Introduction

VCCircle India Limited Partners Summit 2013

 

Year 2012 has been much more challenging for PEs than the previous year as exits improved but deals slipped. India's economy grew at its slowest pace in nine years, the rupee became the worst performing currency in Asia this year, inflation remains high and industrial production has stalled. The economic problems were compounded by regulatory uncertainties related to measures like GAAR (General Anti Avoidance Rules). This has downgraded India as an asset class among LPs and has reflected on fundraising.

 

With the latest market feedback, it appears Indian PE has finished the phase of correction of LPs return expectations. PE funds are also reassessing their investment strategies, increasingly shifting PE dollars from infrastructure to consumption driven plays. PE investors have also started to look beyond capital markets for exits as they increasingly explore secondary transactions and M&A deals. India-focused venture capital funds have added a record amount of over $1 billion as ‘dry powder’ over the past 12-14 months.

 

The good news is emerging markets like India will continue to be among the front-runner destinations in terms of the allocation priority of global LPs.

 

In this context, VCCircle is launching the 4th edition of its successful VCCircle India Limited Partners Summit on 20th - 21st February, JW Marriott, Mumbai, which will assess India's private equity and venture capital theses, the opportunities, the investment enablers and the ecosystem challenges, all these addressing the LP and GP concerns with regards to investing in India.


Agenda

8:30am - 9:45am
Tea & Registration

9:45am – 9:55am
Opening Remarks
Sahad P.V.- Founder & Editor, VCCircle

9:55am - 10:25am
Keynote Address I: Key Macro Factors Governing India's Economic Growth: Strengths & Weaknesses

Dr. Kirit S Parikh - Chairman - IRADe, Former Member - Planning Commission

10:25am - 11:10am
India Reboot: Where Are We Headed In The Next Years: Economy, Corporate Inc. & Private Equity

Shachindra Nath- Group CEO, Religare Enterprises Limited
Tushar Poddar – Managing Director & Chief Economist, Goldman Sachs
Saurabh Mukherjea - Head of Equities, Ambit Capital
Sujan Hajra - Chief Economist, Anand Rathi
Roopa Purushothaman – Managing Director & Head-Research, Everstone Capital (Moderator)

11:10am - 11:30pm
Tea & Networking

11:30am - 12:15pm
Essentials Of Making Money For LPs In A Difficult PE Environment: Lessons From Last 15 Years

Niten Malhan – Managing Director, Warburg Pincus
Gulpreet Kohli – Managing Director, ChrysCapital
Jaganath Swamy - VP, HarbourVest Partners (Asia) Limited
Shrija Agrawal - Associate Editor, VCCircle (Moderator)

12:15pm - 12:45pm
Keynote Address II: The Benjamin Button Effect: The Distinctiveness Of Economic, Political & Social Evolution In India
Why does India display characteristics that others find difficult to comprehend? Why does India not follow the path taken by other emerging countries? Is India really that different and, if so, why? In its youth, it looks frayed and old and in its ancient traditions, it looks young and fresh—a bit like Benjamin Button!

R Gopalakrishnan – Non-Executive Director, Tata Sons

12:45pm - 1:45pm
Lunch & Networking

1:45pm - 2:30pm
What Are The Economic Hurdles To Growth In India; What Needs To Change

Rahul Bhasin - Managing Partner, Baring Private Equity Partners
Nainesh Jaisingh - Managing Director & Global Co-Head, Standard Chartered Private Equity
Avneet S. Kochar - Former Director, Alternative Investments, AT&T Investment Management Corp. (Moderator)

2:00pm – 3:00pm
VCCircle Private Equity Secondaries Lounge (Parallel Session)
A special informal networking session focused on Private Equity Secondaries opportunities for LPs and GPs to identify investment opportunities in other Indian PE funded portfolio companies

2:30pm - 3:15pm
Indian Regulatory Framework: Is There A Silver Lining For Indian PE

Himanshu Mandavia - Partner, BSR & Associates
Gaurav Mathur – Managing Director, India Equity Partners
Karan Singh - Partner, Corporate, Private Equity and M&A, Trilegal (Moderator)

3:15pm - 3:35pm
Tea & Networking

3:35pm - 4:20pm
The Me-too Growth Investment Market: Is There Any Juice Left?

