Chief Finance Officer
Medsol FZ LLC
Total years of experience :13 years, 8 Months
• Part of the team that manages 5 Polyclinics and 4 Diagnostic Labs in UAE.
• Annual Group Revenue in excess of AED 100 mn
• Raising Debt & Equity for further Growth
• Evaluate Expansion and growth by way of Brown field, Greenfield and inorganic acquisitions in UAE & Middle East.
Senior Vice President KAMCO INVEST 2019 to Aug 2023 Global Capital Management 2010 to Aug 2023 Senior Director 2008-2009 Investment Manager 2005-2007
• Part of the team that raised 4 private equity funds since August 2005 ranging from US$ 300 million to US$ 650 million aggregating US$ 1.8 billion in 4 years. Also an Investment Committee member of all the 4 Funds. KAMCO INVEST is one of the largest private sector asset managers in the Middle East with an AUM of approx. US$ 13.8 bn.
• The Financial Assets fund focuses on companies that provide financial services like brokerage, mortgage, banks, leasing companies and asset management companies in MENA, and South Asia. The other funds that I am actively involved in include a buyout fund, two Pre-IPO and Private Equity funds.
• Created a strong deal pipeline for the fund raising efforts and added an even stronger deal pipeline given the changes in economic environment.
• Made distributions in 13 of last 17 years from exits.
• Key functions include: o Sourcing and analyzing Private Equity Transactions as well as Listed (QIPs and convertible structures) transactions o Pursuing potential deals by meeting the founders / management o Evaluating business plans / annual reports / founders / management teams o Negotiating valuation & legal terms with the management, Innovative Deal Structuring o Preparation of term sheet o Evaluate detailed Investment Note and discuss with other members of Investment Committee o Monitoring the investments / value addition / providing assistance to management in appointing senior management and setting up compensation, corporate governance and audit committees. In certain companies even bringing independent directors on board. o Creating divestment opportunities, negotiating valuations and ensuring exits
Leading a team of 3 people - 1 research analyst and 2 associates;
• One of the largest institutional brokerages in India with over 100 clients like Templeton & Fidelity
• Maintaining relationships with managements of companies under coverage as well those in the same industry
• Interacted with various international investment institutions
• Sector Coverage - Textiles & Infrastructure
Reports Completed
• Textile Industry - companies Century (a conglomerate into cement, textiles and steel), Aarvee Denim & Arvind Mills
• SREI Infrastructure - A infrastructure leasing company into equipment leasing
• Leading a team of 1 research analyst;
• Subsidiary of one of the largest NBFCs in India and part of Development Bank of Singapore and Murugappa Group
• Focus sector - Infrastructure, Pharmaceutical and Cement
• Attending analyst meets and co-ordinate with managements for one on one meeting with Institutional clients.
• Make presentations on investment opportunities to clients at investor forums organized by the company
• Interacted with various domestic financial institutions and large corporate
• Was rated star analyst by a leading financial magazine for year 2004
Reports Completed
• Infrastructure - Power Transmission Towers - KEC, Jyoti Structures
• Engineering Procurement & Construction - Larsen & Toubro, Nagarjuna Construction, Gammon India, HCC & IVRCL
• Telecommunication - VSNL, MTNL & Tata Telecom
• Power distribution cables - Torrent Cables and Finolex
• Oil & Gas Pipes - Saw Pipes, Welspun Gujarat and Man Industries
• Pharmaceutical - FDC, Wockhardt & Cipla
• Cement - ACC, Ambuja Cement, Ultra Tech and Madras Cement
• Listed on BSE - promoted by one of the most dynamic professionals in the industry
• Servicing the large domestic institutions like UTI, LIC, GIC, Reliance etc.
• Hosted conference calls for result updates and other key developments for the clients (institutions and HNIs)
• Sector allocation advise to PMS clients
Reports Completed
• Pharmaceuticals - Ranbaxy, Cipla, Wockhardt, FDC, Biocon, Sun Pharma & Aurobindo
• Cement - Grasim, ACC, Ambuja, Madras, Chettinad
• Telecommunication - VSNL
• Entertainment - Zee Telefilms
• Promoted by Khandwala Securities - one of the largest domestic brokerages in India
• Servicing private sector asset management companies like HDFC, Prudential ICICI, SBIMF, TATA AMC, Bajaj Allianz, Reliance etc.
• Advising treasury of corporate like Castrol, Bajaj etc.
Reports Completed
• Pharmaceuticals - Dr. Reddys, Glenmark, Nicholas Piramal, Abbott India, Glaxo, Aventis, Novaris, Orchid Chemicals, Strides Arcolabs, Torrent Pharma, Ranbaxy, FDC, Sun Pharma & Aurobindo
• Cement - ACC, Ambuja, Prism Cement, Shree Cement, Mysore Cement
• FMCG - HLL, Marico, Rayban (Bausch & Lomb), Dabur & Nirma
• Research was started by Mr. Nirmal Bang, who went on to establish his own brokerage company
• Initial work focus was to aggregate data from various sources and develop contacts within the industry
• Predominantly a retail broking house, which also catered to banks like Bank of Baroda, Canara Bank, SBI and domestic institutions like UTI, LIC & GIC.
Reports Completed
• Cement - Sector review quarterly
• Companies- ACC, Ambuja, Madras, Chettinad
• Article - assisting the practicing Chartered Accountant;
• Audit books of accounts
• Computation of tax liability and filing of returns - corporate and firms
Audits Completed
• Auto ancillary, man-made textiles, restaurant chain, transformer manufacturing company