VLS Finance Ltd. (“VLS”) is a large financial services company in India with a diversified portfolio of strategic Proprietary Investments spread across sectors like Media, IT & BPO, Healthcare, Transport / Logistics, Real Estate, Consumer Goods (Footwear), FMCG etc.

Over the years proprietary investments have been one of the principal sources of revenue at VLS. The Company is credited as one of the pioneers of private equity investing in India and has made a series of investments in private and public companies.

KEY INVESTMENTS at VLS

Accelya Kale Solutions Limited

 

http://www.accelyakale.com

THe leading solutions provider to the Airline and Travel industry Globally 

Accelya Kale Solutions Limited is part of the Accelya Group, the leader in airline financial and Decision Support solutions,and are a leading solutions provider to the Airline and Travel industry. Formerly known as Kale Consultants Limited, the company became part of the Accelya Group in 2011.

As part of the Accelya Group, they help over 200 airline customers streamline their financial processes and gain insights on business performance using decision support tools and data analytics.

Accelya’s expertise spans across Revenue Accounting, Audit & Revenue Recovery, Credit Card Management, Miscellaneous Billing, F&A Processes and Decision Support & Analytics. As a strategic partner to IATA, they deliver robust industry solutions including BSP, BSP Link, Neutral Fare Proration (NFP) and Simplified Interline Settlement (SIS).

Accelya’s in depth experience and knowledge of the airline industry enable them to upgrade their clients’ processes to industry best standards. Their presence in 10 countries across 5 continents makes it easier for them to reach out to their customers.

With Accelya, their customers not only get a strong partner but also the best minds in the industry working for you.

 

International Amusement Limited

http://www.appughar.com

 

THE Largest Entertainment & Amusement Company in India

 

International Amusement Limited (IAL) was incorporated on 15th September 1984 by Mr. Gian Vijeshwar, a Sweden based NRI with the primary objective to conceptualize and set up India’s first amusement park Appu Ghar, which was inaugurated on 19th November 1984. Spread over 18 acres of land, it housed 20 rides and a water park on its premises.

In the summer of 1998, Appu Ghar started its next chapter with the addition of its first water park “O.Y.S.T.E.R.S” consisting of a wave pool, rain dance, lazy river, and multiple water slides. O.Y.S.T.E.R.S donned various avatars throughout its life time converting the water park into a snow park as well as a heated water park in the winters. Appu Ghar successfully operated this park for over two decades and because of an excellent recall value, the park received an average of 1.4 million visitors annually.

The company's local understanding and success story motivated it to bring forth more exciting projects to the Indian palate in the year 2000. This was the start of a 150 acre project with a mix of amusement and commercial activities in Noida.

Designed to be built in phases, the company launched a world class Theme Park, Worlds of Wonder in 2005 and forayed into the retail segment by unleashing India's first million square foot mall. The Great India Place has been rated the best mall in the NCR in 2010 and enjoys over 1 million footfalls a month. In its next phase, IAL will launch Garden's Galleria, a 560,000 sq. ft. mall featuring some the best Indian and International luxury brands.

 

APOLLO HOSPITALS ENTERPRISES LTD.

www.apollohospitals.com

THE Largest Hospital Chain in India

Apollo is the largest private healthcare provider in Asia and the fourth largest in the world. Its business interests cover a broad base of healthcare related services including hospitals, clinics, pharmacies, telemedicine, project consultancy and operations management, medical BPO services, education and research. It is India’s largest corporate entity in healthcare and manages 38 hospitals in and around India today.

VLS invested in Apollo Hospitals through open market purchases of listed stock. The thesis was based on huge shortage of quality healthcare services in India. Apollo had emerged as a pioneer in providing quality healthcare services through world class hospitals. The company had a vision of creating India’s largest healthcare company on the lines of established corporate healthcare companies in the west. For-profit healthcare companies were still a novelty in India and the company’s business model was not fully appreciated.

