New Silk Route Fund I

South Asia Other consumer services, Infrastructure, Communications and IT Services, Education, Financial services, Food and agriculture, Health, Manufacturing

This is a generalist mid to large cap 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, Pakistan
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.

:
Communications and IT Services, Education, 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:
New Silk Route Advisors
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

:
November 2007
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.

:
Cayman Islands

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Reliance Infratel Ltd

Reliance Telecom Infrastructure Limited (RTIL) is a wireless telecom infrastructure provider engaged in the business of building, owning, and operating wireless communication towers and related assets.

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India South Asia Communications and IT Services July 2007 Active
9X Media Private Ltd

9X Media is an Indian TV broadcasting company. It offers general entertainment Hindi channels, local regional language general entertainment channels, music channels, a national English news channel and city/region centric news channels in Mumbai, Delhi and Kolkata.

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India South Asia Other consumer services August 2007 Active
Rolex Rings Pvt Ltd

Rolex Rings is a leading manufacturer of bearing races (inner and outer rings of a bearing assembly) in India.

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India South Asia Manufacturing September 2007 Active
Augere Holdings (Netherlands) B V

Augere Holdings is among the pioneers attempting to commercialize wireless broadband services across multiple Asian and North African countries. It was established by Sanjiv Ahuja (former CEO and Chairman of Orange SA) and other senior executives from France Telecom.

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India South Asia Communications and IT Services January 2008 Active
Ortel

Ortel is the leading cable and broadband provider in the state of Orissa. The company’s network is enabled for Triple Play (video, data, and voice) through an FCC standard compliant HFC network.

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India South Asia Communications and IT Services April 2008 Active
Beaconhouse (Educational Services (Private) Limited)

Beaconhouse is a leading Asian operator of kindergarten to grade 12 (“K-12”) and pre-K schools. Its fully owned schools and franchises provide an English education to students across nine countries.

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Pakistan South Asia Education August 2008 Active
Dawnay Day AV (Destimoney)

Dawnay Day AV is a retail financial services company in India. DDAV currently has a presence in the equity brokerage, insurance and mutual fund distribution, and wealth management spaces. The company operates out of approximately 40 branches in 8 metros across India.

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India South Asia Financial services August 2008 Active
KS Oils Ltd

KS Oils is an edible oil FMCG company with a product range constituting mustard and refined oils in India.

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India South Asia Food and agriculture July 2009 Active
Nectar Lifesciences Ltd

Nectar Lifesciences is a leading global supplier of active pharmaceutical ingredients for sterile injectable and oral Cephalosporins, an important class of antibiotics.

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India South Asia Health February 2010 Active
Coffee Day Resorts Pvt Ltd

Coffee Day Resorts comprises of various companies under the Coffee Day brand in India including a retail coffee chain and coffee vending machines, as well as the procurement, processing and exporting of coffee.

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India South Asia Other consumer services March 2010 Active
Varsity Education Mge Pvt Ltd (Anumati Properties)

Varsity Education owns two education management companies that provide teacher training, as well as services in several areas: infrastructure facilities, text books, recruiting, IT, finance and accounting training.

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India South Asia Education March 2011 Active
Vasudev Adigas Fast Food Pvt Ltd

Vasudec is a Bangalore-based restaurant chain providing vegetarian fast-food. It also has a catering division that mainly serves corporate clients.

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India South Asia Other consumer services March 2012 Active
Gastronomy Management Services Pvt Ltd

Gastronomy Management Services is an operator of food and beverage sector businesses in India and South Asia.

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India South Asia Other consumer services March 2013 Active
Ascend Telecom Infrastructure Pvt Ltd

Aster Infrastructure (AIPL) leases telecom infrastructure for the mobile services and wireless sector in India. AIPL also provides value added services to telecom operators like specialized site acquisition, project management and soil testing services.

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India South Asia Communications and IT Services March 2017 Active