Business Daily from THE HINDU group of publications
Saturday, Sep 22, 2007
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Business Daily from THE HINDU group of publications Saturday, Sep 22, 2007 ePaper |
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Markets
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Interview
Mr Vishal Tulsyan Nilanjan Dey Kolkata, Sept. 21 Motilal Oswal, which recently stepped into the world of venture funding, plans to be a sector-agnostic player, eager to spot niche companies that need capital. “We are eyeing 5-6 cases at the moment,” Mr Vishal Tulsyan, Director and CEO, Motilal Oswal Venture Capital Advisors, told Business Line in an interview. Excerpts: What sort of investments have you lined up? We are considering an investment of about Rs 25 crore in an unlisted company, one that operates in a very special area. I cannot name it or even the sector it operates in right now, but an announcement can be expected shortly. This will be our third investment, the other two being Time Technoplast and IMP Powers. In each case, the outlay has been less than Rs 20 crore. The third case that I am referring to has been promoted by technocrats who have zeroed in on a sound business plan. How many transactions are you working on? There are five or six companies we are looking at. It is a bit too premature to talk about them in some detail. What can indeed be said is that we hope to deploy 30-40 per cent of our funds within a reasonable length of time. The next year will be critical for us as we hope to intensify our search for good ideas during this period. Now that the parent company is a listed entity, this may well happen, provided we perform well and accomplish what we have set out for. The venture capital business, for all the activity that this domain has seen, is still quite new in India. It is only in the last few years that venture capitalists have made serious news. This means the business has many milestones to cross. At the same time, venture capitalists have started making a difference to entrepreneurs’ efforts. What will determine performance in this business? It is crucial for a venture capital company to spot opportunities early … early enough to make these part of its investment agenda. Partnering with unique enterprises and seeing them mature is more often than not a rewarding experience. This is what should drive a venture capitalist’s initiatives. The universe of venture capitalists has already seen the arrival of large institutional players. I am referring to the ICICI Banks of the world. We expect to leverage the framework created by Motilal Oswal, which is now playing a central role in the securities business. More Stories on : Interview | Venture Capital
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