Portfolio of high growth companies with market leadership

Industry: Media
Transaction Date : 2013

Market leader in Indian Pay TV services

Incorporated in 2004, Tata Sky, a joint venture between Tata Sons and 21st Century Fox, is the market leader in the Indian Direct-to-Home (DTH) satellite television industry in Revenue, Subscriber numbers and Average Revenue Per User (ARPU). Tata Sky has differentiated itself through technological and service superiority by offering industry leading services like High Definition content, Value Added Services (VAS) and Over-the-Top (OTT) streaming. The DTH industry is expected to benefit from the Indian government’s regulation on mandatory digitization, and given Tata Sky's strong brand presence among DTH players the company appears poised for strong growth.

The Tata Opportunities Fund has been an active contributor in our innovation strategy and growth initiatives both at the Board level and outside, thereby helping us build India’s leading content distribution platform.
- Mr. Harit Nagpal, MD & CEO
Tata Sky

Industry: Auto Components
Transaction Date : 2014
Website : www.varrocgroup.com

India's largest unlisted Auto Parts company

Varroc is one of India's largest unlisted auto parts manufacturers with a diversified product portfolio spanning lighting systems, plastics/ polymers, metal forgings, engine valves and electrical parts. The company is a leading auto component manufacturer in the domestic market, along with a significant presence in the global lighting segment.

Varroc has a significant presence in the Indian motorcycle and scooters market with a growing franchise in passenger cars and commercial vehicles. The company's lighting division, Varroc Lighting Systems (formerly a division of Visteon Corporation) is one of the largest global manufacturers of lighting systems servicing marquee OEMs including Jaguar Land-Rover, Ford, General Motors, Volkswagen, Tesla, Chrysler and Bentley among others.

With USD 1.5 billion in revenue in FY16-17, Varroc has an extensive global footprint with 35 manufacturing plants and 8 technical development centers located across 10 countries.

We are delighted to embark on the next stage of our journey towards 2020 with a reputed partner... The Tata Opportunities Fund and its team of investment and operating professionals, not only bolster us financially, but also provide us a strategic spring-board which enables us leapfrog into the next cycle of our growth.
- Mr. Tarang Jain, MD
Varroc Engineering

Industry: Engineering & Construction
Transaction Date : 2015
Website : www.tataprojects.com

Leading Indian Engineering and Construction services

Established in 1979, Tata Projects is a leading pure-play Engineering Construction company (EPC services) of the Tata Group, and one of India's fastest growing infrastructure companies. The company has expertise in executing large and complex industrial and urban infrastructure projects and enjoys leadership positions in the power generation BOP (balance of plant) and power transmission segments.

It also provides turnkey solutions to set up fully integrated rail and metro systems (like the Dedicated Freight Corridor, Delhi Metro etc), commercial buildings, airports, chemical process plants, water and waste water management solutions, complete mining and metal purification systems. EPC companies are expected to be early beneficiaries of an increase in capital spending in India. With Tata Projects proven execution capabilities - embellished through global partnerships with Mitsui, Brookfield Multiplex, Ansaldo, Aldesa, Mitsubishi Heavy Industries, Danieli Corus etc. - and a robust balance sheet (low debt), the company is well placed to garner a material share of new market opportunities. As of March 2017, the company was executing from an active order-book of over USD 4.5 billion with a trailing 12 month revenue of over USD 900 million.

We are sharpening our focus to deliver best-in-class EPC services and enhancing our scale of operations to global levels. We are investing progressively into technology and engineering capabilities and partnering with some of the best global EPC companies to keep Tata Projects at the forefront of the changing global EPC space. We have maintained a strong balance sheet and this partnership (with Tata Opportunities Fund) bolsters our ability to raise additional financial resources, when required.
- Mr. Vinayak Deshpande, MD
Tata Projects

Industry: Real Estate
Transaction Date : 2014
Website : www.shriramproperties.com

Leading Mid-market Housing Developer in India

Shriram Properties, part of the renowned Shriram Group, is one of the leading residential housing developers in South India. Shriram Properties was established in 1995 with the aim of providing good quality, value-for-money housing for mid-market customers. The company is today a focused mid-market property developer with presence in Bengaluru, Chennai, Visakhapatnam, Coimbatore, Kolkata and Hyderabad.

The company has so far developed over 10 million square feet of residential space across 24 projects, with an additional 65 million square feet of space under development. The Shriram Group manages over USD 15 bn in assets across diversified businesses including financial services, real estate, renewable energy, manufacturing and IT services.

