NALANDA CAPITALSHAKTHI KAMAL (27112)

SHASHANK HEGDE (27113)

A BRIEF INTRODUCTIONSingapore based PE FirmIndia Operations: Nalanda India FundMain Investors: US Endowments and

Foundations & US and European Family Offices

Strategy: PIPE (Private Investments in Public Equity (Listed Companies)) Model

Nalanda typically buys shares in multiple lots and tends to pick up 7-8% in any company they invest in

Prefers Board seats

EMMINENT PROMOTERSFounder: Pulak Prasad, Former Warburg

Pincus India MDAnand Sridharan (Principal analyst)Ashish Patel (CLO)A.N. Seshadhri (CA)Mukund DhondgeGaurav Kothari

INVESTMENT APPROACHNalanda team believes that the right long term

investing model for India is to apply the private equity discipline in the public markets

Focus on Listed Indian SMEsLong term fundamental investing: Avoids too much

diversification of portfolioProprietary Idea Generation: Analysis of lesser known

Business Ideas & getting leads from professional contactsPassively Active Style of InvestingRigorous Screening Process: Strategy, M&A, corporate

and financial structureClosely follows Parent warburg!

INDIA FUND VALUES

I India Fund closed at $400 Million (April 2007)

II India Fund closed at $475 Million (May 2011)

NALANDA’S PORTFOLIO2.4% stake in Aztecsoft8.75% in Voltamp Transformers9.9% in Mastek Ltd2.23% in V-Guard5.1% in Ratnamani Metals19.9% ($35 Million) in Vaibhav GemsTriveni engineering & Industries10% in Page Industries (Jockey Franchise)8.4% in Mind Tree1.4% in Ahluwalia ContractsBerger paintsCarborundum Universal Abraizing CompanyKewal Kiran Clothing Ltd

SUCCESSFUL EXITSHeavily Invested during 2008 downturnSUN TV: 2.22% with 5x returns at over

Rs.300 CroresPage Industries: 4.5x returns from

Rs.440/share to Rs.1917/share (Still Invested)Kirloskar Oil Engines: 6.8% with 4x returnsWNS BPO: 12.3% at $100 Million (Lower

Returns)

ANY QUESTIONS?

THANK YOU