2016

AIBI Board of Directors

GESU KAUSHAL
Chairperson

K. SRINIVAS
Vice Chairman

ANAY P. KHARE
Vice Chairman

B. MADHUPRASAD
Director

SANJAY SHARMA
Director

G.S.GANESH
Director

MAHAVIR LUNAWAT
Director

RAJENDRA NAIK
Director

V. S. NARAYANAN
Chief Executive Ofcer

ARJUN MEHRA
Director

PRITHVI HALDEA
Honorary Advisor

PRANJAL SRIVASTAVA
Director

MESSAGE FROM THE BOARD

On behalf of ASSOCIATION OF INVESTMENT BANKERS OF INDIA, we are very happy to welcome you all to the
6th Annual Summit.
We are grateful to Mr. UK Sinha for accepting our invitation to be the Chief Guest and we are very happy to have
him grace the occasion with his presence.
The Indian capital markets have evolved signicantly over the last two decades with stronger regulatory oversight,
more accountability on corporates, responsible investing and higher corporate governance standards. Though we
have reasons to be proud of improving diligence and compliance standards and a healthy state of the market, it
probably is the right time to evaluate how we compare with other developed markets and what elements differentiate
us. Thus, the theme of this Summit INDIAN CAPITAL MARKETS BENCHMARKING WITH THE BEST came
about.
The Summit begins with a Keynote Address by Mr. TV Mohandas Pai, an eminent speaker with a very comprehensive
experience both in the corporate sphere and more recently in the investing sphere. Mr. Pai will be speaking on the
topic INDIA in 2030 how tech entrepreneurs will make a 10t$ economy. This topic has gained signicant
importance at the back of the historic demonetisation move of November 2016 by the Government. We are sure
that in his prognosis, Mr. Pai will share his views on how technology will leap frog the Indian economy over the next
decade. We are grateful to Mr. Pai for accepting our invitation.
Mr. Pais Session is followed by Technical Session 1 Primary Markets / Mergers & Acquisitions / Secondary
Markets. In this Session, we hope to deliberate on the impact of Make in India concept on capital raising cycle,
the importance of M&A transactions in the life of the Corporates, where do we see the secondary markets in the
coming quarters and other related topics. Given the range of topics to be covered, we have an extended session
with accomplished professionals to debate these points within the overarching theme of benchmarking Indian
markets with our counterparts. The sessions would also cover key differences in the markets, including with respect
to regulatory issues, shareholder rights, transparency etc.
After this, we have Mr. UK Sinha share his views on what he perceives to be the key areas of differences between
the Indian markets and other jurisdictions and what are the key areas of focus for the regulator over the next few
years in the capital markets. We understand that focus on disclosure; investor protection and corporate governance
will be the key ingredients for every major change in the regulatory landscape.
The second Technical session is titled Capital Formation and Product Innovation. This is a well-represented
panel with professionals representing various capital market stakeholders. Macro factors affecting Capital formation,
launch of new products like InvITs and REITs, other need for developing newer products beyond the plain vanilla
products, distribution of new products are some of the topics likely to be discussed in this Session.
This is followed by Panel discussion on a topic of great relevance - Corporate Governance. Here we would like to
compliment SEBI and Stock Exchanges for their strict vigil on compliance with Corporate Governance Regulations.
Compliance with Corporate Governance can sometimes border on subjective interpretation of some provisions.
That is where the debate on Letter Versus Spirit comes into play and we hope the panellists are able to bridge
the divide between these two. We have very experienced panellists to debate this topic and we look forward to an
interesting discussion.
And we close our Summit with a few words of wisdom from Swami Sukhabodhananda. It has been the tradition in
all our Summits to have a Session, un-related to Finance and Capital markets but closely related to the behavioural
aspects of our living. In continuation of this tradition, we have invited Swami Sukhabodhananda for his guidance on
how to maintain composure even during turbulent times and the topic we have chosen is Spirituality in dealing
with turbulent times.

2016

Before we end this note, we are grateful to NSE and BSE for their continuous support as sponsors of all our
Summits. A special thanks to Khaitan & Co. for being the sponsor for the second time in running in sponsoring our
Summit.
We would like to express sincere appreciation to Mr. Prithvi Haldea for his untiring efforts and invaluable contributions
to help us organise our Summits year after year.
It will not be out of place to say that our Chairperson, Gesu Kaushal has in her characteristic style led the discussion
on all aspects of the Summit and spared no effort in successfully organising the Summit. Our sincere thanks to her
for the contribution.
We thank our Directors Mr. G.S Ganesh, Mr. Pranjal Srivastava, Mr. Rajendra Naik, Mr. Anay Khare for their effective
support and contributions.
Our sincere appreciation to Mr. V.S. Narayanan, CEO for managing the mammoth event effortlessly.
We wish to place on record our appreciation to
-

All our Moderators and Panel Members for their participation in the Technical Sessions

All our members for giving support directly or through their associate entities

The Registrars, Link Intime and Big share for their advertising support

Fortune Finance, Compuage Infocom and Crest Ventures, for their advertising support

Concept for their PR and Event Management support.

Printing support from Western Press, our ofcial printer for the Summit

Mr. Steve Fernandes for agreeing to be the host for the event

Eventuality for providing the support and help for the event.

And special thanks to all our delegates for attending the Summit. We hope all of you have an enriching experience
and have some take-aways from each Session.
As we come to the end of this calendar year of 2106 let us hope to have a great 2017.
WISH YOU ALL A VERY HAPPY, PROSPEROUS AND FABULOUS 2017.

AIBI SUMMIT 2016 DECEMBER 15, 2016, THE TRIDENT, BKC, MUMBAI

INDIAN CAPITAL MARKETS BENCHMARKING WITH THE BEST

Agenda
9:00 Registration
9:00
9:45

10:05
10:15

13:30 Technical Session II

Capital Formation I Product Innovation
Tea/Coffee
Sudhir Bassi, Executive Director, Khaitan & Co.
(Moderator)
Welcome Address

Nishant Fadia, Group COO, Prime Focus Ltd.

Gesu Kaushal, Chairperson, AIBI
Executive Director, Kotak Mahindra Capital Company Ltd.
Vikas Deep Gupta, Head Structured Finance,
Piramal Fund Management Ltd.
Lighting of Lamp
Sunder Iyer, Partner, Deloitte, Haskins and Sells
Keynote Address
Dhanpal Jhaveri, Managing Partner,
Everstone Capital Advisors
India by 2030 - How tech entrepreneurs will help create a
US$ 10 trillion economy
Shilpa Kumar, MD & CEO, ICICI Securities Ltd.
T.V. Mohandas Pai,
Tashwinder Singh, Director, KKR Capital Markets
Chairman & Chief Advisor,
Ishita Vohra, Head Listing (Equity & Debt),
Manipal Global Education Services Pvt. Ltd.
National Stock Exchange of India Ltd.
Co-Founder Aarin Capital

11:00 Technical Session I

Primary Markets /Mergers and Acquisitions/Secondary
Markets
Sanjay Sharma, MD and Head -Equity Capital Markets,
India, Deutsche Equities India Pvt. Ltd. (Moderator)
V. Balasubramaniam, Chief Business Ofcer, BSE Ltd.
Jaspal Singh Bindra, Executive Chairman,
Centrum Group
Rajiv Gupta, Partner, Latham & Watkins LLP
Akhil Mehrotra, Director-Downstream, BG Group
Narendra Ostawal, MD, Warburg Pincus India Pvt. Ltd.
Somasekhar Sundaresan, Counsel
Sudhir Valia, Director, Sun Pharmaceuticals Ltd.