Shankar Narayanan – Managing Director, Carlyle Group
Hetal Gandhi – Managing Director, Tano Capital
Padmanabh Sinha – Managing Partner, Tata Opportunities Fund
Mukul Gulati – Managing Director, Zephyr Peacock Management India
Gopal Srinivasan – Chairman & Managing Director, TVS Capital Funds (Moderator)

4:20pm - 5:05pm
Private Equity Secondaries Market & Its Unique Opportunities For India

Viswanathan Parameswar - Vice President, Adveq
Anand Sunderji - Regional Representative, Paul Capital
Satish Mandhana - Managing Partner & CIO, IDFC Alternatives
Rajesh Singhal - Partner, Tata Opportunities Fund (Moderator)

7:00pm - 9:00pm
VCCircle Awards 2013 Ceremony
The 2nd edition of VCCircle Awards will celebrate the impact of private equity and venture capital on Indian businesses, and pick the most outstanding Indian companies that have not only had a tremendous growth in their respective industries, but also had a longstanding impact on the economy and the industry in general. The awards will also recognise the best intermediaries--law firms and investment banks--that have facilitated such investments.

VCCircle Awards 2013 Jury:
Arun Duggal - Chairman, Shriram Capital Ltd. (Jury Chairman)
Deep Kalra - Founder & CEO, MakeMyTrip
Cyril S Shroff - Managing Partner, Amarchand & Mangaldas & Suresh A. Shroff & Co.
Vivek Pandit - Managing Partner, McKinsey Principal Investment, Asia

9:00pm Onwards
Cocktails, Dinner & Networking

Thursday, 21st February 2013


8:00am - 9:30am
Limited Partners Breakfast
Presented by Indus Balaji:
An exclusive breakfast & networking session for India focused international and domestic limited partners

9:30am - 10:15am
What Unique GP Characteristics Have Driven Successful Partnerships In India

Arjun Bawa - Director, Pinebridge
Rohan Ajila - Managing Partner, Capvent
Kutty Dutta - Investment Manager, Coller Capital
Nupur Garg - Investment Officer, Private Equity and Investment Funds, IFC (Moderator)

10:15am - 10:45am
Session: Private Equity Business As An Asset Class For Large Indian Conglomerates

Praveen P. Kadle - MD & CEO, Tata Capital
Sahad P.V – Founder & Editor, VCCircle (Interviewer)

10:45am - 11:30am
Concerns On Indian Private Equity Exits; Lessons From Other Markets

Maninder Saluja – Partner, Quilvest Private Equity
Kiran Rao - Principal, Grove Street Advisors LLC
Pratima Divgi - Investment Director, Squadron Capital
Nishesh Dalal - Private Equity Transaction Partner, KPMG (Moderator)

11:30am - 11:45am
Tea & Networking

11:45am - 12:30pm
Managing Indian Portfolio Companies; Working With The Promoter, Tackling Corporate Governance, Creating Exits

Pavninder Singh – Managing Director, Bain Capital
JM Trivedi - Partner, Head, South Asia, Actis
Deepak Shahdadpuri – Founder & Managing Director, Beacon India Private Equity Fund (Moderator)

12:00pm - 1:00pm
VCCircle LP-GP Lounge
Structured networking & interaction for GPs with topmost limited partners. This is session is limited to select 10 LPs and 5 GPs.