 

Ansal Properties & Infrastructure Ltd

www.ansalpropertiesltd.com

One of the Largest Real Estate Developers in  India

Ansal Properties is among India’s largest real estate development companies. Their offerings cover a broad range including residential and commercial developments, educational institutions and Hotels. They also offer facility management and engineering design services. There are only a handful of scale players in the Indian real estate sector and Ansal is one of the leading groups in North India.

At the time of VLS’ investment Ansal’s enterprise value represented a severe undervaluation with respect to the company’s intrinsic value. VLS’ believed that the company’s real estate asset portfolio and the development business were worth a multiple of the enterprise value of the company. VLS acquired a stake in the company through open market purchases of listed stock. It also built a strong corporate finance relationship with the company and supported it on multiple projects

 

Ceat Limited

http://www.ceat.in

One of the largest tyre manufacturers in India

On the road since 1958, CEAT has run up to be one of the best tyre manufacturers in the business. Ceat not only make trailblazing tyres, but also market tubes and flaps. Ceat are young and revving to go; with a maturity that comes with years of market presence. More than 3500 Cr annual turnover, an impressive list of clients and OEMs, various awards and certificates are statistics that could speak for the company

The Company believe that tyres are not just accessories; they are the force that moves users’ aspirations. With a choice of a wide range of tyres that suit users’ needs and vehicle type. Strength is one of the most important attributes of their products, which complements ceat solid foundation as a part of RPG Enterprises. Ceat produce over 6 millian tyres every year.

 

TELEVISION EIGHTEEN LTD

              

 www.tv18online.com

THE LEADING business  Television Network in India

Television Eighteen (TV18) is a business and consumer news broadcaster and a leading media content provider in India. Besides that, it has, over the last decade, provided prime time television content to almost all leading satellite channels in India including BBC, Star Plus, Sony Entertainment Television, Zee, MTV and Discovery.  TV18 went public with listings on the Indian bourses in 1999. It is among the fastest growing media companies in India with a CAGR of almost 100% since its inception in 1993. CNBC TV18 is India's leading business news channel. The channel is a joint venture between CNBC Asia-Pacific and Television Eighteen India Ltd., with TV18 holding 90 percent of the stake.

VLS bought a stake in TV 18 through a private transaction at a time when the company was on the anvil of transforming itself. TV18 was moving beyond mere content creation to become a broadcaster. The company had demonstrated its credentials in business related content through customized content creation for leading global broadcasters. It initially partnered with Asia Business News to form ABN India. It subsequently formed a JV with CNBC to form CNBC India

 

Dishman Pharmaceuticals and Chemicals Ltd.

http://www.dishmangroup.com/

the Largest CRAMS Company in India

Dishman - Global Partnership Solutions

Dishman is the global outsourcing partner for the pharmaceutical industry offering a portfolio of development, scale-up and manufacturing services.

The products and services offered span customers’ needs from chemical development to commercial manufacture and supply of active pharmaceutical ingredients. Dishman provides a wide range of products to the global market, including an extensive range of reagents, specialty chemicals, APIs and their intermediates.

Dishman Custom Services, comprising both the CARBOGEN AMCIS and Dishman CRAMS businesses, offer the pharmaceutical industry a global partnership solution to all of their intermediate and active pharmaceutical ingredient requirements. They operate seamlessly across the entire lifecycle of a product, having an ability to manage projects from preclinical through to commercial scale manufacture.

In the domain of highly potent API development and manufacture Dishman have expertise and capabilities that are unmatched in the CRAMS sector.

Dishman has a relationship driven business model that improves its customers businesses by providing a range of solutions at locations in Europe, China and India.

 

Dewan Housing Finance Corporation Limited

http://www.dhfl.com/

India’s second largest private housing finance company

DHFL, India’s second largest private housing finance company

DHFL was established in 1984 with the aim to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance Company to be established in the country, however, with a unique mission, which is today benchmarked as a model of financial inclusion in the Indian financial services sector.

