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Motilal Oswal Private Equity (MOPE) Advisors has appointed Bharat Kedia as its Chief Operating Officer (COO). His appointment will be instrumental in supplementing operational efficiencies in private equity as well as in real estate businesses.
Prior to this, he has worked with Zee Entertainment Enterprises Limited as Chief Financial Officer. In addition to this, he has worked with organisations like Parag Milk Food Limited, Publicis Groupe India, Coca-Cola HBC SA, United Beverages, BDH Industries and Kansai Nerolac Paints earlier in his career. Kedia is a Chartered Accountant and also holds a degree in Company Secretary.
Commenting on this announcement, Mr Vishal Tulsyan, Managing Director and CEO of MOPE said, “With his proven track record and his deep understanding towards varied sectors we are confident to turn our strategic initiatives into a new level of excellence. He has joined us at very exciting times when we are amidst of fundraising for our fourth fund of real estate.”
MOPE Investment Advisors Private Limited (MOPE) is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL), a diversified financial services group with businesses in Securities, Asset Management, Private Equity and Investment Banking. MOPE is currently managing three growth capital funds focused on providing growth capital to mid-market companies, typically in the range of Rs 1–3 billion, across sectors. IBEF, launched in 2007 is a Rs 5.5 billion (US$115 million) fund and is fully invested in thirteen portfolio companies across sectors such as food processing, bulk packaging, power transformers and power infra enablers, ITES, financial services, EMS, FMCG, auto components, etc.
Out of the thirteen investments it has made eleven exits. IBEF II, launched in 2012 is a Rs 10 billion (US$155 million) and is fully invested in eleven portfolio companies across sectors such as financial services, life sciences, niche manufacturing and consumption based sectors. On the back of its success of IBEF and IBEF II, MOPE is in the process of raising IBEF III, which is targeted to be a Rs 20 billion (US$325 million) fund. The third close of the fund has already been done at ~Rs 17.14 billion. Currently, investments are being made through IBEF III.
