ASK Pravi Capital Advisors, a private equity JV of ASK Group and Pravi Capital Advisors LLP, today announced that Mr. Naveen Kshatriya will be an Operating Advisor to its private equity fund. Naveen will engage with the investment team in evaluating investments in consumer product and services businesses. He will act as a strategic advisor , as necessary, to portfolio companies in this sector on all aspects of business.
While commenting on this Mr. Jayanta Banerjee, Managing Partner, ASK Pravi said, “Naveen kshatriya’s addition strengthens ASK Pravi’s existing team of Operating Advisors and Functional Experts in providing operating value-add to its portfolio companies.”
Naveen Kshatriya has over 40 years of experience in business leadership, marketing and customer management and has lead both turnaround and growth businesses from geographies like India, Dubai, Saudi Arabia, Singapore and UK. He retired recently as Head of BP Castrol’s Automotive Lubricants business in Asia & the Pacific region, operating out of Singapore. He was on Castrol's Global leadership team. Naveen has been associated with global brands like Castrol & Unilever’s portfolio during his tenures with Castrol & Unilever in India and M.E.
“ASK Pravi’s fund philosophy is in sync with my personal belief that Indian companies have great potential to scale up the businesses with right strategic inputs at an operational level. I am looking forward to be associated with ASK Pravi.”said Mr. Naveen Kshatriya.
ASK Pravi Capital Advisors
ASK Pravi Capital Advisors is a joint venture between ASK Group and Pravi Capital Advisors LLP. ASK Pravi Capital Advisors will focus on unlisted businesses operating in industries which benefit from domestic consumption demand. It will invest in mid-sized businesses which have the potential to deliver high growth. The approach will be to closely manage and nurture the portfolio companies while providing them with growth support through a team of operating professionals.
The company is currently raising its first fund is of Rs. 900 Cr. This is a sector agnostic fund that will take significant minority and controlling stakes in small and medium size firms which are fundamentally strong and poised to grow. It will make investments with a 4 to 5 year horizon.
ABOUT ASK GROUP
The ASK group has a heritage dating back to 1983. It is a diversified Financial Services group renowned for its strong research infrastructure and investment advice. The group is accredited with having launched the Portfolio Management Services (PMS) in India.
The group, which pioneered the concept of equity research in India, is today a leader in the areas of portfolio management and investment advisory services and manages the portfolio of some of the most affluent families in India. With close to three decades of presence in capital markets, ASK group has been a true believer in the India growth story and over the years has grown hand-in-hand with its clients across the globe.
‘Integrity, Reputation & Relationship’ are the critical pillars on which the group has based its foundation. These values are clearly evident in the management culture and the group’s history.
ASK group manages assets of more than US $1.2 Bn of its clients in Equity PMS, Wealth Advisory and Real Estate PMS.