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Private Equity
kedaara.com

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Investments

14

Portfolio Exits

6

Funds

2

Partners & Customers

1

About Kedaara Capital

Kedaara Capital is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. The Company partners with entrepreneurs, management teams, and family-owned businesses and provide deep strategic & operational expertise, consultative approach, and global connectivity to build enduring value and competitiveness in such businesses. Its target sectors include logistics, packaging, specialty chemicals and ingredients, pharmaceuticals, and potentially finance companies.

Kedaara Capital Headquarter Location

Level 7, Tower 1 NeXTeracom

Ebene,

Mauritius

+230 54433412

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CB Insights Intelligence Analysts have mentioned Kedaara Capital in 1 CB Insights research brief, most recently on Sep 18, 2019.

Latest Kedaara Capital News

Norwest and Kedaara Capital lead a Rs500 crore round in MSME focused lender Veritas Finance

Oct 7, 2021

2 min read . Updated: 07 Oct 2021, 07:05 PM IST Swaraj Singh Dhanjal The round also includes a secondary share sale of Rs60 crore by some early investors of the company and some former employees Listen to this article MUMBAI : Veritas Finance Pvt. Ltd, a non-banking finance company (NBFC) focused on lending to micro, small, medium enterprise (MSME) with presence in eight states on Thursday said that it has raised Rs440 crore of primary investment through a Series F round led by existing investors Norwest Venture Partners, Kedaara Capital and Caspian with support from new investors Evolvence India Fund III Ltd and Growth Catalyst Partners LLC. The round also includes a secondary share sale of Rs60 crore by some early investors of the company and some former employees. Promoted in 2015 by D. Arulmany, Veritas Finance has since created a loan book of more than Rs.1750 crore, having a customer base of over 60,000 present across eight states and one union territory with over 218 branches backed by 2,402 employees. The lender provides business loans for self employed people and home construction loans for these customers. It offers loans in ticket sizes of Rs3-10 lakhs for a duration of 5-7 years. “The company has handled the COVID crisis which hit the MSME segment well and is today well positioned to scale up the volumes significantly. The informal micro enterprises of the MSME segment in the rural areas which are the core focus segment of the organization has shown tremendous resilience during COVID and have demonstrated excellent repayment culture, despite enormous challenges during the last fifteen months," said  D. Arulmany, MD & CEO, Veritas Finance. Despite the impact of the covid-19 pandemic and the lockdowns, the lender managed to report a 20% growth in its loan book in FY21, said Arulmany, and expects to clock a 40-50% growth in FY22 to grow its loan book to around Rs2,400-2,500 crore. The lenders gross non-performing assets (NPA) stood at 2.5% as of 31 March 2021 and Arulmany expects to close FY22 with NPA levels of below 2% as the lender has seen its collection efficiency recover to precovid levels and its customer base has shown strong resilience to the disruptions caused by covid-19. Arulmany said that the lender is seeing strong demand for loans in states such as Andhra Pradesh, Tami Nadu and Telangana. The lender, which is currently present mostly in southern and eastern states, will look to expand its geographic presence in western India in the next 12-15 months, he said. “The business continues to demonstrate strong execution, great team culture with a vision to become one of India’s leading retail NBFCs. The Company has invested in the right building blocks to enable scale with a high degree of corporate governance, technological prowess and institutionalization," said Shiv Chaudhary, Managing Director of Norwest Venture Partners, India.

Kedaara Capital Investments

14 Investments

Kedaara Capital has made 14 investments. Their latest investment was in Veritas Finance as part of their Series E - II on October 10, 2021.

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Kedaara Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/6/2021

Series E - II

Veritas Finance

$58.9M

No

1

3/20/2020

Series E

Veritas Finance

$48.7M

Yes

1

2/18/2020

Private Equity

Ami Life Sciences

$40M

Yes

1

2/11/2020

PIPE

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$99M

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10

9/16/2019

Series F

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$99M

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10

Date

10/6/2021

3/20/2020

2/18/2020

2/11/2020

9/16/2019

Round

Series E - II

Series E

Private Equity

PIPE

Series F

Company

Veritas Finance

Veritas Finance

Ami Life Sciences

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Amount

$58.9M

$48.7M

$40M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Kedaara Capital Portfolio Exits

6 Portfolio Exits

Kedaara Capital has 6 portfolio exits. Their latest portfolio exit was Vijaya Diagnostic Centre on September 03, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/3/2021

IPO

3

00/00/0000

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$991

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10

00/00/0000

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10

00/00/0000

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$991

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10

00/00/0000

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Subscribe to see more

10

Date

9/3/2021

00/00/0000

00/00/0000

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

$991

Acquirer

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Sources

3

10

10

10

10

Kedaara Capital Acquisitions

4 Acquisitions

Kedaara Capital acquired 4 companies. Their latest acquisition was Religare - Health Insurance Business on February 07, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

2/7/2020

Acquired Unit - Fin

2

10/11/2018

Secondary Market

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$99M

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10

5/21/2018

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$991

$99M

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10

2/12/2016

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$99M

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10

Date

2/7/2020

10/11/2018

5/21/2018

2/12/2016

Investment Stage

Secondary Market

Companies

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Valuation

$991

Total Funding

$99M

$99M

$99M

Note

Acquired Unit - Fin

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Sources

2

10

10

10

Kedaara Capital Fund History

2 Fund Histories

Kedaara Capital has 2 funds, including Kedaara Capital II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/27/2017

Kedaara Capital II

Buyouts & Acquisitions

$795M

5

11/8/2013

Kedaara Capital I

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$99M

10

Closing Date

12/27/2017

11/8/2013

Fund

Kedaara Capital II

Kedaara Capital I

Fund Type

Buyouts & Acquisitions

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Status

Amount

$795M

$99M

Sources

5

10

Kedaara Capital Partners & Customers

1 Partners and customers

Kedaara Capital has 1 strategic partners and customers. Kedaara Capital recently partnered with SS&C Technologies on December 12, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

12/3/2020

Vendor

SS&C Technologies

United States

Kedaara Capital Chooses SS&C for Fund Administration

Kedaara Capital combines the strengths of a well-networked , highly experience local investment advisor with the experience of our strategic partner , Clayton , Dubilier & Rice , a pioneering global private equity firm whose investment model blends financial skills with operating expertise .

4

Date

12/3/2020

Type

Vendor

Business Partner

SS&C Technologies

Country

United States

News Snippet

Kedaara Capital Chooses SS&C for Fund Administration

Kedaara Capital combines the strengths of a well-networked , highly experience local investment advisor with the experience of our strategic partner , Clayton , Dubilier & Rice , a pioneering global private equity firm whose investment model blends financial skills with operating expertise .

Sources

4

Kedaara Capital Team

3 Team Members

Kedaara Capital has 3 team members, including undefined undefined, undefined.

Name

Work History

Title

Status

Manish Kejriwal

Temasek Holdings

Founder

Current

Sunish Sharma

Founder

Current

Nishant Sharma

Founder

Current

Name

Manish Kejriwal

Sunish Sharma

Nishant Sharma

Work History

Temasek Holdings

Title

Founder

Founder

Founder

Status

Current

Current

Current

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