This investment by the Tata Opportunities Fund is a testimony to Shriram Properties’ focus on good governance, transparency and commitment to the customers. The Tata Opportunities Fund and its team not only strengthen us financially but also provide us a spring-board to launch us into the next cycle of our growth. Our partnership with the Tata Opportunities Fund, added to the company’s brand, trackrecord, experienced team and other high quality partners, positions Shriram Properties favorably for an IPO in the near future.
- Mr. Murali Malayappan, MD
Shriram Properties

Industry: Technology
Transaction Date : 2015
Website : www.uber.com

Global market leader in On-demand Transportation network

Founded in 2009, Uber is evolving the way the world moves. By seamlessly connecting riders to drivers through its platform, Uber makes cities more accessible, opening up more possibilities for riders and more business opportunities for drivers.

With launches in 500+ cities in 65+ countries as of March 2017, Uber's rapidly expanding global presence continues to bring people and their cities closer.

Tata is synonymous with entrepreneurialism in India and I am incredibly excited to have the Tata Opportunities Fund on board as a partner. Our goal is simple: reliable and affordable transportation at the push of a button everywhere, for everyone. Right now, we’re particularly focused on building a great service for hundreds of millions of Indians - Tata’s leadership and experience will be crucial in helping us meet this important goal.
- Mr. Travis Kalanick, Co-Founder

Industry: Hospitality
Transaction Date : 2012
Website : www.gingerhotels.com

India's market leader in Budget Hotels

RCL operates Ginger Hotels, which is India's leading budget hotel chain with a disproportionate market share in the economy segment. Ginger is the pioneer in the economy segment having revolutionized the Indian hospitality landscape with value offerings to the customer through the philosophy of smart basics. The company is on course to multiplying its room inventory in the coming years.

Tata Opportunities Fund is a highly supportive investor that has regularly provided deep insights on aspects of our property rollout plan / operating model and highlighted global best practices with a focus on driving ROI. We view them as an invaluable partner as we pursue our goal of dominance in the budget-lodging segment in India.
- Mr. Rahul Pandit, MD & CEO
Ginger Hotels

Industry: Logistics
Transaction Date : 2015
Website : www.tvslsl.com

India's market leading Third-party Logistics company

TVS LSL, a company that was carved out of TVS & Sons in 2004, is a diversified Third Party Logistics ("3PL") global company with operations across India, UK, the USA, Europe and South East Asia.

TVS LSL has offices in 8 countries and provides services globally in over 50 countries with more than 100 blue chip customers. TVS LSL offers complete logistics solutions, specializing in warehousing, distribution, and in-plant logistics. TVS has been considered as the best choice for low cost sourcing and complete logistics management for the automotive and auto component industries in India. Over the years, TVS LSL has substantially widened its service capabilities like last mile delivery, demand forecasting and technology logistics through its key overseas acquisitions such as Rico Logistics (UK) and Multipart (UK). In 2015, TVS LSL acquired Drive India Enterprises Solutions Limited (DIESL) from the Tata group. DIESL is a 3PL company in India with a strong presence in the consumer durable sector. Through the combination of DIESL, TVS has revenues of USD 850+ mn with warehousing space in excess of 10 million square feet pan-India.

We are thrilled to be able to bring together two uniquely capable and complementary entities in the 3PL space in India. This move is highly strategic and enables us to add to our already expanding base of non-auto customers. Besides, we have widened our service capabilities including last mile delivery and other capabilities like demand forecasting and technology logistics through our overseas acquisitions. With our sophisticated range of services and capabilities, TVS LSL would be able to provide unmatched support to our (TVS & DIESL) clients in India.
- Mr. R Dinesh, MD
TVS Logistics

Industry: Financial Services
Transaction Date : 2017
Website : www.fincare.com

Fast growing, new Small Finance Bank

Fincare group provides microfinance loans, microenterprise loans and bank partnership loans, serving households, businesses and banking institutions in rural and semi-urban India. Disha Microfin Limited, a Fincare group company, was granted in-principle approval by the Reserve Bank of India in 2015 to set up a Small Finance Bank.

The Fincare platform as of February 2017 had around INR 1,700 crore in Assets Under Management (AUM). Fincare is headquartered at Bangalore and serves over 10 lakh customers in seven states across West and South India. Fincare is amongst the 10 players (out of 72 applicants) selected by the RBI for an SFB license in October 2015. Fincare is a rural-centric financial inclusion platform, and has been one of the highest performing microfinance businesses in India - underscoring the high demand for financial products in the rural segment.

This investment is testament to the scale of the opportunity for financial inclusion in India, and underscores the ability of Fincare products to drive significant revenue expansion alongside social impact for India’s underserved rural communities… will enable us to continue to build the infrastructure required to accelerate our growth, in line with our mission to facilitate a lifetime of progress at the base of the pyramid through financial and social inclusion.
- Mr. Rajeev Yadav, CEO