Scribd Logo
Upload

Welcome to Scribd!

  • 104 views

    Joint Venture: CVCI (Citigroup Venture Capital International)

    Uploaded by

    Anil Pandey
    CVCI invested 9.5% equity in ITL in June 2005. Yanmar, a Japanese company, invested 12% equity in September 2005 as a strategic partner. ITL entered a joint venture with Magma Shrachi Finance in August 2007 to incorporate a new company with 74:26 equity participation ratio to finance tractor manufacturing. JM Financial Trustee Pvt Ltd invested 5% equity in ITL in January 2007 as a financial partner. Sonalika has manufacturing facilities in Hoshiarpur and Amb covering hundreds of acres and produces tractors, multi-utility vehicles, and farm equipment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd

    Joint Venture: CVCI (Citigroup Venture Capital International)

    Uploaded by

    Anil Pandey
    104 views2 pages
    CVCI invested 9.5% equity in ITL in June 2005. Yanmar, a Japanese company, invested 12% equity in September 2005 as a strategic partner. ITL entered a joint venture with Magma Shrachi Finance in August 2007 to incorporate a new company with 74:26 equity participation ratio to finance tractor manufacturing. JM Financial Trustee Pvt Ltd invested 5% equity in ITL in January 2007 as a financial partner. Sonalika has manufacturing facilities in Hoshiarpur and Amb covering hundreds of acres and produces tractors, multi-utility vehicles, and farm equipment.

    Original Title

    sonalika

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    CVCI invested 9.5% equity in ITL in June 2005. Yanmar, a Japanese company, invested 12% equity in September 2005 as a strategic partner. ITL entered a joint venture with Magma Shrachi Finance in August 2007 to incorporate a new company with 74:26 equity participation ratio to finance tractor manufacturing. JM Financial Trustee Pvt Ltd invested 5% equity in ITL in January 2007 as a financial partner. Sonalika has manufacturing facilities in Hoshiarpur and Amb covering hundreds of acres and produces tractors, multi-utility vehicles, and farm equipment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    104 views2 pages

    Joint Venture: CVCI (Citigroup Venture Capital International)

    Uploaded by

    Anil Pandey
    CVCI invested 9.5% equity in ITL in June 2005. Yanmar, a Japanese company, invested 12% equity in September 2005 as a strategic partner. ITL entered a joint venture with Magma Shrachi Finance in August 2007 to incorporate a new company with 74:26 equity participation ratio to finance tractor manufacturing. JM Financial Trustee Pvt Ltd invested 5% equity in ITL in January 2007 as a financial partner. Sonalika has manufacturing facilities in Hoshiarpur and Amb covering hundreds of acres and produces tractors, multi-utility vehicles, and farm equipment.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Joint Venture

    CVCI (Citigroup Venture Capital International) 

    Investment ITL-9.5% 
    Investment ICML-18% 
    In June 2005 the Citigroup Venture capital joined the company as financial partner, having equity stake of 9.5%.

    YANMAR, Japan 

    Investment -12% 
    Yanmar company limited, Japan joined the company in sept, 2005 as strategic partner, having 12% equity stake in
    the company. 

    Magma Shrachi Finance 

    The company entered into the joint venture with Magma Shrachi Finance limited on 10th august 2007 to incorporate a
    new company with 74:26 (Magma-ITL) ratio of equity participation for financing tractors of manufactured by the
    company. 

    JM Financial Trustee Pvt Ltd 

    JM Financial Trustee Pvt Ltd, a company of JM Group joined the company in Jan, 2007 as Financial Partner with the
    equity stake of 5%. 

    YANMAR, Japan 

    Investment -12% 
    Yanmar company limited, Japan joined the company in sept, 2005 as strategic partner, having 12% equity
    stake in the company. Established in 1969, Sonalika group from the very beginning has tried to understand
    customer need so that they get better value for their money, hard earned. Sonalika has state of
    manufacturing, spread in acres, located at Hoshiarpur and tax free zone at AMB in Himachal Pradesh.
    Sonalika is the one of the top 3 tractor manufacturing companies in India, other products include of, Multi
    utility vehicles, engines and various farm equipments. Today the group stands tall with an approximate
    turnover of 3200 Core INR. An average growth of 30% makes it one of the fastest growing corporate in
    India. Its is also one of the few debt free companies. Group has strength of about 2000 employee &
    technocrats. History reveals that innovation is the key to continued progress and when applied to technology
    that touches human life, it can unfold a whole new economic phenomenon that has the power to change the
    world. With unique initiatives like the Thought leadership Forum, Leadership Forum, we have been able to
    create a unique platform for learning through success stories of industry leaders.
     No, doubt that the sonalika products has created a niche for themselves not only in India but
    also in foreign market. To maintain quality have any defect even at micro level is been taken care
    of and rectified. The technology for Painting, which we use, is of the high quality a nd we have
    paint shop with world-class quality standards. 

    The industry has gradually transformed itself into a world-class player involved in building state-of-the-art
    products, solutions and technologies. As an industry, we are very conscious of our responsibility to society.
    Sonalika Foundation intends to become a catalyst, encouraging our members to do more, capturing best
    practices for quality and harnessing a greater range of resources, from the industry and beyond, to make a
    major impact on the development. It has been our vision to cater to the needful agriculture and auto
    industry with quality products through untiring dedication and activities. As we step in to our fifth decade of
    existence, we continue to lead the development. Tractor and car plants work in 2 to 3 shifts depending upon
    volume of work for maximum production. We Continue to march ahead on road to success and glory driven
    by the force of initiative and determination to have a leading position in the tractor industry in the days to
    come . We have ventured in to automobile sector also with the launching of Rhino –MUV- to write another
    success story.

    You might also like