Bharti is one of India's largest private
sector provider of telecommunication services and is one of the largest
GSM mobile service provider in the country. Bharti maintains a
presence in all 23 licensed areas ("circles") where cellular
service is available to customers in India. Bharti achieved a
listing on the Mumbai and National Stock exchanges in 2002 and is
one of the top ten stocks in India by market capitalization
presently. Fund I has completely exited this investment.
Gujarat Pipavav Port Ltd ("GPPL")
GPPL is an all-weather port located on the west coast of
India in the state of Gujarat. The port's infrastructure
is built to world class standards and comprises 4 berths
with a length of 1,075 metres for handling container and
bulk cargo apart from a LPG berth for liquid cargo. GPPL
is managed by its largest shareholder, APM Terminals,
part of the A.P. Moller-Maersk Group and one of the
world's largest container terminal operators.
TPIL is the largest specialty printing company in India and is part of the reputed
"India Today" Group. It offers the full range of print-related services extending from digital imaging in pre-press area to circulation management, with operations spread over six locations. The product range covers virtually all commercial print requirements on paper and board including security printing, annual reports, high volume multi-colour magazines, saddle stitched and perfect bound high quality multi-colour calendars, brochures and folders, books in paperback and hardbound, diaries and photo-composed films. TPIL is also a leading player in the publishing BPO space having facilities at four locations in India and one in
Mauritius. Fund I has completely exited this
investment.
New York Life Investment Management India Fund II ("Fund II")
PLL is primarily engaged in the business of (i) laying oil and gas pipelines, (ii) executing composite construction projects, (iii) construction of tanks/terminals and (iv) civil and industrial construction. PLL is the largest pipeline construction company in India and the clear leader in horizontal directional drilling, with a number of subsidiaries in India and overseas. PLL completed an initial public offering of its shares and listed on the Mumbai and National Stock exchanges in December
2005.
Reliance is India's largest private sector integrated power utility company. Reliance has a significant presence in the generation, transmission and distribution of power in the states of Maharashtra, Delhi, Goa, Orissa and Andhra Pradesh. Reliance also has a growing engineering, procurement and construction division (approximately 30% of revenues), which executes both captive and third party projects in the power sector. Reliance is listed on the Mumbai
and National Stock exchanges in India. Fund II has
completely exited this investment.
ABG is the largest private sector shipbuilding yard in India. A leader in the coastal and short sea vessels segment, ABG has a special focus on smaller special purpose vessels including vessels for defence purposes. The Company has constructed
95 specialized and sophisticated vessels in the last 14 years and has achieved a certification by DNV for ISO 9001-2000. It has an increasing export component with 90% of the vessels built in last two years being exported. ABG completed an initial public offering of its shares and listed on the Mumbai stock exchange in November
2005. Fund II has completely exited this investment.
Emaar MGF, a leading real estate developer, is a
joint venture between Emaar Properties PJSC, Dubai
(a Government of Dubai promoted Company) - among the
world's largest real estate companies - and the
Delhi-based MGF Group. Emaar MGF is setting up
integrated townships comprising residential plots,
group housing and villas along with shopping, civic
facilities and amenities, targeted at the upper end
and mid-market segments. It also plans to develop
offices, IT parks, luxury & business hotels,
entertainment zones and special economic zones.
Emaar MGF plans to implement these projects in about
50 cities across India.
SPA, a Government of India
recognized 3-star exporter, is one of the
largest knitwear garment exporters in India. The
Company specializes in the manufacture and export
of knitwear, mainly children's and women's wear to large retailers in Europe and the USA. The
Company's capabilities span the entire value-chain
of garment manufacturing, post-spinning to
finishing. SPA also holds a majority stake
in Crocodile Products Pvt. Ltd., which owns
the rights to distribute "Crocodile"
branded products in India, through which it competes
in the rapidly expanding domestic retail market.
Trianz is a global professional services firm that
helps senior leaders execute business and
technology initiatives through a unique mix of
business consulting and technology capabilities.
The firm provides management consulting,
technology engineering and operations outsourcing
services to a diversified global client base in a
range of marquee organizations from Fortune 1000
corporations to emerging, rapid-growth companies.
Service offerings focus on four key areas viz.
Operations Consulting,
Enterprise
Applications Services, Software Product
Engineering and Transformational Outsourcing
BML manufactures precision automotive components
for two-wheeler and four-wheeler automobiles. BML
is one of the few vertically integrated players in
the industry with forging, casting and machining
capabilities. Leveraging its strong focus on
quality, superior product development and design
skills, BML has established itself as a key
supplier to leading OEMs and Tier-I suppliers in
India and has a growing exports business catering
to USA and Europe.
PSL is promoted
by SKIL Infrastructure Ltd, which has sponsored
several pioneering infrastructure projects in
India. PSL
has been set up to develop a high capacity,
multi-purpose yard for ship building, ship repair
& refit activities and offshore fabrication
including rigs and platforms, within the port
limits of Pipavav Port, Gujarat, to leverage on
the strong shipbuilding demand worldwide and
India's low cost, superior engineering skills.
Upon completion, the facility is expected to be
the largest shipbuilding yard in India and
possibly among the top ten shipyards of the world,
capable of building special
support vessels, large oil tankers, bulk carriers,
container carriers and next
generation vessels such as air defence ships and
frigates.
