Introduction

VCCircle FinServ Summit 2019
Opportunity in the middle of a perfect storm

The Indian financial services sector has been enjoying a natural growth momentum even as the economy swung from highs and lows of global crises over the past decade. Not surprisingly, it has been one of the favourite sectors for private investors to bet on and has generated alpha for almost every PE firm that has built an exposure to the sector.

The financial services sector has attracted over $40 billion of private equity money over the last two decades, accounting for around a sixth of total private investments in the country, according to VCCEdge, the data research platform of Mosaic Digital. It received more than $4 billion in the past 12 months alone and was voted as the favourite sector by top PE executives in the VCCircle annual survey for 2019.

However, the sector has been in the midst of high turbulence over the last two years. While banks were laden with bad loans, non-banking financial companies (NBFCs) were seen as a big opportunity. But over the past 12 months the narrative has changed, with the bank NPA problem being overshadowed by the liquidity issues of NBFCs and apprehensions about the country’s shadow banking system at large.

There have also been disappointments about some emerging segments like payments bank. And even though fintech has become the new mascot of opportunity in the sector, it is yet to create winners who have shown they can conquer more than one or two verticals while building a scalable sustainable venture.

Nevertheless, the industry has seen a lot of corporate activity across its various branches over the past few months.

To gauge the new opportunities and to get a reality check on the issues that are holding back the sector from gathering speed, Mosaic Digital, the corporate banner behind VCCircle, is organising its next edition of FinServ Summit at Hotel ITC Maratha in Mumbai on 28th August, 2019.


Agenda

08:15am - 09:30am
Registration and Networking

09:30am - 09:40am
Opening Address

By Jaideep Mehta, CEO, Mosaic Digital

9:40am - 10:00am
Keynote: How to de-risk the NBFC business model

By Rajiv Sabharwal, MD, Tata Capital

10:00am - 10:45am
Panel Discussion: Liquidity crunch
Until recently, NBFCs were the darling of investors. But widespread concerns have risen suddenly. How deep is the rot in the NBFC space? How to stop it from becoming a contagion? Which areas are especially vulnerable? What risk measures need to be adopted to make sure the NBFC story doesn’t get derailed?

R Sridhar, Executive Vice Chairman & CEO, Indostar Capital
Sumit Bali, CEO, IIFL Finance
Bama Balakrishnan, CFO, Northern Arc
Moderator: Beena Parmar, Special Correspondent, VCCircle

10:45am - 11:00am
Special Address on Retail Lending Outlook & FinTechs
The session would provide a basic overview of the current industry dynamics with a specific focus on the impact of the FinTech segment within the Personal Loan industry.

By Yogendra Singh, Head - Data Science and Analytics, TransUnion CIBIL Limited

11:00am - 11:30am
Networking over Tea/Coffee

11:30am - 11:50am
Special address on Fintech

By Suniti Nanda, Fintech Officer, Government of Maharashtra

11:50am - 01:00pm
Panel Discussion: Fintech - Where does the real scalable opportunity reside
Fintech has been the buzzword in the venture capital field for some time now. But the opportunity set is changing as scalable wallets failed to make a dent as payments banks and building a sustainable business outside of cashbacks became a challenge. A whole host of new businesses straddling borrower assessments, lending, insurance and more have emerged. What is the experience of the early winners and how does the outlook on the future of fintech look like?

Track 1: B2B
11:50 – 12:25 Hrs.

Gaurav Kumar, Founder & MD, Vivriti Capital
Alok Mittal, Co-Founder & CEO, Indifi Technologies
Mandar Agashe, Founder & Vice Chairman, Sarvatra Technologies
Shilpa Mankar Ahluwalia, Partner, Shardul Amarchand Mangaldas & Co.
Moderator: Bruhadeeswaran R, Assistant Editor, VCCircle

Track 2: B2C
12:25 – 13:00 Hrs.

Satyam Kumar, Co-founder & CEO, LoanTap
Dr. Bhaskar Dasgupta, Financial Centre Development Associate Director - Financial Services Regulatory Authority, Abu Dhabi Global Market
Moderator: Saurabh Sinha, Joint Vice President & Business Head – FinTech, Telecom & Specified Users, TransUnion CIBIL Limited

01:00pm - 02:00pm
Networking Lunch

02:00pm - 02:40pm
Panel Discussion: Insurance - Emerging picture
The insurance sector was seen as a playground of multinational firms with a short-term partnership with local companies till FDI norms were sorted. However, the sector has evolved very differently and in many cases it is the local partner that has taken over the reins. What’s more, even PE firms see this as an area where they can (jointly) build an exposure. How will the sector shape up in the next decade?