14:30 Technical Session III

Corporate Governance
Opening Remarks
Nawshir H. Mirza, Professional Independent Director
Prithvi Haldea, Founder-Chairman, Prime Database
(Moderator)
Menaka Doshi, Managing Editor, Bloomberg Quint
S. Naganath, President & CIO,
DSP BlackRock Investment Managers Pvt. Ltd.
Cyril Shroff, Managing Partner,
Cyril Amarchand Mangaldas
Amit Tandon, Managing Director,
Institutional Investor Advisory Services (I) Ltd.
Ranu Vohra, Co-Founder, MD & CEO,
Avendus Capital Pvt. Ltd.
15:30 Tea/Coffee

12:15 Chief Guest Address & Interactive Session

Mr. U.K.Sinha
Chairman, Securities and Exchange Board of India

15:45 Special Session

Spirituality in Dealing with Turbulent Times
Swami Sukhabodhananda, Founder Chairman,
Prasanna Trust

12:45 Lunch

17:15 Closing Remarks

K. Srinivas, Vice Chairman, AIBI
MD, Saffron Capital Advisors Pvt. Ltd.

2016

Brief Prole of Chief Guest

U. K. SINHA
Chairman, Securities and Exchange Board of India
Mr. U.K. Sinha was appointed as Chairman of Securities and Exchange Board of India
with effect from February 18, 2011.
Mr. Sinha, formerly from the Indian Administrative Service (IAS), brings with him rich
experience in nancial markets for more than a decade. Mr. Sinha has held several
responsible positions with distinction in the State and Central Governments. He was
Joint Secretary (Banking) and Joint Secretary (Capital Markets), Ministry of Finance, Government of India. He was
also the Chairman of the Working Group on Foreign Investment in India formed by the Government of India. He
was a member of several committees set up by the Government of India including the Committees on Liquidity
Management, Foreign Institutional Investors, Corporate Bond Market and Investor Protection.
Prior to taking over as Chairman at SEBI, he was Chairman and Managing Director of UTI Asset Management
Company Limited and also Chairman of Association of Mutual Fund in India. He has actively contributed to the
nancial sector reforms in the country. He is also credited with starting the micro pension movement in India.
Mr. Sinha was the Chairman of the Asia Pacic Regional Committee (APRC) of International Organization of
Securities Commission (IOSCO) during April 2011 to May 2013.
Recently Mr. Sinha was conferred the Economic Times Business Reformer of the Year Award 2014 for raising
standards of corporate governance, strengthening SEBI as an institution, and increasing condence in Indias
capital markets. He is also the recipient of the 10th CNBCTV18 India Business Leader Award 2014 for Outstanding
Contribution to the cause of Indian Business.

Brief Prole of Speaker

T. V. MOHANDAS PAI
Chairman, Manipal Global Education Services Pvt. Ltd.
Co-founder, Aarin Capital
Mr. T. V. Mohandas Pai is the Chairman of Manipal Global Education Services Pvt Ltd. He
co-founded AARIN Capital and 10 other venture funds to fund companies in Technology,
Ecommerce, Health Care and Life Science. He actively interfaces with key leadership in
governments and regulators to improve the business ecosystem.
He was awarded the Padma Shri by the President of India in 2015, and the Karnataka
Rojyotsava Award in 2004.
He had served on the Board of the Securities and Exchange Board of India (SEBI) and is currently the Chairman
of SEBI Primary Markets Advisory Committee. He is now on the Board of National Stock Exchange of India Limited
(NSE) and Havells India Limited.
Mohan joined Infosys in 1994 and was elevated to a Member of the Board in 2000. He was Infosyss CFO from 1994
to 2006. As CFO he was adjudged Indias best CFO multiple times. In 2006, he voluntarily relinquished the role
to lead Human Resources and Education & Research. At Infosys, Mohan led the rst listing of an India-registered
company on the NASDAQ and the rst sponsored secondary offering of American Depositary Shares by an Indian
company. Mohan stepped out of Infosys to pursue his other long-standing passion - higher education for human
development in June 2011.
Mohan has a keen interest in human development through education such as illiteracy eradication through the
promotion of primary education. In 2000, he along with certain other philanthropists set up the Akshaya Patra
Foundation, Bangalore - a mid-day meal program for school going children. Today, the mid-day meal program
feeds over 1.5 million children each day in 11,000 government schools across 10 Indian states. This program aims
to feed 5 million children each day by 2020. Mohan continues to make substantial personal contributions to the
program. This initiative has become the largest mid-day meal program in the world.
Mohan holds a bachelors degree in commerce from St. Josephs College of Commerce, Bangalore, and a
bachelors degree in law (LLB) from Bangalore University. He is also a Fellow Member of the Institute of Chartered
Accountants of India.

2016

Brief Prole of Speaker

SWAMI SUKHABODHANANDA
Founder Chairman, Prasanna Trust
Swami Sukhabodhananda is the founder Chairman of Prasanna Trust. Swamiji is not
only one of the most respected spiritual leaders of the country, but also nicknamed as
Corporate Guru. His expertise lies in synthesizing ancient wisdom of East and modern
vision of West appealing to both young and old from wide spectrum of society.
Swamiji is the author of many best sellers whose books have sold over a million in more
than 110 titles in different languages. His books have made many discover a new way
of living life. He makes one realise that if one door closes another door opens. Life is an
opening.
His spirituality based transformative education programs have been rated as excellent & beneted many in the
corporate sectors of reputed institutions like banking, nance, industry, armed forces, police and prestigious
business schools like Indian School of Business etc.
Leading industrial houses invite him to conduct In-house workshop for their executives.
Swamji has been a Sport Psychology coach for cricket team Delhi Dare Devils.
Times of India in one of their poll on who talks the best places Swamiji as the one, who tops the list on all counts
as the best speaker.
The Week magazine acclaims Swamiji as one among the top ve best exponent of spiritual knowledge.
Swamijis English books Oh, Mind Relax Please! and Oh, Life Relax Please! are the top best sellers in the
country and has set a new bench mark in the lives of many, from the Kargil hero Gen. V. P. Malik who swear by the
inspiring content of the book to the New York city Mayor who acknowledges its usefulness to diminish work pressure
and dealing with New York City press!
Swamijis book Manase Relax Please has set an all time sales record in the history of Tamil, Kannada & Telugu
books and has been included as a part of curriculum in some of the schools & colleges. Leading personalities have
termed that he has revolutionized Tamil literature through his books.
Swamiji was invited as a dignitary on ve different panels at the World Economic Forum in Davos, Switzerland and
was a special invitee to the United Nation World Millennium Summit of spiritual Leaders.
Swamiji is the second Indian to be honored at the prestigious lotus millionaires Intellectual Club at Manhattan, New
York.
Swamijis works in audio and video have been transforming the lives of many through Sa Re Ga Ma and Times
Music.
His message on the Aastha, Sanskar and many other Channels is reaching a wide spectrum of people both in India
and Overseas.
Prasanna Trust under his inspiration and guidance runs an orphanage for girls, provides articial limbs and calipers
to people with impoverished background, provides scholarship for students from economically weaker section,
conducts regular poor feeding and blood donation camps.
Swamiji was awarded Karnatakas Best Social Service Award by Essel group & Zee network.
In recognition of his service to humanity at large, Swamiji was awarded Rotary Seva Ratna.
Rotary International has also conferred Personal Excellence Award for impacting the lives of many.

