IDFC Private Equity Fund III

South Asia Communications and IT Services, Infrastructure, Manufacturing, Health, Business services, Financial services, Food and agriculture

This is a generalist mid-market private equity fund investing 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, Financial services, Food and agriculture, Health, Infrastructure, Manufacturing
Investment type

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

:
Intermediated investment
Fund manager:
IDFC Private Equity
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

:
May 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.

:
$25m
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
Deepak Cables (India) Ltd

Deepak Cables Ltd. provides power transmission and distribution products in India. It owns a captive aluminium conductor manufacturing facility.

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India South Asia Infrastructure December 2008 Active
Green Infra Limited

Sembcorp Green Infra is one of India’s largest independent renewable power producers. Green Infra's business caters to all forms renewable energy - wind, solar, hydro, biomass and energy efficiency. The company was incorporated in 2008 and is based in Gurgaon, India. Sembcorp Green Infra Limited was previously known as Green Infra Limited.

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India South Asia Infrastructure June 2009 Active
Wireless TT Info Services Ltd (Viom Networks) India South Asia Communications and IT Services August 2009 Active
ACT Telecom Infrastructure Pvt Ltd (formerly VIOM Networks Ltd)

Quipo Telecom Infrastructure Ltd (QTIL) is a telecom tower company in India.

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India South Asia Communications and IT Services August 2009 Active
GMR Energy Limited / Skyron Eco Ventures (GMR Infrastructure)

GMR Energy Limited (GEL), is the subsidiary of GMR Infrastructure Limited, and is focused on energy assets of the group. GEL has 3 operational plants aggregating to about 820 MW and 10 projects under construction/development.

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India South Asia Infrastructure March 2011 Active
GVR Infra Projects Limited

GVR Infra Projects is engaged in the business of construction and development of infrastructure projects. It is mainly focused on roads, but also has presence in bridges, irrigation, railways and urban infrastructure.

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India South Asia Manufacturing July 2011 Active
Star Agriwarehousing and Collateral Management Ltd

Star Agriwarehousing and Collateral Management Ltd. (Staragri) is one of India s leading integrated post harvest services provider. Staragri provides a wide range of services including warehousing, collateral management services and procurement of various agricultural commodities to traders, processors and financial institutions.

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India South Asia Food and agriculture February 2012 Active
Parag Milk Foods Private Limited

Parag Milk Foods Private Limited and its wholly owned subsidiary Bhagyalaxmi Dairy Farms Private Limited are focused on the business of milk procurement, milk processing and the marketing and distribution of milk and related value added products.

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India South Asia Food and agriculture September 2012 Active
Manipal

Manipal Education and Medical Group (MEMG) is one of India’s leading medical research, education, and healthcare services providers. It manages hospitals, education institutions, and medical research facilities. The Bangalore-based company was founded in 1953 and owns and operates onsite campuses in Manipal, Mangalore, Bangalore, Goa, Sikkim, Nepal, Malaysia, the United Arab Emirates, and Antigua. MEMG-CDC Ventures is a new platform established by Manipal and CDC, pooling capital and expertise to back and develop the next generation of out-of-hospital healthcare services.

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India South Asia Health October 2013 Active
Medi Assist Healthcare Services Private Limited

Medi Assist Healthcare Services Private Limited (MAHS) is a healthcare services company with a diversified presence across multiple areas of healthcare services including medical benefits management, preventive and wellness program management, and chronic disease management.

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India South Asia Health October 2013 Active
National Commodity & Derivatives Exchange Limited

National Commodity & Derivatives Exchange Limited (NCDEX) is an online commodity exchange based in India. It provides a commodity exchange platform for market participants to trade in commodity derivatives.

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India South Asia Financial services November 2013 Active