Avestha
Gengraine Technologies Pvt. Ltd. is India's leading
fully integrated biotechnology & Bioinformatics
Company, focusing on the convergence between food,
pharmaceuticals and clinical genomics leading to
preventive personalized medicine. Avesthagen
provides innovative solutions for global challenges
in agriculture & health problems in the areas of
degenerative conditions, metabolic disorders and
infectious diseases.
Commercial Engineers & Body Builders Co. Ltd ("CEBBCO")
is one of India's leading fabricators of bodies
for the Commercial Vehicle industry. It is the
foremost manufacturer of Tipper Bodies,
and manufactures several other products
including Load Bodies, Field Infantry Vehicles and
Water Bowsers. CEBBCO also has a technology
tie-up with CTV-Doll for the manufacture of
Trailers. It is benefiting from
the structural shift in auto body manufacturing in
India from the unorganised to the organised
sector. CEBBCO has established itself as a
key supplier to leading Indian auto OEMs. With a
view to diversify its operations and de-risk its
business model, CEBBCO started its railways
division in late 2008. It has since been
undertaking refurbishment of wagons as well as
manufacturing of components for wagons, coaches
and locomotives for the Indian Railways.
BEL is a
leading hydropower company in the private sector and
the holding company for the power businesses of the
diversified LNJ Bhilwara Group, which has interests
in textiles, graphite electrodes, IT-enabled
services, power generation and power consultancy.
Through its subsidiaries, BEL operates an 86 MW
run-of-the-river project and is implementing a 192
MW run-of-the-river project, both in Himachal
Pradesh. BEL is also developing a 75 MW canal-based
hydropower project in Punjab and has started
preliminary work on three run-of-the-river
hydropower projects totaling 290 MW in Arunachal
Pradesh. Malana Power Company Ltd, a subsidiary of
BEL, has been awarded two more hydropower projects,
totaling 340 MW, in Himachal Pradesh. The
Company aims to have a total capacity of 1,500 MW by
2012.
NYLIM Jacob Ballas India Fund III
("Fund III")
Aster Teleservices
Private Limited ("Aster")Aster is among India's leading
companies in creating infrastructure for the telecom
and power industries. In addition to providing a
comprehensive suite of services, the Company also
has in house manufacturing facilities spread across
nine locations throughout India. Aster's major lines
of business include:
Telecom Engineering Services: Full range of
services from planning to operations & maintenance
for both, GSM and CDMA,,networks.
Power Transmission & Distribution:
Manufacture and supply of transmission towers,
sub-station structures, supplemented with
installation and commissioning services.
Special Structures: Manufacture and installation
of television and radio broadcast towers, heavy duty
windmill towers, monopoles, and associated support
services. Aster's customers include all telecom
equipment vendors, telecom operators, television and
radio companies as well as leading public sector
power generation and transmission companies. Aster
is also currently active in various Asian, Middle
East and African countries.
MHRIL
is a subsidiary of Mahindra and Mahindra Ltd. one of
the most respected industrial houses in India. MHRIL
is a leading player in the leisure hospitality
industry. It provides quality family holidays
primarily through vacation ownership memberships.
MHRIL's flagship brand is Club Mahindra Holidays.
MHRIL currently provides its members a choice of 30
resorts in India and Thailand and in addition,
through affiliations provides access to over 5,000
resorts, worldwide.
SGEL is one of India's leading manufacturers of high
voltage electro-porcelain insulators for use in
sub-stations, power equipments, transmission and
distribution ("T&D") lines and railway
electrification. Leveraging its strong focus on
quality, timely deliveries and cost competitiveness, SGEL
has established itself as a key supplier to leading
global Original Equipment Manufacturers ("OEM"s),
Engineering, Procurement and Construction ("EPC")
companies and State Electricity Boards (SEBs).
Inventia is India's leading pharmaceutical
company specializing in developing and manufacturing
of pharmaceutical formulations using novel drug
delivery systems ("NDDS"). Inventia has expertise in
developing sustained release formulations,
controlled release formulations, combination
products, taste masking formulations and oral fast
dissolving dosage forms. Inventia supplies NDDS
formulations and intermediates to leading domestic
pharmaceutical companies and Indian arms of global
pharmaceutical companies. It has recently set up a
new manufacturing facility in Ambernath, which is
designed to meet international regulatory standards.
The company has a dedicated research & development
centre in Thane which is approved by the Department
of Science & Technology, Government of India.
*Themis
Laboratories Private Limited was renamed Inventia
*Healthcare
Private Limited effective March 17, 2009
Financial Software & Systems (P) Ltd ("FSS")
FSS is a global provider of electronic payment and
transaction processing solutions and services for
financial institutions, retailers, service providers
and individual consumers. Established in 1991, FSS
is a unique combination of payments technology
solutions and payment infrastructure businesses. It
provides end-to-end payments transaction processing
& solutions. With two business divisions namely
FSSTechnologies and FSSNeT, FSS is supported by over
1000 employees and has a global presence in 4
continents and serves over 100 clients.
SEW Infrastructure Ltd. ("SEW")SEW is a leading diversified engineering,
procurement and construction ("EPC") services
company, with a special focus on the irrigation and
hydropower segments and a growing presence in roads,
urban infrastructure and power sub-stations and
transmission segments. SEW is
making a transition from being a pure play EPC
contractor to an integrated infrastructure
developer. The Company has acquired concessions for
setting up 5 hydropower projects on build, operate &
transfer (BOT) basis, in the state of Arunachal
Pradesh, aggregating to more than 550 MW. SEW also
holds 74.0% stake in Khalghat (Madhya Pradesh) -
Maharashtra border road BOT project scheduled for
commissioning by May 2011.