While most experts lauded the Company’s altruism, they posed pragmatic apprehensions on the possibility of this Vision becoming a reality. However, that did not influence the Company’s mission. DHFL disbursed funds from its own equity contribution and had a return of less than 8% at a time when interest rates were about 18%. But, what DHFL ascertained was the difference between those who see things as they are and the visionaries who see things as they can be.

Over 29 years have passed since the Company’s inception and today DHFL stands strong as one of India’s largest housing finance companies (and the second largest in the private sector). It is profitably doing what its Founder intended it to do.

The Company has encouraged hundreds of thousands of people to make that upward journey by simplifying financial access and providing them with the privilege of home loan products, insurance services and unique fixed deposit schemes tailor made to suit their needs.

Based in India’s commercial capital Mumbai, DHFL strives continually to reach out to its customers through its extensive network of over 165 Branches, 75 Service Centers, 31 Camps and 8 Regional Processing Offices spread across the length and breadth of the country.

 

KOTHARI PRODUCTS LTD

www.panparag.com

the Largest Mouth Freshener Manufacturer in India - "Pan Parag"

Kothari Products is a leading FMCG company in India. Its principal product is a highly popular mouth-freshner made to suit ethnic tastes. KPL’s brand Pan Parag is a category leader and has become synonymous with the product category itself. The brand is a household name, is highly habit forming and has one of the strongest distribution networks in the country.

KPL had extremely strong cash flows and the enterprise value did not truly factor in the company’s brand value and cash flow based value. VLS acquired a stake in the company through open market purchases of the company’s stock. VLS was also involved in the company’s IPO and built a strong corporate finance relationship with the company

 

SUNAIR HOTELS LTD

            

www.hotelmetdelhi.com

Five-Star Deluxe International Hotel with State of the art Technology 

VLS provided private equity capital to Sunair Hotels Ltd. to set up the first high-end hotel in India. Sunair set up the Metropolitan in the year 1999-2000 in collaboration with Nikko International Hotels of Japan. Metropolitan is a five star deluxe hotel in New Delhi located near the city’s central business district. VLS supported the venture in multiple ways.

The investment thesis was based on the acute shortage of high-end hospitality space in India especially in New Delhi. India’s hotel industry has grown significantly in the last 10 years, with both inventories of rooms, occupancy rates and ARR’s (average room rentals) on an upswing due to the widening gap between demand and supply of rooms in the major cities in India.

In 1995 VLS invested in 7,000,000 Equity shares of Sunair Hotels Ltd. Subsequently, in the year 2001, VLS subscribed to 2,594,824 Equity shares by way of Rights. As on date VLS holds 9,594,824 Equity shares of the company which is about 24.15% of the total paid-up capital of Rs. 397.50 million.

Today, The Metropolitan Hotel & SPA offers guests a unique blend of Indian and Asian hospitality. Designed for the international business and upscale leisure traveler, the hotel is distinguished by understated elegance. A five-star deluxe international class luxury hotel combining hospitality and warmth with state-of-the-art technology.

Presently, The Metropolitan Hotel & SPA a fine blend of style & substance, is a member ofGreat Hotels of the World, Luxury Collection, an international hotel marketing brand. Looking at the location of the Hotel in Lutyen’s Delhi, close to the main business district, the present true intrinsic value of the Hotel Company may be much more so as to make the investment of VLS a very profitable one.

 

NUCLEUS SOFTWARE EXPORTS LTD

www.nucleussoftware.com

the leading Financial & Banking IT Solutions Provider

Nucleus provides software solutions to the Banking and Financial Services Industry. They have developed solutions spanning from Retail Banking to Corporate Banking, Cash Management, Trade Finance, Internet Banking and Credit Cards. FinnOne™, the Flagship product of Nucleus is a comprehensive suite for Retail Banking applications comprising of modules like Customer Acquisition System, Loan Management, Delinquency and Recovery Management, Deposits and Finance against Securities.

