global lighting segment.
Industry : Automotive Parts
Transaction Date : 2014
Varroc has a significant presence in the Indian motorcycle and scooters market with a growing franchise in passenger cars and commercial vehicles. The company's lighting division, Varroc Lighting Systems (formerly a division of Visteon Corporation) is one of the largest global manufacturers of lighting systems servicing marquee OEMs including Jaguar Land-Rover, Ford, General Motors, Volkswagen, Tesla, Chrysler and Bentley among others.
With USD 1.15 billion in revenue in FY13-14, Varroc has an extensive global footprint with 35 manufacturing plants and 8 technical development centers located across 10 countries.
Website : http://www.varrocgroup.com-/
Shriram Properties Private Limited
Shriram Properties, part of the renowned Shriram Group, is one of the leading residential housing developers in South India. Shriram Properties was established in 1995 with the aim of providing good quality, value-for-money housing for mid-market customers. The company is today a focused mid-market property developer with presence in Bengaluru, Chennai, Visakhapatnam, Coimbatore, Kolkata and Hyderabad.
Industry : Real Estate
Transaction Date : 2014
The company has so far (till early 2014) developed over 10 million square feet of residential space across 24 projects, with an additional 50 million square feet of space under development across 30 projects. The Shriram Group manages over USD 15 bn in assets across diversified businesses including financial services, real estate, renewable energy, manufacturing and IT services.
Website : http://www.shriramproperties.com/
TVS LSL, a company that was carved out of TVS & Sons in 2004, is a diversified Third Party Logistics ("3PL") global company with operations across India, UK, the USA, Europe and South East Asia.
Industry : Logistics
Transaction Date : 2015
TVS LSL has offices in 8 countries and provides services globally in over 50 countries with more than 100 blue chip customers. TVS LSL offers complete logistics solutions, specializing in warehousing, distribution, and in-plant logistics. TVS has been considered as the best choice for low cost sourcing and complete logistics management for the automotive and auto component industries in India. Over the years, TVS LSL has substantially widened its service capabilities like last mile delivery, demand forecasting and technology logistics through its key overseas acquisitions such as Rico Logistics (UK) and Multipart (UK). In 2015, TVS LSL acquired Drive India Enterprises Solutions Limited (DIESL) from the Tata group. DIESL is a 3PL company in India with a strong presence in the consumer durable sector. Through the combination of DIESL, TVS has revenues of INR 4,000 cr (~USD 600 million) with warehousing space in excess of 10 million square feet pan-India.
Website : http://www.tvslsl.com/tvs/
Established in 1979, Tata Projects is a leading pure-play Engineering Construction company (EPC services) of the Tata Group, and one of India's fastest growing infrastructure companies. The company has expertise in executing large and complex industrial and urban infrastructure projects and enjoys leadership positions in the power generation BOP (balance of plant) and power transmission segments.
Industry : Infrastructure (EPC)
Transaction Date : 2015
It also provides turnkey solutions to set up fully integrated rail and metro systems (like the Dedicated Freight Corridor, Delhi Metro etc), commercial buildings, airports, chemical process plants, water and waste water management solutions, complete mining and metal purification systems. EPC companies are expected to be early beneficiaries of an increase in capital spending in India. With Tata Projects proven execution capabilities - embellished through global partnerships with Mitsui, Brookfield Multiplex, Ansaldo, Aldesa, Mitsubishi Heavy Industries, Danieli Corus etc. - and a robust balance sheet (low debt), the company is well placed to garner a material share of new market opportunities. As of June 2015, the company was executing from an active order-book of over USD 2.5 billion with a trailing 12 month revenue of over USD 550 million.
Website : http://www.tataprojects.com/
Founded in 2009, Uber is evolving the way the world moves. By seamlessly connecting riders to drivers through its platform, Uber makes cities more accessible, opening up more possibilities for riders and more business opportunities for drivers.
Industry : Technology
Transaction Date : 2015
With launches in over 330 cities in 60 countries as of August 2015, Uber's rapidly expanding global presence continues to bring people and their cities closer.
Website : http://www.uber.com/
Fincare group provides microfinance loans, microenterprise loans and bank partnership loans, serving households, businesses and banking institutions in rural and semi-urban India. Disha Microfin Limited, a Fincare group company, was granted in-principle approval by the Reserve Bank of India in 2015 to set up a Small Finance Bank.
Industry : Financial Services
Transaction Date : 2017
The Fincare platform as of February 2017 had around INR 1,700 crore in Assets Under Management (AUM). Fincare is headquartered at Bangalore and serves over 10 lakh customers in seven states across West and South India. Fincare is amongst the 10 players (out of 72 applicants) selected by the RBI for an SFB license in October 2015. Fincare is a rural-centric financial inclusion platform, and has been one of the highest performing microfinance businesses in India - underscoring the high demand for financial products in the rural segment.
Website : http://www.fincare.com/
Fund in the news
- Financial Inclusion Platform Fincare Closes INR 500 Crore Transaction Know more
- An interview with Mr Vinayak Deshpande, MD - Tata Projects Know more
- Tata Opportunities Fund Invests in Uber Technologies Inc. Know more
- Tata Opportunities Fund invests USD 55mn in Tata Projects Know more
- TVS Logistics partners with Tata Opportunities Fund to acquire DIESL Know more
- Tata Opportunities Fund invests USD 80mn in Shriram Properties Know more
- Tata Opportunities Fund makes investment in the Varroc Group Know more
- Tata Opportunities Fund to buy 5% stake in Tata Sky Know more
- Tata Capital Fund raises $600-mn pledge from foreign investors Know more
Portfolio News & Articles
- More than growth
Private Equity International - June 2014