Veritas has been supported by domestic investment from well known leaders in the corporate world and foreign direct investment from reputed socially relevant impact investment focused foreign funds, with keenness to support professionally managed financial inclusion initiatives.
Mr. P S Pai
Mr. P S Pai a highly respected thought leader in business and marketing strategy, brings extensive experience and expertise from the Indian corporate sector to Veritas. Mr Pai was the Executive Chairman of the Murugappa Group from 2002-2006, contributing significantly to the group’s growth and profitability. A visionary with high octane energy, he made every organization in the group to constantly break boundaries, innovate and execute. Under his sagacious stewardship, many diverse businesses of the group scaled new peaks and went on to become market leaders in their realm. Prior to this he was Vice Chairman of Wipro group, in charge of CCLG businesses and part of the corporate board from 1997-2002.
Mr Pai holds a Degree in Electrical Engineering from Mysore University and a Post Graduate Degree in Industrial Engineering from IIT, Madras.
He is also a strategic Advisor to Veritas.
The Lok Group promotes inclusive growth in India by making long-term equity investments. Launched in 2006, it supports enterprises addressing low income communities and underserved markets in a scalable, affordable, and commercially viable manner. Lok manages two funds (Lok Capital & Sarva Capital) with over USD 85 mn under management, across 21 investments. A pioneering investor in microfinance, Lok has since deepened its presence in financial inclusion and diversified into social infrastructure, including healthcare and agriculture.
Caspian Impact Investment Adviser (“Caspian”) is an investment advisory firm that invests capital in socially responsible, multiple bottom line businesses delivering financial and social value. For 10 years, they have invested debt and equity capital into high quality companies in India, with the intention to generate social and environmental impact alongside a competitive financial return.
Caspian has a successful track record of making investments and supporting some of the best known social impact organizations in India. As one of the early entrants in the impact investing space in India, Caspian is also one of the few fund managers with a proven exit track record.
Caspian looks for companies with innovative business models in any of the Caspian Investment Focus Areas that effectively address the needs of the excluded low income and informal sector population. They trust high quality entrepreneurs and management teams who demonstrate the intent to provide a healthy financial return along with a social return to investors. Caspian invests only in those institutions that have adopted or are willing to adopt clear deliverables on social performance.”