CXOs from India make a mark at the Ironman Triathlon Challenge

MUMBAI, 31 OCTOBER, 2022 (TGN): Ram Gopal, Kartik Iyer and Amit Vasistha (CEOs, CXOs from India) recently successfully finished the much coveted Ironman70.3 triathlon in Astana, Kazakhastan, an experience for athletes all around the world.

The three corporate leaders from India that championed the cause of wellness at Ironman 70.3 were Amit Vasistha, a former investment banker, Founder and CEO of wellness startup GALF (more popularly known for their brand MyGALF.com). Ram Gopal is the current serving India CEO of leading international bank. Kartik is senior leader and a seasoned banker.

In the post covid world, holistic wellness has become a raging concern. Staying healthy and fit has become an unsaid priority for everyone. Sadly though, very few seem to be taking the real steps to transform their lives towards achieving these health goals. Not surprisingly the stress, anxiety and Heath issues like obesity, hypertension are at an all time high today, especially amongst corporate organization.

However, the situation is not all gloomy as there are corporate leaders and CXOs who are leading the cause of wellness from the front independently. Several corporate leaders have taken it upon themselves to serve as role models when it comes to giving wellness its due importance along side their corporate responsibilities and maintaining a healthy and balanced approach to work and life.Ends

Inga, TIH Singapore tie up to launch PE fund to invest in mid-size Indian cos.

G. S. Ganesh, founder of INGA

Fund with overall target of around ₹ 5 bn will follow a sector agnostic approach with positive bias towards Specialty Chemicals, FMCG, Electronics, Food & Agriculture and Healthcare/Pharma

National, 11^th October 2022 (TGN): Inga Ventures (Inga), in partnership with TIH Limited (TIH), Singapore, is launching a ₹ 1,250 mn private equity fund “Ekkum TIH Emerging Opportunities Fund” for investing in mid-size enterprises in India. The Fund has received commitment of ₹ 250 mn from the sponsors and their affiliates.

 

The Fund will infuse growth capital in mid-size emerging companies operating in niche segment with strong track record. The Fund will aim to target companies with a clear expansion and value creation plan. The initial size of the fund is targeted at ₹ 1,250 mn and the overall target is ₹ 5 bn.

 

The Fund will follow a sector agnostic approach with positive bias towards Specialty Chemicals, FMCG, Electronics, Food & Agriculture and Healthcare/Pharma.

 

Commenting on the launch, G. S. Ganesh, founder of INGA, expressed confidence in establishing a strong and sound platform for nurturing success stories. He added that with solid experience in dealing with emotions of founders, the fund will tap the best in industries and partner them in their growth journey. He further commented that the partnership with TIH brings the best combination of the strong network and long term relationship of Inga and long standing investment experience of TIH. The strength of Inga is a collective experience of over 100 years comprising its founders and key management personnel.

 

Commenting on the partnership, Allen Wang from TIH said, “We are delighted to partner with Inga, a premier and veteran corporate finance/investment banking firm in India with mid-cap segment focus. Their wide reach across the country presents great investment opportunities for us in the middle market space in corporate India. We are confident that the partnership will help both parties to expand our opportunities in a quickly expanding Indian economy – from both a direct investment and cross-board perspective.”

 

Inga has emerged as a boutique relationship investment banker (IB) with a two decades of successful track record of nurturing family enterprises to a strong listed company or navigate its exit through M&As. In all these, Inga has displayed the key traits of managing the family aspirations vis-a-vis their hesitancy to cede control.

 

With this background and strong emphasis on family grown SME business Inga Ventures has stepped in to the next and logical phase of promoting a PE fund which will invest in such opportunities.

 

About Inga Ventures

Founded by a 1st generation investment banker, Mr. G S Ganesh, Inga Ventures has been offering boutique investment banking services to Indian corporates since 1999. Inga provides a broad range of services in the areas of equity capital market, private equity, corporate advisory and merger & acquisition.

 

About TIH Singapore

TIH Limited (TIH) is an SGX-listed closed-end fund set up in 1994, and is managed by one of the most established private equity investment teams in Asia. TIH currently has two business segments – Investment Business and Fund Management. Under the former, TIH is involved in special situation investments in both public and private companies, acquisitions of secondary portfolio and non-core assets, private credit, and long term strategic private equity. Under the Fund Management segment, TIHIM, a wholly-owned subsidiary of TIH, which holds a Capital Markets Services License issued by the Monetary Authority of Singapore, is a multi strategy investment manager with current asset under management of more than USD 1.12 billion in strategies such as special situation, public equity and private equity.