Brief Prole of Panel Members

ISHITA VORA
Head Listing (Equity & Debt), National Stock Exchange of India Ltd.
Ishita leads the listings and the primary markets business at the National Stock Exchange
of India and works closely with entrepreneurs, bankers and regulatory authorities to
ensure easy access to growth capital. Ishita has experience in both buy and sell side and
has seen the investing community from both these angles over the last 16 years. Prior to
NSE, Ishita led Investment Banking for a domestic brokerage and was also instrumental
in setting up an infrastructure focused private equity fund in India. She started her career
in management consulting and led the CFO Advisory Forum for leading Asian corporates
during her consulting stint.

PRITHVI HALDEA
Founder-Chairman, Prime Database
Honorary Advisor, AIBI
Prithvi Haldea, an M.B.A. (1971) from BITS Pilani, is the Founder-Chairman of PRIME
Database (www.primedatabase.com), Indias premier database on the primary capital market
since 1989. PRIME has a large body of subscribers and is widely reported by the media.
Haldea is presently on the GOI Council of Experts for Financial Sector. He is also a
Member, among others, of SEBI Primary Market Advisory Committee and SEBI
Committee on Reviewing Disclosures and Application Forms in Public Issues. He is the
Chairman of PHDCCI Capital Markets Committee, Jury for ASSOCHAMs awards for CG and for CSR, Member
of the Editorial Board of ICSI, an Honorary Advisor of Association of Investment Bankers of India and Chairman of
Ibaadat Foundation.
In the past, Haldea was a member, among others, of Board of Central Listing Authority (SEBI), Trustee of NPS
Trust-PFRDA, GOI Task Force on Financial Redress Agency, FSDC Committee on Commission/Incentive Structure
of the Distributors of Financial Products, Central Government Nominee on the Governing Councils of ICAI and ICSI,
High-Level Committee of Finance Ministry on Corporate Bonds, Member of Board of Governors of Indian Institute
of Corporate Affairs, Investment Board of Postal Life Insurance, Quality Review Board (ICAI), Committees of MCA
on formulation and revision of Companies Act, Board of UTI Mutual Fund, SEBI Committee on Review of MAPIN,
SEBI Secondary Market Advisory Committee, Listing and Delisting Committees of BSE, Listing Committee of NSE
and Delisting Committee of DSE. Haldea has addressed hundreds of conferences.
As an investor protection activist, Haldea regularly raises issues with regulators and in the media. In the pursuit of
this objective, he has also launched two unique websites: www.watchoutinvestors.com: aggregating information on
economic defaulters which now lists over 3,00,000 cases and www.primedirectors.com: a databank now hosting
proles of over 24,000 professionals for listed companies to select independent directors. He had also created
www.iepf.gov.in: an investor education initiative in 13 languages.
Between 1971 and 1988, Haldea worked at senior positions in the corporate sector and also as a consultant to The
World Bank and the U.S. Department of Commerce.

2016

Brief Prole of Panel Member

V. BALASUBRAMANIAM
Chief Business Ofcer, BSE Ltd.
V Balasubramaniam (Bala) is the Chief Business Ofcer at the BSE (Bombay Stock
Exchange) and is currently in-charge of the Markets business of BSE encompassing
Equities, Equity Derivatives, ETFs, Currency Derivatives, Interest Rate Derivatives,
Mutual Fund Distribution and SME Platform. He is also in charge of all the new initiatives
planned by BSE including the setting up of Commodities Market and the international
exchanges in GIFT City.
He was instrumental in taking the BSE Currency Derivatives to achieve leadership
position with market share of over 45 % in a short span of 15 months.
He is part of the Executive Management Committee which oversees the day-today functioning of the exchange
and is a Board Member at the Central Depository Services of India Ltd, BSE Institute Limited, BSE SAMMAN Ltd
Indias rst CSR Exchange and the Futures Industry Association - Asia. Till recently he also served on the board
of ASIA INDEX PVT LTD a joint venture between BSE and S&P Dow Jones Index, BFSI Sector Skill Council, BSE
Investments, Bank of India Shareholding Ltd, Calcutta Stock Exchange etc.
He has close to 25 years of experience in CAPITAL MARKETS & EXCHANGE industry and was also part of the
core team involved in setting up the National Stock Exchange of India as it rst professional team member and
was instrumental in setting up the Capital Market segment, creating the Nifty-50 index, setting up NCFM the rst
certication programme in stock markets and the equity derivatives segment among others. He also worked in
Reliance Group for almost a decade before joining BSE.
Bala is a Masters in Commerce from Mumbai University and a Rank holder from the Institute of Cost Accountants
of India inter alia.

Brief Prole of Speakers

GESU KAUSHAL Chairperson, AIBI
Executive Director and Co-Head Capital Markets Group
Kotak Mahindra Capital Company Ltd.
With over 20 years of experience in the investment banking industry in India, Gesu has
rich experience across various equity products, including initial public offerings, follow
on offerings, Qualied Institutional Placements, international offerings and private equity
transactions across various sectors including consumer, healthcare, technology, banking
and nancial services. She has been associated with a number of marquee listings in
India and handled complex situations through the various capital market cycles over the
last two decades.
She has played an important role in the regulatory evolution of the Indian capital markets and has been involved
with many capital market innovations over the years. Her participation on various regulatory committees is an
endorsement of her understanding of the capital markets in India.
Gesu has been a Director of AIBI since September, 2011. She is the Chairperson on the Board of AIBI and a
member of the REITs Advisory Group of the BSE.
Gesu is a graduate in Economics Hons from Lady Shri Ram College, Delhi University and an MBA from Jamnalal
Bajaj Institute of Management Studies.