12:30pm - 1:00pm
Session: Contentious Scenarios for PE Investors - Legal Mitigation and Management

Harsh Pais - Partner, Corporate, Private Equity and M&A, Trilegal

1:00pm - 2:00pm
Lunch & Networking

2:00pm - 2:45pm
Is Indian Venture Capital Attractive Vs Other Asset Classes; Key Drivers, Mapping Current Portfolio, Exits

Sudhir Sethi - Founder & CMD, IDG Ventures
Sasha Mirchandani – Managing Director, Kae Capital
Chris Loh - Partner, Axiom Asia (Moderator)

2:45pm - 3:30pm
Is Indian Landscape Conducive To Mega Control Buyouts

Mathew Cyriac – Senior Managing Director, Blackstone Advisors
Devinjit Singh - Managing Director, Carlyle
Shashank Singh – Managing Director, Apax Partners (Moderator)

3:30pm - 3:45pm
Tea & Networking

3:45pm - 4:30pm
Has Indian Real Estate Private Equity Delivered To Its Expectations

Rahul Rai - Head, Real Estate Investments, ICICI Portfolio Management Services
Sunil Rohokale - CEO & Managing Director, ASK Group
Shobhit Agarwal – Managing Director, Capital Markets, Jones Lang Lasalle (Moderator)

4:30pm – 4:45pm
Concluding Remarks


Speakers

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Anand Sunderji

Regional Representative, Paul Capital
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Arjun Bawa

VP, PineBridge
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Avneet S. Kochar

Former Director - Alternative Investments, AT&T Investment Management Corp.
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Apurva Patel

Director, IDFC Alternatives
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Chris Loh

Partner, Axiom Asia
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Deepak Shahdadpuri

Founder & MD, DSG Consumer Partner | @DSGCPvc
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Devinjit Singh

Managing Director, The Carlyle Group | @OneCarlyle
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Gaurav Mathur

Founder & MD, Invent Capital
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Gulpreet Kohli

MD, ChrysCapital Advisors Pvt Ltd
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Harsh Pais

Partner - Corporate, Private Equity and M&A, Trilegal
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Himanshu Mandavia

Partner, Bsr & Associates
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Jaganath Swamy

Vice President, Harbourvest Partners (Asia) Limited
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Karan Singh

Partner, Trilegal
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Dr. Kirit s Parikh

Chairman - IRADe, Former Member, Planning Commission
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Kutty Dutta

Investment Manager, Coller Capital
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Maninder Saluja

Partner, Private Equity, Quilvest
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Mathew Cyriac

, Florintree Advisors
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Mohit Bahl

Partner, Transaction Services, KPMG
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Mohit Ralhan

Managing Partner, Indus Balaji
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Mukul Gulati

Managing Director, Zephyr Peacock
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Nainesh Jaisingh

Md & Global Co-Head, Standard Chartered Private Equity Advisory
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Niten Malhan

Managing Director, Warburg Pincus India
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Padmanabh Sinha

Managing Partner, Tata Opportunities Fund
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Pavninder Singh

MD, Bain Capital
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Pratima Divgi

Investment Director, Squadron Capital
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R Gopalakrishnan

Non-Executive Director, Tata Sons
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Rahul Bhasin

Managing Partner, Baring Private Equity Partners (India) Pvt Ltd
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Rahul Rai

Head - Real Estate Business, Icici Prudential Amc
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Rajesh Singhal

Partner, Tata Opportunities Fund
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Roopa Purushothaman

Managing Director and Head of Research, Everstone Capital Advisors
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Sasha Mirchandani

Founder & Managing Partner, Kae Capital
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Shashank Singh

Partner & India Head, Apax Partners
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Shankar Narayanan

Co-Head, Carlyle Asia Growth Partners
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Saurabh Mukherjea

CEO of Institutional Equities business, Ambit Capital Pvt. Ltd
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Shobhit Agarwal

MD, Capital Market, Jones Lang Lasalle
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Sudhir Sethi

Founder Chairman & MD, IDG Ventures India
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Sunil Rohokale

CEO & MD, ASK Group
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Sujan Hajra

Chief Economist, Executive Director, Institutional Equity, Anand Rathi Securities
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Jm Trivedi

Partner, Head- South Asia - Actis
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Tushar Poddar

MD & Chief Economist, Goldman Sachs
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Viswanathan Parameswar

Executive Director, Adveq Management

Our Sponsors & Partners

Supporting Partner
Knowledge Partner
Presenting Partner
Legal Partner

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 :

JW Marriott, Mumbai

JW Marriott, Mumbai


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