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private equity

Partnership Meets Entrepreneurship

Our Private Equity business was founded with a vision to become the most respected mid-market focused alternate asset manager in India with a focus on providing growth capital and real estate private equity. Right from inception, Motilal Oswal Private Equity (MOPE) was visualized as an asset management platform for entrepreneurs by entrepreneurs. MOPE is managing and advising three growth capital and four real estate funds, with a combined corpus of approx. Rs. 4700 Cr. One of the few funds in India with a strong focus and presence in companies from Tier 2 & 3 towns.

 

 

MOPE was founded in 2006 to put the investment philosophy and acumen of MOFSL into action. From the outset, MOPE’s focus has been the mid-market segment, where there was an acute need of capital, and where the MOFSL brand had significant leverage.

CORE PRINCIPLES
What we look for in companies before investing is only an extension of our own value system. Therefore, what follows are the essential principles that guide our own organisation and investment strategy.

  1. Entrepreneurship
    MOPE strives to partner with entrepreneurial talents across sectors. We look for highly passionate, visionary, tenacious and committed entrepreneurs who have built excellent businesses. We consider ourselves as a fund for entrepreneurs by entrepreneurs. Our entrepreneurial approach is what differentiates us and an ability to work with Indian sensibilities allows us to connect with business leaders and build deep, enduring relationships with them. We seek to be a true valuable partner to the entrepreneurs we back.
  2. Business Excellence
    MOPE looks for businesses that have traits of excellence, have leadership potential, ability to scale up and are of high quality. We believe that management foresight, tenacity and quality of business operations, not intermittently but consistently form the foundations of business excellence. We endeavor to partner with excellent management teams and work with them to further enhance their companies.
  3. Transparency and integrity
    We continue to be guided by our core values of integrity and transparency in our investment process. We also maintain these values in the investments we make. We look for businesses and management teams with high level of transparency and integrity. These principles find relevance and application.

OUR BUSINESSES

  1. Growth Capital
    MOPE looks to invest in established mid-market businesses with strong growth characteristics, clear and mature business model and a leading market position. The private equity team has investing experience across sectors and over multiple economic cycles with an established track-record of successful exits. MOPE focuses on investments in consumer, financial services, life sciences and niche manufacturing sector but remain sector agnostic for relevant opportunities.

    • India Business Excellence Fund (IBEF)
      Raised in 2007 550 crore private equity fund invested in 13 companies; 9 full and 2 partial exits achieved till date.
    • India Business Excellence Fund II (IBEF - II)
      Raised in 2012 1,000 crore private equity fund fully invested across 11 companies.
    • India Business Excellence Fund II (IBEF - III)
      Raised in 2018 2,000 crore private equity fund, currently in deployment phase with investment in 2 companies till date
  2. Real Estate
    Motilal Oswal Real Estate (MORE), through its funds partners with credible and reputed developers across India's major cities, such as Mumbai, Delhi NCR, Bengaluru, Pune, Chennai & Hyderabad. The primary focus in these cities is mid-income residential projects. MORE is one of the very few real estate fund platform which straddles across secured debt, mezzanine capital and equity requirements of developers by nurturing strong relationship.

    • India Realty Excellence Fund (IREF)
      200 Crore domestic real estate fund focused on investing in residential projects.
    • India Realty Excellence Fund II (IREF - II)
      500 Crore domestic real estate fund intends to capitalise on the existing counter-cyclical opportunities in real estate.
    • India Realty Excellence Fund III (IREF - III)
      1,000 Crore domestic real estate fund intends to capitalise on the existing counter-cyclical opportunities in real estate.
    • India Realty Excellence Fund IV (IREF - IV)
      1,500 Crore domestic real estate fund primarily focused on investing in top 6 cities in India through early stage mezzanine / structured equity transactions.
Business Highlights
  • Strong portfolio of companies in consumer, financial services, pharmaceutical and manufacturing sectors.
  • Impressive track record of consistently making profitable exits and returning capital to investors.
  • IBEF has been awarded Private Equity (Mid-size Fund) Exit Performance of the Year 2017, by The IVC Association at the IVCA Conclave, 2018.
  • IREF II has been awarded the Best Real Estate Fund of the Year – Domestic at the CNBC – AWAAZ Real Estate Awards 2016-17.
people
  • Raamdeo Agrawal Chairman

    Raamdeo Agrawal is the man behind the strong research capabilities at Motilal Oswal Financial Services Ltd.


