Motilal Oswal Private Equity on Friday announced that a fund managed by it has made an investment of Rs 194.4 crore or $25 million in Pathkind Diagnostics for an undisclosed stake.
Aims to scale business to Rs 2,000 crore in revenue over the next 4 years
'Repo rates are at a 16 year low and this can bring the much needed stimulus to the sector, both at the retail and wholesale levels, if banks pass on the benefit to borrowers'
India Business Excellence Fund - III, funds managed or advised by Motilal Oswal Private Equity (MOPE) has committed Rs 2 billion to Ludhiana-based forging and machining firm Happy Forgings Ltd. MOPE is expecting the company to grow by 25-30 per cent in the next few years.The company is claimed to be one of the largest suppliers for forged and machined transmission and engine components to the automotive sector. The funds will be utilized for Greenfield Expansion and Addition of new forging presses. MOPE has raised around Rs 23 billion ($325 mn) for its IBEF III fund, from which this investment has been made. Established in 1979 by Paritosh Kumar Garg, the Company manufactures components including crankshaft, a safety critical component for automotive industry. Its product range also includes steering knuckles, transmission gears, suspension assemblies, locomotive parts etc. The Company has a forging capacity of 60,000 MT and machining capacity of 20,500 MTwhich helps serve customers ..
Kedia has previously worked with Zee Entertainment Enterprises Limited as Chief Financial Officer
India Business Excellence Fund - II and India Business Excellence Fund - IIA, funds managed and/or advised by MOPE Investment Advisors Private Limited ("MOPE"), have committed to invest Rs 100 crore for a minority stake in Chennai-based Updater Services Pvt. Ltd. (UDS). UDS is engaged in the business of providing integrated business services (IBS) to clients across the country. This is the third round of private equity investment in the Company, which has previously seen investors like New Vernon Private Equity and ICICI Ventures investing in 2004 and 2008, respectively.UDS claims itself is amongst the top five Integrated Facilities Management (IFM) service providers in the country. It has operations across the country with a very strong presence in south India, and caters to more than 700 clients across industries such as IT/ ITeS, BFSI, e-commerce, etc., including some of the marquee names in IT and BFSI industry.RaghunandanaTangirala, Managing Director of Updater Services said ...