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Welcome to the 9th AVCJ Private Equity & Venture Forum in India

India PE in 2009: A contrarian's nirvana?

Plummeting public markets could create untold opportunities for Indian PE firms. Despite the question mark hovering over IPO exits in the current climate, tanking valuations on public markets and a tightening credit cycle mean that public and private companies needing to raise more cash for investment and growth may find themselves forced into the arms of private equity funds. With a reputed US$15 billion wall of disenfranchised Euro and US cash headed towards Indian PE, could this be a match made in heaven?

On the flip side of course, according to a report by SMC Global Securities, funds which made PIPE investments in 2007 are likely to find their investments already under water, thanks to the 40% retrenchment in the Sensex over the first six months of 2008. Extrapolated, the report's findings suggest that some PIPEs made in 2006 may be beginning to teeter on the brink. Might the investments form the basis for an Indian restructuring and recovery play in the coming couple of years? Certainly if Indian companies are as guilty of under-investing in their own businesses as the joint Deloitte / Sensex report of April 2008 suggests, there may be a lot of distressed and growth opportunities coming private equity's way.

India's economy is experiencing a slowdown for the first time in years, suffering from an antagonistic foreign exchange rate which simultaneously makes the country's goods and services more expensive to its overseas customers, whilst making foreign assets more attractive to Indian companies. At the same time inflation, which broke the 11% barrier in June 2008, is being fuelled by two global phenomena: Increasing oil and food prices are responsible for all but 2-3 percent of the current glut. Could private equity be instrumental in securing India's rise to international stardom on the M&A front, and how long will it take this appetite for international acquisitions to trickle down to much-needed domestic consolidation?

Come and join us this year in Mumbai's Grand Hyatt Hotel to uncover the answers to these fundamental questions, as well as many others, and to meet everyone who is anyone in Indian Private Equity.

Confirmed speakers (partial list)
Keynotes
MAHESH VYAS
Managing Director & CEO
Centre for Monitoring Indian Economy Pvt. Ltd.
ISHAAT HUSSAIN
Executive Director & CFO
Tata Sons

Senior Industry Professionals
KEKI MISTRY
Vice Chairman & Managing Director
Housing Development Finance Corporation
PATRICIA DINNEEN
Managing Director
Siguler Guff & Company, LLC
ANUBHA SHRIVASTAVA
Portfolio Director, South Asia & South East Asia
CDC Group plc
KHALED AL-MUHAIRY
CEO
Evolvence Capital
RAHIM PENANGWALA
Head of Private Equity, India
LGT Capital Partners
SANDEEP NAIK
Managing Director & Co-founder
Apax Partners India Advisers Private Ltd
AMIT CHANDRA
Managing Director
Bain Capital
ASHISH DHAWAN
Sr. Managing Director
ChrysCapital
ROOPA PURUSHOTHAMAN
Managing Director, Future Capital Research
Future Capital Holdings Ltd
ABHAY HAVALDAR
Managing Director, India
General Atlantic Partners
HERAMB R. HAJARNAVIS
Vice President, Principal Investment Area
Goldman, Sachs & Co.
PUNEET BHATIA
Managing Director & Country Head - India
TPG
PRAVEEN KADLE
Founding Managing Director & CEO
Tata Capital Ltd
AJAY LAL
Managing Director
AIF Capital
NITIN DESHMUKH
Group Head, Private Equity
Kotak Mahindra Venture Capital Finance
MANISH SAIGAL
Executive Director & Head, Strategic & Commercial Intelligence (SCI), India
KPMG
KARTIK PARIJA
Co-founder & Managing Director
Zephyr Peacock India Fund
ANIL AHUJA
Managing Director & Co-Head, Asia
3i India Private Limited
DHANPAL JHAVERI
Executive Director
Future Capital Holdings Ltd
ARCHANA HINGORANI
Executive Director
IL&FS Investment Managers
RAJA PARTHASARATHY
Managing Director
IDFC Private Equity
ATUL KAPUR
Managing Partner
Indivision
VIJAY SAMBAMURTHI
Founder
Lexygen
ROBERT PETTY
Managing Partner
Clearwater Capital Partners
RANJEET NABHA
Managing Director & CEO
WL Ross India
DARIUS PANDOLE
Partner
New Silk Route Advisors Pvt. Ltd.
NIKHIL KHATTAU
Managing Director
Mayfield Advisors Pvt. Ltd.

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