Jacob Ballas Capital India Private Limited ("JBC")
is a non-banking finance company founded in 1995 , focused
on private equity advisory services.
The firm currently serves as the Advisor to three India focused private equity funds:
- New York Life International India Fund ("Fund I") : US$40 million
- New York Life Investment Management India Fund ("Fund
II") : US$127 million
- NYLIM Jacob Ballas India Fund III ("Fund III")
: US$440 million
The shareholders of JBC are:
- Excelfin Pte. Limited Singapore ("Excelfin"): A company promoted by Mr. B S Ong and Mr. David Ban. Mr. Ong is one of Asia's well known entrepreneurs with vast interests in property, retail and lifestyle businesses. He is also the promoter of Hotel Properties Limited, which holds one of the largest real estate and hotel portfolio in Singapore. Mr Ban, Managing Director of Excelfin, is a well known professional/entrepreneur holding many prominent board positions in Singapore.
- Indo Pacific Investments Pvt. Limited: An investment holding company owned by Mr. Rajan Jetley, the Chairman and founder of JBC, who is a well known professional/entrepreneur.
- New York Life Investment Management LLC (NYLIM) is a wholly owned subsidiary of New York Life Insurance Company (NYLIC). Established in 1845, NYLIC is one of the world's largest life insurance companies and was ranked #76 among
"Fortune-500" companies in 2009 and, through it investment management affiliate NYLIM, has US$256 billion in assets under management. NYLIM is an integrated asset management enterprise serving a variety of sectors
- namely retail, institutional, bundled defined contribution and defined benefit, guranteed products and wholesale. NYLIM
through its subsidiary NYLCAP Holding (Mauritius) acquired a shareholding in JBC in January 2006. This partnership is a result of both organizations having worked together since 1999, when JBC advised New York Life in setting up its insurance operations in India.
- Management team members consisting of Srinivas Chidambaram, Sunil Chawla, Bharat Bakhshi and Anurag
Kumar.
JBC's shareholders and management have a strong international and domestic relationship network and its team has extensive professional experience in a number of industry sectors including financial services. JBC management's shareholding interest is strongly aligned with external shareholders, creating a unique operating philosophy in the organization, with a strong sense of belonging and
ownership amongst the management team.
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