    He brings a very unique perspective of understanding the value drivers across industries and at the same time has a first-hand understanding of the challenges faced by small to mid-size companies as they scale their businesses. Mr. Agrawal’s belief in value investing forms the core of MOPE’s investment philosophy. He plays a very active role in investing process at MOPE. He plays a key role in developing macro investment themes, understanding strengths and weaknesses of specific companies, and indentifying superior management teams. Post investment, he provides key strategic inputs on strengthening the business model of portfolio companies.

    Mr. Agrawal specialises in equity research. He has been authoring the annual Motilal Oswal Wealth Creation Study since its inception in 1996. In 1986, he wrote the book ‘Corporate Numbers Game’, along with co-author, Ram K Piparia.

    He is an Associate of Institute of Chartered Accountants of India and also a member of the National Committee on Capital Markets of the Confederation of Indian Industry.

    He has also featured on `Wizards of Dalal Street on CNBC TV 18`.

    Mr. Agrawal has received the "Rashtriya Samman Patra" awarded by the Government of India for being amongst the highest Income Tax payers in the country for a period of 5 years from FY95–FY99.

  • Vishal Tulsyan MD & CEO

    Vishal Tulsyan joined MOFSL in 2006 and is the founder Managing Director & CEO, Motilal Oswal Private Equity (MOPE). Over the last 8 years’, he has built MOPE into a successful Private Equity Company in one of the most volatile economic environment.

    He has played a key role in driving MOPE’s success through organization-building skills, robust network and a keen understanding of strategic and financial business issues. Under his leadership MOPE is currently managing   2500 cr across Private Equity & Real Estate, and is one of the few Indian Funds who has shown successful exits.

    Vishal has more than 15 years of experience in financial services. At Rabobank, he was a director responsible for the origination and execution of structured finance, project finance, acquisition finance transactions, and private equity and M&A products.

    Vishal is a member of the Institute of Chartered Accountants of India (all-India rank holder) and was a top ranking student of the prestigious St. Xaviers College, Kolkata.

  • Vishal K Gupta Director

    Vishal Gupta joined MOPE Investment Advisors Private Limited in June 2008. He has over 10 years of experience in fund management, investment banking, credit rating and corporate development. Before being part of MOPE, he worked as an Associate Director at UBS Investment Bank, New York where he executed several M&A transactions for financial services companies in areas of insurance, financial technology, speciality finance, alternative asset managers and bank holding companies. Vishal has developed a wide global business perspective, deep domain understanding of financial services and has strong relationship building skills.

    AT MOPE Investment Advisors Private Limited, Vishal is involved in fund raising, investing and portfolio monitoring. He represents the Fund on the board of directors of AU financiers. He is also associated with Dixon Technologies.

    Vishal earned an MBA from the University of Chicago and a Bachelors degree in Mechanical Engineering from Aligarh Muslim University.

  • Sharad Mittal Director & Head - Real Estate Fund, Motilal Oswal Real Estate

    Sharad has over 16 years of rich experience in real estate investing and fund raising. He joined Motilal Oswal Real Estate (MORE) in 2013, spearheading the firm’s real estate fund business.

    Prior to joining MORE, Sharad was with ICICI Prudential AMC where he was Vice President (Real Estate Investments), leading the commercial rental office fund and mezzanine fund. At ICICI Prudential he also successfully led the fund raising initiative, raising   1,300 crore across two funds. He has also worked with ASK Property Investment Advisors and ICICI Bank Ltd.

    Sharad is a Chartered Accountant and holds a Bachelor degree in Commerce degree from Delhi University.