FMS Investment Bankers' Conclave: Panel throws light on challenges and opportunities of fund raising

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Updated on July 24, 2016
The industry experts, while discussing the issue of ‘Capital raising in the 21st Century’ at Investment Bankers’ Conclave organized by Faculty of Management Studies (FMS) Delhi,

highlighted the fact that the mindset of today’s investors has undergone change with changing Indian economy and businesses.

Noticing the trends, Mr Subir Gokarn, Executive Director and Chief Economist, CRISIL said, “Nature of Indian economy and business has undergone change. Today we are seeing new products, new processes and business strategy. Investment environment is also undergoing changes accordingly.”

The speakers for the session were Mr Kanwaljit Singh, Managing Director, Helion Ventures, Mr Satish Mandhana, Managing Director, Investments IDFC Private Equity, Mr Tashwinder Singh, Head Assets, Commercial Banking CitiBank, and Mr Akhil Awasthi, Partner Baring Private Equity Partners.

Mr Akhil Awasthi, Partner Baring Private Equity Partners, while highlighting the challenges in the investment climate said, “Obsolescence of the current business model is a big challenge. World of business has become a very dynamic place and that poses challenges for investors to pick the right long-term business model.”

Outlining the recent rise of venture funding in India, Mr Kanwaljit Singh, Managing Director, Helion Ventures, said, “Today’s investors look for founders of the companies who have knowledge, technical skills, execution skills and passion to build the business.” Adding to his point Mr Satish Mandhana, Managing Director, Investments IDFC Private Equity, emphasized, “Earlier investors look for assets and collaterals, but now investors look for idea, passionate people, and integrity.”

Drawing focus of the panel to India’s vast fund requirements, Mr Tashwinder Singh, Head Assets, Commercial Banking CitiBank, said, “To meet its growth-plans as per 11th Five Year plan, India needs $875 billion. About $550 billion is required in the area of infrastructure, and $220 billion is required by corporates for their expansion.” Highlighting the role of Debt market, Mr Singh added, “Of the $875 billion, private equity and venture capital will supply only $10 billion. Debt market has a significant role to play.”

India's leading management portal MBAUniverse.com was the media partner FMS Investment Bankers' conclave.