Veritas Finance 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 Finance. 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 Finance.
Lok promotes inclusive growth in India by making long-term equity investments. Launched in 2004, it backs entrepreneurs who cater to large underserved segments through investments in financial services, agriculture/livelihood and healthcare sectors. In addition to capital, Lok supports the portfolio companies through a variety of engagements which include fellowship programs and technical assistance. Lok manages three funds with over USD 125 mn under management.
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.”
CDC Group Plc is the UK’s development finance institution. Wholly owned by the UK Government, it invests in sub-Saharan Africa and South Asia with the aim of supporting economic development to create jobs. CDC Group Plc has invested in India since 1987. CDC takes a flexible approach and provides capital in all its forms, including equity, debt, mezzanine and guarantees, to meet businesses’ needs and achieve development impact. CDC has net assets of GBP 4.8 billion.