Mumbai, 16th July 2018: Motilal Oswal Private Equity Advisorsis pleased to announce the appointment of Mr.Bharat Kedia as its Chief Operating Officer (COO). His appointment will beinstrumental in supplementing operational efficiencies in Private Equity aswell as in Real Estate businesses.
Mr. Kedia hastotal corporate exposure of over 25 years. Prior to MOFSL, he has worked withZee Entertainment Enterprises Limited as Chief Financial Officer. In additionto this, he has worked with esteemed organizations like Parag Milk FoodLimited, Publicis Groupe India, Coca Cola HBC SA, United Beverages, BDHIndustries and Kansai Nerolac Paints earlier in his career.
Mr. Kedia isa Chartered Accountant and also holds a degree in Company Secretary.
Commenting onthis announcement, Mr. Vishal Tulsyan, Managing Director and CEO of MOPEsaid, “I am pleased to inform you about the appointment of Mr. Bharat Kediaas the COO of our Company. With his proven track record and his deepunderstanding towards varied sectors we are confident to turn our strategicinitiatives into a new level of excellence. He has joined us at very excitingtimes when we are amidst of fund raising for our fourth fund of real estate.With this appointment, we have further strengthened our leadership and I amconfident that this will give a bigger growth momentum to the Company.”
AboutMotilal Oswal Private Equity
MOPE Investment Advisors PrivateLimited (MOPE) is a subsidiary of Motilal Oswal Financial Services Limited(MOFSL), a diversified financial services group with businesses in Securities,Asset Management, Private Equity and Investment Banking. MOPE is currentlymanaging three growth capital funds i.e. India Business Excellence Fund (IBEF),India Business Excellence Fund II (IBEF II) and India Business Excellence FundIII (IBEF III) focused on providing growth capital to mid-market companies,typically in the range of INR 100 – 300 Crore, across sectors. IBEF, launchedin 2007 is an INR 550 Crore (US$115 million) fund and is fully invested inthirteen portfolio companies across sectors such as food processing, bulkpackaging, power transformers and power infra enablers,
ITES, financial services, EMS, FMCG,auto components, etc. Out of the thirteen investments it has already madeeleven exits. IBEF II, launched in 2012 is an INR 1,000 Crore (US$155 million)and is fully invested in eleven portfolio companies across sectors such asfinancial services, life sciences, niche manufacturing and consumption basedsectors. On the back of its success of IBEF and IBEF II, MOPE is in the processof raising IBEF III, which is targeted to be an INR 2,000 Crore (US$325million) fund. The third close of the fund has already been done at ~INR 1,714Crore. Currently, investments are being made through IBEF III.
For further details contact:
Rohini Kute
Head of Corporate Communications, Motilal Oswal Financial Services
Mob +91 9820196838
Mail: rohini.kute@motilaloswal.com |
Alpesh Nakrani
Paradigm Shift Public Relations
Mob +91 98691 21167
Ph- +91 22 2281 3797 / 98 |