SUDHIR BASSI
Executive Director, Capital Markets Practise Group,Khaitan & Co.
Sudhir Bassi is an Executive Director in Capital Markets Practise Group in Mumbai.
Prior to joining Khaitan & Company, he was Managing Director at Morgan Stanley India
Company Private Limited. He has vast experience of over 23 years in capital markets
wherein he has advised companies on all types of capital raisings (public/private/
international both in equity and debt space), open offers, buy-backs, delistings etc.
During this period he has been associated with more than 120 equity offering, 40+ debt
offering, 25+ open offers, 6 delistings, and 8 buy-backs. He has been associated with
conceptualizing new concepts (e.g. shelf prospectus (for ICICI Bonds), book building (Tata Stell Bond Issue and
Nirma FPO), exchangeable bond (Tata Industries), index bond (ICICI), conditional IPO (TCS IPO) and executing
rst time transactions (e.g. QIP offering (Apollo Tyre) and OFS (ONGC)) etc. Prior to Morgan Stanley, he has
worked with JM Morgan Stanley Private Limited, JM Financial & Investment Consultancy Services Private Limited
and PNB Capital Services Limited.
Sudhir has been involved in dicussions with SEBI and Stock exchanges in relation to development of regulatory
framework for the Offer for Sale Mechanism, SEBI (Issue of Capital & Disclosure Requirement) Regulations, 2009,
SEBI (Issue and Listing of Debt) Regulations, 2008. Sudhir was also head of Capital Market-Policy Issues sub
group of the Industry Affairs Committee of Association of Investment Bankers of India (AIBI).

2016

Brief Prole of Panel Members

K SRINIVAS Vice Chairman, AIBI
Managing Director, Saffron Capital Advisors Pvt. Ltd.
K. Srinivas, Founder and Promoter of Saffron Group, established the agship company,
Saffron Capital Advisors Pvt. Ltd., in January 2007. A Commerce graduate, Cost
Accountant and Chartered Accountant by qualication, he pursues his professional
career in capital markets and corporate related activities with absolute passion and
commitment. He started his career in 1986 in the Investment Department of Unit Trust of
India (UTI). Thereafter, he headed the Investment Banking Department as President of
UTI Securities. After spending more than two decades with the UTI Group, he started his
own group of companies under the Saffron brand to pursue his areas of interest. His dedication towards the growth
of emerging corporates has seen him successfully complete more than 50 IPOs and a host of other transactions.
His vast experience allows him to leverage his cross functional skills in Investment Banking, Strategy & Networking
and is the guiding force at Saffron Capital. His interests include yoga, meditation and related spiritual pursuits and
is also a teacher at the Art of Living.

AKHIL MEHROTRA
Director-Downstream Business, BG Group
Akhil Mehrotra is currently working as Director Downstream Business in BGEPIL (a
shell group company) at their Mumbai ofce. Akhil joined BG Group (now a Shell group
company) in 2004 and has worked with Gujarat Gas Company limited, its subsidiary from
2004 to 2009 as Director Business Development and Regulatory Affairs before taking up
the current assignment. In the current role Akhil is responsible for the growth and operations
of the current downstream businesses and advocacy of policy & regulatory issues with
regulators and government.
Akhils area of expertise includes Business Development, Projects, Operations, Capital Markets and Policy & Regulations
and has an overall work experience of 25 years. Before joining BG he worked with Reliance group for 10 years in their
petrochemical, power and telecom businesses.
Akhil has played a key role in development of the Petroleum and Natural Gas Act 2006 and later was part of most of the
PNGRB committees which drafted the midstream & downstream regulations for oil & Gas sector in India. In 2012-13,
Akhil chaired and nalised the Vision 2030 Natural Gas Infrastructure in India, an Industry report commissioned by
PNGRB. The report has since been used by most of additional work on done on gas sector in India.
Akhil led the listing of Mahanagar Gas Limited, one of the most successful public offering in last 5 years. MGL listed on
July 1, 2016 on the Indian stock exchanges. Akhil is also a Director on the Board of MGL.
Akhil has spoken in various conferences in India as well as internationally on power, city gas development and policy &
regulatory issues. He has advised government/regulators of Kazakhstan and Tanzania on development of Gas laws in
their countries. Akhil is a mechanical engineer and a MBA in Finance. In addition to this he has done short term courses
with IIM Bangalore, Harvard, London and Kelloggs Business School. Akhil has a passion for travelling and reading.

Brief Prole of Panel Members

AMIT TANDON
Managing Director, Institutional Investor Advisory Services India Limited (IiAS)
Amit Tandon (b. 1960), is the Founder and Managing Director of Institutional Investor
Advisory Services India Limited (IiAS).
IiAS is a SEBI registered research rm dedicated to providing participants in the Indian
market with independent opinion, research and data on corporate governance issues.
IiAS provides voting recommendations on shareholder meetings, for over 650 companies
and offers two cloud based solutions - IiAS ADRIAN, and comPAYre. IiAS ADRIAN
captures shareholder meetings and voting data and provides packaged data that can be used to gain insights on
how investors view specic issues and gain greater predictability regarding how they might vote. comPAYre provides
users access to remuneration data for Executive Directors across S&P BSE 500 companies over a ve-year period.
Before this he was the Managing Director and CEO of Fitch Ratings: India. Amit took over as CEO of Fitch in India
in October 2001 and worked there for ten years. Prior to joining Fitch, Amit was with the ICICI group for 17 years
where he rotated through various roles and businesses including as head of investment banking at ICICI Securities.
He studied economics at St. Stephens College, Delhi and has an MBA from the Faculty of Management Studies,
Delhi. Amit also has an MPhil degree from the University of Cambridge, UK.

CYRIL SHROFF
Managing Partner, Cyril Amarchand Mangaldas
With over 34 years of experience in a range of areas, including corporate and securities
law, disputes, banking, infrastructure, private client, nancial regulatory and others, he is
regarded and has been consistently rated as Indias leading corporate, capital markets
and nance lawyer.
He has been recognized as a legendary gure in the Indian legal community and
is consistently ranked as star practitioner in India by Chambers Global and other
directories. He is often regarded as the M&A King of India. He was awarded the ALB Managing Partner of the
Year for 2015.
He is member of the rst Apex Advisory Committee of IMC International ADR Centre (IIAC) and also a member
of the Advisory Board of the Centre for Study of the Legal Profession established by the Harvard Law School, a
member of the Advisory Board of the National Institute of Securities Markets (NISM) and on Board of Indian Institute
of Management, Trichy. He is a director on several boards and member of various committees. He also regularly
comments and advises on policy reforms in India.

2016

Brief Prole of Panel Members

DHANPAL JHAVERI
Managing Partner Everstone Capital Advisors
Dhanpal Jhaveri is Managing Partner for Private Equity at Everstone, which is an India
and Southeast Asia focused Private Equity and Real Estate investor with approximately
$3.3 billion of assets under management.
Dhanpals expertise lies in hands-on leadership, supported by over 23 years of experience
in Investments, Corporate Strategy, M&A and Investment Banking.
Previously, Dhanpal has held senior leadership positions with Future Capital Holdings
and Vedanta Resources. He was head of investment banking at ICICI Securities and also
a partner at KPMG.
Dhanpal holds a Bachelor of Commerce degree from the University of Mumbai and an
MBA from Babson College in the United States.

