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Rajasthan Venture Capital Fund Managed by Rajasthan Asset Management Company Private Limited

Emerging opportunities in Technical Textiles -Rajasthan Perspective 13 th September, 2010. Rajasthan Venture Capital Fund Managed by Rajasthan Asset Management Company Private Limited. Objective. Supporting growth in Technology and the emerging high growth sectors

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Rajasthan Venture Capital Fund Managed by Rajasthan Asset Management Company Private Limited

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  1. Emerging opportunities in Technical Textiles -Rajasthan Perspective 13th September, 2010 Rajasthan Venture Capital Fund Managed by Rajasthan Asset Management Company Private Limited

  2. Objective • Supporting growth in Technology and the emerging high growth sectors • Provide healthy returns to the Contributors/ Investors by realizing substantial long-term capital appreciation • Focus on SMEs through early and growth stages of funding

  3. RVCF I • RAMC setup in the year 2002-03 jointly by RIICO, SIDBI, Bank of Rajasthan and few IT companies, as an autonomous private sector company. • RAMC acts as Investment Manager to Rajasthan Venture Capital Fund (RVCF) with twin objective of supporting growth of technology and innovations and to provide healthy returns to its contributors. • Investment Pan India : focus -Rajasthan and NCR. • RAMC has two Funds under its management ie RVCF-I and RVCF-II • RVCF-I commenced operations in the year 2003 with a pilot corpus of INR 16 Cr. contributed equally by RIICO and SIDBI. • The first fund invested INR 16 Cr in 10 projects: 5 in IT sector, 2 each in Retail and Tourism sectors and one in bio-technology sector - located in Rajasthan and National Capital Region (NCR).

  4. RVCF II • RVCF-II started operations in 2008-09 on receipt of the permission • from Securities Exchange Board of India (SEBI). • Committed corpus of INR 115 Cr. contributed by 11 contributors ( FIs, Insurance companies and Technology Dev. Board). Raising additional corpus of INR 35 Cr under “Green Shoe” option. • Preferred sectors: Information Technology, Biotech, Auto, Clean Tech, Agro & Food processing, and Other High Growth newTechnology based Projects. • Second Fund (RVCF -II) –Recently committed INR 73.45 Cr in 8 projects : -Two each in IT and Retail . One each in Agro, Health, Auto and Media. • RVCF is one of the three regional funds, out of 12 such funds supported by SIDBI, to have successfully raised second fund, based on its successful track record.

  5. Performance matrix of Investee companies – RVCF I V A S A R I

  6. Imaging Super Consultants Pvt. Ltd. Recent Investments of RVCF II SEBACIC INDIA LIMITED

  7. Investment Strategy • A) Investment • Preferred sectors: Information Technology, Biotech, Auto, Clean Tech, Agro & Food processing, and Other High Growth newTechnology based Projects. • Upto 40% equity • B) Geographical Reach • Pan India investments with focus on Rajasthan and NCR • C) Investment Range • Investment range: INR 2 Cr to INR 15 Cr per VCU • D) Investment Horizon • 3 to 5 years with expected IRR of over 20% • E) Investment Instruments • Equity shares • Optionally convertible cumulative preferences shares (OCCPS) • Optionally convertible debentures (OCD), etc. • or as permitted by SEBI

  8. Exit Options • Strategic Sales-Mergers/acquisitions or Trade Sale • Initial Public Offerings (IPOs) to the public. • Buy back by company/promoters.

  9. WHAT SHOULD A GOOD BUSINESS PLAN INCLUDE • Executive Summary - Brief Details of the Project and Extent of Financial Support Required. • Description of Business and its industry • Details of idea/plan • Scalability • Entry barriers • Creation of value • Market Research and analysis • Design and development plans • Operational plan • Management team / organization • Critical risk and problems • Financial plans • Competitive Strengths As Perceived By the Promoters and the Management. • SWOT Analysis • Proposed Exit

  10. The Do’s & Don’ts of Business Plans • The business plan is best written by the management itself, • Know what you don’t know and make sure you spend the time to figure it out, • Avoid exaggeration of the facts and support your claims, • Address key concerns of the audience, • Tailor make the plan to suit the profile of the audience, • Discuss all identified risks, don’t be selective, • Develop the financials and executive summary sections last, • Get an outsider’s perspective, and • Avoid jargon and “fluffy” adjectives such as “best”, “superior”, etc. without supporting justification.

  11. Thank You Girish Gupta CEO, RVCF girish@rvcf.org

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