XLRI Jamshedpur played host to some of the biggest names in corporate India at its second edition of the annual Finance Conclave, Gnosis 2011 in Mumbai. This year the Conclave focused on the role that Private Equity has to play in our country’s growing economy and was titled ‘Investing in India’s Future – The Role of Private Equity’. The Conclave was also aimed at addressing existing dilemmas and even perhaps pre-empting new challenges that would impact the future evolution of the sector and its influence on the Indian economy. The conclave more than lived up to its billing.
The Private Equity sector is tipped to grow tremendously in India in the coming years and even the fundamentals look encouraging for PE in India to continue to grow and evolve much beyond 2011. Speaking about these exciting possibilities at the conclave were some of the most experienced stalwarts of the industry like Shankar Narayan, MD, Carlyle India; Ms. Rupa Vora, CFO, IDFC; Subir Nag, Director, ICICI Venure; Mr. Nainesh Jaisingh, Standard Chartered PE; Mr. Siva Shankar, Director, Citibank VC; Jacob Mathew, MD, Mape Advisory; Mr. Pramod Ahuja, Partner, Tata Capital; Srinivasan Bharatam, Managing Partner, Milestone Religare Investment Advisors. Each of these experts shared their ideas and opinions, formed over years of consistent achievement in their fields, with professionals from the industry, Investors, Media, the student community, and the public at large.
Speaking at the Conclave, Shankar Narayan, MD, Carlyle India, explained how the PE firm create value for its investee company, by giving it an access to global network, better corporate governance, risk management etc. Ms. Rupa Vora, CFO, IDFC presented how the value is created and derived in PE.
Nainesh Jaisingh, MD, Standard Chartered PE, stressed on the growing significance of India as a target market for investors over the last decade, with perceptions about the country among investors having changed at a rapid pace.
Prof. Uday Damodaran, XLRI Faculty- Finance said that “With India looking to lurch forward into the next phase of growth, large financial investments as well as domain-specific management expertise becomes inevitable. It is here that alternative investments such as Private Equity Funds become very important. In addition, Private Equity will emerge as a very important source of capital for firms at all stages of existence, of all sizes and across all sectors”.
Adding about PE’s significance in management courses he said ” No course of study in Finance can be complete without an understanding of Private Equity, and XLRI has already integrated PE into its introductory and elective courses in Finance and will be further strengthening its offerings in PE taking the help of the PE Industry”
The Finance Association at XLRI (FINAX) also took the opportunity to outline its plans to further nurture the sustained student interest in the Finance domain at XLRI. After the speaker series a panel discussion on the topic ‘The Outlook for Private Equity in India’ was held bringing forth various insights about the current scenario of the PE industry in India. The panelists also discussed the opportunities and challenges of dealing with varied stakeholders, ranging from promoter groups to retail investors.