Kedaara
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  • Mahindra Logistics
  • Mahindra Logistics
    India’s leading third party logistics company
    Investment: 2014

    Mahindra Logistics Limited (MLL) is the leading third party logistics company in India and is promoted by the USD 16.7 billion Mahindra Group, one of the most respected business groups in India. MLL started as a captive service provider to the flagship company of the group, Mahindra & Mahindra Limited, but has now been carved out as an independent player servicing a well-diversified base of marquee customers. It addresses complex supply chain needs by providing integrated and evolved 3PL services, including inbound/outbound logistics, warehousing, line-feed, and value-added services to leading national and international automotive, engineering, and consumer goods companies. MLL also provides employee transport solutions to the technology sector.
    www.mahindralogistics.com

  • Au Financiers
  • Au Small Finance Bank
    One of India’s leading retail lending businesses
    Investment: 2014

    Founded in 1996 in Jaipur, Rajasthan, AU Small Finance Bank (formerly known as Au Financiers) is one of the fastest growing and most profitable lending businesses in India, with a leading position in the state of Rajasthan and a growing footprint across several other under-banked states in Northern, Western and Central India. The company began operations as a channel partner for HDFC Bank’s commercial vehicle lending business, and originated a large, high quality book of business for them. Building on this HDFC heritage, the company then developed into a market-leading NBFC, which focused on secured lending to lower-income, self-employed individuals and first time users / buyers of commercial vehicles in semi-urban and rural areas, for whom it developed unique underwriting capabilities. In 2017 the company took the next step in its evolution, and converted from an NBFC into a bank.
    www.aubank.in

  • Bill Forge
  • Bill Forge
    Diversified and rapidly growing manufacturer of precision automotive components
    Investment: 2015

    Founded in the mid-1980s, and led by first-generation technocrats, Bill Forge supplies precision forged and machined products, mostly used in steering, transmission, and wheel sub-assemblies, for the two- and four-wheeler markets. The Company enjoys a dominant market position in its target product segments and has a well-diversified customer base of leading Original Equipment Manufacturers and Tier 1 suppliers in India and overseas. The Company has six manufacturing plants, located in Bangalore, Coimbatore, and Haridwar. Bill Forge has also successfully leveraged its superior technical capabilities to secure several import localization opportunities, and to grow its global presence.
    www.billforge.com

  • Parksons Packaging
  • Parksons Packaging
    India’s largest independent folding carton manufacturer
    Investment: 2015

    Founded in 1996, Parksons is India’s largest independent manufacturer of folding cartons and paper packaging in the highly fragmented packaging sector. Parksons is led by a best-in-class management team, has three world class manufacturing facilities (Daman, Chakan and Pantnagar) to provide pan India support, and caters to a well-diversified base of marquee customers across different end segments including F&B, HPC, Pharmaceuticals, QSR and Industrial. Parksons has also developed superior technical and design capabilities by investing in world-class printing infrastructure, and building an in-house design centre (“Design Park”) to proactively design unique and innovative packaging solutions for its customers. This has helped them to significantly strengthen their competitive position and improve customer stickiness.
    www.parksonspackaging.com

  • Manjushree Technopack
  • Manjushree Technopack
    India’s largest rigid plastics packaging company
    Investment: 2015

    Manjushree is the largest rigid plastic packaging solutions provider in India, led by a first generation entrepreneur, which has a well-diversified presence across both preform (compressed-PET bottles which are fully blown at the bottling plants) and customized container and closures business with expertise across multiple moulding technologies for plastic packaging. Manjushree caters to marquee customers across different end segments including Food and Beverages, Home and Personal Care, Healthcare, Liquor and Dairy from its two manufacturing facilities in South India (Bangalore). Manjushree’s superior design and technical capabilities has enabled them to drive and be at the forefront of the shift from other forms of packaging to PET packaging in several end segments.
    www.manjushreeindia.com

  • Au Housing Finance Limited
  • Aavas Financiers Limited
    One of India’s fastest growing housing finance companies
    Investment: 2016

    Founded in 2011, Aavas Financiers (formerly known as Au Housing) is a leading provider small-ticket home loans to underserved customers in rural and semi-urban parts of India. A majority of the company’s customers are not served by banks or larger housing finance companies due to their remote location and the undocumented nature of their income, and hence present an extremely large and unaddressed market opportunity. The company relies on a detailed income assessment procedure, grounded in a nuanced understanding of each of the micro-markets it operates in, to underwrite these loans. Starting from its home state of Rajasthan, the company has expanded in a carefully controlled fashion into contiguous regions in north and west India, to build a robust branch network across 6 states, including Maharashtra, Gujarat, Madhya Pradesh and Delhi/NCR – some of the fastest growing areas in the country.
    www.auhfin.in

  • Vijaya Diagnostics
  • Vijaya Diagnostics
    India’s second largest integrated diagnostic chain
    Investment: 2016

    Established in 1981, Vijaya Diagnostics is India’s second largest integrated diagnostics chain serving over two million customers annually. It is the market leader in the states of Telangana and Andhra Pradesh, with a dominant presence in Hyderabad and an emerging presence in Kolkata and Bangalore. As the pioneer of comprehensive and integrated diagnostics under one roof, Vijaya offers a wide range of tests across lab services and advanced imaging. Vijaya has an impeccable reputation for excellence, reliability, and quality, and is widely recognized as the center of excellence for diagnostics medicare.
    www.vijayadiagnostic.com

  • Spandana Sphoorty Financial Limited
  • Spandana Sphoorty Financial Limited
    A leading rural focused microfinance company
    Investment: 2017

    Founded in 1998 by a first generation entrepreneur, Ms. Padmaja Reddy, a pioneer in the Indian microfinance industry, Spandana is a Hyderabad-based ~INR 13 bn loan book microfinance institution that focuses on providing small-ticket loans under the group lending model in rural and semi-urban parts of India. Over the years, the Company has built a well-diversified network of ~540 branches serving over 1.2 mm customers across 13 states, with no single state contributing to more than ~25% of Spandana's loan book. The company also leverages its vast distribution network in rural and semi-urban areas to improve its clients' quality of living by offering other products such as solar lanterns, mobile handsets, and consumer durables.
    www.spandanaindia.com

  • Vedant Fashions (Manyavar)
  • Vedant Fashions (Manyavar)
    One of India’s leading ethnic wear companies
    Investment: 2017

    Established in 1999 by a first generation entrepreneur, Ravi Modi, Vedant Fashions is one of India’s fastest growing apparel companies and a leader in the ethnic wear space. It is the undisputed leader in the men’s ethnic wear segment (~4x the size of the nearest competitor) and has a fast growing women’s wear business too under the brand name “Mohey”. Over the last 2 decades, the company has built a network of ~400 stores with ~0.5 mn sq-ft of retail space across India and abroad. Vedant’s deep understanding of the market segments and consumer preferences has enabled it to generate the best operational and financial metrics in the retail industry.
    www.manyavar.com