VLS invested in Nucleus when India’s IT and software industry was poised for a take off. Subsequently Indian IT exports have grown at a CAGR of 46% in 1999-2005 and are estimated to exceed USD 60 billion by 2010. Many Indian IT companies have emerged as global leaders in quality in the software services arena. Nucleus stands out as a product company and is one of the fastest growing companies in this sector. Nucleus featured in Deloitte Technology’s ranking of the Fast 500 companies in Asia Pacific for the third consecutive year in 2004. VLS helped take the company public through an IPO.

 

RELAXO FOOTWEAR LTD

 

www.relaxofootwear.com

the Largest Footwear Manufacturer in India

Relaxo is a manufacturer of rubber and light weight slippers and sports, casual and leather shoes. It is the second largest producer of footwear in India and the largest manufacturer of light weight Hawaii slippers. Light weight Hawaii slippers are the most widely used form of manufactured footwear amongst consumers in the middle and bottom of the consumption pyramid. The investment thesis was based on the growth in demand for low cost manufactured footwear from bottom and middle of the pyramid customers who were developing affordability for modern footwear. Relaxo is a household brand in India and is synonymous with Hawaii slippers. VLS also helped take the company public through an IPO.

 

Suven Life Sciences Limited

http://www.suven.com/

The leading research & life science company

Suven Life Sciences, in the business of design, manufacture and supply of Bulk Actives, Drug Intermediates & Fine Chemicals, catering to the needs of global Life Science Industry, is committed to provide customers with products fulfilling customer's needs and expectations.

Suven provides world-class R&D solutions for Global Life Science companies with quality, speed and in a cost effective manner   In search of new CNS therapies for better living, Suven established presence across Contract Research And Manufacturing Services (CRAMS) for NCE based intermediates. Seven has world class infrastructure, equipment and models with over 800 employees.

With over 75% of revenues from US and Europe, Seven has emerged as a full-fledged bio-pharmaceutical solutions provider   for gobal pharmaceutical companies.

 

TRANSPORT CORPORATION OF INDIA 

India's leading Multimodal Integrated Supply Chain Solutions Provider

www.tcil.com

Transport Corporation of India is India's leading integrated supply chain and logistics solutions provider and a pioneer in the sphere of cargo transportation in India. Leveraging on its extensive infrastructure, strong foundation and skilled manpower, TCI offers seamless multimodal transportation solutions. An ISO 9001:2008 certified company, TCIL is listed with premier stock exchanges like NSE and BSE.

The company progressed from being a "One Man, One Truck, One Office" set up to becoming India's leading Logistics & Supply Chain Solutions provider with a Global presence. After 50 years, TCI moves 2.5% of India's GDP by value and is the proclaimed market leader of the Indian Logistics Industry.

TCI Group has an extensive network of over 1000+ company owned offices, a huge fleet of customized vehicles and managed warehouse space of 9.75 million sq. ft. and a strong work force of 5000+. With its customer-centric approach, world class resources, State-of-Art technology and professional management, the group follows strong corporate governance principles and is committed to value creation for its stake holders and its social responsibilities.

 

Gati Limited

http://www.gati.com/

India's pioneer in Express Distribution and Supply Chain Solutions,

Pioneering Express Distribution services in India, since 1989, Gati has transformed the logistic industry in India with many a path breaking revolutionary initiatives that paved the way to an organized logistic industry. With an annual turnover of Rs 12895 Million, Gati today offers an integrated Express Distribution and customized Supply Chain Solutions to customers across diverse industry verticals.

Gati's advantage of seamless connectivity across air, road, ocean and rail has resulted in a plethora of offerings to the customers, unmatched in the industry. Gati operates a fleet of 4000 vehicles on road, 2 marine vessels and over 7000 plus business partners across India.

A market leader in India, Gati has a strong market presence in the Asia Pacific region and SAARC countries. Today, Gati has offices in China, Singapore, Hong Kong, Thailand, Nepal and has plans to foray into other markets.