ABOUT US
We are an investment platform that focuses on investing and taking
control in turnaround situations. A joint venture between Piramal
Enterprises and Bain Capital investors in our first fund include marquee
international investors such as pension funds, multilateral institutions,
family offices, and high net-worth individuals.
ESG AGENDA
Sustainability has emerged as an imperative in the contemporary investing agenda, with stakeholders demanding greater accountability for environmental, social, and economic impacts. Recognising this universal need for transparency and responsibility, we are proud to present our inaugural Sustainability Report.
highlights
$
Total capital deployed including co-investments
*As on June 2024
Capital deployed across 9 sectors
12 Deals*
Across 9 sectors
Our Team's Perspective
Portfolio Segments
ESG Journey
-
2018
- ESG Policy
-
2020
- ESG Due Diligence
- First ESAP Implementation
-
2021
- Strengthening Governance Cadence For ESAP Monitoring
-
2022
- Dedicated ESG Team
- Peer Benchmarking
-
2023
- First Sustainability Report
ESG Approach
We collaborate with portfolio companies to drive a positive impact on the environment and society.
Environment
- To align our operations and investments towards being environmentally responsible.
- To be resource-efficient throughout our portfolio companies and operations.
- To reduce operational waste generated by the portfolio companies and protect bio-diverse areas in the project surroundings.
Social
- To promote diversity across all levels and encourage an inclusive culture.
- To ensure the health, safety, and well-being of all employees as well as create a workplace where employees feel valued and can bring out the best in themselves.
- To create positive impact for nearby communities.
Governance
- To align our operations and investments towards being environmentally responsible.
- To be resource-efficient throughout our portfolio companies and operations.
- To reduce operational waste generated by the portfolio companies and protect bio-diverse areas in the project surroundings.
ESG Framework
At IndiaRF, we are dedicated to integrating ESG factors into our investments to drive sustainable returns. We have established a robust and impactful ESG framework that aligns with our responsible investment objectives.
ESG Integration in the Investment Cycle
The four pillars identified
Livelihood Enhancement
Improving the workplace through quality interventions that make the workplace safe and encourage productivity improvement.
Energy Management And Efficiency
Continuously minimising and efficiently using energy.
Affirmative Action at the workplace
Nurturing diversity and inclusion to continuously improve employee skills and attractiveness.
Participatory Development Initiatives
Collaborating with local communities through partnerships and other initiatives.
ESG Portfolio Companies
Setco Automotive Ltd is the largest manufacturer of Premium Quality "LIPE" brand clutches for medium and heavy commercial vehicles in India and a market leader.
Investment Year
$
Deal Size
Automotive
For more information on Setco Automotive Ltd click here
Primacy Industries, founded in 2005, stands as a leading player in contract research and manufacturing services. It boasts an impressive array of over 600 distinctive personal care products.
2021
Investment Year
$46 mn*
Deal Size
Consumer Goods
For more information on Primacy Industries click here
Archean Chemical, part of the Archean Group, is a prominent force in the specialty chemicals manufacturing sector.
2018
Investment Year
$56 mn*
Deal Size
Marine Chemicals
For more information on Archean Chemical click here
Thrissur Expressway Limited is a significant 28 km six-lane highway connecting Thrissur and Vadakkanchery in Kerala.
2021 & 2023
Investment Year
$55 mn*
Deal Size
Infrastructure
For more information on Thrissur Expressway Limited click here
Impresario Entertainment and Hospitality began its journey in 2001 with Mocha - Coffees and Conversations.
2022
Investment Year
$63 mn*
Deal Size
Hospitality
For more information on Impresario Entertainment and Hospitality click here
Way Forward
As we forge ahead, we recognise the need to embrace new strategies and tools that drive responsible investment practices. This section explores two key areas that will shape the way forward: the integration of material topics into the current ESG framework and the adoption of the ESG Index tool for the annual ESG performance evaluation of portfolio companies.
"Strategically, we invest in businesses which have experienced significant challenges in the past. We actively lead their turnaround, including renewed focus on ESG.
Our ESG strategy, going forward, will incorporate deeper engagements with portfolio companies on key areas, besides the existing ones. The outcomes will be focused on sustainability value creation, carbon footprint reduction, workplace diversity, societal contribution, and environmental preservation. We aim to evolve our ESG goals over time and provide solutions that will be bespoke to the nature, scale, and complexity of our investments and measurable outcomes.”
Shantanu Nalavadi | Managing Director
Disclaimer:
The report represents IndiaRF’s view as of the date of this presentation and is subject to change. Activities are a representative list and not exhaustive. The noted case studies are presented for illustrative purposes only. The companies identified herein do not represent all the investments made by IndiaRF. The level of ESG integration may vary by strategy.