JASPAL SINGH BINDRA

Executive Chairman, Centrum Group
Global nancial services industry executive with a consistent track record of driving protable
growth and increasing brand and shareholder value in a broad range of leadership roles with
major banking groups. (Standard Chartered Bank, UBS, Bank of America). Successfully
led business ranging from USD 1-13 billion in revenue. Broad experience in leading large
complex businesses, turnarounds, M&A and divestures. Skilled at developing strategies,
building high performance teams, driving organisational alignment and managing initiatives
that deliver customer satisfaction and lasting nancial results.

Brief Prole of Panel Members

MENAKA DOSHI
Managing Editor, Bloomberg Quint
Menaka Doshi is Managing Editor at Bloomberg Quint and leads the digital and upcoming
broadcast platforms under the brand. Prior to this she worked at CNBC-TV18 as Executive
Editor. In her 20 years at CNBC - TV18 she reported on companies, M&A, policy, law and
tax. She has hosted several agship news shows including India Business Hour, Closing
Bell and Your World@10 and was host and editor of The Firm - Indias rst television
show on law, tax and audit.
In 2005-06, Menaka was awarded the rst Ramnath Goenka Excellence in Journalism
Award in the category of Business & Economic Journalism (Broadcast).

NARENDRA OSTAWAL
Managing Director, Warburg Pincus India Pvt.Ltd.
Mr. Narendra Ostawal is the Managing Director at Warburg Pincus and is based in
Mumbai. He joined Warburg Pincus in 2007 and since then has been involved in the
rms investment advisory activities in India. Prior to joining Warburg Pincus, Mr. Ostawal
was with 3i, India and McKinsey & Company. Mr. Ostawal holds a Chartered Accountancy
degree from The Institute of Chartered Accountants of India and an M.B.A. from Indian
Institute of Management, Bangalore.

2016

Brief Prole of Panel Members

NAWSHIR H. MIRZA
Professional Independent Director
Nawshir is an independent director on the boards of Tata Power Ltd., Thermax Ltd.,
Tata Power Delhi Distribution Ltd., Coastal Gujarat Power Ltd., Tata Power Renewable
Energy Ltd., Exide Industries Ltd., Centre for Advancement of Philanthropy and Welspun
Renewables Energy Private Ltd.
Since 2003 Nawshir has been involved in the movement for improved governance in the
corporate sector.
Nawshir is a Fellow of the Institute of Chartered Accountants of India. He was with S.R.Batliboi & Co./Ernst & Young,
from 1967 till his (early) retirement in April 2003, in its Calcutta and Mumbai ofces. He also worked in the London
ofce.
Nawshir was the country head of Jardine Matheson Ltd. for ten over years after retiring from the profession, during
which time he served on other boards of companies and charities.
Nawshir has contributed to the governance and accounting professions, being a speaker or the chair at conferences
in India & abroad and authoring a number of professional publications. He has chaired and served on the boards of
various professional bodies and chambers of commerce.

NISHANT FADIA
Group Chief Operating Ofcer, Prime Focus Ltd.
Nishant took up this role in August 2014 and is responsible for identifying new expansion
opportunities and driving overall operational efciencies for the group. Before this, for 14
years as its rst CFO, Nishant was the face of Prime Focus to the nancial community.
He took the company public in 2006. Nishant is a Chartered Accountant from the Institute
of Chartered Accountants of India (ICAI) and CPA from the American Institute of Certied
Public Accountants (AICPA) in the US.

Brief Prole of Panel Members

RAJIV GUPTA
Partner, Latham & Watkins LLP
Rajiv Gupta, head of Latham & Watkins India Practice, has extensive experience in a
wide range of corporate nance matters, including representing issuers and underwriters
in both US and international securities transactions, particularly in initial public offerings,
private placements, high-yield and investment-grade debt offerings, offerings of
convertible debt, equity-linked and derivative products, structured nance and exchange
offers. Mr. Gupta has also been involved in various mergers and acquisitions, restructuring
and merchant banking transactions, spin-offs and joint ventures.
Mr. Gupta is recognized as a preeminent lawyer in his eld, lauded as an internationally recognized specialist in
corporate nance matters by Indian Lawyer 250. Chambers Asia-Pacic refers to him as one of the very best
where he is ranked in the top tier for India capital markets, as a foreign expert for India, and Singapore capital
markets. He is also noted by Legal 500 and IFLR1000 for his expertise in India and Singapore across capital
markets and M&A, and was named Capital Markets Lawyer of the Year at the Asian Lawyer Emerging Markets
Awards in 2015.

RANU VOHRA
Co-Founder, Managing Director & Chief Executive Ofcer
Avendus Capital Pvt. Ltd.
Ranu is one of the co-founders of the company and has spent the last fteen years in the
Indian nancial services industry, concluding several marquee transactions in Investment
Banking and Private Equity.
He believes that clarity of thought and integrity of opinion are the essence of deal making
and has tirelessly ingrained this motto in the organization culture at Avendus. Ranu has led
Avendus to become a leading nancial services rm with businesses spanning nancial
advisory services, wealth management and alternative asset management. His insistence on quality of service and a
result-oriented outlook is instrumental in ensuring the high success rate of deal closure that Avendus has achieved.
With his guidance, the Wealth Management and Alternate Asset Management verticals of Avendus are becoming
preferred partners for an increasing number of Indian and overseas clients.
A thought leader pursued by many, he has been a speaker at several international conferences on Private Equity,
Venture Capital and other nuances of money raising and business strategy.
Prior to founding Avendus, Ranu worked with Communications Equity Associates (CEA), a Tampa based boutique
investment bank, working with clients in Asia Pacic, particularly India. He has also worked with the Hinduja Group, one
of the top ten business groups in UK, in their investment banking and asset management company, Hinduja Finance
(now Hinduja TMT, one of Indias leading BPO companies in Insurance sector). At Hinduja Finance, Ranu was a part
of a team which handled a US$ 25 million book in private investments in automotive components, pharmaceuticals
and media companies. As a part of the process, Ranu took several auto ancillary companies public.
Ranu is an MBA from Faculty of Management Studies (FMS), New Delhi and has a B.Tech in Mechanical Engineering
from IIT Delhi.

2016

Brief Prole of Panel Members

S. NAGANATH
President and CIO, DSP BlackRock Investment Managers Pvt. Ltd
S. Naganath is the President and Chief Investment Ofcer of DSP BlackRock Investment
Managers Pvt. Ltd. He worked with DSP BlackRock Investment Managers Pvt. Ltd.
(previously called DSP Merrill Lynch Fund Managers) from its inception (1996) to
October 1999 as Chief Investment Ofcer. He then worked for Credit Suisse Asset
Management, New York as a portfolio manager for international equities before re-joining
DSP BlackRock Investment Managers Pvt. Ltd. in 2002 as Joint President and Chief
Investment Ofcer. Prior to his initial position at DSP BlackRock Investment Managers,
he had worked in Hong Kong as a portfolio manager with Merrill Lynch Asset Management and GT Management,
Hong Kong. He holds a Bachelor of Commerce degree from Madras University and a PGDM from Indian Institute
of Management, Ahmedabad (class of 1987).

SANJAY SHARMA
Managing Director, Head of Equity Capital Markets, India
Deutsche Equities India Pvt. Ltd.


