Baring India Private Equity Fund III Ltd

South Asia Construction and real estate, Health, Financial services, Infrastructure, Manufacturing, Other consumer services, Business services, Communications and IT Services, Food and agriculture

This is a generalist private equity growth fund in India.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
India
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Business services, Communications and IT Services, Construction and real estate, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing, Other consumer services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
Baring Private Equity Partners India
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
March 2008
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$50m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Sphaera Pharma Pte Ltd

Sphaera Pharmaceutical is engaged in the discovery and development of pharmaceutical drugs.

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India South Asia Health December 2008 Active
Shilpa Medicare Limited

Shilpa Medicare Limited is a manufacturer of active pharmaceutical ingredients (APIs) with a focus on the oncology segment.

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India South Asia Health September 2010 Active
Balmer Lawrie Investments

Balmer Lawrie Investments Limited (BLIL) was set up as a Special Purpose Vehicle (SPV) for a limited purpose, to hold shares of Balmer Lawrie Company, a diversifed company with mutliple segments (government owned enterprise with eight business verticals - Industrial Packaging, Greases & Lubricants, Leather Chemicals, Refinery & Oilfield Services, Tea Blending & Packaging, Travel, Logistics Services and Infrastructure).

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India South Asia Financial services December 2010 Active
Manappuram Finance Limited

Manappuram Finance Limited provides loans to borrowers against the pledge of household gold jewellery.

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India South Asia Financial services December 2010 Active
Vardhman Holdings Ltd

Vardhman is a leader in the textile industry with operations in the segments of yarn, sewing thread, steel, and fabric.

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India South Asia Manufacturing December 2010 Active
TD Power Systems Limited

TD Power Systems is the largest manufacturer of sub 52 MW AC generators in India with a current capacity to manufacture 30 machines/month with average capacity of 12,500 kVA.

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India South Asia Manufacturing July 2011 Active
Sintex Industries Limited

Sintex Industries is now a leading provider of plastics and textiles. The plastic division offers a variety of products, such as water storage tanks, plastic doors, electric and automobile components.

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India South Asia Business services November 2012 Active
Redington India Limited

A leading integrated supply chain management solution provider.

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India South Asia Communications and IT Services January 2013 Active
Lupin Ltd

A fully vertically integrated company with capability in manufacturing and marketing generic pharmaceuticals.

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India South Asia Health September 2013 Active