Amit Chandra's guest appearances

Amit Chandra

Play to Potential Podcast

Awakin Call

Business Standard Podcast

The BS Upshot

Marc Faber

Nicholas Stern

Puneet Nanda

Shaktikanta Das

Andrew Holland

Martin Wolf

Morgan Stanley

Tarun Mehta

Bhavna Suresh

Leena Nair

Naveen Munjal

Renuka Ramnath

Piyush Singh

Mark Matthews

Thomas Malthus

OwlTail

Q: In the Budget this year, the govt has acknowledged the importance of the private equity space. What is the change that you have seen in the last two years in terms of behaviour of FPI flows?   Ans: &gt;Industry has contributed enormously to national development &gt; Few years ago, PE and VC inflows in India used to be $20-30 billion a year &gt;Last year PE and VC inflows in India touched $50 billion &gt;PEs and VCs now contribute to a lion’s share of India’s FDI &gt;Strategic investors have become insular globally, and PE/VC investors have replaced them &gt; PEs and VCs have dwarfed FII inflows &gt;Govt is realising that PE and VC investors are stable and increasing their allocation in India &gt;Aspire to increase PE and VC inflows to $75 billion in a year &gt;Propose creating a local PE and VC community &gt;Govt should address the pain-points and envision a long-term roadmap to accelerate the growth rate    Q: You said that strategic investors are getting insular. Why’s that happening? And referred to a local PE and VC community. What is the situation today on the ground? Ans: &gt;After the global financial crisis, strategic investors fortified their home markets &gt;Many sovereigns raised the barrier for cross-border investments &gt;Domestic institutional investors is critical to the market &gt;Selloffs in Indian equity markets are cautioned by domestic institutional and retail investors &gt;Need to figure how India can become a financial services powerhouse in Asia and the world     Q: How do you do that? What are the one or two things that the policy would require? Ans: &gt;A high-level committee can look at issues on taxation of PEs and remove disincentives &gt;PEs could be allowed to distribute shares in species &gt;Revisit the framework of each regulator to make it easy for insurance companies invest in PEs &gt;Insurance companies, banks, pension funds are huge investors in PEs &gt;The industry has not played a big role in funding MSMEs &gt;Propose selective incentives to encourage PEs and VCs to invest in MSMEs &gt;Propose govt to become co-investor in MSME funds    Q: Where will the money come from?  Ans: &gt;A decent fund creates 2.5x returns in five years &gt;Need to widen the ambit of some funds rapidly    Q: If you look at the PLI scheme, there is a global part and a domestic part. If you are going to look at ta similar model, from a govt’s perspective one would also look at how they create funds that are specific to India. Do you see that’s also happening when you talk of Aatmanirbhar Bharat?  Ans: &gt;Most global firms are not likely to start India-specific funds &gt;Global firms generally don’t like country-specific funds, because continent-specific funds give better diversification  &gt;Many foreign LPs who like to participate in a country come in through a local firm and get their exposure through different kind of vehicles    Q: The government has also big plans for asset monetisation of infrastructure projects. How do you see this opportunity as a global PE investor? Will you participate in conjunction with domestic PE players? Ans: &gt;No distinction between domestic and international investors in this opportunity &gt;It is an opportunity to participate in the cash flow &gt;Investors will probably participate through companies in which they have stakes — it does not matter whether it is control or not &gt;There are hundreds of such companies in which global PEs have stakes in India &gt;Investors could fund such transactions through equity inflows using a rights issue or preferential issue in companies where they already have stakes    Watch video

PE space needs PLI-like framework, says Bain Capital's Amit Chandra

GUEST Amit Chandra heads Bain Capital in India and is a Managing Director in the Financial and Business Services Vertical and a member of the Asia Pacific Private Equity team and a part of its leadership group. Before joining Bain Capital Private Equity, he spent most of his professional career at DSP Merrill Lynch, a leading Investment Bank in India. He retired from DSP Merrill Lynch in 2007 as a Board Member &amp; Managing Director. Amit is also a committed Philanthropist. He and his wife Archana (CEO - Jai Vakeel Foundation and Research Centre) aim to donate 90% of their wealth to social causes. He has moved to a part-time model in Bain Capital where he devotes 50% of his time to Bain Capital and the remaining 50% to Social Impact and related topics. In our conversation, Amit spoke about his formative years and his early career choices including the decision to come back to India after an MBA in the US and join Investment Banking. He spoke at length about how he was able to have a successful career in Investment Banking despite his style running counter to the prevalent “wining and dining” culture in Banking. He spoke about how he thought about the transition from Banking to Private Equity and related that to his life goals and how they had evolved over time. He spoke about how he has cultivated an apprenticeship culture at Bain Capital. Finally, he spent talking about how he has been strategic about spending his time and money towards social impact related topics. Published in April 2018.I hope you find the conversation as purposeful as I did. We value your feedback on the podcast. If you have 3 minutes, please visit http://bit.ly/p2pfdback. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.

GUEST Amit Chandra heads Bain Capital in India and is a Managing Director in the Financial and Business Services Vertical and a member of the Asia Pacific Private Equity team and a part of its leadership group. Before joining Bain Capital Private Equity, he spent most of his professional career at DSP Merrill Lynch, a leading Investment Bank in India. He retired from DSP Merrill Lynch in 2007 as a Board Member &amp; Managing Director. Amit is also a committed Philanthropist. He and his wife Archana (CEO - Jai Vakeel Foundation and Research Centre) aim to donate 90% of their wealth to social causes. He has moved to a part-time model in Bain Capital where he devotes 50% of his time to Bain Capital and the remaining 50% to Social Impact and related topics. In our conversation, Amit spoke about his formative years and his early career choices including the decision to come back to India after an MBA in the US and join Investment Banking. He spoke at length about how he was able to have a successful career in Investment Banking despite his style running counter to the prevalent “wining and dining” culture in Banking. He spoke about how he thought about the transition from Banking to Private Equity and related that to his life goals and how they had evolved over time. He spoke about how he has cultivated an apprenticeship culture at Bain Capital. Finally, he spent talking about how he has been strategic about spending his time and money towards social impact related topics. Published in April 2018.I hope you find the conversation as purposeful as I did. We value your feedback on the podcast. If you have 3 minutes, please visit <a href="http://bit.ly/p2pfdback" rel="nofollow" target="_blank">http://bit.ly/p2pfdback</a>. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (<a href="http://www.transitioninsight.com" rel="nofollow" target="_blank">www.transitioninsight.com</a>) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at <a href="https://in.linkedin.com/in/djayaraman" rel="nofollow" target="_blank">https://in.linkedin.com/in/djayaraman</a> OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.

294: 27.00 Amit Chandra - The full conversation