Amber Enterprises India Private Limited
Amber is India’s leading OEM supplier of white goods, including air conditioners, microwave ovens, refrigerators etc. The company has consistently been awarded best OEM and various innovation awards from its customers. It is extremely cost competitive as it has engaged in manufacturing of import substitution components of its products and through high level backward integration. It is well diversified across customers and has a fast growing diversified portfolio of products.
The company is riding on the domestic consumption story with rising disposable incomes and easy finance options and has experienced strong growth across products.
Shakti Pumps Limited
Shakti Pumps is India's leading submersible pump manufacturer. It's products are used in over 60 countries, successfully competing with the world largest player Grundfos in the world market.
The product's USP is lower running costs due to high energy efficiency, being the only five-star BEE certified motors and providing savings of over 30 per cent over other competing products. The pumps have high wear resistance due to the material used, which also lowers installation costs.
The investment in Shakti Pump is a secular play on the scarcity of above ground water - probably the biggest investment opportunity of the twenty first century, and on energy efficient products.
Ganesh Ecosphere Limited
Ganesh Ecosphere Ltd. (earlier Ganesh Polytex Ltd.), a BSE listed company, is the country’s largest manufacturer of Recycled Polyester Staple Fiber (RPSF) using post – consumer PET bottles.
RPSF is an environmentally friendly polyester fiber that cost-effectively replaces virgin polyester fiber in numerous clothing and non-clothing applications. RPSF is additionally washable, durable, comfortable and hygienic that makes it a desirable alternative for foam, cotton and polypropylene in the manufacture of lifestyle and home furnishing products. Most application areas of RPSF are expected to see continuing growth driven by high consumption and favorable macro-economic factors.
Ganesh Ecosphere, with over two decades of existence in the industry, has periodically expanded its capacities and upgraded its technology while consistently maintaining excellent cash flows and profitability. IFCI Venture Capital invested in Ganesh Ecosphere in the form of growth equity to enable it to forward integrate into the spun yarn manufacturing business that uses RPSF as a raw material.
A Power Himalayas Limited
A Power Himalayas Limited is a Himachal Pradesh based company involved in design and implementation of Small Hydro Power Projects as well as operation on BOOT basis. It is also involved in the tourism development areas through ropeway and ski-center development projects. Along with group companies, it has developed about 27.75 MW through 8 small hydro power projects in Himachal Pradesh and Uttarakhand.
IFCI Venture invested in the company to help commence operations of two grid connected power projects at Gangani & Badyar of 9.5 MW & 4.9 MW respectively. The projects had completed majority of the implementation work in both projects before IFCI Venture’s investment. These projects are eligible for MNES subsidies.
KVM Energy Pvt Limited
KVM is a diversified power group having interests in biomass, hydro, thermal and natural gas based power projects. The promoters have rich power project implementation experience and the group’s previously completed power plants are generating more than 140 MW of power.
IFCI Venture Capital invested in KVM to part finance a 15 MW grid connected small hydro power generation plant under in the state of Karnataka. This is a stream based small hydro project with two generating units of 7.5 MW each. The invested project was under advanced stage of completion during IFCI Venture’s investment and subsequently became operational beginning May 2010. The project is enrolled with UNFCCC for receiving carbon credits and MNES subsidy. The generated electricity will be sold under a profitable tariff based power purchase agreement to Karnataka Power Transmission Corporation Limited (KPTCL).
Regent Energy Limited
Regent Energy is a subsidiary of Excel Cars Pvt. Ltd. having diversified interests in areas such as distribution cum dealership of branded vehicles, sugar mill and power projects. The group companies have an aggregate turnover of around Rs. 500 crore. Regent Energy plans to develop small hydro power generating plants in India.
IFCI’s investment in Regent is directed towards part financing of a 5 MW grid connected small hydro power generation plant in Himachal Pradesh. The project is planned to achieve low operational cost, high PLF and economic life. It is also enrolled with UNFCCC to receive carbon credits, MNES subsidies and other tax benefits.