Heads Deutsche Banks India Equity Capital Markets business since March 2007
where he is responsible for the origination, structuring, and execution of public equity
and equity-linked transactions


Has over 24 years experience in the industry in Corporate Coverage, Investment

Banking Execution, Equity and Debt Markets. He has advised over 100 equity transactions


Prior to joining Deutsche Bank he spent 13 years in the Investment Banking Division of Merrill Lynch in India
in different roles including head of the Corporate Finance Group responsible for all investment banking execution,
Corporate coverage for Western India, Head of Debt Capital Markets and head of Equity Capital Markets business.
He was also deputed to Merrill Lynch Asia Pacic Hong Kong in 1997 for a 7 month stint in Debt Capital Markets


Sanjay has received his Post-graduate Diploma in Business Management from Indian Institute of
Management(IIM), Ahmedabad (1990-1992) and a Bachelor of Engineering (Mechanical) from National Institute
of Technology, NITK, Surathkal (1984-1988)

He has a good understanding of the Regulations and has worked towards bringing international best practices
in the Indian Capital Markets. He is also a part of various SEBI committees including the Primary Market
Advisory Committee for the last 5 years

He is ex-Chairman of Association of Investment Bankers of India (AIBI) and is currently a director at AIBI

Brief Prole of Panel Members

SHILPA KUMAR
Managing Director & CEO, ICICI Securities Ltd.
Shilpa Kumar is the Managing Director & CEO of ICICI Securities Ltd, Indias largest
integrated nancial services rm. ICICI Securities offers a wide range of services including
investment banking, institutional broking, retail broking, private wealth management, and
nancial product distribution.
Prior to ICICI Securities, Shilpa led the Global Markets and Proprietary Trading business
at ICICI Bank and was responsible for transforming it into one of the largest treasury
businesses in the country. Shilpas career spans more than 27 years in a wide variety of
roles within ICICI Bank including strategy, corporate nance and project nance.
Shilpa is a director on the Board of ICICI Securities Primary Dealership. She is also nominated to the Advisory
Committee of BSE.
She also served as the Chairperson on the FIMMDA (Fixed Income Money Market and Derivatives Association of
India) Board and was a member of the Managing Committee of the Foreign Exchange Dealers Association of India.
She has also served on numerous committees constituted by the RBI and the Government of India, notably the
RBIs Mohanty Committee which was mandated to review and evolve a policy framework for monetary policy,
the RBIs Working Group on Taxation Practices for Financial Instruments in India, RBI Committee on Financial
Benchmarks etc.
Shilpa is an alumnus of IIM - Calcutta.

SOMASEKHAR SUNDARESAN
Counsel
Somasekhar Sundaresan is a lawyer practising in the areas of securities laws, insurance
law, competition law, company law and related commercial litigation and policy.
Somasekhar is actively involved in public policy governing the nancial sector and as
part of committees set up by the securities market regulator and the banking regulator;
he has drafted laws governing takeovers, insider trading and corporate governance in
the banking sector, as also drafting two versions of the proposed Indian Financial Code.
Somasekhar writes a fortnightly column in the Business Standard, teaches securities law in the Government Law
College, Mumbai and is an amateur mountaineer.

2016

Brief Prole of Panel Members

SUDHIR VALIA
Director, Sun Pharmaceuticals Ltd.
Mr. Sudhir V. Valia is a Member of the Institute of Chartered Accountants of India and
carries more than three decades of taxation and nance experience.
He has been the director of Sun Pharma since 1993 and is also on the board of Taro
Pharmaceuticals Ltd. He is also the promoter of Suraksha Realty which is in the business
of real estate development.
Mr. Valia has won CNBC TV18s CFO of the Year in the Pharmaceutical and Healthcare
Sectors for two consecutive years (2011 and 2012). Additionally he has also been
awarded with Patent in Financial Structuring in 1995.
Mr. Valia is actively involved in Fortune Financial Services India Ltd. Fortune is into Merchant Banking and it
provides all kinds of nancial service products.
He is actively involved in the eld of social activities and he has also been awarded the Adivasi Sevak Puraskar
(2008-09) by the Government of Maharashtra for his contribution towards the welfare of tribals, particularly in the
eld of education in his capacity as visionary and director of Krishna Vrundavan Pratishthan.

SUNDER V IYER
Partner- Assurance and Audit advisory, Deloitte Haskins & Sells LLP
Sunder has over 24 years of work experience, mainly in the eld of nancial statement
assurance and accounting.
Over the last 17 years he has been helping Indian companies, across industries, to report
under different accounting frameworks viz. Indian GAAP, Ind AS, IFRS and US GAAP. He
has worked on 50+ such nancial reporting assignments. He has also been involved in
the role of a reporting accountant/ auditor on more than 20+ capital market transactions of
Indian companies raising capital on the stock exchanges in India and overseas.
He has also had the privilege of serving the Institute of Chartered Accountants of India in drafting of Indian
accounting standards, Ind AS, research publications, guidance notes as a member on some of ICAIs committees.
He has also actively contributed to the comment letter process on various accounting topics initiated both in India
and internationally.
He has also worked on various projects in the UK, South Africa, and UAE on their IFRS conversion assignments
and in particular in the practical implementation of accounting standards on nancial instruments.
Sunder has a Masters degree in Commerce, is an FCA, Grad. CWA and CIA.

Brief Prole of Panel Members

TASHWINDER SINGH
Director, KKR Capital Markets
Tashwinder Singh joined KKR in 2012 and is a Director at KKR Capital Markets. At KKR,
he has been instrumental in helping build the structured credit business. Prior to joining
KKR, he spent over 18 years at Citigroup and headed various businesses as a Managing
Director. He was the head of Citi Commercial Bank and subsequently was the head
of the Citi Private Bank in India. He was responsible for developing and implementing
business strategy for the Commercial Banking and Private Banking Business in India.
He also represented Citi on Multiple industry panels on Commercial Banking and Private
Banking and was a Member of Management Committee of Citibank India, Business Heads
Committee resp. for Business Practice, ALCO and the Local Operating Management
Committee. Tashwinder is a B.Engg and an M.B.A. from Delhi University.

VIKAS DEEP GUPTA

Head Structured Finance, Piramal Fund Management Limited.
Mr. Vikas Deep Gupta is Head of the Structured Finance Group of Piramal Fund
Management Limited.
Mr. Gupta is a B. Tech from Punjab Technical University and MBA from IIM, Calcutta. He
has over 14 years of experience in the eld of Structured Credit and Investment Banking
having worked with some of the leading nancial services rms like IDFC Capital, MAPE
Advisory Group, ICICI Securities.
Mr. Gupta joined the Piramal Group in 2013 and is presently heads the Structured Finance
Group of Piramal Fund Management Limited. The Structured Finance Group is engaged
in the business of mezzanine funding to Corporates.
Mr. Guptas hobbies include reading and travelling.