Dr. S Prakash, Joint Managing Director, Star Health Insurance – India
Roopam Asthana, CEO, Liberty General Insurance
Rakesh Jain, CEO, Reliance General Insurance Company Limited
Moderator: Bruhadeeswaran R, Assistant Editor, VCCircle

02:40pm - 03:20pm
Panel Discussion: Private Credit
It is seen as an alternative to NBFCs as a model of investment and capturing the market vacated by banks. How does the economics of a credit fund work and how is the risk and reward balanced? What’s the experience of private credit funds in other markets and what lessons can be drawn while sketching it as a big asset class for the future?

Karan Bhatia, CEO, LendEast
Rohit Gulati, CEO, UTI Capital
Anupam Goenka, MD – Credit, Baring Private Equity Asia
Balamurugan IAS, Managing Partner, Anicut Capital
Moderator: Ranjani Raghavan, Associate Editor, VCCircle

03:20 - 03:40pm
Networking over Tea/Coffee

03:40 - 04:00pm
Fireside Chat on Fintech: A Regulatory Perspective

Anu Tiwari, Partner, AZB & Partners in conversation with Jaideep Mehta, CEO, Mosaic Digital

04:00pm - 05:00pm
Start-up Exchange 1: FinTech. LIVE
A curated platform that brings together a set of handpicked innovative finserv start-ups making an elevator pitch to select jury of angel investors & VCs.

Jury Members:
Karthik Prabhakar, Executive Director & Global Head of Fundraising, Chiratae Ventures India Advisors
Varun Malhotra, Principal, Quona Capital

05:00pm onwards
Closing Remarks and End of Conference


Speakers

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Rajiv Sabharwal

MD & CEO, TATA Capital
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R Sridhar

Executive Vice Chairman & CEO, Indostar Capital
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Sumit Bali

CEO and Executive Director, IIFL Finance
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Rakesh Jain

Chief Executive Officer, Reliance General Insurance Company Limited
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Suniti Nanda

Fintech Officer, Government of Maharashtra
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Bama Balakrishnan

Chief Finance Officer, Northern Arc Capital
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Roopam Asthana

CEO, Liberty General Insurance
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Dr. S Prakash

Joint Managing Director, Star Health Insurance - India
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Rohit Gulati

CEO, UTI Capital
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Dr. Bhaskar Dasgupta

Financial Centre Development Associate Director - Financial Services Regulatory Authority, Abu Dhabi Global Market
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Gaurav Kumar

Founder & MD, Vivriti Capital
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Karan Bhatia

CEO, LendEast
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Alok Mittal

Co-Founder & CEO, Indifi Technologies
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Mandar Agashe

Founder & Vice Chairman, Sarvatra Technologies Pvt. Ltd.
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Saurabh Sinha

Joint Vice President & Business Head - FinTech, Telecom & Diversified Markets, TransUnion CIBIL India
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Satyam Kumar

CEO & Co-founder, LoanTap
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Yogendra Singh

Head of Data Science & Analytics, TransUnion CIBIL
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Anupam Goenka

MD - Credit, Baring Private Equity Asia
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Anu Tiwari

Partner, AZB & Partners
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Shilpa Mankar Ahluwalia

Partner, Shardul Amarchand Mangaldas & Co.
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Balamurugan IAS

Managing Partner, Anicut Capital

FinTech. LIVE Jury

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Karthik Prabhakar

Executive Director & Global Head of Fundraising, Chiratae Ventures India Advisors
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Varun Malhotra

Principal, Quona Capital

Sponsors


Want to be part of it?

VCC Events opens up the avenues for participation. Join hands to be a part of India’s largest gathering of alternative investments leaders, industry stakeholders and Asia’s influential limited partners, general partners and marquee advisors. Your chance to actively participate and augment yourself as thought leaders.


Venue :

ITC Maratha, Mumbai

Date: August 28, 2019
Venue: ITC Maratha, Mumbai


Do you have any queries?

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