SHAKTHI KAMAL (27112) SHASHANK HEGDE (27113)

A BRIEF INTRODUCTION
y Singapore based PE Firm y India Operations: Nalanda India Fund y Main Investors: US Endowments and Foundations

& US and European Family Offices y Strategy: PIPE (Private Investments in Public Equity (Listed Companies)) Model y Nalanda typically buys shares in multiple lots and tends to pick up 7-8% in any company they invest in y Prefers Board seats

EMMINENT PROMOTERS
y Founder: Pulak Prasad, Former Warburg Pincus India y y y y y

MD Anand Sridharan (Principal analyst) Ashish Patel (CLO) A.N. Seshadhri (CA) Mukund Dhondge Gaurav Kothari

INVESTMENT APPROACH
y Nalanda team believes that the right long term investing model for India is to apply the private equity discipline in the public markets y Focus on Listed Indian SMEs y Long term fundamental investing: Avoids too much diversification of portfolio y Proprietary Idea Generation: Analysis of lesser known Business Ideas & getting leads from professional contacts y Passively Active Style of Investing y Rigorous Screening Process: Strategy, M&A, corporate and financial structure y Closely follows Parent warburg!

INDIA FUND VALUES

y I India Fund closed at $400 Million (April

2007)
y II India Fund closed at $475 Million (May

2011)

NALANDA S PORTFOLIO
y y y y y y y y y y y y y

2.4% stake in Aztecsoft 8.75% in Voltamp Transformers 9.9% in Mastek Ltd 2.23% in V-Guard 5.1% in Ratnamani Metals 19.9% ($35 Million) in Vaibhav Gems Triveni engineering & Industries 10% in Page Industries (Jockey Franchise) 8.4% in Mind Tree 1.4% in Ahluwalia Contracts Berger paints Carborundum Universal Abraizing Company Kewal Kiran Clothing Ltd

SUCCESSFUL EXITS
y Heavily Invested during 2008 downturn y SUN TV: 2.22% with 5x returns at over Rs.300 Crores y Page Industries: 4.5x returns from Rs.440/share to

Rs.1917/share (Still Invested) y Kirloskar Oil Engines: 6.8% with 4x returns y WNS BPO: 12.3% at $100 Million (Lower Returns)

ANY QUESTIONS?

THANK YOU