2016

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KHAITAN & CO Our Capital Markets Practice

Founded in 1911, Khaitan & Co is one of Indias oldest and largest full-service law rms
with over 500+ fee-earners including 106 Partners and Directors across its ofces in
Mumbai, New Delhi, Kolkata and Bengaluru. The Firm offers full service legal solutions
to our domestic and international clients. We take pride in our approach to work that
focuses on understanding clients business and anticipating their legal needs. Our clients
include business and nancial enterprises, banks, nancial institutions, private equity
funds, investment banks, government bodies, educational and charitable trusts, cultural
institutions, high net worth individuals, estates and trusts from India and overseas.
Our recently awarded international recognitions include Firm of the Year - India by The
Asian Lawyer Emerging Markets Awards 2016. We are ranked as Tier 1 Indian law rm by
Legal 500 (2016-2017) for capital markets, antitrust and competition, banking and nance,
corporate and M&A, dispute resolution, investment funds, labour and employment, projects
and energy, tax and white collar crime. IFLR (2016 - 2017) has ranked us a Tier 1 Indian
law rm for capital markets, corporate and M&A. We were ranked as Tier 1 Indian law rm
by Chambers Asia Pacic (2015-2016) for corporate and M&A and private equity. Several
Partners of the Firm are recognised as leading practitioners in their respective elds.
We enjoy a strong reputation in relation to our capital markets practice which is on account
of several years of representation as advisors to investment banks, corporates, public
sector companies, nancial institutions and other stakeholders. We have established
expertise in various capital markets transactions for both equity and debt which include
initial public offers, follow-on public offers, rights issues, qualied institutions placements
and private placements across a variety of sectors and industries. We have advised our
clients on international capital markets transactions which include American Depository
Receipts (ADRs), Global Depository Receipts (GDRs), Foreign Currency Convertible Bonds
(FCCBs) and listings on the Alternative Investment Market (AIM) and main market of the
London Stock Exchange. We have advised the Government of India on various prestigious
assignments relating to privatisation and disinvestment of public sector undertakings.
Our Capital Markets practice group also specialises in transactions involving the secondary
capital market. This includes advising clients on issues and matters relating to listed
securities and transactions such as open offers, delisting offers, buyback offers (both open
market and tender offers). We have proven capability in handling complex and simultaneous
multi-jurisdictional offers. We have advised various broking houses and security holders on
offer for sale, block and bulk trades on the oor of the stock exchange. Our expertise also
extends to handling and advising clients on matters requiring representation before the
Securities and Exchange Board of India (SEBI) and Securities Appellate Tribunal (SAT).
The Capital Markets practice group comprises of partners who specialise in securities
law, capital markets, general corporate and disputes complemented by a strong bench of
experienced lawyers advising on various transactions across its ofces in India.

2016

The National Stock Exchange (NSE) is the leading stock exchange in India and
the fourth largest in the world by equity trading volume in 2015 (source: WFE
Statistics). NSE was the rst exchange in India to implement electronic or screenbased trading. NSE which began operations in 1994 has been the largest stock
exchange in India in terms of total and average daily turnover for equity shares
since 1995 (Source: SEBI).
NSE offers a fully-integrated experience through exchange listings, trading
services, clearing and settlement services, indices, market data feeds,
technology solutions and nancial education offerings besides regulating the
market participants.
NSE is a pioneer in technology and ensures the reliability and performance of its
systems through a culture of innovation and investment in technology. NSE is the
rst exchange to adopt VSAT technology for its connectivity network. NSE was
an early adopter of automated risk management technology, offering nationwide
emergency stop-trading capabilities and in 1997 it became the rst exchange in
India to adopt real-time risk monitoring systems.
The scale and breadth of its products and services, sustained leadership positions
across multiple asset classes in India and globally enables NSE to be highly
proactive in catering to market demands by delivering innovative and high-quality
services to its clients in both trading and non-trading businesses.

2016

Established in 1875 under the balmy shade of Banyan trees, as the The Native Share &
Stock Brokers Association, BSE (formerly Bombay Stock Exchange) is popularly known
as the Share Bazaar. BSE, is Asias rst and now fastest Stock Exchange in world with a
speed of 6 microseconds. BSE is one of Indias leading exchange groups and has played a
prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad
shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as
strategic partners. BSE provides an efcient and transparent market for trading in equity, debt instruments, equity
derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also
has a dedicated platform for trading in equities of small-and-medium enterprises (SME).
Today we see a tall, iconic building at Dalal Street housing one of Indias best known landmarks BSE. The story
of BSE is the story of the Indian economy.
The benchmark index, S&P BSE Sensex was rst compiled on January 2, 1986 comprising of top 30 stocks in the
country. The S&P BSE Sensex is often referred to as the barometer of Indian economy and is rightly called Indias
Index the World Tracks.
Situated at the nancial capital of the country, BSE has kept pace with the latest in technology. The association with
Deutsche Boerse has helped BSE to put in place a technology that provides a competitive edge to the Exchange in
terms of its order-handling capacity, speed as well as throughput.
BSE has further extended its lead as the worlds top exchange in terms of the number of listed companies, outpacing
the major global peers like NYSE, Nasdaq and London Stock Exchange. BSE lists over 5200 companies as per the
latest data available with the WFE for the month of Nov 2016 and has facilitated the growth of the Indian corporate
sector by providing an efcient platform to raise capital.
The strategic partnership with S&P Dow Jones Indices allows BSE to leverage the global marketing strength of
the global leader in indices. With BSEs strong knowledge of the Indian market and investor interests, the new
partnership is able to provide Indian and International investors with the index solutions they need to take wellinformed investment decisions. It will also help in increasing international interest and participation in Indian capital
markets.
BSE provides a host of other services to capital market participants including risk management, clearing, settlement,
market data services and education. It has a global reach with customers around the world and a nation-wide
presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian
capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation
Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform
and provides full novation guaranteeing the settlement of all bonade trades executed on the BSE Platform. BSE
Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes
in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services
in India.
As Indias leading stock exchange, BSE is an iconic institution and symbolic of Indias economic prowess and
resilience as it continues to be a port-of-call for several high-level dignitaries, both national as well as international,
from a multitude of elds.
With a new tagline Experience the new BSE is well poised to explore newer frontiers of the nancial markets in
terms of technology, products and distribution.

