Piramal Infrastructure

Funds managed

FUND NAMEREGISTRATION NUMBER
PIRAMAL INFRASTRUCTURE FUNDIN/AIF1/13-14/0076

About

Piramal Infrastructure Private Limited is a Private incorporated on 27 August 2010. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 365,000,000 and its paid up capital is Rs. 356,800,000. It is involved in Building of complete constructions or parts thereof; civil engineering

Key staff

Dinesh Roopchand Jain – Dinesh Roopchand Jain is Group Chief Financial Officer at Ashok Piramal Group and is the director for Piramal Infrastructure Private Ltd as well as is the Chief Financial Officer of Peninsula Land Ltd. Mr. Jain is also on the board of 7 other companies. In his past career Mr. Jain occupied the position of Group Chief Financial Officer of Peninsula Land Ltd.

Media

https://www.livemint.com/Companies/NhaaxLxx9IlGQkZRQqPZAI/Piramal-Enterprises-to-invest-10000-cr-in-infra-other-sec.html

Piramal Enterprises Ltd, controlled by billionaire Ajay Piramal, plans to invest ₹ 10,000 crore from its structured finance group in infrastructure and other sectors over the next few years, said a senior executive.

This includes $1 billion in the joint venture of Piramal Enterprises and Dutch pension fund asset manager APG Asset Management NV, announced in July 2014.

They also said that they are focusing on mezzanine and structured deals in the infrastructure space right now and if road deals come their way then they will look at it, but they are not chasing those deals.

Deals in the infrastructure space could range between ₹ 500 crore to ₹ 1,000 crore, although they could be larger than that if required. 

In March, Piramal Enterprises closed a ₹ 900 crore structured finance deal with the GMR Group, the first deal from the company’s joint platform with APG Asset Management NV. In April 2013, Piramal Enterprises invested ₹ 425 crore in Hyderabad-based Navayuga Road Projects Pvt. Ltd and ₹ 500 crore in Green Infra Ltd, a renewable energy firm promoted by private equity fund IDFC Alternatives Ltd. 

Analyst questions

  1. What is your investment philosophy?
  2. Why are there no media interviews from directors of the Infrastructure fund on investment strategy or the fund?
  3. You mentioned shifting to mezzanine and structured deals. Are there any specific reasons why you are shifting from investing in road deals?

Prepared by Vidhi Agarwal 

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