2016

PRIME Database Group (www.primedatabasegroup.com) is an information management

specialist. While its agship product is primedatabase.com, the Group has also developed
several other unique databases/websites. It now also provides a variety of other services
including database creation and management, content generation, website development
and management, information consulting and data cleaning and standardization. By
leveraging our deep understanding of information management, our clients are able to take
better business decisions, improve their internal information processes and systems and
also signicantly enhance their public information platforms.
PRIME has over 25 years of extensive experience in dynamic sourcing, aggregation,
standardization and distribution of information, with a focus on database creation and
maintenance. Our clients include academic institutions, asset management companies,
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rms, insurance companies, law rms, management consultants, stock brokers, stock exchanges etc. A large number of
services of the Group are also focused towards investor education and protection.
Innovation has always been a key mantra at PRIME. Almost all databases developed by PRIME are path-breaking and
are the worlds rst and unreplicated.
Databases/Websites and Services of PRIME Database Group
 primedatabase.com is Indias rst (since 1989) and still the only database dedicated to the primary capital market
covering fund raising by the Indian corporate sector and the Government through equity, debt or securitisation, in
India or abroad.
 nseinfobase.com, in partnership with NSE, provides databases on listed corporates covering data on Insider
Trading, Share Pledging, lings under Takeover Code, Shareholding, Mutual Fund Holdings, Board of Directors,
Corporate Actions, AGM/EGM/Postal Ballot Resolutions, Board Meeting Resolutions, Corporate Event Calendar,
Auditors, Annual Reports, CSR, Company Secretaries & Company Contact Details.
 watchoutinvestors.com aims at alerting and protecting the investors, and is a national registry of information on
companies/persons who have been indicted for an economic malpractice/non-compliance of laws/regulations/ default
by over 30 regulatory bodies. The website presently lists over 2.25 lakh indicted/defaulted entities and has over 7.5
million users.
 primemcadatabase.com is a database containing RoC-led data of over 15.5 lakh companies.
 primebbdatabase.com provides Bulk and Block Deals on BSE & NSE.
 primecrmdatabase.com provides credit rating migrations of all corporate debt issuances and bank loans from all
Credit Rating Agencies.
 primecbdatabase.com provides all information relating to public and privately placed bonds containing both primary
market (issuance) and secondary market (trading) data.
 primemfdatabase.com provides data and league tables based on Assets under Management of Mutual Funds.
 The IVCA-PRIME Private Equity & Venture Capital Directory (primeivcadatabase.com) is a database providing
details of Private Equity & Venture Capital Firms investing into India and Service Providers to this industry.
 primedirectors.com is a free online platform to enroll professionals who are competent and willing to become
independent directors on listed companies and for the listed companies to search for them. The website lists over
25,000 highly accomplished professionals.
 msmementor.in is a unique public service providing a free online platform for helping Micro, Small and Medium
Enterprises in nding Professionals who can add value to their enterprises in diverse areas and through diverse
means.
 bsepsu.com is a database focussed on divestments in India.
 Investors Website services to listed and unlisted companies in India.

2016

Western Press Pvt. Ltd.

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WESTERN PRESS PRIVATE LIMITED

Western Press has been a leading nancial printer based in Mumbai and has been in operation
ever since 1973. It has built a niche in bulk printing and distribution of IPO / Rights Issue / Bond
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Western Press has a leadership position and has been ranked as No. 1 Printer by PRIME
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Our infrastructureWe at Western Press offer a wide range of print services and customized solutions to a diverse
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Concept PR ensures high visibility for our clients both in the print and electronic media & have the distinction of
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NBFC

| Keynote Corporate Services Ltd.

| Keynote Capitals Ltd.

| Keynote Commodities Ltd.

| Keynote Fincorp Ltd.

Registered Ofce:The Ruby, 9th oor, Senapati Bapat Marg, Dadar (West), Mumbai 400 028
Tel : +91-22-3026 6000 Fax : +92-22-3026 6088
Email: [email protected] Website : www.keynoteindia.net

2016

List of Members
NAME OF THE COMPANY

NAME OF THE COMPANY

A K CAPITAL SERVICES LTD.

IDFC SECURITIES LTD.

AMBIT CORPORATE FINANCE PTE. LTD.

IIFL HOLDINGS LTD.

ANAND RATHI ADVISORS LTD.

IL & FS CAPITAL ADVISORS LTD.

ASHIKA CAPITAL LTD.

INDIAN OVERSEAS BANK

AVENDUS CAPITAL PVT. LTD.

INGA CAPITAL PVT. LTD.

AXIS BANK LTD.

J.P. MORGAN INDIA PRIVATE LTD.

AXIS CAPITAL LTD.

BARCLAYS BANK PLC
BCB BROKERAGE PVT. LTD.
BIRLA CAPITAL AND FINANCIAL SERVICES LTD.
BNP PARIBAS
BOB CAPITAL MARKETS LTD.
BOI MERCHANT BANKERS LTD.
CANARA BANK
CENTRAL BANK OF INDIA
CENTRUM CAPITAL LTD.

JEFFERIES INDIA PRIVATE LIMITED

JM FINANCIAL INSTITUTIONAL SECURITIES LTD.
KARVY INVESTOR SERVICES LTD.
KEYNOTE CORPORATE SERVICES LIMITED
KJMC CORPORATE ADVISORS (INDIA) LTD.
KOTAK MAHINDRA CAPITAL COMPANY LTD.
LAZARD INDIA PVT. LTD.
MORGAN STANLEY INDIA CO. PVT. LTD.
MOTILAL OSWAL INVESTMENT ADVISORS PVT. LTD.

CHARTERED FINANCE MANAGEMENT LTD.

MUNOTH FINANCIAL SERVICES LTD.

CHOICE CAPITAL ADVISORS PVT. LTD.

PANTOMATH CAPITAL ADVISORS PVT.LTD.

CITIGROUP GLOBAL MARKETS INDIA PVT. LTD.

RELIGARE CAPITAL MARKETS LTD.

CREDIT SUISSE SECURITIES (INDIA) PVT. LTD.

ROTHSCHILD (INDIA) PVT LTD.

DEUTSCHE EQUITIES INDIA PVT. LTD.

SAFFRON CAPITAL ADVISORS PRIVATE LTD.

DSP MERRILL LYNCH LTD.

SBI CAPITAL MARKETS LIMITED

EDELWEISS FINANCIAL SERVICES LTD.

SMC CAPITALS LTD.

ERNST & YOUNG MERCHANT BANKING SERVICES PVT. LTD.

TRUST INVESTMENT ADVISORS PVT. LTD.

HDFC BANK LTD.

UBS SECURITIES INDIA PRIVATE LIMITED

HSBC SECURITIES & CAPITAL MARKETS (INDIA) PVT. LTD

UNION BANK OF INDIA

ICICI SECURITIES LTD.

VIVRO FINANCIAL SERVICES PVT. LTD.

IDBI CAPITAL MARKET SERVICES LTD.

YES BANK LTD.

2016

About AIBI
AIBI is a voluntary association of Investment Bankers in the country. It was formed in 1990s at the initiative
of Indian Capital Markets regulatory body, SEBI. All Merchant Bankers, registered with SEBI are eligible to be
members of AIBI. AIBI is Indias only association representing the investment banking industry.
On January 21, 2012 the name of the Association was changed to Association of Investment Bankers of
India to encompass all the activities carried out by the Investment Bankers other than Issue Management.
Currently, there are fty ve members of the association (List and prole of members available on our website)
AIBI strives to be an objective Industry body with a credible action plan and balances its role as an industry
body with its role of an inuencer so that there is never any conict of interest for the members. It ensure that
its activities are not conned to selected few but are available and are benecial to all members.
AIBI is represented, through its Chairman, on SEBIs Primary Market Advisory Committee, a forum that
provides an opportunity to present the industrys viewpoint on various issues. We have been working closely
with SEBI in the recent times in improving the efciencies of the Indian Capital Markets.
AIBI has a dedicated website (www.aibi.org.in).

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